Business
NEPTUNE II contract with a cement producer
NEPTUNE II contract with a cement producer.
About this update from Itm Power Plc
[{"type":"text","content":"\n\n9 May 2025\n \nITM Power PLC\n \nNEPTUNE II contract with a cement producer\n \nITM Power is pleased to announce that we have signed a contract to supply a NEPTUNE II unit to a leading Spanish cement producer.\nNEPTUNE II is our fully autonomous 2MW electrolyser system. Supplied with power conversion and incorporating all necessary balance of plant, the green hydrogen plant can be readily deployed as a complete package.\nThe NEPTUNE II unit will be deployed in the cement production process, where green hydrogen will be mixed with natural gas in the cement kiln, thereby reducing CO2 emissions.\nWith the shorter lead times for our NEPTUNE II containers, we expect to recognise the associated revenue for this contract in FY26.\nDennis Schulz, CEO, said, \"We are delighted that a well-established cement producer has chosen ITM for this project. This will be ITM's first system deployment in the cement industry, which, according to the International Energy Agency, accounts for around 8% of global CO2 emissions.\"\nFor further information, please visit www.itm-power.com or contact:\n\n\n\n\nITM Power PLC\n\n\n \n\n\n\n\nJustin Scarborough, Head of Investor Relations\n \n\n\n+44 (0)114 551 1080\n\n\n\n\nBerenberg\n\n\n \n\n\n\n\nCiaran Walsh, Harry Nicholas\n \n\n\n+44 (0)20 3207 7800\n\n\n\n\nJ.P. Morgan Cazenove\n\n\n \n\n\n\n\nRichard Perelman, Charles Oakes\n\n\n+44 (0) 20 7742 4000\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 Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs and manufactures electrolysers based on proton exchange membrane (PEM) technology to produce green hydrogen, the only net zero energy gas, using renewable electricity and water.\n\n","length":4271,"tagName":"div"}]