First Four Sales in Australia
ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the sale of four 250kW electrolyser systems totaling 1MW to three different customers across Australia. Further details of these projects will be released in due course.
The four deployments represent an important step in entering this significant new territory and will serve as reference plants for ITM Power technology in both the mobility and industrial hydrogen sectors in Australia. These commercial sales are of standard ITM Power products, optimised and compliant for the territory, which often requires operation in extreme thermal environments.
This is the first step towards building a critical mass of units in Australia so that the Company can optimise both commissioning, after-sales support and spares holding.
Dr Neil Thompson, MD, ITM Power Pty Ltd said: "We are delighted to have secured our first standard product sales in Australia. The roll-out of these units starts to create a critical mass to deploy after-sales support and spares, both of which create customer confidence for future tender opportunities and give ITM Power an early mover advantage in this important new market."
ITM Power CEO, Dr Graham Cooley, said: "Australia is a very exciting new market for green hydrogen production and we are pleased to be making these important deployments of reference plants for ITM Power technology. Australia holds significant growth opportunities for us and demonstrates the accelerating momentum in the hydrogen sector."