UK-based electrolyzer manufacturer ITM Power has entered a partnership with an undisclosed European energy company to collaborate on the design of a 10 MW green hydrogen production plant. This project will utilize ITM's NEPTUNE V plug-and-play 5 MW containerized electrolyzer systems, featuring self-pressuring 30-bar TRIDENT stacks known for their efficiency and reliability. ITM Power's CEO, Dennis Schulz, highlighted the significance of this agreement, emphasizing the rapid deployment capabilities of the 10 MW configuration across the UK. The company has recently achieved a technical milestone by reducing iridium loading by 40% without compromising stack performance, signaling progress in electrolyzer technology. Moreover, ITM Power's development of the CHRONOS stack platform is on track, promising various technological enhancements. The company's success extends to securing a 500 MW capacity reservation with a global industrial customer and becoming a preferred supplier of PEM electrolyzers for hydrogen projects with Hygen Energy in the UK and Europe. Additionally, ITM Power, in collaboration with Sumitomo Corporation from Japan, has delivered and installed a NEPTUNE electrolyzer at Tokyo Gas' Yokohama Techno Station, showcasing its global reach and partnerships in the hydrogen sector.