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Pin to quick picksProton Mtr Pwr Share News (PPS)

Share Price Information for Proton Mtr Pwr (PPS)

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Share Price: 2.40
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Proton Motor Power inks first order in Spain for fuel cell system

Tue, 25th Jul 2023 10:59

(Alliance News) - Proton Motor Power Systems PLC on Tuesday said that it has received an order from an unnamed supplier of gas related energy and infrastructure in Spain for a standalone fuel cell system.

The London-based designer and producer of hydrogen fuel cells and hydrogen fuel cell electric hybrid systems said that the system, which is based on a 50 kilowatt container solution, will be deployed at a hotel in Palma de Mallorca as part of the Green Hysland project.

The Green Hysland project aims to turn Mallorca into the first hydrogen hub in southern Europe by producing green hydrogen from solar energy and delivering it for use by the island's tourism, transport, industry and energy sectors.

Proton expects to deliver the system in the first half of next year, with revenues correspondingly recognised in that year.

"This is the company's first order from within Spain and therefore represents a further expansion in its market footprint. It also demonstrates the versatility of the company's offer, with the standalone solution being used across a variety of industries to deliver reliable, secure and clean energy for a range of business-critical systems," said Chief Executive Officer Faiz Nahab.

Proton Motor shares were trading 1.5% lower at 8.62 pence each in London on Tuesday morning.

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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

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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.

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Proton Power Systems launches electronic vehicle charging joint-venture

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

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Proton Power Installs Manufacturing Robot To Ramp Up Production

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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.

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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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