Itm Power Regulatory News (ITM)

24th June 2013

ITM Power plc

("ITM Power" or the "Company")

ITM Power Joins Californian Hydrogen Business Council Hydrogen Energy Storage (HES) Program

ITM Power (AIM: ITM), the energy storage and clean fuel company, is delighted to announce its membership of the California Hydrogen Business Council (CHBC) and its participation as a founding member in the CHBC Hydrogen Energy Storage (HES) Program.

"We are delighted to play an active role in the CHBC and support the activities of the Hydrogen Energy Storage Program. Energy storage is a significant business opportunity in California and the formation of this important grouping is very timely," commented Dr. Graham Cooley, CEO of ITM Power. "We are looking forward to building on our relationships and entering the U.S. market with our HGas products."

Geoffrey Budd, ITM Power's Representative in the USA, has been appointed to the HES Program Committee. The other founding members of the HES Program are Southern California Gas Company and Hydrogenics Corporation.

The decision to create a Hydrogen Energy Storage Program was taken by the CHBC's Board of Directors on April 9, 2013 and implemented on June 17, 2013. It will assist the market adoption of hydrogen energy storage in California by providing a greater understanding of the role of Power-to-gas energy storage and the energy storage role played by hydrogen used as a transport fuel.

"Hydrogen energy storage will play an increasingly important part of the future energy mix in California as we extend the use of renewable power," declared Mark Abramowitz, CHBC President. "The formation of this program will play a vital part in defining the role and guiding the deployment of hydrogen energy storage."

Hydrogen energy storage has the potential to become an immense business opportunity in California, as the state moves to an ever increasing use of renewable energy, with a target of 33% renewable electricity by 2020 set by the California Air Resources Board (ARB), Executive Order S-21-09. California has also taken a big step forward in making grid-scale energy storage on a large scale a reality. In 2010 the California Assembly Bill 2514 was passed, the first state law calling for grid-scale energy storage. The bill requires the California Public Utilities Commission (CPUC) to conclude on targets for viable and cost-effective energy storage systems by October 1, 2013. On June 10, 2013, the CPUC released a proposal that calls for the State's three main utilities to procure 1.3 gigawatts of energy storage by 2020.

About California Hydrogen Business Council:

The California Hydrogen Business Council is comprised of organizations and individuals involved in the business of hydrogen. Its mission is to advance the commercialization of hydrogen in transportation and stationary sources to reduce emissions and dependence on foreign oil. (www.californiahydrogen.org)

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

About ITM Power

ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and raised its initial funding of £10m gross in its IPO. Further funding rounds of £28.5m in 2006 and £5.4m in 2012 have been completed. The Company has now made the transition from a research and development company to a product manufacturer and technology provider. The Company has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions. The Company has been successful in developing strategic industry partnerships in the following projects:

·; German Energy Agency Power to Gas Strategy Platform

http://www.itm-power.com/news-item/itm-power-joins-german-energy-agencys-power-to-gas-strategy-platform/

·; Incorporation of ITM Power ApS Denmark

http://www.itm-power.com/news-item/incorporation-of-itm-power-aps-in-denmark/

·; Participation in H2USA

http://www.itm-power.com/news-item/participation-in-h2usa/

·; Participation in North Sea Power-to-Gas Platform

http://www.itm-power.com/news-item/participation-in-north-sea-power-to-gas-platform/

·; First Sale of 'Power-to-Gas' Plant in Germany

http://www.itm-power.com/news-item/first-sale-of-power-to-gas-plant-in-germany/

·; First Sale in Russia

http://www.itm-power.com/news-item/first-sale-in-russia/

·; First Sale in Japan

http://www.itm-power.com/news-item/first-sale-in-japan/

·; Electrolysis to play a key role in Hydrogen Roadmap for UK

http://www.itm-power.com/news-item/electrolysis-to-play-a-key-role-in-hydrogen-roadmap-for-uk/

·; CE Marking of Fuel Cell System for Materials Handling

http://www.itm-power.com/news-item/ce-marking-of-fuel-cell-system-for-materials-handling/

·; EU Funding for Advanced Refuelling Project

http://www.itm-power.com/news-item/e3-59m-grant-award-for-an-advanced-refueling-product/

● AEG Power Solutions electrolyser integration with power electronics

http://www.itm-power.com/news-item/rapid-response-electrolyser-power-systems-integration/

·; DECC Funding Award for the Production of Synthetic Methane

http://www.itm-power.com/news-item/decc-funding-award-for-the-production-of-synthetic-methane/ 

·; EU Funding for PEM Fuel Cell Innovation - IMPACT

http://www.itm-power.com/news-item/eu-funding-for-pem-fuel-cell-innovation-impact/

·; Agreement with ABO Wind of Wiesbaden, Germany

http://www.itm-power.com/news-item/agreement-with-abo-wind-of-wiesbaden-germany/

·; Shell and National Grid Join Gas Inject Project

http://www.itm-power.com/news-item/shell-and-national-grid-join-gas-inject-project/

·; EcoIsland TSB Funding

http://www.fuelcelltoday.com/news-events/news-archive/2012/july/ecoisland-progresses-tsb-grant-awarded-for-isle-of-wight-integrated-hydrogen-project

·; 700bar Dispensing Collaboration in Germany

http://www.itm-power.com/news-item/700bar-dispensing-collaboration-in-germany/

·; Marks & Spencer Pilot Materials Handling Fuel Cell Project

http://www.itm-power.com/news-item/ms-agreement/

·; UKH2Mobility with leading auto OEM's, UK Gov't and industrial gas companies

http://www.itm-power.com/about-itm/partners/?id=49

·; EcoIsland with Toshiba, IBM, Cable & Wireless, SSE and Southern Water

http://www.itm-power.com/about-itm/partners/?id=46

·; Boeing Unmanned Aircraft System Refueller

http://www.itm-power.com/news-item/agreement-with-boeing/

·; Electrolyser Distribution with Horizon Fuel Cells

http://www.horizonfuelcell.com/fuel_solutions_hbox.htm

·; CREO with Ford, Jaguar Land Rover and Johnson Matthey

http://www.itm-power.com/about-itm/partners/?id=45

·; Exclusive European distribution rights for Materials Handling Fuel Cells

http://www.itm-power.com/news-item/exclusive-european-distribution-rights-for-materials-handling-fuel-cells/

·; Sale of Equipment to EADS

http://www.itm-power.com/news-item/sale-of-equipment-to-eads/

·; EU Grant Award for PEM Water Electrolysers Coupled to Renewable Power Sources

http://www.itm-power.com/news-item/eu-grant-award-for-pem-water-electrolysers-coupled-to-renewable-power-sources/

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