ITM has announced another new contract award, the company’s third this week. This is for a single Neptune 2MW unit for a Spanish cement manufacturer. The Neptune 2MW is a complete standalone electrolyser system, including all the required power conversion and balance of plant equipment, and will be expected to provide hydrogen to displace natural gas in the cement making process. Lead times for the Neptune 2MW are shorter than other ITM products, meaning the company expects to recognise revenue ....
