ITM Power PLC REFHYNE II FID taken

RNS Number : 7388X

ITM Power PLC

24 July 2024

 

25 July 2024

 

ITM Power PLC

 

REFHYNE II FID taken

 

We welcome today's announcement by Shell Deutschland GmbH relating to their positive Final Investment Decision (FID) for the 100MW green hydrogen REFHYNE II project at the Shell Rheinland Energy and Chemicals Park in Germany. This follows the capacity reservation between Shell and ITM that we announced in December 2023.

 

We are pleased that Shell has selected us as their supplier for this project. We look forward to concluding the manufacturing and supply contract in due course and, in close collaboration with Shell and Linde, driving the project to success.

 

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

 

ITM Power PLC
Justin Scarborough, Head of Investor Relations	[phone]
Investec Bank plc (Nominated Adviser and Broker)	[phone]
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.

 

-ends-

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

MSCSEMFULELSEEW