ITM Power sells MW-scale electrolyser to Sumitomo
ITM Power
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15:44 22/11/24
Energy storage and ‘clean fuel’ technology company ITM Power announced the sale of a 1.4MW electrolyser to Sumitomo Corporation on Thursday.
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The AIM-traded firm said the deployment would be used as an “important” reference plant for further sales in Japan through its partnership with Sumitomo.
It said it would be the first MW-scale electrolyser system it had deployed in Japan.
The ‘HGas2SP’ product would undergo modification to ensure hydrogen supply pressure was below 10 bar, to comply with Japan's High Pressure Gas Safety Act.
ITM Power and Sumitomo were set to continue a collaboration in business development, local compliance and after-sales support, ITM said, to ensure a “comprehensive” green hydrogen offering in Japan.
“Our partner Sumitomo continues to bring opportunities to ITM Power for evaluation and we are both working to identify synergies within the wider Sumitomo Corporation,” said chief executive officer Dr Graham Cooley.
“This project is an important reference deployment and we look forward to the execution phase of the project and further progress in the important Japanese market.”
At 1049 GMT, shares in ITM Power were up 3.02% at 443.51p.