08 Jul 2024

ITM Power (ITM LN) - 500MW capacity reservation

ITM Power PLC (ITM:LON) | 84.6 0 0.0% | Mkt Cap: 522.0m

- Daniel Slater, CFA
- 5 pages

ITM has announced a new 500MW capacity reservation agreement with a global industrial customer, expected to be used for projects in Europe and the USA. The new agreement runs until the end of 2028, and follows the announcement in December of a similar agreement for 100MW with Shell for its Refhyne 2 project in Germany, itself expected to be executed over 2025 and 2026.

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ITM Power (ITM LN) - 500MW capacity reservation

ITM Power PLC (ITM:LON) | 84.6 0 0.0% | Mkt Cap: 522.0m

Published: 08 Jul 2024
Author: Daniel Slater, CFA
Pages: 5

ITM has announced a new 500MW capacity reservation agreement with a global industrial customer, expected to be used for projects in Europe and the USA. The new agreement runs until the end of 2028, and follows the announcement in December of a similar agreement for 100MW with Shell for its Refhyne 2 project in Germany, itself expected to be executed over 2025 and 2026.