UK-based ITM Power has today (May 9) launched a 5MW containerised PEM electrolyser plant, with a price tag of £4.35m ($5.4m).
Dubbed NEPTUNE V, ITM claims plant offers the “widest operation range” in its class all while being contained within the “smallest footprint per megawatt in the industry today.”
The £4.35m cost equates to £870/kW ($1,090/kW), compared to the $1,200-$2,000/kW for PEM systems estimated by a recent EY Parthenon report.
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