Itm Power Regulatory News (ITM)

16 May 2016

ITM Power plc

("ITM Power" or the "Company")

Hydrogen Fleet User Workshops and Ride & Drive

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce a series of UK hydrogen fleet user workshops and Ride & Drive events. This is in response to the Office of Low Emission Vehicles (OLEV) £2m FCEV Fleet Support Scheme which was launched on 10 May. The tour is organised in collaboration with Toyota, Hyundai, Arcola Energy, Symbio FC and GreenTomatoCars.

The road tour will start on Monday 23 May at the Advanced Manufacturing Park (AMP) in Rotherham for the first Fleet User Workshop where fleet managers can test drive the Toyota Mirai the Hyundai ix35 FC and a Symbio FC van. The road tour will then move to the following locations listed below, ending on 26 May. The OLEV call workshop will be on Friday 27 May at the Department for Transport (DFT), London and OLEV will also be presenting at an additional workshop, organised by Sheffield City Council in Rotherham on Monday 23 May. The road tour will also be visiting London's first LoCity Annual Conference.

Fleet User Workshops and Ride & Drives:

10:00, 23 May AMP, Brunel Way, Rotherham, S60 5WG

10:00, 24 May NPL, Hampton Rd, Teddington, Middlesex, TW11 0LW

10:00, 25 May LoCity Conference; Guildhall, Gresham St, London, EC2V 7HH

10:00, 26 May CEME, Marsh Way, Rainham, Essex, RM13 8EU

OLEV Call Workshops:

10:00, 23 May Advanced Manufacturing Park, Brunel Way, Rotherham, S60 5WG

13:00, 27 May DFT, Great Minster House, 33 Horseferry Road, London, SW1P 4DR

Booking for fleet managers:

To book attendance at a workshop please contact Richard Kemp-Harper on +44 800 689 0169 or email him at fleet@arcolaenergy.com

About the FCEV Fleet Support Scheme:

The Government's Hydrogen for Transport Advancement Programme is funding the development of 12 hydrogen refuelling stations, a significant first step towards an initial national network of 65 stations. The first of the 12 stations are already complete and fully operational, the remainder will be operational before the end of 2016. Now that the stations are coming on-line the Government is launching a £2m Fuel Cell Electric Vehicle Fleet Support Scheme competition.

The competition is open to public sector fleets and to individual private enterprise fleets. It will provide support for vehicles deployed up until 30 April 2017 and for the cost of operating them for up to 3 years. Support will be available for the costs of: purchasing, leasing or renting vehicles, insurance, hydrogen fuel, fleet management, vehicle servicing, driver familiarisation, reporting and dissemination of experience. The deadline for bids for funding is 4 July 2016 and the Office for Low Emission Vehicles (OLEV) will be holding a workshop for potential applicants on 27 May. The aim is to announce successful bidders at the beginning of August 2016. Guidance for organisations applying for funding under this competition can be found at https://www.gov.uk/government/publications/hydrogen-fuel-cell-vehicles-funding-fleets-to-be-early-adopters. Information on the 27th May workshop is at section 2.8 of the guidance document.

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

About ITM Power plc

ITM Power manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and is a founder member of the Social Stock Exchange. The company received £4.9m as a strategic investment from JCB in March 2015; signed a forecourt siting agreement with Shell in September 2015 and a fuel agreement with Toyota in October 2015. The Company currently has £13.85m of projects under contract and a further £6.49m of contracts in the final stages of negotiation constituting a total pipeline of £20.34m (subject to exchange rate variation). 

www.itm-power.com

About Arcola Energy

Arcola Energy offers a full range of deployment and on-going support services for hydrogen and fuel cell vehicle fleets. These include vehicle selection and sourcing, permitting, tracking and performance monitoring, technical support and maintenance. Working closely with vehicle manufacturers we thus provide assurance to fleet managers of smooth adoption and high reliability and availability. To help fleet customers maximise benefits and to ensure that drivers are confident working with these cutting-edge technologies, Arcola Energy also provides engaging, hands-on training and education services, as well as supporting wider public communications for local authorities and companies wishing to highlight the benefits of hydrogen powered fleets.

About GreenTomatoesCars

GreenTomatoesCars is the UK's first eco car service. The environment is the cornerstone on which our business has been built. The company has won more than 20 awards for our service and green credentials. GreenTomatoesCars have introduced a number of environmental firsts to London's private hire industry including: the first to use only hybrids; the first to offset all fleet emissions (offsetting 200%); the first to add electric vehicles to our fleet and the first operator to be ISO 14001 registered. Now Greentomatocars is thrilled to introduce the latest eco technology Toyota Mirai and is proud to be the only private car company to feature this model in London.

About the LoCity Conference:

LoCITY is a structured collaborative programme that brings together the full range of stakeholders needed to stimulate the uptake of low emission commercial vehicles. As London grows, so does traffic congestion and air pollution. This has a major, damaging impact on public health. Nearly 9,500 people die early each year in London because of poor air quality. LoCITY's first Annual Conference will showcase the work that has taken place during the first few months of the programme. It will provide an opportunity for delegates to discuss LoCITY's progress, learn from stakeholders and hear more about the programme's next steps.

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