ITM Power has confirmed that the 20MW notice to proceed announced in February relates to MorGen Energy’s West Wales Hydrogen project in Milford Haven, which has now reached final investment decision (FID).
The company tends to make very short announcements on project updates, but today’s news should certainly be encouraging for investors with the MorGen project among the first backed by the UK Government’s HAR1 hydrogen allocation round to hit FID.
ITM will supply its POSEIDON 20 MW core electrolysis process module for the plant, which is sited at the former Milford Haven Refinery and will serve industrial clusters across Milford Haven, Port Talbot, and wider Wales. Commissioning is targeted for 2028, with an expected output of around 2,000 tonnes of hydrogen per year.
Alongside the deployment, ITM has signed a ten-year long-term service agreement with MorGen Energy to provide ongoing maintenance and support once the plant is operational, adding a recurring revenue stream to the initial equipment sale.
Dennis Schulz, CEO of ITM Power, said: “The MorGen Energy West Wales project is an important milestone for green hydrogen in the UK, and we are proud that our technology will be at its core. Our partnership with MorGen Energy highlights our dedication to providing reliable, high-performance electrolysers that aid the UK’s industrial decarbonisation efforts.”
ITM Power shares were marginally higher on Wednesday.