Business
ITM Power releases POSEIDON 20MW module
ITM Power releases POSEIDON 20MW module.
About this update from Itm Power Plc
[{"type":"text","content":"\n\n17 August 2023\n \n \n \n \n \n \n \n \nITM Power PLC\n \nITM Power releases POSEIDON, our new cutting-edge 20MW module\n \nITM is excited to announce the release of POSEIDON, our new cutting-edge 20MW core electrolysis process module. Engineered by ITM incorporating real-world lessons learned from commercial projects, this standardised module with optimised footprint is replicable for scaling up into large-scale plants.\nPOSEIDON consists of skid-mounted units which can be pre-fabricated and pre-tested. This reduces deployment timelines and construction costs, and de-risks projects.\nThe module is based on ITM's state-of-the-art stack technology, is suitable for both indoor and outdoor installation, and can be efficiently integrated into the balance of plant.\nPOSEIDON is now available and we have started bidding the module into commercial projects.\nDennis Schulz, CEO, said: \"Green hydrogen project sizes continue to scale, and ITM is responding with a new product release. POSEIDON is a game-changer for large-scale electrolyser deployments.\"\nFor further information please visit www.itm-power.com or contact:\n \n\n\n\n\nITM Power PLC\n\n\n\n\n\n\n\nJustin Scarborough, Head of Investor Relations\nJames Collins, Head of Corporate Affairs\n\n\n+44 (0)114 551 1080\n+44 (0)114 551 1205\n\n\n\n\n\n\n\n\n\n\n\n\nInvestec Bank plc (Nominated Adviser and Broker)\n\n\n+44 (0)20 7597 5970\n\n\n\n\nJames Rudd / Chris Sim / Ben Griffiths\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n \nAbout ITM Power PLC:\nITM Power was founded in 2000 and ITM Power PLC was admitted to the AIM market of the London\nStock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures\nelectrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.\n \n \n \n-ends-\n\n","length":5652,"tagName":"div"}]