20 November 2013
ITM Power plc
("ITM Power" or "the Company")
Sale of Electrolyser Plant to UK Government Agency
ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has received its first order for an electrolyser plant from a UK Government Agency.
The electrolyser reference plant is based on ITM Power's HPac platform and the contract was won in a competitive tender process based on price, performance, compliance and delivery time-scale.
ITM Power, since completion and delivery of the Thüga plant in Frankfurt, currently has £4.2m of equipment being manufactured, funded by commercial sales and grant funded collaborative projects.
Dr Graham Cooley, CEO of ITM Power commented: "We are delighted to be chosen as the supplier of this plant which will constitute an important reference site for the UK government and other potential customers. The order is also another endorsement for ITM Power's technology and ability to deliver products to a competitive budget and challenging time-scale."
For further information, please visit www.itm-power.com or contact:
ITM Power plc Graham Cooley, CEO |
0114 244 5111 |
Zeus Capital Tim Metcalfe (Nominated Adviser) John Goold (Institutional Sales) |
020 7533 7727 |
Tavistock Communications Simon Hudson / James Collins |
020 7920 3150 |
About ITM Power plc
ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and raised its initial funding of £10m gross in its IPO. Further funding rounds of £28.5m in 2006, £5.4m in 2012 and £2m in 2013 have been completed. The Company has now made the transition from a research and development company to a product manufacturer and technology provider. The Company has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions. The Company has been successful in developing strategic industry partnerships in the following projects:
First Refuelling Station Sale in the US
http://www.itm-power.com/news-item/first-refuelling-station-sale-in-the-us/
ITM Power Joins Californian Hydrogen Business Council Hydrogen Energy Storage (HES) Program
http://www.itm-power.com/news-item/itm-power-joins-californian-hydrogen-business-council-hydrogen-energy-storage-hes-program/
German Energy Agency Power to Gas Strategy Platform
http://www.itm-power.com/news-item/itm-power-joins-german-energy-agencys-power-to-gas-strategy-platform/
Incorporation of ITM Power ApS Denmark
http://www.itm-power.com/news-item/incorporation-of-itm-power-aps-in-denmark/
Participation in H2USA
http://www.itm-power.com/news-item/participation-in-h2usa/
Participation in North Sea Power-to-Gas Platform
http://www.itm-power.com/news-item/participation-in-north-sea-power-to-gas-platform/
First Sale of 'Power-to-Gas' Plant in Germany
http://www.itm-power.com/news-item/first-sale-of-power-to-gas-plant-in-germany/
First Sale in Russia
http://www.itm-power.com/news-item/first-sale-in-russia/
First Sale in Japan
http://www.itm-power.com/news-item/first-sale-in-japan/
Electrolysis to play a key role in Hydrogen Roadmap for UK
http://www.itm-power.com/news-item/electrolysis-to-play-a-key-role-in-hydrogen-roadmap-for-uk/
CE Marking of Fuel Cell System for Materials Handling
http://www.itm-power.com/news-item/ce-marking-of-fuel-cell-system-for-materials-handling/
EU Funding for Advanced Refuelling Project
http://www.itm-power.com/news-item/e3-59m-grant-award-for-an-advanced-refueling-product/
AEG Power Solutions electrolyser integration with power electronics
http://www.itm-power.com/news-item/rapid-response-electrolyser-power-systems-integration/
DECC Funding Award for the Production of Synthetic Methane
http://www.itm-power.com/news-item/decc-funding-award-for-the-production-of-synthetic-methane/
EU Funding for PEM Fuel Cell Innovation - IMPACT
http://www.itm-power.com/news-item/eu-funding-for-pem-fuel-cell-innovation-impact/
Agreement with ABO Wind of Wiesbaden, Germany
http://www.itm-power.com/news-item/agreement-with-abo-wind-of-wiesbaden-germany/
Shell and National Grid Join Gas Inject Project
http://www.itm-power.com/news-item/shell-and-national-grid-join-gas-inject-project/
EcoIsland TSB Funding
http://www.fuelcelltoday.com/news-events/news-archive/2012/july/ecoisland-progresses-tsb-grant-awarded-for-isle-of-wight-integrated-hydrogen-project
700bar Dispensing Collaboration in Germany
http://www.itm-power.com/news-item/700bar-dispensing-collaboration-in-germany/
Marks & Spencer Pilot Materials Handling Fuel Cell Project
http://www.itm-power.com/news-item/ms-agreement/
UKH2Mobility with leading auto OEM's, UK Gov't and industrial gas companies
http://www.itm-power.com/about-itm/partners/?id=49
EcoIsland with Toshiba, IBM, Cable & Wireless, SSE and Southern Water
http://www.itm-power.com/about-itm/partners/?id=46
Boeing Unmanned Aircraft System Refueller
http://www.itm-power.com/news-item/agreement-with-boeing/
Electrolyser Distribution with Horizon Fuel Cells
http://www.horizonfuelcell.com/fuel_solutions_hbox.htm
CREO with Ford, Jaguar Land Rover and Johnson Matthey
http://www.itm-power.com/about-itm/partners/?id=45
Exclusive European distribution rights for Materials Handling Fuel Cells
http://www.itm-power.com/news-item/exclusive-european-distribution-rights-for-materials-handling-fuel-cells/
Sale of Equipment to EADS
http://www.itm-power.com/news-item/sale-of-equipment-to-eads/
EU Grant Award for PEM Water Electrolysers Coupled to Renewable Power Sources
http://www.itm-power.com/news-item/eu-grant-award-for-pem-water-electrolysers-coupled-to-renewable-power-sources/
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