ITM Power PLC on Friday said it has signed its first contract for its Neptune V electrolyser in Germany.
The Sheffield, England-based company is a designer and manufacturer of electrolyser systems for green hydrogen production.
ITM revealed that its first contract for Neptune V is with Guttroff GmbH, a private German provider of solutions for technical and medical gases, welding supplies, and engineering.
Neptune V is a full-scope 5 milliwatt containerised electrolyser plant that provides highly efficient hydrogen production capacity.
The AIM-listed firm did not reveal the value of the contract, but said that as part of the Bavarian electrolyser subsidy program, Guttroff was awarded €5 million in funding earlier this year to initiate domestic production of green hydrogen in the area.
ITM said its Neptune will provide green hydrogen to a planned refuelling station.
Shares in ITM were up 4.9% at 41.42 pence on Friday morning in London.
ITM Chief Executive Dennis Schulz said: ‘We are delighted to have been chosen by Guttroff, a renowned gases company, to provide our best-in-class technology for their first green hydrogen project.
‘Since its launch just a few months ago, Neptune V has been very well received by customers, and we are excited about the level of interest’.
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