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ITM Power PLC - Sheffield, England-based designer and manufacturer of electrolyser systems for green hydrogen production - Says it has been contracted by an unnamed European energy company to jointly develop a standard design configuration for a 10 megawatt green hydrogen production plant. The client then intends to deploy the design across several projects in the UK. The design will combine two Neptune V plug-and-play 5 megawatt containerised electrolyser systems, using ITM’s Trident stack technology. It notes the UK’s ‘ambitious’ targets for 6 gigawatts of installed green hydrogen capacity by 2030. Chief Executive Officer Dennis Schulz says: ‘This agreement with yet another large-scale European energy company further cements Neptune V as the clear leader in its class.’ Current stock price: 36.08 pence, up 6.5% in London on Friday morning 12-month change: down 26% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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