ITM Power: Grant Award in Germany for the SINEWAVE project

January 10, 2022

ITM Power plc

(“ITM Power” or the “Company”)

Grant Award in Germany for the SINEWAVE project

ITM Power GmbH has received a grant of 1.95 million euros for the SINEWAVE project, under the flagship hydrogen project of the German Federal Ministry of Education and Research (BMBF) H2Giga which focuses on technological development for the mass production and industrialization of electrolysis systems. . The project runs until March 2025 and this is the first time that ITM Power has accessed German federal funding.

The SINEWAVE project brings together the scientific and technical skills necessary to fill research gaps in the field of mass production of electrolysis systems. The research project is dedicated to the exploration of process engineering, materials science and numerical sub-disciplines in order to make a significant contribution to the construction of efficient integrated systems of proton conductive membrane electrolysis (PEM ) on a large scale that will be able to produce large amounts of green hydrogen cost effectively in the future. The project thus contributes to the achievement of decarbonization in German industry.

The consortium partners are:

• Linde GmbH (project coordinator)

• ITM Linde Electrolysis (ILE) GmbH,

• ITM Power GmbH,

• Helmholtz-Zentrum Dresden Rossendorf, Institute for Fluid Dynamics

• Technical University of Dresden, Institute of Process Engineering and Environmental Technology

• Technical University of Munich, Institute for Plant and Process Technology

ITM Power GmbH will focus on the following key aspects:

• Education and training of experts in the field of installation, maintenance and operation of large-scale efficient electrolysers

• Researched safety training programs for customers and technical staff to ensure safe plant operations

• Develop live monitoring and reporting of operational electrolyser systems

• Development of improved reliability, availability and maintenance systems for electrolysers

• Develop a robust supply chain for large-scale deployments

ITM Power CEO Dr Graham Cooley said: “Our German subsidiary and its management team have joined in the discussions and debates on hydrogen in this country. Our participation in the SINEWAVE project, funded by the federal government, confirms our place in Germany’s hydrogen strategy. I congratulate the ITM Power GmbH team.

For more information, please visit www.itm-power.com or contact:

ITM Power plc
James Collins, Investor Relations +44 (0) 114 551 1205
Justin Scarborough, Investor Relations +44 (0) 114 551 1080

Investec Bank plc (advisor and appointed broker)
+44 (0) 20 7597 5970 Jeremy Ellis / Chris Sim / Ben Griffiths

Tavistock (Financial PR and IR)
+44 (0) 20 7920 3150 Simon Hudson / David Cracknell / Tim Pearson

About ITM Power plc:

ITM Power manufactures integrated hydrogen energy solutions for grid balancing, energy storage and renewable hydrogen production for transportation, renewable heat and chemicals. ITM Power PLC was admitted to the AIM market of the London Stock Exchange in 2004. In October 2019, the company announced that it had completed a fundraising of £ 58.8million, including an investment of £ 38million. pounds sterling by Linde, as well as the formation of a joint venture to supply renewable hydrogen to large-scale industrial projects around the world. In November 2020, ITM Power finalized a fundraising of £ 172million, including a £ 30million investment by Snam, one of the world’s leading energy infrastructure operators. In January 2021, the company received an order from Linde for the world’s largest 24 MW PEM electrolyser. In October 2021, the Company, together with Linde, announced the deployment of a 100 MW electrolyser at Shell’s refinery in the Rhineland, following the start-up of a first 10 MW installation on the site. In November 2021, ITM Power raised £ 250million to accelerate its expansion.

ITM Power operates from the world’s largest electrolyzer plant in Sheffield with a capacity of 1 GW (1000 MW) per year, with the stated intention to build a second UK Gigafactory in Sheffield with a capacity of 1 , 5 GW which should be fully operational by the end of 2023. The Group’s first international installation, which should have a capacity of 2.5 GW per year, should be operational by the end of 2024, bringing the total capacity of the Group to 5 GW per year. Customers and partners include Sumitomo, Ørsted, Phillips 66, Scottish Power, Siemens Gamesa, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, GNVert, National Express, Toyota, Hyundai and Anglo American, among others.

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