News
FEED contract for multi-unit NEPTUNE V project
06 October 2025
ITM Power have signed a Front-End Engineering Design (FEED) contract for a project which has been shortlisted in the UK's Hydrogen Allocation Round 2 (HAR2).
ITM Power is pleased to announce that we have signed a Front-End Engineering Design (FEED) contract for a project which has been shortlisted in the UK's Hydrogen Allocation Round 2 (HAR2).
The FEED is based on multiple NEPTUNE V units, our 5MW containerised green hydrogen plant. The project remains subject to a Final Investment Decision (FID). Our customer expects the plant to be operational in 2028.
Dennis Schulz, CEO, said, "We are delighted to have signed the FEED contract for yet another UK HAR2 project. This is a further signal that NEPTUNE V is the leading containerised product for mid-scale green hydrogen projects, and we are looking forward to supporting our customer to progress the project through FID."
For further information, please contact:
ITM Power plc
Justin Scarborough, Head of Investor Relations +44 (0)114 551 1080
Berenberg +44 (0)20 3207 7800
Ciaran Walsh, Harry Nicholas
J.P. Morgan Cazenove +44 (0)20 7742 4000
Richard Perelman, Charles Oakes
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.