ITM Power confirm final investment decision for 20MW electrolyser project

ITM Power (ITM), a global leader in electrolyser technology, have announced the receipt of the Notice to Proceed (NtP) for a 20MW project, which was previously announced and for which the customer has now taken a Final Investment Decision (FID).

ITM anticipates being able to provide further details towards the end of the first quarter of 2026.

Image ©ITM Power

The NtP formally authorises ITM to commence full project work, thereby setting the official contract start date. Accordingly, the contract is now firm and will be added to their contracted order backlog.

Dennis Schulz, CEO of ITM Power, said, "We are proud that we have been entrusted to deliver yet another important industrial-scale project, and we are looking forward to providing more information on the project specifics in due course."

Although unconfirmed, the project is likely to utilise ITM’s POSEIDON electrolyser module. Based on their state-of-the art TRIDENT PEM electrolyser platform, POSEIDON consists of skid-mounted units which can be prefabricated and pretested, which leads to shorter deployment times and lower project costs.

For more information, visit www.itm-power.com.