ITM Power (AIM: ITM), the clean fuel and energy storage company, is pleased to announce that, following a successful All-Energy conference, the Company will be opening an office within the facilities of Aberdeen City Council to develop a critical mass of opportunities arising from the growing Scottish renewables industry.
ITM Power CEO, Dr Graham Cooley, commented: "The Scottish renewables sector is growing at an astonishing rate with many opportunities for energy storage and clean transport fuel and this year's All-Energy conference has been incredibly successful for ITM Power. ITM Power is determined to make an early commitment to Aberdeen and Scotland."
Aberdeen City Council Senior Sustainability Executive, Yasa Ratnayeke, commented: "We are delighted to be working with ITM Power, there are a growing number of opportunities for hydrogen made from renewable energy in Aberdeen and the City will be a key first mover in this area of technology. The Sustainable Development Team at the Council is dedicated to making Aberdeen the leading force in the achievement of carbon reduction targets in Scotland and ITM Power can play a major role in achieving those targets."
A film of the 2012 All Energy conference in Aberdeen is available at:
About Sustainable Development at Aberdeen City Council
Sustainable Development is a key principle of Aberdeen City Council's Community Plan "Aberdeenfutures" and Corporate Plan. All services across the Council are responsible for delivering Sustainable Development in accordance with Best Value as part of the The Local Government in Scotland Act (2003).
ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and raised its initial funding of £10m gross in its IPO. A further funding round of £28.5m was completed in 2006. The Company has now made the transition from a research and development company to a product manufacturer and technology provider. The Company has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions. The Company has been successful in developing strategic industry partnerships in the following projects:
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