25 July 2024
ITM Power PLC
REFHYNE II FID taken
We welcome today's announcement by Shell Deutschland GmbH relating to their positive Final Investment Decision (FID) for the 100MW green hydrogen REFHYNE II project at the Shell Rheinland Energy and Chemicals Park in Germany. This follows the capacity reservation between Shell and ITM that we announced in December 2023.
We are pleased that Shell has selected us as their supplier for this project. We look forward to concluding the manufacturing and supply contract in due course and, in close collaboration with Shell and Linde, driving the project to success.
For further information, please visit www.itm-power.com or 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.
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