ITM Power Plc (ITM.L), an energy storage and clean fuel company, said on Thursday that it has signed a contract to supply four NEPTUNE V units, totaling 20 MW, to La Française de l'Energie SA, or FDE, an independent multi-energy producer.
The NEPTUNE V units will be deployed into the first phase of Norway's Hydrogen Hub Agder project, owned by Greenstat, a subsidiary of FDE, developing green energy production projects in Norway.
The 20 MW green hydrogen hub facility is expected to start production in late 2026.
The second phase is anticipated to be an additional 40 MW, which is planned to be launched in 2027.
NEPTUNE V is a full-scope 5MW containerized green hydrogen plant, which utilizes ITM's TRIDENT stack technology. It provides reliable, flexible, and highly efficient hydrogen production capacity and the industry's smallest footprint per MW.
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