ITM has signed a 500-MW capacity reservation with a global industrial customer. This reservation secures future production capacity for the manufacturing of our state-of-the-art electrolyzer stacks.

The agreement covers the period until the end of the 2028 calendar year and foresees call-offs against future projects in Europe and the U.S. The two companies have agreed not to disclose further contract details at this stage.

Dennis Schulz, CEO ITM said, "Today's announcement is a great example of how close collaboration will unlock competitive and successful green H₂ projects. Following the already announced capacity reservation for 100 MW from Shell, this agreement with yet another large-scale industrial customer is a validation of our technology and credibility to deliver."