Last checked at 28 Jun 2011 07:00
28 June 2011
ITM Power plc
("ITM Power" or the "Company")
Energy Storage Project
ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce its participation in the collaboration project "Coated Metal Hydrides for Energy Storage" with E.ON, eminate Limited, the University of Nottingham, Teer Coatings Ltd (Miba Coating Group) and Sunamp Ltd. The project is part-funded by the government-backed Technology Strategy Board and ITM Power will receive £66,000 over a three year period.
Hydrogen is accepted as an integral part of the move towards clean, sustainable energy systems. One of the main issues yet to be resolved in a commercially viable way is that of safe and cost effective gas storage. One attractive option is the use of solid hydrides that can absorb and release hydrogen on demand at relatively low pressures. However, storage systems must combine optimum gas kinetics with the practicalities of system manufacturing and safety. While the move towards high surface area to volume ratio nano-particulates improves the kinetics, handling and containing these reactive materials presents enormous difficulties.
An alternative approach was proposed and addressed successfully in a feasibility study funded by the Technology Strategy Board. This project progresses that successful approach. ITM Power's role is to test and critically analyse the hydrogen storage hydrides produced by the project partners with direct coupling with electrolysers and re-use in fuel cells. ITM Power will be analysing the efficiencies and ease of use as well as contributing to market analysis.
Dr. Graham Cooley, CEO of ITM Power commented:"Energy storage will be the critical component in future energy systems and ITM Power is at the centre of this technology. There will be many solutions to the energy storage conundrum and all of the solutions will be required if we are to harness renewable energy successfully. We are pleased to be a collaborator in this project."
For further information please visit www.itm-power.com or contact:
ITM Power plc Graham Cooley, CEO | 0114 244 5111 |
Nomura Code Securities Limited Juliet Thompson / Dr Christopher Golden |
020 7776 1200 www.nomuracode.com |
Tavistock Communications Simon Hudson / Andrew Dunn |
020 7920 3150 |