LONDON (Alliance News) - Proton Power Systems PLC said on Thursday it has received a confirmed order worth EUR4.1 million for 15 hydrogen powered fuel cells from German electric buses distributor ebe Europa GmbH.
The order is as a result of the first tender under the Europe-funded JIVE project, which will see 290 buses deployed within the next two years.
The fuel cells have 60 kilowatts of generating capacity, with the ultimate customers being the German city councils of Frankurt, Mainz, Muenster and Wiesbaden.
The cells are expected to be delivered within the next 12 months.
"We are delighted with this order as it further confirms the European appetite for cleaner cities and is a clear indication for higher demand for hydrogen as a clean energy source," said Chief Executive Officer Faiz Nahab.
Shares in Proton Power Systems were up 7.6% at 12.11 pence on Thursday.
Proton Mtr Pwr (PPS)