05:17 AM EDT, 10/12/2026 (MT Newswires) -- ITM Power's (ITM.L) subsidiary Hydropulse agreed to heads of terms with an unnamed European oil refinery to develop a 150-megawatt green hydrogen project. Under the 10-year agreement, Hydropulse will build, own, and run the plant using the London-listed green hydrogen electrolyzer manufacturer's Alpha electrolyzers, while the refinery will supply land and power, according to a Monday filing. A final investment decision is expected in 2027, with hydrogen production expected to start in 2029.

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