TIDMITM
RNS Number : 9985I
ITM Power PLC
27 March 2018
27 March 2018
ITM Power plc
("ITM Power" or the "Company")
New Shell Fuelling Station Opened at Beaconsfield
ITM Power (AIM: ITM), the energy storage and clean fuel company,
notes the announcement by Shell that the hydrogen refuelling
station - the first 'under the canopy' in the UK - at Beaconsfield
Services on the M40 has opened today. This new hydrogen refuelling
station, situated at one of the busiest service stations in the UK,
will be fully owned and operated by ITM Power. The text of the
announcement by Shell is set out below:
SHELL AND ITM POWER BOOST UK HYDROGEN INFRASTRUCTURE WITH NEW
FUELLING STATION AT BEACONSFIELD
Beaconsfield site is UK's first 'under the canopy' Hydrogen
refuelling station
LONDON, UK, 27 March 2018 - Today, Shell has announced the
opening of a new hydrogen refuelling station at Shell Beaconsfield
in Buckinghamshire. Supplied by ITM Power, this opening follows the
launch of the first fully branded and public hydrogen refuelling
site in the UK at Shell Cobham in February 2017.
Situated at one of the UK's busiest service stations, Shell
Beaconsfield on the M40 will be the first site in the UK to bring
hydrogen under the same canopy as petrol and diesel, providing
drivers with a range of fuel choices to co-exist with traditional
transport fuels. The hydrogen is generated on-site using an
electrolyser that requires only water and electricity to generate
the hydrogen gas.
Hydrogen fuel cell electric vehicles convert hydrogen into
electricity to power the engine and produce only heat and water
when driven. They can travel up to 700 kilometres on a single tank
and can be refuelled in a few minutes.
Mike Copson, Hydrogen Business Development Manager at Shell,
said: "We're delighted to be opening a new refuelling site at Shell
Beaconsfield, demonstrating our ongoing commitment to hydrogen as a
vital part of the UK's future transport system. Bringing hydrogen
under the canopy for the first time is a fantastic step towards
making it a convenient and viable fuel choice for UK drivers."
The hydrogen station at Beaconsfield is the fifth hydrogen
refuelling site in the UK to be supplied by ITM Power and will be
the first to be opened as part of the H2ME project. The initiative
has been partially funded by the European Fuel Cells and Hydrogen
Joint Undertaking (FCH JU), and the UK's Office of Low Emission
Vehicles (OLEV).
Dr. Graham Cooley, CEO of ITM Power, said: "ITM Power is pleased
to open this new hydrogen station in Beaconsfield which is the
first to sit on the main forecourt, alongside the petrol and diesel
pumps. This shows a big step forward in offering Shell customers a
clean, green fuel, which is generated on-site, eliminating fuel
deliveries. We look forward to working alongside Shell to deploy
further stations and grow the hydrogen refuelling infrastructure in
the UK."
FCH JU Executive Director Bart Biebuyck said: "The FCH JU is
proud to see its support significantly boosting market entry of
hydrogen technologies for clean mobility. The opening of this new
station at the Beaconsfield forecourt proves that hydrogen is now
even more the fuel of the future, and is ready to offer an everyday
green solution to citizens. We need to continue building on these
achievements, and enable the transition towards a low-carbon
transport system."
Today's hydrogen station opening follows a number of recent
Shell initiatives to support the UK's transition to low-carbon
transport. These include the launch of Shell ReCharge, Shell's
on-forecourt rapid electric vehicle charging service; an agreement
with charging network operator IONITY to offer charge points across
ten European countries; and the acquisition of NewMotion, one of
Europe's largest electric vehicle charging networks.
-ends-
NOtes to EDITORS
FACTS ABOUT Hydrogen as a transport fuel:
-- Hydrogen fuel cell electric vehicles (FCEVs) can help reduce
emissions and address air pollution while offering convenience for
motorists.
o FCEVs are powered by electricity and only produce water
vapour, helping to improve local air quality.
o FCEVs do not produce CO2, or other harmful emissions from
their tailpipe.
o Hydrogen technology has potential to store energy easily.
o Energy is stored in compressed hydrogen fuel, rather than in a
battery.
-- In the longer term, hydrogen in transport can help reduce
well-to-wheel CO2 emissions from the transport sector if the
electricity that creates the hydrogen is generated by renewable
technologies such as wind or solar.
-- For hydrogen electric transport to succeed, vehicle
manufacturers, fuel suppliers and governments need to work
together. There is a need for more hydrogen vehicles to be
available as well as sufficient refuelling infrastructure to
attract customers. Businesses also require incentives to build this
infrastructure.
SHELL AND HYDROGEN:
-- In addition to two hydrogen sites in the UK, Shell has a
growing number of hydrogen sites in California, and is part of a
joint venture in Germany which aims to open a network of up to 400
hydrogen sites by 2023. Shell is also assessing the potential of
future projects in the United States, Canada, Switzerland, Austria,
France, Belgium, Luxembourg and the Netherlands.
-- Shell is a founding member of the Hydrogen Council, announced
at Davos in January 2017, comprising energy companies, OEMs and
technology partners with a collective pledge to accelerate
investment in the development and commercialisation of the hydrogen
and fuel cell sectors.
For further information please visit www.itm-power.com or
contact:
ITM Power plc
Andy Allen, CFO +44 (0)114 244 5111
Investec Bank plc (Nominated Adviser and
Broker)
Corporate Finance: Jeremy Ellis / Jonathan
Wynn
Corporate Broking: Chris Sim / Rob Baker +44 (0)20 7597 5970
Tavistock (Financial PR and IR)
Simon Hudson / James Collins +44 (0)20 7920 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. The Company received GBP4.9m as a
strategic investment from JCB in March 2015. The Company signed a
forecourt siting agreement with Shell in September 2015. The
Company currently has GBP33.3m of projects under contract and a
further GBP5.5m of contracts in the final stages of negotiation
constituting a total backlog of GBP38.9m (subject to exchange rate
variation).
About the FCH JU
The Fuel Cells and Hydrogen Joint Undertaking (FCH JU) is a
unique public-private partnership supporting research,
technological development and demonstration activities in fuel cell
and hydrogen energy technologies in Europe. Its aim is to
accelerate the market introduction of these technologies, realising
their potential as an instrument in achieving a carbon-lean energy
system. The three members of the FCH JU are the European
Commission; the fuel cell and hydrogen industries, represented by
the NEW industry grouping; and the research community, represented
by research grouping N.ERGHY. http://www.fch.europa.eu/
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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