Two engineering contracts signed

Summary by AI ^BETAClose X

ITM Power plc has secured two engineering contracts, a Basic Design Engineering Package in Australia and a Front-End Engineering Design for a project in Canada, both utilizing its NEPTUNE V green hydrogen production plant. These combined contracts represent a total capacity of 70 MW, signaling expansion into new markets and the deployment of its leading technology for hydrogen production from renewable sources.

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ITM Power PLC

12 December 2025

ITM Power plc

Two engineering contracts signed

ITM Power is pleased to announce that we have been awarded two engineering contracts:

· first, a Basic Design Engineering Package (BDEP) contract by an industrial customer for a project in Australia, and

· second, a Front-End Engineering Design (FEED) contract for a project in Canada, which aims to produce hydrogen for transportation from hydroelectric power.

Both contracts, with a combined capacity of 70 MW, will be based on the deployment of multiple units of ITM's market-leading NEPTUNE V containerised green hydrogen production plant.

Dennis Schulz, CEO, said, "We are excited to be working with our customers on these projects, and to advance the deployment of our NEPTUNE V product into the Australian and Canadian markets."

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

ITM Power plc
Justin Scarborough, Head of Investor Relations	+44 (0)114 551 1080
Berenberg
Ciaran Walsh, Harry Nicholas	+44 (0)20 3207 7800
J.P. Morgan Cazenove
Richard Perelman, Charles Oakes	+44 (0)20 7742 4000

About ITM Power plc:

ITM Power was founded in 2000 and ITM Power plc was admitted to the AIM 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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