ITM Power PLC Engineering integration package for Hynamics

RNS Number : 4675C

ITM Power PLC

27 March 2025

 

27 March 2025

ITM Power PLC

 

Engineering integration package for Hynamics

 

ITM Power is pleased to announce that EDF Renewables UK and Hynamics, a 100% subsidiary of EDF Group, have selected us to execute a plant integration engineering package for Phase 1 of its North East-based Tees Green Hydrogen project.

The project, which is part of the UK's Hydrogen Allocation Round 1 (HAR1), has previously secured funding from the UK government's Net Zero Hydrogen Fund (NZHF)

In July 2024, ITM announced a capacity reservation for four NEPTUNE II units, our full-scope 2MW containerised electrolyser plant, with an unnamed large utility company. Today's announcement is related to the capacity reservation, and the engineering package will cover the integration of four NEPTUNE II units with the balance of plant.

The project will boost local industry and transport by supplying green hydrogen to support decarbonisation efforts and significantly reduce industrial pollution, securing its long-term sustainability.

Dennis Schulz, CEO, said: "It is a privilege to have been selected by EDF Renewables UK and Hynamics, and we look forward to collaborating with them."

 

For further information, please visit www.itm-power.com or contact:

ITM Power PLC
Justin Scarborough, Head of Investor Relations	[phone]
Berenberg
Ciaran Walsh, Harry Nicholas	[phone]
J.P. Morgan Cazenove
Richard Perelman, Charles Oakes	[phone]

 

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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