ITM Power PLC Upgrade to M1 Hydrogen Refuelling Station
22 September 2016 - 4:01PM
RNS Non-Regulatory
TIDMITM
ITM Power PLC
22 September 2016
22 September 2016
ITM Power plc
("ITM Power" or the "Company")
Completion of Upgrade to M1 Hydrogen Refuelling Station
ITM Power (AIM: ITM), the energy storage and clean fuel company,
is pleased to announce the completion of the 700 bar upgrade to the
M1 Rotherham hydrogen refuelling station (HRS) funded by The UK
Government, Office of Low Emission Vehicles (OLEV).
On 28 March 2015 the company announced that it had been awarded
a total of GBP2.89m by the HRS infrastructure Grants Scheme, run by
OLEV. The award was to build two new HRS in London, sited with
strategic partners and for the upgrading of four existing ITM Power
refuelling stations including the M1 Rotherham HRS. The HRS,
originally funded by Innovate UK, is located at the Hydrogen Mini
Grid at the Advanced Manufacturing Park in Rotherham just of J33 of
the M1, close to the junction with the M18. The HRS is an important
strategic part of the UK hydrogen infrastructure enabling vehicles
from London to access the North of England.
Using the existing electrolyser to generate hydrogen from an
on-site wind turbine, the original 350 bar dispenser has been
upgraded to a new BOC/Linde system capable of dispensing hydrogen
at both 700 and 350 bar. The higher pressure of 700 bar satisfies
the requirements of a broader range of vehicles and enables fuel
cell electric vehicles such at the Toyota Mirai and Hyundai ix35 to
achieve their full driving range of over 300 miles. New and
existing customers will also benefit from automated payment
facilities.
Following site preparation, the joint commissioning teams of ITM
& BOC/Linde completed commissioning in a period of two weeks.
Focus has now shifted to the Centre for Engineering and
Manufacturing Excellence in Rainham, where equipment is undergoing
commissioning ahead of the official opening on the 11 October.
ITM Power CEO, Dr. Graham Cooley, said: "The M1 hydrogen
refuelling station is a flagship green hydrogen station which has
an important strategic role serving the Northern M1 corridor. This
important upgrade strengthens our developing portfolio of hydrogen
refuelling infrastructure and forms an important part of the UKs
hydrogen roll out."
For further information please visit www.itm-power.com or
contact:
ITM Power plc +44 (0)114 244
Graham Cooley, CEO 5111
Zeus Capital
Andrew Jones / Dan Bate +44 (0)20 3829
/ Hugh Kingsmill Moore 5000
Tavistock +44 (0)20 7920
Simon Hudson / James Collins 3150
About ITM Power plc
ITM Power manufactures integrated hydrogen energy solutions
which are rapid response and high pressure that meet the
requirements for grid balancing and energy storage services, and
for the production of clean fuel for transport, renewable heat and
chemicals. ITM Power plc was admitted to the AIM market of the
London Stock Exchange in 2004 and is a founder member of the Social
Stock Exchange. The company received GBP4.9m as a strategic
investment from JCB in March 2015; signed a forecourt siting
agreement with Shell in September 2015 and a fuel agreement with
Toyota in October 2015. The Company currently has GBP16.00m of
projects under contract and a further GBP2.08m of contracts in the
final stages of negotiation constituting a total pipeline of
GBP18.08m (subject to exchange rate variation).
www.itm-power.com
About OLEV
The HRS Infrastructure Grants Scheme was launched on the 2
February 2015 by the Office for Low Emission Vehicles (OLEV) to
support roll out of hydrogen infrastructure networks in the UK with
the specific aim of encouraging the introduction of Hydrogen Fuel
Cell Electric Vehicles (FCEVs). The HRS Infrastructure Grants
Scheme will provided grant funding for selected infrastructure
projects seeding development of hydrogen for road transport in the
UK.
About Innovate UK
Innovate UK is the UK's innovation agency; working with people,
companies and partner organisations to find and drive the science
and technology innovations that will grow the UK economy. The
organisation works to determine which science and technology
developments will drive future economic growth; meet UK innovators
with great ideas in the fields we're focused on funding the
strongest opportunities; connect innovators with the right partners
they need to succeed help our innovators launch, build and grow
successful businesses. Since 2007 we have invested over GBP1.5
billion in innovation, matched by a further GBP1.5 billion in
partner and business funding. We have helped more than 5,000
innovative companies in projects estimated to add GBP7.5 billion to
the UK economy and create 35,000 extra new jobs.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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