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On 12 December 2025, ITM Power plc announced it was awarded two engineering contracts. These include a Basic Design Engineering Package (BDEP) contract for a project in Australia and a Front-End Engineering Design (FEED) contract for a project in Canada. Both contracts have a combined capacity of 70 MW, utilising ITM's NEPTUNE V containerised green hydrogen production plant.
| Date | 12 Dec 2025 |
| Time | 07:00:02 |
| Category | Corporate updates |
| ID | 2713L |
12 December 2025
ITM Power plc
Two engineering contracts signed
ITM Power is pleased to announce that we have been awarded two engineering contracts:
· first, a Basic Design Engineering Package (BDEP) contract by an industrial customer for a project in Australia, and
· second, a Front-End Engineering Design (FEED) contract for a project in Canada, which aims to produce hydrogen for transportation from hydroelectric power.
Both contracts, with a combined capacity of 70 MW, will be based on the deployment of multiple units of ITM's market-leading NEPTUNE V containerised green hydrogen production plant.
Dennis Schulz, CEO, said, "We are excited to be working with our customers on these projects, and to advance the deployment of our NEPTUNE V product into the Australian and Canadian markets."
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 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.