(Alliance News) - ITM Power PLC on Friday said it has been named Hygen Energy Ltd's, preferred supplier for proton exchange membrane electrolysers, under a new partnership deal.
The Sheffield, England-based designer and manufacturer of electrolysers for green hydrogen production said the PEM electrolysers it will be supplying is for hydrogen projects within the UK and across Europe.
The collaboration is made up of two phases. The first stage will involve 50 megawatts of Neptune Plug and Play electrolysers across several projects. Phase two comprise a 150 MW of larger-scale modular electrolysers.
Each project will be subject to a final investment decision, ITM said.
Hygen is an Oxford, England-based developer, producer, and asset owner of low-carbon hydrogen production facilities in the UK and Europe, It mainly focuses on the decarbonisation of mobility, construction, hard-to-electrify industries and power.
ITM Chief Executive Officer Dennis Schulz said: "Our collaboration with Hygen is an important milestone for both companies and for the UK. We are looking forward to working in partnership with Hygen and its group companies RYZE and Wrightbus over the coming years, together playing a leading role in advancing the green hydrogen economy."
Shares in ITM Power were up 3.0% at 51.50 pence each in London on Friday morning.
By Sabrina Penty, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2024 Alliance News Ltd. All Rights Reserved.
Itm Power (ITM)