ITM Power PLC ITM Power contract award towards 100MW project (2374G)

TIDMITM

RNS Number : 2374G

ITM Power PLC

17 July 2023

ITM Power PLC

ITM Power contract award towards 100MW project in Germany

ITM is delighted to announce the award of a contract for the procurement of long lead-time materials and components required for the manufacturing of our state-of-the-art MEP30 skids for a 100MW project in Germany.

The Final Investment Decision (FID) is aimed to be taken by our customer in 2023.

Dennis Schulz, CEO ITM Power, said: "This order is an important endorsement of our technology and capability to deliver projects at scale. It will be the third 100MW project we are entrusted to execute."

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

 
 ITM Power PLC 
 Justin Scarborough, Head of Investor 
  Relations 
  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

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR

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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