In the UK, ITM Power announced that we have been selected as the technology provider and awarded a Front-End Engineering Design (FEED) contract for a 50MW green hydrogen production site in the European Union for an undisclosed experienced green hydrogen plant developer. The FEED will be based on ten NEPTUNE V units, our full-scope 5MW containerized electrolyzer plant ideally suited for mid-sized projects. The FEED will support the project development ahead of a Final Investment Decision (FID) for the whole project, which the customer expects to take in 2025. The plant is planned to start producing approximately 5,000 tons of green hydrogen annually from the second half of 2027 and supply local industries. Dennis Schulz, CEO of ITM Power, said: “We are excited to have been selected as the technology partner for this project. NEPTUNE V was only launched in May of this year, and this FEED confirms our view at the time that mid-sized green hydrogen projects would experience strong momentum in the near term”.
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