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ITM Power PLC announced on May 12, 2025, it has signed an agreement with a confidential customer. This agreement confirms ITM Power's selection as the supplier of over 300MW of electrolysers for a green hydrogen project in the Asia-Pacific (APAC) region. The project has received funding approval from local authorities but remains subject to a Final Investment Decision.
| Date | 12 May 2025 |
| Time | 07:00:08 |
| Category | Acquisitions and alliances |
| ID | 2315I |
12 May 2025
ITM Power PLC
Selected supplier for a large-scale project in APAC
ITM Power is pleased to announce that we have signed an agreement with a customer, who wishes to remain confidential at this stage, confirming our selection as the supplier of over 300MW of electrolysers to produce green hydrogen for use in a power plant in the Asia-Pacific (APAC) region, thereby avoiding carbon emissions.
The project has received funding approval from the local authorities. It remains subject to a Final Investment Decision (FID).
Dennis Schulz, CEO, said, "We are delighted to work with our customer to advance the engineering, permitting and wider plant integration to drive this large-scale project to FID."
For further information, please visit www.itm-power.com or contact:
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ITM Power PLC |
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Justin Scarborough, Head of Investor Relations
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+44 (0)114 551 1080 |
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Berenberg |
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Ciaran Walsh, Harry Nicholas
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+44 (0)20 3207 7800 |
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J.P. Morgan Cazenove |
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Richard Perelman, Charles Oakes |
+44 (0)20 7742 4000 |
About ITM Power PLC:
ITM Power was founded in 2000 and ITM Power PLC was admitted to the AIM market of the London Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.