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.

ITM said its profitable contracts made up 71% of its backlog in January – up from 60% in April 2025 – as it works through unprofitable legacy deals.

The company also recently launched the Electrolysers for Europe coalition alongside five other competitors, calling on the EU to relax green hydrogen production rules, deliver demand signals, offer protection for domestic companies.