ITM Power has entered into a capacity reservation agreement with RWE for 150MW of NEPTUNE V units, the company announced on September 22, 2025. The reservation is equivalent to 30 units and foresees call-offs by 2027.

Building on Existing Partnership

The agreement follows RWE's operation of ITM Power's 4MW pilot plant and the ongoing delivery of 200MW of electrolyzers for the GetH2 Nukleus project in Lingen, Germany. RWE is described as a leading European energy company with a proven track record of delivering large-scale green hydrogen projects. The agreement represents repeat business with a major industrial partner and underlines the growing demand for ITM Power's products, according to the company's announcement.

NEPTUNE V Technology Platform

NEPTUNE V is ITM Power's latest generation containerized, green hydrogen plant solution. Each unit integrates all necessary balance of plant within a compact containerized design, enabling rapid deployment, simplified installation, and reliable operation. The NEPTUNE V units can be interconnected to form bigger container-based plants. Since its launch last year, the platform has gained strong commercial traction as a benchmark technology for commercial-scale green hydrogen projects.

The Company will provide further updates on this agreement as projects are called off and converted into firm orders.

Management Commentary

Dennis Schulz, CEO of ITM Power, commented on the agreement: “We are proud to expand our collaboration with RWE. Building on our strong relationship developed through the joint execution of the GetH2 Nukleus project, this additional 150MW capacity reservation underlines RWE's confidence in our technology and delivery capability. Repeat business with a global leader in energy is the strongest validation of our strategy, our products, and our people.”

Company Background

ITM Power was founded in 2000 and ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. The company is headquartered in Sheffield, England, and designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen using renewable electricity and water. The company describes green hydrogen as the only net-zero energy gas.

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