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Highlights:

  • ITM Power signs FEED agreement for Uniper’s 120MW Humber H2ub® project in the UK.
  • The company was selected as electrolyser supplier in May 2025 under UK HAR2 shortlist.
  • ITM to supply six 20MW PEM electrolysis modules; project targets 2029 operations

ITM Power plc (LSE: ITM) has signed the Front-End Engineering Design (FEED) contract for Uniper’s 120MW Humber H2ub® project, marking a key step in one of the UK’s most advanced hydrogen initiatives. This development follows the announcement on 8 May 2025 that ITM Power was selected as the electrolyser supplier for the project, which has been shortlisted under the UK government’s Hydrogen Allocation Round 2 (HAR2).

ITM Power designs and manufactures electrolysers using proton exchange membrane (PEM) technology. The company, established in 2000 and listed on the AIM market of the London Stock Exchange in 2004, focuses on producing green hydrogen using renewable electricity and water. The gas produced through this process is considered a zero-emissions alternative for industrial and energy sector decarbonisation.

The Humber H2ub® project represents a proposed large-scale electrolytic hydrogen production facility in the UK’s Humber region, an area known for its industrial activity and emissions intensity. The project is led by Uniper, an international energy company with operations across generation, storage, and trading. The FEED phase is a crucial step in project development, allowing for detailed engineering planning and cost estimation ahead of a Final Investment Decision (FID).

Under the current plan, ITM Power will supply six 20MW POSEIDON core PEM electrolysis process modules, totalling 120MW of installed capacity. These will be integrated into the project’s overall hydrogen production infrastructure. If the project receives a positive FID, construction would proceed with a target commissioning date in 2029.

While the signing of the FEED contract does not represent a financial close or final agreement on deployment, it signals continued momentum in project planning. It follows a broader trend of public and private sector efforts to establish domestic green hydrogen production capabilities in line with the UK’s net-zero targets.

Speaking about the agreement, ITM Power’s CEO Dennis Schulz commented that the Humber initiative reflects a shift in the sector from planning to project delivery. He noted that projects of this scale are increasingly seen as necessary to meet industrial decarbonisation goals, though execution remains dependent on FID outcomes and broader policy and economic conditions.

ITM Power has been positioning itself within the UK and European hydrogen supply chain through both modular product offerings and strategic partnerships. The company’s modular approach, including its POSEIDON platform, aims to simplify integration into industrial-scale hydrogen infrastructure.

The Humber H2ub® is one of several projects included in Hydrogen Allocation Round 2 (HAR2), a UK government scheme aimed at scaling up low-carbon hydrogen production through financial support mechanisms. Being shortlisted under HAR2 allows the project to proceed to the next stage of due diligence and potential funding allocation, subject to regulatory and investment reviews.

ITM Power continues to work on other initiatives in Europe and globally, with a focus on large-scale deployments where PEM technology can be applied to industrial use cases such as refining, steelmaking, chemical production, and power sector integration. However, the company, like many in the sector, remains subject to evolving project timelines and policy conditions affecting investment decisions in clean energy infrastructure.

ITM shares were trading 2.00 % lower at GBX 73.01 per share as of 23 June 2025.