ITM Power (LSE:ITM) has entered a supply agreement with MorGen Energy for the 20MW West Wales Hydrogen project in Milford Haven, UK, marking a key step in the UK’s Hydrogen Allocation Round 1. The project will deploy ITM’s POSEIDON electrolyser platform, expected to commence by year-end, supplying industrial clusters and supporting green transport initiatives in Wales. This partnership highlights ITM Power’s leadership in green hydrogen and its potential to generate jobs, strengthen supply chains, and position Wales as a hub for the green hydrogen economy.
About ITM Power
Founded in 2000 and AIM-listed since 2004, ITM Power is based in Sheffield, England, and specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers for producing green hydrogen from renewable electricity and water. MorGen Energy, a Trafigura subsidiary, focuses on developing large-scale, cost-efficient hydrogen production, aiming to make clean hydrogen commercially viable.
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