TIDMITM
RNS Number : 0955Z
ITM Power PLC
16 September 2020
16 September 2020
ITM Power plc
("ITM Power", "the Group" or the "Company")
'Green Hydrogen for Scotland' to help reach net zero targets
First project to deliver a 10MW electrolyser to Glasgow
facility
A pioneering Strategic partnership has been established to
create new green hydrogen production facilities with clusters of
refuelling stations across Scotland, supporting the country's
efforts to achieve net zero by 2045. 'Green Hydrogen for Scotland'
- a partnership of ScottishPower Renewables, BOC (a Linde company)
and ITM Power - brings together industry-leading names in the
renewables and clean fuel industries to offer an end-to-end market
solution for reducing vehicle emissions through the provision of
green hydrogen.
The partnership's first project, 'Green Hydrogen for Glasgow',
is designed to provide carbon-free transport and clean air for
communities across the city, which wants to become the first
net-zero city in the UK.
A proposed green hydrogen production facility located on the
outskirts of the city will be operated by BOC, using wind and solar
power produced by ScottishPower Renewables to operate a 10MW
electrolyser, delivered by ITM Power. The project aims to supply
hydrogen to the commercial market within the next two years.
This project also supports the Scottish Government's
decarbonisation targets and Glasgow City Council's commitment to
creating a zero emissions vehicle fleet, using only electric and
hydrogen-powered vehicles by the end of 2029.
Hydrogen fuel - which is particularly suitable for larger
vehicles - is produced through a chemical process known as
electrolysis, using an electrolyser to extract hydrogen from water.
Powering the electrolyser from renewable sources like wind and
solar power means the process is completed without any carbon
emissions - making the hydrogen 'green'.
The new facilities planned by 'Green Hydrogen for Scotland' will
ensure the zero emission fuel is readily available to organisations
such as local authorities and others with fleets of heavy duty
vehicles.
Lindsay McQuade, CEO of ScottishPower Renewables said: "Making
transport cleaner and greener is one of the key issues at the heart
of how we can unlock net zero and achieve the ambitious climate
change targets set out at both regional and national levels over
the next 10-30 years.
" While electrification will play a significant role in taking
petrol and diesel vehicles off our roads and make an important
difference for the planet, it can only go so far, and we're doing
something about that. Our revolutionary approach - which really
will be a game-changer - fully supports the large scale
transformation needed to replace heavy diesel vehicles with
cleaner, greener alternatives.
"By working with industry leaders ITM Power and BOC to bring our
collective expertise together, we will maximise the potential of
this new technology to offer fleet operators and industry a
packaged solution that brings all of the pieces of the jigsaw
together - production, distribution, supply. All they have to do is
provide the vehicles. We have a huge opportunity here to bring net
zero ever closer for the benefit of everyone and support a better
future, quicker - and we will make it happen."
Mark Griffin, Market Development Manager for Clean Fuels at BOC
said: "Forward-thinking councils are putting green hydrogen at the
centre of their transport strategies to help achieve their net-zero
targets. We already operate Europe's largest hydrogen production
and refuelling site in Aberdeen and are looking forward to working
with councils across Scotland to develop more projects in
partnership with SPR and ITM Power."
Graham Cooley, CEO of ITM Power, commented: "This project
provides the opportunity to fulfil Scotland's rich potential for
the simultaneous decarbonisation of power and transport fuel. ITM
Power is proud to be participating in this project with our
strategic partners. The project and the 10MW electrolyser is
subject to an MoU at this stage and ITM Power will make a further
announcement regarding the final details of deployment.
"Green Hydrogen for Glasgow is an important step forward for the
city's net zero targets and enables Scotland to demonstrate that
its most densely populated urban areas can fully utilise its
abundant local renewable energy resources to decarbonise its
transport system and industry."
For further information please visit www.itm-power.com or
contact:
ITM Power plc
Graham Cooley, CEO +44 (0)114 244 5111
Investec Bank plc (Nominated Adviser and
Broker)
Corporate Finance: Jeremy Ellis
Corporate Broking: Chris Sim / Ben Griffiths +44 (0)20 7597 5970
Tavistock (Financial PR and IR)
Simon Hudson / Nick Elwes / Barney Hayward +44 (0)20 7920 3150
Hydrogen as a fuel - summary
Hydrogen is the most abundant element in the universe. It is
produced in a number of ways, which vary in efficiency, carbon
intensity and cost. Production methods include steam methane
reformation (SMR), as well as being a by-product from the chemicals
industry.
It is also possible to produce green hydrogen from electrolysis
using renewable energy. This process extracts hydrogen from water
with no emissions and is currently the only way to produce
zero-carbon hydrogen.
Hydrogen is stored as a compressed gas at the refuelling station
until its needed, when it is pumped into the vehicle under
pressure. One of the key benefits of hydrogen is that refuelling is
a fast and familiar process, which is similar to refuelling a
diesel vehicle. It takes around 10 minutes to refuel a bus, which
can cover a range of around 350km, and 5 minutes for a car enabling
a range of 500km.
There are zero emissions from the fuel-cell vehicle - just clean
water from the tail pipe - and they are virtually noiseless.
Hydrogen is a particularly suitable fuel for larger vehicles,
such as buses and trucks. It offers a much better vehicle
power-to-weight ratio than batteries, which makes it possible to
travel long distances without significantly increasing vehicle
weight.
Refuelling station infrastructure
There are four key components of a hydrogen refuelling
infrastructure. The first key component is the hydrogen supply,
which can either be delivered to site from an offsite production
plant or produced onsite. To produce hydrogen on-site, an
electrolyser is required to extract hydrogen from water. Power to
operate the electrolyser can be sourced directly from a renewable
energy project, to produce 'green' hydrogen.
A compressor unit takes the extracted hydrogen and compresses it
for efficient storage. The station also requires a hydrogen store,
which is capable of storing hydrogen under pressure, and a
dispenser for pumping the hydrogen gas to the vehicle under
pressure.
To calculate the target pressure for the vehicle being
refuelled, the station measures the ambient and hydrogen
temperature and uses a test pulse to measure the initial vehicle
pressure. The refuelling process starts with the equalisation of
the low-pressure bank, followed by the equalisation of the
medium-pressure and high-pressure bank. The station performs
continuous leak monitoring during the refuelling process.
After refuelling, the station automatically switches to recharge
mode and fills the storage banks.
About ITM Power plc:
ITM Power plc manufactures integrated hydrogen energy solutions
for grid balancing, energy storage and the production of renewable
hydrogen for transport, renewable heat and chemicals. ITM Power plc
was admitted to the AIM market of the London Stock Exchange in
2004. In October 2019, the Company announced the completion of a
GBP 58.8 million fundraise, including a subscription by Linde of
GBP 38 million, together with the formation of a joint-venture with
Linde to focus on delivering renewable hydrogen to large scale
industrial projects worldwide. ITM Power signed a forecourt siting
agreement with Shell for hydrogen refuelling stations in September
2015, (which was extended in May 2019 to include buses, trucks,
trains and ships) and in January 2018 a deal to deploy a 10MW
electrolyser at Shell ' s Rhineland refinery. ITM Power announced
the lease of the world ' s largest electrolyser factory in
Sheffield with a capacity of 1GW (1,000MW) per annum in July 2019.
Customers and partners include Sumitomo, Ø rsted, Phillips 66,
National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie,
BOC Linde, Toyota, Honda, Hyundai and Anglo American among
others.
About ScottishPower Renewables
ScottishPower Renewables is part of Iberdrola, a world leader in
clean energy with an installed capacity of over 28,000MW, and the
leading wind energy producer worldwide.
Responsible for progressing Iberdrola's wind energy projects in
the UK, ScottishPower Renewables also manages the development,
construction and operation of offshore windfarms throughout the
world and currently has 40 operational windfarm sites producing
over 2,000MW.
About BOC
BOC, a Linde company, is leading the UK and Ireland's drive to
enable commercial and private hydrogen transport supported by a
UK-wide refuelling network. Its clean fuels team designs, builds
and operates proven, reliable and scalable refuelling station
solutions that offer fast and familiar refuelling, using hydrogen.
It supports local councils and transport operators who are aiming
to take immediate action on air pollution and achieve net zero
emissions by 2050.
BOC is a trusted partner with over 25-years' experience
progressing hydrogen as a fuel. It has worked on a range of
infrastructure projects including the UK's first open access
hydrogen refuelling station in Swindon and Europe's largest and
highest performing refuelling station at Kittybrewster , Aberdeen.
It has also delivered ground-breaking ventures internationally,
including the roll-out of hydrogen-fuelled trains in Germany with
project partners, Alstom.
Find out more about BOC's role in the Glasgow hydrogen
refuelling station .
For more information about the company and its products and
services, please visit www.boconline.co.uk
-ends-
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