Basic Design Engineering Package Signed

Today, ITM are pleased to announce they have signed a POSEIDON based BDEP (Basic Design Engineering Package) for a project in the Netherlands. 

POSEIDON is a 20MW core electrolysis process module, designed to be configured for large-scale deployment in standardised building blocks.

A BDEP is an industry-typical first step for large-scale projects, which precedes the full EPC project FID (Final Investment Decision).

For further information, please contact:

ITM Power plc

Justin Scarborough, Head of Investor Relations +44 (0)114 551 1080

Investec Bank plc (Nominated Adviser and Broker) +44 (0)20 7597 5970

James Rudd / Chris Sim / Ben Griffiths

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.