ITM Power has been chosen as the technology provider and awarded a front-end engineering design (FEED) contract for a 50MW green hydrogen production site by an undisclosed green hydrogen plant developer in the EU. The project involves the deployment of 10 NEPTUNE V units, each containing a 5MW electrolyser plant, with the aim of producing approximately 5,000 tonnes of green hydrogen annually starting from the second half of 2027. This initiative is expected to support local industries with sustainable hydrogen supply. ITM Power's CEO, Dennis Schulz, expressed enthusiasm for the project, noting the potential for growth in mid-sized green hydrogen ventures. The company's recent success in reducing iridium loading in its electrolyser products by 40% while maintaining performance signifies technological progress. Additionally, ITM Power secured a contract to supply a 5MW containerized PEM electrolyser to a German gases solution provider for a state-backed green hydrogen refueling project. These developments highlight ITM Power's role in advancing green hydrogen technology and its increasing presence in the European market.