ITM Power receives €5m award to study offshore hydrogen production with Orsted, Siemens Gamesa

  • Jan 08, 2021
  • Stock Market Wire

StockMarketWire.com - Clean fuel company ITM Power said a consortium, which includes the company, had received a €5m award to study the production of green hydrogen offshore.

The consortium - consisting of ITM Power, Orsted, Siemens Gamesa Renewable Energy, and Element Energy - would investigate a combined wind turbine and electrolyser system designed for operation in marine environments.

The consortium would develop and test a megawatt-scale fully marinised electrolyser in a shoreside pilot trial.

The project, which is planned to start in 2021 and run to the end of 2024, would be coordinated by Element Energy.

At 8:44am: [LON:ITM] Itm Power PLC share price was 0p at 293p

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