Itm Power Regulatory News (ITM)

23 June 2025

ITM Power plc

FEED contract for Uniper's 120MW green hydrogen project

ITM Power is pleased to announce that we have signed the Front-End Engineering Design (FEED) contract for Uniper's 120MW Humber H2ub® project, which was recently shortlisted as part of the UK's Hydrogen Allocation Round 2 (HAR2). This milestone follows ITM's selection as the electrolyser supplier for the project, announced on 8 May 2025.

ITM will deploy six 20MW POSEIDON core electrolysis process modules into the project, which remains subject to Final Investment Decision (FID) and is targeted to be operational in 2029.

Dennis Schulz, CEO, said, "The Humber project represents exactly the kind of scale, ambition and strategic alignment the green hydrogen sector needs right now. Signing the FEED contract is not just another milestone - it is a signal that industrial decarbonisation in the UK is moving from concept to reality. ITM's technology and expertise are at the forefront of that transformation. We look forward to working with Uniper to progress this landmark project through FID."

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

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.

About Uniper:

Düsseldorf-based Uniper is a European energy company with global reach and activities in more than 40 countries. With around 7,500 employees, the company makes an important contribution to security of supply in Europe, particularly in its core markets of Germany, the UK, Sweden, and the Netherlands. Uniper's operations include power generation in Europe, global energy trading, and a broad gas portfolio. Uniper procures gas - including liquefied natural gas (LNG) - and other energy sources on global markets. The company owns and operates gas storage facilities with a total capacity of more than 7 billion cubic meters.

Uniper aims to be carbon-neutral by 2040. To achieve this, the company is transforming its power plants and facilities and investing in flexible, dispatchable power generation units. Uniper is one of Europe's largest operators of hydropower plants and is helping further expand solar and wind power, which are essential for a more sustainable and secure future. Uniper is gradually adding renewable and low-carbon gases such as biomethane to its gas portfolio and is developing a hydrogen portfolio with the aim of a long-term transition. The company plans to offset any remaining CO2 emissions by high-quality CO2-offsets.

Uniper is a reliable partner for communities, municipal utilities, and industrial enterprises for planning and implementing innovative, lower-carbon solutions on their decarbonization journey. Uniper is a hydrogen pioneer, is active worldwide along the entire hydrogen value chain, and is conducting projects to make hydrogen a mainstay of the energy supply.

About Uniper in the UK 

In the UK, Uniper owns and operates a flexible generation portfolio of power stations, a fast-cycle gas storage facility and two high pressure gas pipelines, from Theddlethorpe to Killingholme and from Blyborough to Cottam. We also have significant long-term regasification capacity at the Grain LNG terminal in Kent, to convert LNG back to natural gas.