Proton Motor Power Systems PLC New order from Shell Renewables & Energy Solutions (5015Y)
05 May 2023 - 4:00PM
UK Regulatory
TIDMPPS
RNS Number : 5015Y
Proton Motor Power Systems PLC
05 May 2023
05 May 2023
Proton Motor Power Systems plc
(" Proton Motor " or the " Company ")
New order from Shell Renewables & Energy Solutions
Proton Motor Power Systems plc (AIM: PPS), the designer,
developer and producer of fuel cells and fuel cell electric hybrid
systems with a zero-carbon footprint, is pleased to announce that
it has received an order from Shell Deutschland Oil GmbH, a
subsidiary of the international energy group ("Shell"), for two "
HyShelter(R) 240" containerised hydrogen fuel cell hybrid systems.
Proton Motor's innovative technology is fully reflected in the
HyShelter and the rest of the Hy-brand portfolio of solutions for
infrastructural applications.
The hydrogen-based power plant "HyShelter (R) " is suitable for
a very wide range of applications. Typical use cases are off grid
installations to ensure a safe and clean energy supply where there
is no or insufficient infrastructure. It can either be a
permanently installed or in a transportable design. Another
important application is the "Emergency Power Supply market", where
the "HyShelter (R) " is capable of replacing large battery banks or
Diesel Gensets with a clean energy source. Examples include data
centres, process industry, municipal utilities, hospitals and other
critical facilities.
In 2021, the Company successfully delivered the first fuel cell
power plant of this type to Shell. The energy supply is provided by
Proton Motor's containerised "HyShelter(R) 240" on a trailer
transport platform. The core components of the power plant are
three Proton Motor "HyFrame(R)" fuel cell systems. They can be
operated individually or together, allowing a wide power range to
be covered from 6 kW up to 240 kW peak, when used in combination
with a battery energy storage system.
The Company expects to deliver the new system to Shell in 2024
with the majority of the revenue being recorded in that year.
For further information:
Proton Motor Power Systems
Plc
Dr Faiz Nahab, CEO
Helmut Gierse, Chairman
Roman Kotlarzewski, CFO +49 (0) 173 189 0923
Antonio Bossi, NED
Investor relations: www.protonpowersystems.com
investor-relations@proton-motor.de
Allenby Capital Limited
Nominated Adviser & Broker +44 (0) 20 3328 5656
James Reeve / Vivek Bhardwaj
About Proton Motor Fuel Cell GmbH
Proton Motor has 25 years of experience in Power Solutions using
CleanTech technologies such as hydrogen fuel cells, fuel cell and
hybrid systems with a zero-carbon footprint. 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 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.
Proton Motor Fuel Cell GmbH is a wholly owned subsidiary of
Proton Motor Power Systems plc. The Company has been quoted on the
AIM market of the London Stock Exchange since October 2006 (code:
PPS).
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END
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