Business
Launch of Hydropulse
Launch of Hydropulse.
About this update from Itm Power Plc
[{"type":"text","content":"\n\n25 June 2025\n \nITM Power plc\n \nLaunch of Hydropulse - Solving the Industrial Green Hydrogen Challenge\nITM Power, a global leader in electrolyser technology, is excited to announce the launch of Hydropulse GmbH, a wholly owned subsidiary based in Berlin, Germany. Hydropulse will build, own and operate decentralised green hydrogen production plants using ITM's modular NEPTUNE technology, with a focus on serving industrial customers under long-term offtake agreements.\nUnlocking Demand That Others Can't\nMany industrial green hydrogen projects across Europe are facing delays and challenges due to complexity, capital costs, bank financing, and technology risks. Hydropulse offers a simple, scalable solution: green hydrogen as a service, produced directly where it's needed with no capital expenditure, no technology risk, and no operational burden for the offtaker.\nHydropulse plants will be configured around the customer's molecule demand profile and operated via a remote operations centre. Customers retain power procurement or respective price indexation, reducing the market exposure of Hydropulse, and they guarantee long-term hydrogen offtake.\nBenefitting from direct access to ITM Power's market-leading electrolyser systems at highly competitive costs without unnecessary risk buffers or intermediaries, Hydropulse will be able to produce green hydrogen at an exceptionally low price point. This will unlock many projects that struggled to reach Final Investment Decision (FID).\nDesigned for Industry. Built to Scale\nThe Hydropulse business model is tailored for industrial users with dependable hydrogen needs - from mobility applications, chemicals and steel to food processing and refineries. Each project will be built around a guaranteed long-term offtake agreement. Targeted project sizes will be small to mid-size projects. The regional focus will initially be on Europe, specifically Germany, the UK, and the Nordics.\nPowering ITM's Next Phase of Growth\nHydropulse creates a new growth engine for the ITM Group, accelerating its path to profitability with a recurring, high-quality and predictable revenue stream, expanding the addressable market, improving factory utilisation, and creating shareholder value - all while preserving capital discipline.\nHydropulse is not pursuing merchant hydrogen markets, logistics, or ...