New Agreement to Develop Green Hydrogen Energy Systems in the UK, Ireland and Germany.
ITM Power (AIM: ITM), the energy storage and clean fuel company announced today that it has signed an agreement with ABO Wind of Wiesbaden, Germany to identify and develop wind to hydrogen projects in the UK, Ireland and Germany.
ABO Wind initiates wind farm projects, acquires site locations, organises all technical and business planning, arranges international bank financing and delivers turnkey wind farms. To date, ABO Wind has connected more than 350 turbines with a total capacity of more than 600 megawatts through projects in the UK, Europe and Latin America. In addition to managing its own projects developed after commissioning, ABO Wind takes on the commercial and technical management of wind farms on behalf of international operators. ABO Wind manages 297 wind farms.
ITM Power GmbH Managing Director, Phil Doran, said:
ABO Wind is a market leader in Germany for turnkey wind power projects and is increasingly developing a strong presence in the UK. This is an ideal partnership for ITM Power to roll out green hydrogen energy systems. We are delighted to have found such a significant partner who shares our vision of wind power coupled to energy storage.
ABO Wind Head of Prototype Projects, Thomas Nietsch added:
ITM Power is gaining an international reputation in the area of hydrogen energy systems and we are looking forward to delivering some world-leading MW-scale projects together with our partner.
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