IN BRIEF: ITM Power shares rise as selected for two UK projects
ITM Power PLC - Sheffield-based designer and manufacturer of electrolyser systems for green hydrogen production - Says a customer selected the company as the supplier for a large-scale green hydrogen project in the UK, which was successful in the government’s hydrogen allocation round 2 [HAR2], alongside a separate smaller project in the UK. The firm will deploy Poseidon, its core electrolysis process module, into both projects, which are awaiting a final investment decision. Chief Executive Officer Dennis Schulz says: ‘We are honoured to be chosen for yet another HAR2 project in the UK, just weeks after Uniper confirmed us for their 120 megawatt Humber project. This supplier selection demonstrates two things: that the UK is starting to gain traction in green hydrogen, and that we are establishing early leadership in our home market.’
Current stock price: 80.20 pence each, up 9.3% on Tuesday morning in London
12-month change: up 66%
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