ITM Signs 200MW Electrolyser Deal
The title of this post, is the same as that of this article on renews.biz.
This is the sub-heading.
Agreements with Linde Engineering will be for installation at RWE’s GET H2 Nukleus project in Germany
These paragraphs outline the deal.
ITM Power has signed two contracts for electrolysers, totalling 200MW, which will be installed in green hydrogen plants in Germany that will be supplied by North Sea offshore wind.
The contracts, both with Linde Engineering, are each for 100MW of PEM electrolysers.
The machines will be installed at two plants operated by RWE in Lingen, Germany.
Note.
- Linde Engineering and ITM Power were preselected by RWE for these orders.
- ITM Power seem to be going through scale-up problems.
But the comments in the article and the orders, surely show that ITM Power is now more likely to recover.
The Anonymous Widower 
Hydrogen is the only known clean fuel for mobile transport applications but currently its way off being cost effective and probably never will be but the bigger issue is unless its produced by green energy whats the point of it. Something the UK govt should be pushing is for electrolysers to be embedded within the grid to at least take advantage of days when we have excess generation or to be truthful when our transmission system cant move it. So today we’ve had good wind output but already nearly 31GWh of it has been constrained off the system that could have electrolysed quite a few kg of water for hydrogen.
As for ITM burnt through 40m of cash and without Linde would be dead in the water but they clearly have the faith and im surprised they haven’t bought them out.
Comment by Nicholas Lewis | January 31, 2023 |
Given that the new CEO of ITM had a Management role at Linde Engineering before being announced as the replacement for Graham Cooley and that the German Linde Group has invested so significantly in ITM, I’m not exactly surprised. Would Linde want to buy out ITM, why would they when they probably already have sufficient influence over the business without committing further funds. As things stand it also gives Linde the freedom to work with other producers of electrolysers as they recently did in North America.
Comment by fammorris | January 31, 2023 |