ITM Power sells electrolyser to partner Linde
ITM Power
50.45p
10:09 24/04/24
ITM Power announced the sale of an ‘HGas3SP’ 2MW electrolyser and supporting equipment to its partner Linde on Monday, for the H2Pioneer project in Austria.
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The AIM-traded firm said one of the main goals of the project was demonstrating the production of green hydrogen on-site to be used in semiconductor production, mostly replacing the supply of liquified hydrogen delivered in trailers.
It said the electrolyser system would produce green hydrogen, and after further purification by Linde, the hydrogen produced will be “ultra-pure” for semiconductor manufacture.
ITM Power said it was an industry that Linde understood “very well”, and for which it had a number of existing customers globally.
The use of electrolysis would simplify downstream hydrogen purification, and minimise delivery logistics while helping to reduce carbon dioxide emissions from the hydrogen supply chain.
“We are delighted to announce this project, our first in Austria and our first for the semiconductor industry,” said chief executive officer Dr Graham Cooley.
“We will work very closely with our key partner Linde and it is pleasing that this first sale to Austria also takes us into a new industry.”
At 0818 BST, shares in ITM Power were up 0.05% at 495.27p.