Strategic Agreement

8 March 2010

ITM Power Plc

("ITM Power" or "the Company")

Agreement with Ballast Nedam Sustainablity Services

ITM Power (AIM: ITM), the energy storage and clean fuel company, is delighted to announce that it has signed a Memorandun of Understanding with Ballast Nedam Sustainability Services B.V. ("B-N") part of the Ballast Nedam Group, a Dutch construction and infrastructure development company, of Ringwade 71, 3439 LM Nieuwegein, Netherlands, for the exclusive provision of hydrogen energy systems for the the "Autarc"(autonomous floating office). ITM will contribute its design and technology expertise to the Autarc project to produce a self contained clean energy system. Ballast Nedam and ITM will seek to apply such solutions in the domestic built environment and Ballast Nedam will have exclusive rights to do so in the Benelux group of countries.

Dr Graham Cooley, CEO ITM Power commented; "The agreement with Ballast Nedam Sustainability Services provides ITM with an excellent opportunity to show case its energy storage and clean fuel technology in an "off-grid" situation. The Autarc, will be sited at various locations around the world, to demonstrate the virtues of a green office or green home environment based on hydrogen technology. ITM Power and Ballast Nedam will in addition be addressing the application of zero-carbon sustainable domestic buildings within the Benelux group of countries".

"Ballast Nedam is a major player in infrastructure and construction projects in the Netherlands and we look forward to providing expertise to add value to the sustainable proposition of their projects."

Mr Ron Von Wilk, Director of Ballast Nedam Sustainability Services, stated "We are very pleased to be working with ITM Power and their unique energy storage, clean fuel technology that enables renewable sources of energy, such as solar or wind, to be used for power, heating or cooking using green hydrogen, whenever needed.

Ron added, "ITM's technology, combined with Ballast Nedam's building design and construction expertise in deploying state of the art energy conservation methods, is just what is needed in order to enable buildings to become zero carbon for energy. We believe the Autarc project will mark the beginning of a very rewarding partnership for both companies in delivering truly world beating sustainable, zero carbon building solutions."

The Autarc http://www.autarc.nl/show/en/home

The Autarc is an architecturally highly advanced houseboat / floating office that is a hundred percent self-sustaining in both its water and electrical requirements. This highly ambitious pilot project sets both an example and a new standard in the field of environmental care (our aim: an "outstanding" Breeam-score).

Not a single compromise is made in aesthetics or user comfort, quite the contrary! The Autarc proves that living and working on the water in exceeding style and comfort is possible even without being connected to external water, electricity and sewage systems.

Notes to Editors:

Ballast Nedam is a Dutch group of companies which offers a wide range of products and services related to construction and infrastructure development. Ballast Nedam Sustainability Services delivers sustainable total solutions in the built environment, by offering an integrated blend of specialties and operations in all phases of the construction process. This includes the use of a results-oriented sustainability policy. http://www.ballast-nedam.nl/

ITM Power has developed a range of materials and technology to reduce the cost of hydrogen production. The company is developing equipment to convert renewable energy to a clean fuel; storing the energy as green hydrogen for decarbonising transport, industrial and residential applications. ITM is showcasing its products for the first time at the Hanover Messe on 19th -23rd April 2010. www.itm-power.com

For further information please visit www.itm-power.com or contact: