UK-based ITM Power has secured a contract with an undisclosed European energy company to develop a 10 MW green hydrogen production plant. The plant will utilize ITM's NEPTUNE V electrolyzer systems and TRIDENT stacks for cost-efficient large-scale hydrogen production. This partnership aims to implement the design in multiple UK projects, strengthening the country's hydrogen economy. ITM Power's CEO expressed confidence in NEPTUNE V's leadership position and the rapid project deployment capabilities. The company also achieved a breakthrough by reducing iridium loading, enhancing the sustainability of their technology. Additionally, ITM is progressing with the CHRONOS stack platform development to improve electrolyzer efficiency. ITM Power's commercial partnerships are expanding, including a 500 MW capacity reservation agreement with a global industrial customer and being selected as the preferred PEM electrolyzer supplier by Hygen Energy. Internationally, ITM collaborated with Sumitomo Corporation to install a NEPTUNE electrolyzer in Japan, marking its entry into the Japanese hydrogen market. Through innovation and partnerships, ITM Power remains at the forefront of green hydrogen production, contributing to a sustainable energy future.