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(Alliance News) - ITM Power PLC announced on Monday its subsidiary, ITM Power GmbH, has won a EUR2.0 million award for a federally funded electrolysis project in Germany.
The Sheffield-based energy storage and fuel company said the Sinewave project was won as part of the German Federal Ministry of Education & Research's hydrogen project, H2Giga. This focusses on technology development for industrialisation of electrolysis systems.
The project runs to March 2025. ITM Power said it is the first time the company has accessed funding from the German Federal government.
ITM Power said that ITM Power GmbH will focus on education and training in the field of installation, maintenance and operation; researching safety training programmes for customers ad technical personnel; developing live monitoring and reporting of systems; developing improved reliability for systems; and developing a supply chain for large scale deployments.
ITM Power GmbH's partners in the project will be: Linde GmbH, ITM Linde Electrolysis GmbH, Helmholtz-Zentrum Dresden Rossendorf Institute of Fluid Dynamics, Technical University of Dresden Institute of Process Engineering and Environmental Technology, and Technical University of Munich Institute of Plant and Process Technology.
Shares in ITM Power were down 1.2% at 360.20 pence on Monday morning in London.
By Heather Rydings; heatherrydings@alliancenews.com
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