ITM and DB Systemtechnik GmbH LOI

24 June 2026 

ITM Power plc

ITM and DB Systemtechnik to forge an innovation and research partnership,
starting with a joint FEED study

ITM Power plc and DB Systemtechnik GmbH have signed a Letter of Intent (LOI) to forge an innovation and research partnership for the development, piloting and testing of green energy solutions for the transport and critical infrastructure sectors.

This builds on the agreement signed between ITM Power and Deutsche Bahn in March 2025 to collaborate on sustainable transportation and infrastructure solutions. The collaboration will explore opportunities to deploy green hydrogen to support the decarbonisation of rail transport and associated mobility solutions, including locomotive, bus, and truck fleets, as well as the energy resilience requirements of railway infrastructure. The partnership will also evaluate solutions that enhance energy resilience and self-sufficiency, including the production, sourcing and storage of green fuels for day-to-day operations.

As an initial step, ITM Power and DB Systemtechnik intend to undertake a Front-End Engineering Design (FEED) study to assess the technical configuration, site integration, operational requirements and commercial framework for the potential applications of ITM's electrolyser technology at Deutsche Bahn sites.

Dennis Schulz, CEO of ITM Power, said: "We are delighted to take the next step in our close collaboration. The agreement and planned FEED study mark an important progression in our relationship and further underline the potential role of green hydrogen in the decarbonisation of critical transport infrastructure."

Dr. Hiie-Mai Unger, CEO of DB Systemtechnik, said: "The collaboration with ITM Power underlines our commitment to driving innovation in sustainable railway systems. The planned FEED study will provide valuable insights into how green hydrogen can be integrated into our infrastructure, strengthening both decarbonisation efforts and operational resilience across the DB network."

For further information, please visit www.itm-power.com or contact:

About ITM Power plc:

ITM Power designs and manufactures industrial-scale electrolysers for green hydrogen production. Its proprietary PEM technology, vertically integrated manufacturing, and in-house engineering capabilities enable it to supply standardised, high-performance hydrogen plants.

With a proven track record in large-scale projects, ITM Power helps leading industrial and energy companies achieve their decarbonisation goals. In addition to its equipment offering, the company provides reliable and cost-competitive hydrogen supply through its build, own and operate (BOO) model, Hydropulse.

Headquartered in the UK, ITM Power is listed on the London Stock Exchange AIM (LSE: ITM) and holds the Green Economy Mark, which recognises companies that generate over 50% of their revenues from green products and services.

About DB Systemtechnik GmbH:

DB Systemtechnik is Europe's leading provider of engineering and testing services in the railway sector and is committed to innovation across the technical spectrum of the railway system. In this context, it also focuses on innovative solutions for energy supply. DB Systemtechnik is a member of the Deutsche Bahn group.