ITM Power Secures NEPTUNE II Contract with Leading Spanish Cement Producer

PUBLISHED: May 09 2025 @ 03:15 | Comments (0) | More info about Fiona Craig

ITM Power (LSE:ITM) has announced the signing of a contract to supply its NEPTUNE II electrolyser system to a major Spanish cement producer. This deployment represents ITM’s first foray into the cement industry, where the company aims to help reduce CO2 emissions by integrating green hydrogen with natural gas during the cement production process. Revenue from the project is expected to materialize in FY26, marking a significant step in ITM’s strategy to expand into high-carbon industries.

Despite the potential growth from such partnerships and project wins, ITM Power faces significant financial challenges, including ongoing profitability and cash flow issues. These concerns, along with valuation difficulties, continue to weigh on the company’s long-term prospects.

About ITM Power

Founded in 2000 and listed on the AIM market of the London Stock Exchange in 2004, ITM Power is headquartered in Sheffield, England. The company specializes in the design and manufacture of electrolysers based on proton exchange membrane (PEM) technology, which produce green hydrogen by utilizing renewable electricity and water.

Average Daily Trading Volume: 2,607,806
Technical Sentiment: Sell
Market Capitalization: £197.3 million

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