ITM Power PLC has been awarded a front-end engineering design (FEED) contract for a 50 megawatt green hydrogen production site in the European Union. This contract, granted by an undisclosed experienced green hydrogen plant developer, will see ITM Power playing a key role as the technology provider. The project, located in Sheffield, England, is set to utilize ITM Power's Neptune V units, with the aim of producing approximately 5,000 tonnes of green hydrogen annually starting from the second half of 2027. This sustainable production will cater to local industries, promoting the use of green energy. The FEED contract is anticipated to pave the way for a final investment decision for the entire project by 2025. ITM Power's CEO, Dennis Schulz, expressed excitement about the partnership, emphasizing the company's belief in the growing potential of mid-sized green hydrogen projects. The market response to this news was positive, with ITM Power's shares increasing by 1.1% following the announcement.