Under the new partnership, ABO, which has developed 6.6GW of renewables, will provide Hydropulse with project development support from contacts to industrial offtakers and a portfolio of selected pre-developed projects.

The pair will focus on developing plants on or near end-user sites for Hydropulse to build, own, and operate. Early efforts will be on Spain and Finland, which both offer some of the cheapest renewable power in Europe.

“Promising initial projects with an imminent customer need for green hydrogen have already been identified,” a statement said.

ITM launched Hydropulse in June to offer current industrial hydrogen users a molecule supply service “without” capex or technology risk.

The business will build, own, and operate green hydrogen plants based on ITM technology and provide hydrogen through long-term offtake agreements – mirroring the business model that underpins large-scale industrial gas projects.

“With ABO Energy’s access to sites and end-users, we can realise projects faster and turn our technology into recurring revenues,” claimed ITM CEO Dennis Schulz.

He stressed that the partnership created a “pragmatic route” to help industry cut emissions.

Karsten Shlageter, Managing Director of ABO, added, “It’s a breakthrough moment for many hydrogen projects.

“Many of our projects are already developed to a stage where we can move quickly when the offtake is committed… This collaboration allows us to fast-track projects and deliver real value for industry.”

It comes as Hydropulse’s second such partnership, after it announced plans to work with Eternal Power to “unlock stalled green hydrogen projects in Germany.

The new business offers ITM a chance to sell more of its technology and bolster its balance sheet with reliable, predictable molecule sales.