The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just 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: 2.10
Bid: 2.00
Ask: 2.20
Change: 0.175 (9.09%)
Spread: 0.20 (10.00%)
Open: 1.925
High: 2.10
Low: 1.925
Prev. Close: 1.925
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
18 Aug 2020 12:01

Proton Motor Power Systems Interim Revenue Surges; Loss Stable

Proton Motor Power Systems Interim Revenue Surges; Loss Stable

Read more
10 Aug 2020 11:03

IN BRIEF: Proton Motor Power Gets New Order From Shell New Energies

IN BRIEF: Proton Motor Power Gets New Order From Shell New Energies

Read more
10 Jul 2020 14:20

IN BRIEF: Proton Motor Power Systems Converts GBP400,000 Loan Interest

IN BRIEF: Proton Motor Power Systems Converts GBP400,000 Loan Interest

Read more
10 Jul 2020 09:00

Proton Motor Power major shareholder converts interest into shares

(Sharecast News) - Fuel cell and electric hybrid systems developer Proton Motor Power Systems announced on Friday that SFN Cleantech Investment has requested the conversion of part of the interest matured on loans provided, into 20,000,000 shares in Proton.

Read more
8 Jul 2020 15:07

IN BRIEF: Proton Power Investor Converts Part Of Loan To Stock

IN BRIEF: Proton Power Investor Converts Part Of Loan To Stock

Read more
23 Jun 2020 15:36

Proton Motor Power increases and extends loan facilities

(Sharecast News) - Fuel cell and electric hybrid system company Proton Motor Power Systems has agreed to increase its existing loan facilities with SFN Cleantech Investment and Falih Nahab by €3.6m (£3.26m) each.

Read more
4 Jun 2020 15:28

IN BRIEF: Proton Motor Power Sees No Reason For Share Price Spike

IN BRIEF: Proton Motor Power Sees No Reason For Share Price Spike

Read more
16 Apr 2020 14:57

UK TRADING UPDATE SUMMARY: NHS Uses Induction Healthcare's Mobile App

UK TRADING UPDATE SUMMARY: NHS Uses Induction Healthcare's Mobile App

Read more
12 Mar 2020 13:53

Proton Motor Power Wins EUR110,000 Fuel Cell Order From Vonovia

Proton Motor Power Wins EUR110,000 Fuel Cell Order From Vonovia

Read more
11 Mar 2020 10:10

CORRECT (Mar 10): Proton Motor Gets Follow-On EUR5 Million Order

CORRECT (Mar 10): Proton Motor Gets Follow-On EUR5 Million Order

Read more
10 Mar 2020 16:24

Proton Motor Secures Follow-On EUR5 Million Fuel Cell Systems Order

Proton Motor Secures Follow-On EUR5 Million Fuel Cell Systems Order

Read more
24 Feb 2020 14:45

DIRECTOR DEALINGS SUMMARY: Greencore CEO Sells GBP1.8 Million Worth

DIRECTOR DEALINGS SUMMARY: Greencore CEO Sells GBP1.8 Million Worth

Read more
10 Feb 2020 14:54

DIRECTOR DEALINGS SUMMARY: Fevertree Chair Buys GBP100,000 In Shares

DIRECTOR DEALINGS SUMMARY: Fevertree Chair Buys GBP100,000 In Shares

Read more
4 Feb 2020 14:49

Proton Motor Power Gets New Order Worth Over EUR500,000

Proton Motor Power Gets New Order Worth Over EUR500,000

Read more
30 Jan 2020 13:41

DIRECTOR DEALINGS SUMMARY: Crest Nicholson Chair Buys 25,000 Shares

DIRECTOR DEALINGS SUMMARY: Crest Nicholson Chair Buys 25,000 Shares

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.