ITM Power PLC, based in Sheffield, England, announced its first contract for the Neptune V electrolyser in Germany. The contract was signed with Guttroff GmbH, a German provider of gases and engineering solutions. The Neptune V is a 5 megawatt containerised electrolyser plant known for its efficient hydrogen production capacity. Guttroff GmbH, as part of the Bavarian electrolyser subsidy program, received EUR5 million to kickstart domestic green hydrogen production. The Neptune V from ITM will be used to provide green hydrogen to a planned refuelling station. The Chief Executive of ITM, Dennis Schulz, expressed delight in being selected by Guttroff for this green hydrogen project and highlighted the positive reception of the Neptune V technology in the market. The shares of ITM were up following this announcement, reflecting the growing interest in sustainable hydrogen solutions.