ITM Power PLC (AIM:ITM) has been selected by Stablegrid Group to supply technology for two energy infrastructure projects in Germany with a combined capacity of 710 MW.
The projects will use electrolysers to support grid balancing by converting surplus renewable power into hydrogen stored in underground caverns.
The company said the first project, a 30 MW plant in Rüstringen, is expected to reach a final investment decision in 2026, with Stablegrid reserving production capacity.
"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," said chief executive Dennis Schulz:
A second project of 680 MW is planned to enter pre-FEED work in January 2026, with an investment decision targeted for 2028.
Stablegrid’s Oliver Feller, meanwhile, added that the partnership brings the expertise needed for large-scale hydrogen infrastructure.