Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
There is a lot in that RNS,
Exclusivity in Japan
Customer funding
Mention of Australia, so things obviously on the brew there.
This could lead to a massive leveraging for ITM’s prospects. Looking forward to market opening. By the way looks like a shorter got caught out at the bell. What a shame :-)
Fantastic RNS !
http://www.itm-power.com/news-item/sumitomo-and-itm-power-announce-strategic-partnership-agreement
Music to my ears...
https://utilityweek.co.uk/kick-start-gas-network-switch-hydrogen-now-urges-whitehead/
Whitehead also said there was potential to substantially increase hydrogen production through the process of electrolysis, by using surplus electricity generated from renewable sources.<br /><br />“We could be paying wind farms not to produce electricity but to make hydrogen to put into the system.<br /><br />“Hydrogen has a big role as long as we can get those production issues sorted out.”<br />
ITM is very well positioned for this Power to Gas energy storage market
https://energy.economictimes.indiatimes.com/amp/news/power/german-power-gas-grids-co-operate-on-storage-plans-up-to-2030/64675933?__twitter_impression=true
https://www.bloomberg.com/news/articles/2018-06-20/audi-hyundai-to-join-forces-to-push-fuel-cell-technology V positive!
ITM’s hydrogen station in Rotherham makes hydrogen from power generated by a wind turbine, right next to it, for filling up cars. I think it was the first one they built.
https://fuelcellsworks.com/news/breakthroughs-in-marine-uses-of-hydrogen/?platform=hootsuite
DENA pushing H2 in Germany https://www.cleanenergywire.org/news/gov-agency-says-germany-must-step-climate-action-g7-pledge-leader
Think ITM have one as they have the contract for the first bus hydrogen station in France at Pau in the Pyrenees
https://www.gasworld.com/hydrogen-firmly-on-the-agenda-of-cem-and-mission-innovation/2014771.article
Industrial interest definitely picking up... great positioning by ITM https://www.thechemicalengineer.com/news/hydrogen-produced-from-surplus-renewable-energy-could-be-injected-into-uk-gas-grid/
A lot of on going coverage, should be v good for ITM. https://www.express.co.uk/news/uk/959291/hydrogen-fuel-cell-trains-rail-travel-converted-diesel-trains
Update on Orkney Project
Quilter over 5%
China will soon be a leader in fuel cell cars, 25 different models of car are in development (i�ve Been told) , plus big fc bus production http://www.chinadaily.com.cn/a/201802/13/WS5a823ca6a3106e7dcc13c6f4.html
This is what intrigues me, look at the ownership of NGN and then other sister companies. CK Infrastructure (CKI) is a diversified infrastructure company with a market capitalisation of HK $170 billion (£16.7 billion) and operations that span the globe. CKI is a key member of the CK Hutchison Group, which is one of the largest conglomerate groups in the world.
http://www.itm-power.com/news-item/northern-gas-networks-deployment-study-findings