ITM Power PLC Electrolyser Sale to Linde for H2Pioneer, Austria (8067V)
April 19 2021 - 1:00AM
UK Regulatory
TIDMITM
RNS Number : 8067V
ITM Power PLC
19 April 2021
19 April 2021
ITM Power PLC
("ITM Power" or the "Group" or the "Company")
Electrolyser Sale to Linde for H2Pioneer in Austria
First project in Austria and first in the semiconductor
industry
ITM Power is pleased to announce the sale of an HGas3SP (2MW)
electrolyser and supporting equipment to partner Linde plc for the
H2Pioneer project in Austria. One of the main goals of the
H2Pioneer project is demonstrating the production of green hydrogen
on-site to be used in semiconductor production, mostly replacing
the supply of liquified hydrogen delivered in trailers.
The HGas3SP (2MW) electrolyser system will not only produce
green hydrogen - after further purification by Linde the hydrogen
produced will be ultra-pure, for semiconductor manufacture. This is
an industry that Linde understands very well and for which it has
numerous existing customers worldwide. The use of electrolysis
simplifies downstream hydrogen purification and minimises delivery
logistics while helping to reduce carbon dioxide emissions from the
hydrogen supply chain.
Commenting, Dr Graham Cooley, ITM Power CEO said: "We are
delighted to announce this project, our first in Austria and our
first for the semiconductor industry. We will work very closely
with our key partner Linde and it is pleasing that this first sale
to Austria also takes us into a new industry."
For further information, please visit www.itm-power.com or
contact:
ITM Power plc +44 (0)114 551 1205
James Collins, Investor Relations
Investec Bank plc (Nominated Adviser
and Broker) +44 (0)20 7597 5970
Jeremy Ellis / Chris Sim / Ben
Griffiths
Tavistock (Financial PR and IR) +44 (0)20 7920 3150
Simon Hudson / Edward Lee / Tim
Pearson
About ITM Power plc
ITM Power plc manufactures integrated hydrogen energy solutions
for grid balancing, energy storage and the production of renewable
hydrogen for transport, renewable heat and chemicals. ITM Power plc
was admitted to the AIM market of the London Stock Exchange in
2004. In October 2019, the Company announced the completion of a
GBP58.8 million fundraising, including an investment by Linde of
GBP38 million, together with the formation of a joint venture with
Linde to focus on delivering renewable hydrogen to large-scale
industrial projects worldwide. ITM Power signed a deal to deploy a
10MW electrolyser at Shell's Rhineland refinery. In November 2020,
ITM Power completed a GBP172m fundraising, including a GBP30m
investment by Snam, one of the world's leading energy
infrastructure operators. ITM Power operates from the world's
largest electrolyser factory in Sheffield with a capacity of 1GW
(1,000MW) per annum. ITM Power received an order for the world's
largest PEM electrolyser of 24MW from Linde in January 2021. Other
customers and partners include Sumitomo, Ørsted, Phillips 66,
Scottish Power, Siemens Gamesa, Cadent, Northern Gas Networks,
Gasunie, RWE, Engie, GNVert, National Express, Toyota, Hyundai and
Anglo American among others.
-ends-
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