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Share Price: 2.40

Bid: 2.30

Ask: 2.50

Change: 0.00 (0.00%)

Spread: 0.20 (8.696%)

Open: 2.40

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IN BRIEF: Proton Motor gets order from Shell Deutschland

Fri, 05th May 2023 13:33

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

Comments and questions to newsroom@alliancenews.com

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2 Dec 2019 15:46

Proton Power gets pilot order from shipbuilder Fincantieri

(Sharecast News) - Fuel cell and electric-hybrid systems developer and producer Proton Power Systems has agreed with shipbuilding giant Fincantieri to provide a 38 kW fourth generation fuel cell, it announced on Monday.

2 Dec 2019 14:41

Proton Power Systems Secures Fuel Cell Order From Italy's Fincantieri

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Proton Power Systems To Supply APEX With 10 Fuel Cell Containers

14 Oct 2019 11:02

Proton Power inaugurates new fuel cell stack assembly plant

(Sharecast News) - Fuel cell and electric hybrid system developer Proton Power Systems reported the successful inauguration of its new fuel cell stack assembly plant on Monday.

30 Sep 2019 11:53

Proton Power Systems sales shrink in first half

(Sharecast News) - Fuel cells and electric hybrid systems developer and producer Proton Power Systems reported lower sales in its first half on Monday, at £0.27m, which was down from £0.51m year-on-year, which included delivery in the first half of 2018 of an additional order from Deutsche Bahnbau, in line with the cooperation agreement signed in 2015.

30 Sep 2019 11:06

Proton Power Systems Makes Progress In First Half But Loss Widens

27 Aug 2019 10:45

Proton Power Systems launches electronic vehicle charging joint-venture

(Sharecast News) - Proton Power Systems on Tuesday entered into a joint-venture agreement with Schäfer Elektronik, with the two new partners aiming to build an integrated plug and play power unit.

11 Jul 2019 13:24

Proton Power Gets EUR1.3 Million Financing For ebe Europa Order

(Alliance News) - Proton Power Systems PLC on Thursday said it has obtained EUR1.3 million of financing for its ebe Europa GmbH order of 15 hydrogen powered fuel cells.Shares in Proton were

28 May 2019 11:34

Proton Power Installs Manufacturing Robot To Ramp Up Production

LONDON (Alliance News) - Proton Power Systems PLC on Tuesday said it is installing a stack manufacturing robot to increase production capacity to 5,000 fuel cell units per year.Proton Power

28 May 2019 10:09

Proton Power prepares for anticipated demand with stack manufacturing robot

(Sharecast News) - Fuel cell and electric hybrid systems developer Proton Power Systems announced on Tuesday that, following the recent conclusion of cooperation and partnership agreements and "clear signs" that industry demand for hydrogen fuel cells was rapidly increasing, it was now installing a stack manufacturing robot.

14 May 2019 13:42

Proton Power secures order and loan extension but loss expands

(Sharecast News) - Proton Power on Tuesday won a fuel cell package order and announced a loan extension, though the company also reported an increased loss and a drop in revenue.

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IN BRIEF: Proton Motor gets order from Shell Deutschland

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