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IN BRIEF: ITM Power signs Neptune V supply contract

ALN

ITM Power PLC - Sheffield, England-based firm is a designer and manufacturer of electrolyser systems for green hydrogen production - Signs contract to supply three Neptune V units, totalling 15 mega watts, to a family-owned private German company. The Neptune V units will be deployed into three individual projects, with the first delivery expected in the first half of calendar 2026. The electrolysers will provide green hydrogen to refuelling stations in Germany. Chief Executive Dennis Schulz says: ‘We are establishing ourselves as the go-to partner for down-to-earth industrial companies and family businesses, for whom it matters that their plants work reliably, safely and efficiently. We are pleased to have signed yet another Neptune V contract in just a few weeks. Customer interest continues to exceed our expectations’.

Current share price: 35.38 pence

12-month change: down 42%

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