ITM Power Shares Rise: Secures 710 MW German Energy Infrastructure Projects

ITM Power (LON: ITM) has been selected as the technology partner for two significant energy infrastructure projects in Germany, totaling 710 MW of electrolyser capacity, a move that could significantly impact the company's market position and stock performance.

ITM Power shares have risen more than 6% on the news.

Stablegrid Group has chosen ITM Power to supply the electrolyser technology, crucial for grid balancing and expanding hydrogen production capacities in line with Germany's renewable energy goals.

These projects are geared towards stabilising the power system and utilising underground caverns for hydrogen storage, addressing the discrepancies between electricity supply and demand through a “predispatch” system.

The “Netzbrücke” (grid bridge) concept aims to reduce “redispatch,” an intervention costing German taxpayers €2-3 billion annually. By reducing these costs and utilising surplus energy, the “complementary hybrid redispatch” system, or “predispatch,” promises substantial cost savings.

The first project, “Netzbrücke 410” in Rüstringen, will see ITM Power supply a 30 MW green hydrogen production plant based on its NEPTUNE V containerised electrolysers, including integration works. Stablegrid Group anticipates a final investment decision (FID) in 2026 and has reserved ITM production capacity accordingly.

The second project involves a substantial 680 MW of indoor electrolyser capacity. Pre-FEED work between Stablegrid and ITM Power is scheduled to begin in January 2026, with the FID expected in 2028.

Dennis Schulz, CEO of ITM Power, stated, “Partnering with Stablegrid on these landmark grid balancing projects in Germany reinforces ITM's position at the forefront of the energy transition in Europe's largest economy.”

Oliver Feller, Member of the Management Board of Stablegrid Group, added, “With ITM Power, we have a strong and experienced partner at our side who brings the technical expertise and excellence required to implement system-stabilising hydrogen projects of this magnitude reliably.”