RWE AG, one of Europe’s top renewable energy powerhouses, just reserved 150 MW of Neptune V PEM electrolysers from ITM Power PLC. Backed by EU initiatives like IPCEI Hy2Tech and the H2Global auction system, these programs set price floors for green hydrogen and funnel billions into R&D and demo projects. If fully called, the roughly €150 million order gives ITM Power the financial muscle to scale up and chase bigger, more lucrative contracts. While details on the 30 Neptune V unit deployments are still under wraps, one thing’s clear: early commitments on electrolyser capacity are shaping up as a winning play in Europe’s green hydrogen race. As RWE and ITM Power navigate permits, secure financing and lock in offtake agreements, they’re sketching out the blueprint for a genuinely decarbonized industrial future.