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ITM Power Secures Key Contract for Norwegian Hydrogen Hub

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ITM Power Secures Key Contract for Norwegian Hydrogen Hub

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An update from ITM Power ( (GB:ITM) ) is now available.

ITM Power has secured a contract to provide four NEPTUNE V units, totaling 20MW, to La Française de l’Energie for the Hydrogen Hub Agder project in Norway. This facility will serve the maritime industry with green hydrogen, starting operations in 2026, and signifies a strategic foothold in the Nordic green hydrogen market.

More about ITM Power

ITM Power PLC, founded in 2000 and listed on the AIM market of the London Stock Exchange in 2004, is a company based in Sheffield, England. It specializes in designing and manufacturing electrolysers using proton exchange membrane (PEM) technology to produce green hydrogen from renewable electricity and water.

YTD Price Performance: -1.96%

Average Trading Volume: 2,761,141

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £227.1M

For an in-depth examination of ITM stock, go to TipRanks’ Stock Analysis page.

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