ITM Power secures large ammonia customer

New deal with Yara grows the firm’s pipeline from 21MW a year ago to 86MW

UK electrolyser manufacturer ITM Power has secured a contract to construct a 24MW electrolyser for fertiliser firm Yara in Norway. The deal has taken the company’s contracted work from 62MW announced during its trading update in December last year to 86MW as of this month. A year ago, the firm had 21MW of contracted sales. “This 24MW deal is an important project for ITM,” said CEO Graham Cooley on an analyst call. “It is our first large-scale industrial ammonia electrolyser.” “All over the world we see opportunities” Cooley, ITM Currently, around 70-75mn t/yr of hydrogen is sold to the industrial sector globally, of which around 50pc goes to ammonia manufacturers. “Now we have a key refere