ITM Power, a leading company in green hydrogen technology, announced a notable capacity reservation agreement with a major global industrial customer, securing 500MW of future production capacity for its advanced electrolyser stacks. The contract, extending until the end of 2028, includes provisions for future projects in Europe and the United States. While specific details of the agreement were not disclosed, the board expressed that this deal marks significant progress for ITM Power, guaranteeing a steady production pipeline and reinforcing its market presence in key regions. CEO Dennis Schulz emphasized the importance of close collaboration in unlocking competitive and successful green hydrogen projects, citing this agreement as a testament to the company's technology and reliability. This announcement comes following a previous capacity reservation agreement with Shell. As a result of this news, ITM Power's shares saw a significant increase, reflecting positive market sentiment towards the company's growth and potential in the renewable energy sector.