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Proton Motor Power Systems PLC - Newcastle-based producer of hydrogen fuel cells and electric hybrid systems - Gets an order for an undisclosed sum from Shell Deutschland Oil GmbH, a subsidiary of energy group Shell PLC. Says the order is for two 'HyShelter 240' containerised hydrogen fuel cell hybrid systems. Proton says its technology is "fully reflected in the HyShelter and the rest of the Hy-brand portfolio of solutions for infrastructural applications".
Says the hydrogen-based power plant 'HyShelter is suitable for a wide range of applications, such as off grid installations to ensure a safe and clean energy supply where there is no, or insufficient, infrastructure. Proton delivered the first fuel cell power plant of this type to Shell in 2021. Expects to deliver the new system in 2024.
Current stock price: 10.66 pence each, up 1.5% on Friday afternoon in London
12-month change: down 25%
By Xindi Wei, Alliance News reporter
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