LONDON (Alliance News) - Proton Power Systems PLC saw its shares rise Monday after it said it has finalised the development of its new fuel cell system.
The fuel cells developer said the new HyRange fuel cell system produces 25 kilowatts of net power to support bus, light and heavy duty vehicle applications. It said it expects its to be primarily used as a range extender for electric vehicles.
"The HyRange 25 system is capable of providing enough electric energy on board of an electric powered city bus for a full day of operation... By installing the HyRange 25 system, bus manufacturers can choose to downsize the on board battery, increase passenger load and reduce operating costs," the company said in a statement.
The company said the new fuel cell system was delivered both on time and within budget.
Proton Power Systems shares were up 7.4% mid-morning Monday, at 6.71 pence.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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Proton Mtr Pwr (PPS)