ITM Power PLC - Sheffield, England-based designer and manufacturer of electrolysers for green hydrogen production - Awarded contract with unnamed customer to procure long lead-time materials and components required to manufacture ITM’s MEP30 skids for a 100 megawatt project in Germany. The customer, which ITM does not name, intends to make its final investment decision this year.

Chief Executive Officer Dennis Schulz says: ‘This order is an important endorsement of our technology and capability to deliver projects at scale. It will be the third 100MW project we are entrusted to execute.’

Current stock price: 74.70 pence, up 1.6% on Monday in London

12-month change: down 63%

Copyright 2023 Alliance News Ltd. All Rights Reserved.