Proton Power Systems PLC Order for the Orkneys "Surf and Turf" project (9336Y)
23 May 2016 - 4:00PM
UK Regulatory
TIDMPPS
RNS Number : 9336Y
Proton Power Systems PLC
23 May 2016
23 May 2016
Proton Power Systems plc
("Proton" or the "Company")
Order for 75kVA Containerized Fuel Cell Stationary Power System
for the Orkney Islands "Surf and Turf" project
Proton Power Systems plc (AIM: PPS), a clean tech total power
solution provider and designer, developer and producer of fuel
cells and fuel cell electric hybrid systems, is proud to announce,
that it has received an order for a 75kVA containerized fuel cell
stationary power system for the Orkney Islands "Surf and Turf"
project.
The 'Surf and Turf' project involves generating hydrogen from
wind and tidal energy and using it as the energy storage medium.
The hydrogen is used to provide electricity for the Orkney Islands
harbour. The wind and seas around the Orkney Islands provide an
abundance of renewable energy resources. Through concerted efforts,
communities like Orkney Islands are now starting to see the
benefits of ownership of renewable power generation capacity. This
project will see the Orkney Islands take a small, but important,
step towards rising to the challenge of managing the limits of its
energy infrastructure. This project will help unlock the
constraints imposed by 20th century power cables and a is great
demonstration of how our technology can help overcome the
shortcomings of the local electricity grid.
Proton will provide a 75kVA containerized fuel cell stationary
power system for a total contract value of more than EUR0.5 million
to be delivered in 2016.
Faiz Francoise Nahab Ph.D., CEO of Proton, said: "This is a very
important order for us. The fuel cell system is based on our 25kVA
system, which is operated in a modular mode. The container has all
necessary components to be connected to the local grid. Proton is
responsible for the turn key delivery of the container. We hope to
see more applications in this market sector and more islands like
the Orkney Islands taking a proactive role. Proton expects a fast
growing demand worldwide for this type of applications. Storing
wind and solar energy is a big challenge and we have the right
solution to use such green energy in stationary or mobile
applications".
- Ends -
For further information:
Proton Power Systems plc
Dr Faiz Nahab, CEO
Achim Loecher, FD Tel: +49 (0) 89
Ian Peden, Chairman 127 626 550
Tel: +49 (0) 162
101 6470
www.protonpowersystems.com
Stockdale Securities Limited
Nominated adviser and broker Tel: +44 (0) 20
7601 6100
Antonio Bossi / David Coaten www.stockdalesecurities.com
About Proton Motor
Proton Motor is an expert in industrial fuel cells, fuel cell
and hybrid systems with more than 21 years of experience in this
sector. Based in Puchheim near Munich, Proton Motor offers complete
fuel cell and hybrid systems from a single source - from the
development and production through the implementation of customized
solutions. The focus of Proton Motor is on mobile, marine and
stationary solutions and applications. The product portfolio
consists of base-fuel cell systems, standard complete systems, as
well as customized systems.
Proton Motor serves IT, Telecoms, public infrastructure and
healthcare customers in Germany, Europe and Middle East with power
supply solutions for DC and AC power demand. In addition to power
supply, SPower also offers solutions for Solar Systems as well as a
new product line for Solar Energy Storage. With the SPower
expertise, Proton Motor can offer complete power supply solutions
with fuel cell and all electrical components.
Proton Motor Fuel Cells GmbH is wholly owned subsidiary of
Proton Power Systems plc. The Company has been listed on the London
Stock Exchange since October 2006 (code: PPS).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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