ITM Power : Two 100 MW electrolyser contracts signed with Linde Engineering
January 31, 2023 at 02:08 am EST
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ITM Power has signed two contracts, each for the sale of 100 MW of PEM electrolysers to Linde Engineering. Both plants will be installed at a site operated by RWE in Lingen, Germany, and will be powered by offshore wind from the North Sea.
ITM Power PLC
("ITM Power" or "The Company")
Two 100 MW electrolyser contracts signed with Linde Engineering
ITM Power has signed two contracts, each for the sale of 100 MW of PEM electrolysers to Linde Engineering. Both plants will be installed at a site operated by RWE in Lingen, Germany, and will be powered by offshore wind from the North Sea.
The plants are the largest PEM electrolysers under execution worldwide and will be the first deployment of the new Linde Engineering / ITM Power 10 MW standard module skids for large-scale installations, utilising state-of-the-art MEP 30 bar electrolyser stacks. Delivery for these two projects will represent a key milestone on ITM Power's journey towards high volume manufacturing of an industrialised product.
As part of its "Growing Green" strategy, RWE announced in November 2021 that it aimed to create electrolyser capacity of at least 2 GW to generate green hydrogen by 2030. The two 100 MW electrolyser plants at Lingen are part of this ambition. In December 2021, Linde Engineering and ITM Power were preselected by RWE as technical provider for the first two 100 MW installations of the so-called GET H2 Nukleus project in Lingen.
Dennis Schulz, ITM Power CEO, said: "We are proud and humbled to have been selected as the electrolyser supplier for this important milestone project. Strategically, it enables us to scale towards volume manufacturing with certainty and determination."
For further information please visit www.itm-power.comor contact:
ITM Power PLC
James Collins, Investor Relations
Justin Scarborough, Investor Relations
+44 (0)114 551 1205
+44 (0)114 551 1080
Tavistock (Financial PR and IR)
+44 (0)20 7920 3150
Simon Hudson / Tim Pearson / Charlie Baister
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.
ITM Power plc published this content on 31 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2023 07:07:32 UTC.
ITM Power PLC is a United Kingdom-based company, which designs and manufactures electrolyzers based on proton exchange membrane (PEM) technology to produce green hydrogen using renewable electricity and water. The Company makes electrolyzers in a range of sizes to suit its customers needs from 2 megawatts (MW) to projects in excess of 100 MW. Its electrolyzer products include TRIDENT, NEPTUNE and POSEIDON. TRIDENT is a PEM electrolyzer stack technology. TRIDENT is a 2 MW electrolyzer skid based on its 30 bar stacks. NEPTUNE is a fully autonomous electrolyzer system. Supplied with a power conversion system and incorporating all necessary balance of the plant, the electrolyzer can be readily deployed as a complete package. POSEIDON is a 20 MW module for large-scale projects. POSEIDON is a modular building block enabling scale up with an optimized footprint. Suitable for both indoor and outdoor installation, it consists of skid-mounted units which can be prefabricated and pre-tested.