Itm Power Regulatory News (ITM)

9 April 2021

ITM Power plc

("ITM Power" or "the Company")

Green Hydrogen Project in Herten, Germany with Linde Engineering

ITM Power (AIM: ITM), the energy storage and clean fuel company, notes the announcement yesterday by Linde Engineering in Germany of its successful bid for the design and construction of an integrated hydrogen fuelling station and electrolysis plant for AGR in Herten, Germany. The Company confirms that ITM Power are the preferred supplier of the electrolysis equipment envisioned by the project. The full text of the announcement from Linde Engineering is set out below.

Linde Engineering and AGR collaborate on a trendsetting green hydrogen project 

The circular economy in action

Pullach and Herten, Germany, April 8, 2021 - Linde Engineering has won the official bid for the design and construction of an integrated hydrogen fueling station and electrolysis plant for AGR in Herten, Germany.

The project comprising hydrogen production and high-performance fueling technology is receiving funding of up to €6.2 million from the German Federal Ministry of Transport and Digital Infrastructure in the framework of the National Innovation Program Hydrogen and Fuel Cell Technology (NIP). The funding guidelines are being coordinated by NOW GmbH and implemented by the company Project Management Jülich (PtJ).

The project encompasses proton exchange membrane (PEM) electrolyzers, compressors, storage tanks and high-performance fueling stations. The contract also includes provisions for Linde Engineering to provide maintenance and service. The electrolyzers will have an annual capacity of around 440,000 kg of hydrogen. The electricity will come from AGR's waste-to-energy thermal power plant, where municipal and commercial waste with a biogenic content of around 50 percent serves as the primary fuel source. The electricity required for the production of green hydrogen will come from AGR's energy efficiency measures, while securing the feed of green electricity and environmentally friendly heat into the public grids.

The planned fueling station will be able to fill vehicles at 350 bar and 700 bar and therefore will be suitable for both cars and trucks. The green hydrogen produced in Herten will primarily be used to supply both public and private transportation vehicles. The focus will be on waste trucks serving the surrounding communities, AGR's own fleet, and the sale of hydrogen to commercial and industrial enterprises. 

Through the thermal recycling of local waste and its conversion into hydrogen, the undertaking is a successful example of the circular economy in action. In the near future, green electricity from the waste-to-energy power plant will be used to generate green hydrogen to fuel waste trucks. Additionally, the integrated fueling station and electrolyzer combination serves as a showcase for decentralized hydrogen production and distribution.

"The collaboration is a good example of how Linde can support companies and municipalities with an integrated hydrogen offering," says Michael Schäffer, Head of Hydrogen and Syngas Plants at Linde Engineering. "This ambitious project includes superior solutions, such as electrolysis and refueling technologies, which fit well with AGR's ambitions for an environmentally friendly circular economy. A decentralized hydrogen project like the one in Herten has the potential to serve as a model for other regions."

Joachim Ronge, Chairman of AGR's Management Board, on the decision to produce hydrogen in Herten: "For years we have been pursuing a strategy of high energy recovery in connection with disposal security and climate protection. After increasing district heat supply starting in 2019, we have been making further steps toward more climate protection by producing hydrogen together with other companies. Thermal waste treatment offers excellent conditions to implement this technology to decarbonize logistics: Waste collection vehicles deliver waste with biogenic content, and the energy it contains is transformed into hydrogen. The waste collection vehicles are then refueled with the resulting green hydrogen."

Dr Graham Cooley, CEO, ITM Power said: "Municipalities and local authorities across Europe, and the UK, are becoming more and more interested in green and circular economy initiatives. This innovative project is just the latest example and we are pleased to be working with partner Linde Engineering on what will be an important reference site for the municipality market."

For further information please visit www.itm-power.com or contact:

About ITM Power plc:

ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of renewable hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. In October 2019, the Company announced the completion of a £58.8 million fundraising, including an investment by Linde of £38 million, together with the formation of a joint venture with Linde to focus on delivering renewable hydrogen to large-scale industrial projects worldwide. ITM Power signed a deal to deploy a 10MW electrolyser at Shell's Rhineland refinery. In November 2020, ITM Power completed a £172m fundraising, including a £30m investment by Snam, one of the world's leading energy infrastructure operators. ITM Power operates from the world's largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum. ITM Power received an order for the world's largest PEM electrolyser of 24MW from Linde in January 2021. Other customers and partners include Sumitomo, Ørsted, Phillips 66, Scottish Power, Siemens Gamesa, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, GNVert, National Express, Toyota, Hyundai and Anglo American among others.

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