The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksProton Mtr Pwr Share News (PPS)

Share Price Information for Proton Mtr Pwr (PPS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.40
Bid: 2.30
Ask: 2.50
Change: 0.00 (0.00%)
Spread: 0.20 (8.696%)
Open: 2.40
High: 2.40
Low: 2.40
Prev. Close: 2.40
PPS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Proton Power Systems In Austria Project For Fuel Cell In Duty Vehicle

Tue, 02nd Sep 2014 09:25

LONDON (Alliance News) - Proton Power Systems PLC Tuesday said it will participate with other partners in a project involving the integration of a HyRange 25 fuel-cell system into a three-tonne passenger transport vehicle manufactured by a major automotive original equipment manufacturer.

In a statement, Proton Power said it is partnering with an Austria-based university, a research institute, and an international automotive component supplier on the 30-month project. The project value for Proton Power is expected to be EUR130,000, according to the statement.

The vehicle is currently a pure battery-powered version. The integration of a hydrogen fuel cell system should allow an increase of the vehicle's range of operation to 300 kilometres, according to the company, while the total cost of the vehicle is expected to be reduced by 25% against the pure battery version.

The project is being funded by the Austrian government to demonstrate the possibility of equipping light duty vehicles with a hybrid battery/fuel cell system for emission-free operation with more mileage and less cost, Proton Power said.

According to Proton Power, HyRange 25 is capable of providing enough electric energy on board of an electric-powered heavier duty vehicle for full day-to-day operation. The company also said the heat from the system can be used to support the heating system in the vehicle, which increases overall efficiency. It said the battery on board can be downsized to allow for an increased payload or number of passengers and cost reduction.

"Proton Power has considerable know-how in mobile fuel cell applications. The smaller HyRange 8 System with 8kW of net power has been in operation for two years in a 7.5 tonne light-duty vehicle with customers in the logistic market in Germany. The vehicle runs a full time service without interruption with extremely pleasing results," the company said in a statement.

"With the HyRange 8 and HyRange 25 systems, Proton Power can offer a complete portfolio of products for the duty vehicle market. The integration support from Proton Power allows a fast and efficient integration process," the company added.

Proton Power shares were Tuesday quoted up 1.1% at 7.70 pence.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Copyright 2014 Alliance News Limited. All Rights Reserved.

More News
8 May 2024 16:27

TRADING UPDATES: Hellenic Dynamics and Ondine Biomedical raise funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
27 Feb 2024 12:19

IN BRIEF: Proton Motor keeps revenue stable as sales value rises

Proton Motor Power Systems PLC - London-based designer and producer of hydrogen fuel cells and hydrogen fuel cell electric hybrid systems - Says its 2023 revenue remains unchanged at GBP2.1 million. Notes a 43% increase in the value of systems sales to GBP2.0 million, from GBP1.4 million in 2022. Adds that its total order intake for 2023 was GBP2.5 million, down 7.4% from GBP2.7 million the previous year.

Read more
10 Jan 2024 11:28

IN BRIEF: Proton Motor launches new hydrogen fuel cell system

Proton Motor Power Systems PLC - London-based designer and producer of hydrogen fuel cells and hydrogen fuel cell electric hybrid systems - Announces introduction of new HyModule S4 fuel cell system solution. Product offers "a simple 'plug and play' solution for markets seeking an emission-free energy source alternative to traditional diesel and natural gas generators." It uses Proton Motor's proprietary HyStack 200 technology. Company says product line extension responds to sustained interest in hydrogen-powered technology, and leaves it well-positioned for commercialisation and to capitalise on predicted demand.

Read more
27 Nov 2023 10:21

IN BRIEF: Proton Motor completes GKN order; wins government grant

Proton Motor Power Systems PLC - London-based designer and producer of hydrogen fuel cells and hydrogen fuel cell electric hybrid systems - Completes follow-up order for 15 HYmodule S8 systems to customer GKN Hydrogen Italy SRL, which was first received back in January, bringing its total delivery of its fuel systems to GKN to 46. HYmodule S8 system is an "emission-free high-tech product for stationary applications and is designed for the autonomous provision of energy and heat," it says. Chief Executive Officer Faiz Nahab comments that the completion of the follow-on order "reaffirms that the company is rapidly progressing the commercialisation of our hydrogen fuel cell technology, and our recognition as a leader in this industry." Also wins an EUR300,000 grant from the German government for the development of a "modular, renewable and self-sufficient energy supply using hydrogen technology."

Read more
14 Sep 2023 11:59

Proton Motor Power interim revenue falls on lower order intake

(Alliance News) - Proton Motor Power Systems PLC on Thursday reported a drop in half-year revenue as order intake fell.

Read more
25 Jul 2023 10:59

Proton Motor Power inks first order in Spain for fuel cell system

(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.

Read more
13 Jul 2023 11:39

Proton Motor Power hails follow-up order from Deutsche Bahn subsidiary

(Alliance News) - Proton Motor Power Systems PLC on Thursday said that it has received a follow-on order from DB Bahnbau Gruppe GmbH, a subsidiary of Deutsche Bahn AG.

Read more
20 Jun 2023 10:59

Proton Motor Power swings to annual loss as revenue falls

(Alliance News) - Proton Motor Power Systems PLC on Tuesday reported a swing to annual loss as revenue decreased, and said it agreed to a variation to the Falih Nahab loan facility.

Read more
2 Jun 2023 12:54

Proton Motor Power gets order from University of Stuttgart

(Sharecast News) - Hydrogen fuel cell and electric hybrid technology developer Proton Motor Power announced the receipt of a significant order from the University of Stuttgart on Friday.

Read more
2 Jun 2023 08:19

IN BRIEF: Proton Motor Power touts 240KW order for power plant

Proton Motor Power Systems PLC - London-based designer and producer of hydrogen fuel cells and hydrogen fuel cell electric hybrid systems - Receives an order from the University of Stuttgart for a containerised fuel cell power plant with a power output of up to 240 kilowatts.

Read more
5 May 2023 13:33

IN BRIEF: Proton Motor gets order from Shell Deutschland

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".

Read more
21 Feb 2023 18:53

TRADING UPDATES: Star Phoenix loss narrows but Petra's widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
31 Jan 2023 21:38

TRADING UPDATES: LifeSafe Holdings, Tissue Regenix see revenue growth

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
26 Jan 2023 21:52

TRADING UPDATES: Proton wins order; Caerus Mineral sells assets

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
24 Oct 2022 13:34

Proton Motor increases production area seven-fold with lease agreement

(Alliance News) - Proton Motor Power Systems PLC on Monday said it signed a 15-year lease agreement for a facility to "substantially expand" its manufacturing, testing and development capacity.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.