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ITM.GB Itm Power

0.00 (0.00%)
06:55:37 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Itm Power AQSE:ITM.GB Aquis Stock Exchange Ordinary Share GB00B0130H42 Ordinary Shares 5p
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 50.00 40.00 60.00 50.00 50.00 50.00 0.00 06:55:37
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

ITM Power PLC 100MW Capacity Reservation (2541W)

11/12/2023 7:00am

UK Regulatory

Itm Power (AQSE:ITM.GB)
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From Oct 2023 to Apr 2024

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RNS Number : 2541W


11 December 2023

11 December 2023


100MW capacity reservation

ITM is pleased to announce that it has signed a capacity reservation with Shell Deutschland GmbH, under which Shell has secured future production capacity for the manufacturing of our state-of-the-art electrolyser stacks.

The reservation covers 100MW of TRIDENT electrolyser stacks to be manufactured in calendar years 2025 to 2026 in relation to the Refhyne 2 project at the Shell Energy and Chemical Plant in Rhineland, Germany, which remains subject to a final investment decision.

Dennis Schulz, CEO ITM, said: "Today's announcement is yet another validation of our technology and credibility to deliver at scale, providing reassuring recognition by a world-leading industrial customer. The capacity reservation also reflects the upcoming challenge for customers to secure credible large-scale delivery capability within the PEM electrolyser sphere, against a quickly growing demand."

For further information please visit or contact:

 ITM Power PLC 
 Justin Scarborough, Head of Investor 
  James Collins, Head of Corporate         +44 (0)114 551 1080 
  Affairs                                   +44 (0)114 551 1205 
 Investec Bank plc (Nominated 
  Adviser and Broker)                      +44 (0)20 7597 5970 
 James Rudd / Chris Sim / Ben Griffiths 

About ITM Power PLC:

ITM Power was founded in 2000 and ITM Power PLC was admitted to the AIM market of the London

Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures

electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.


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(END) Dow Jones Newswires

December 11, 2023 02:00 ET (07:00 GMT)

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