ITM Power has received a notice to proceed with supplying PEM electrolysers for a 20MW green hydrogen project after its unnamed customer took final investment decision.

Authorising the UK-based technology manufacturer to start work on the undisclosed project, the contract will now be added to ITM’s order backlog.

While the project’s location and end-use have not been revealed, the company said it expects to announce further details towards the end of Q1 this year.

However, CEO Dennis Schulz described the project as “industrial-scale.”

It comes after the electrolyser makers reported its “strongest” six-month revenue performance while reducing losses and increasing its profitable contract backlog.