Itm Power Regulatory News (ITM)

7 Jul 2009 07:00



7 July 2009

ITM POWER Plc

("ITM" or "the Company")

Launch of Commercial Application Package

Demonstration of "zero carbon" home energy system and agreement to supply demonstration kitchens and electricity storage systems to showcase housing development

ITM announces that, in line with the strategy set out in June 2009, it is today launching and demonstrating the equipment needed to realise a "zero carbon" home power system aimed at taking commercial advantage of UK legislation on emissions from new homes.

Housing currently contributes just under half of the UK's carbon emissions and the Government's July 2007 Building A Greener Future - Policy Statement announced that all new homes will be zero carbon from 2016. ITM has applied its patented technology to designing and building a zero carbon domestic energy system providing heating, lighting, and electric power plus the storage needed to allow this to operate from renewable resources. The system makes and stores non-polluting hydrogen which is then used in specially adapted household appliances. This system is being launched and demonstrated today to media, local authorities, potential commercial partners and potential joint-venture partners. The system has been designed to run from renewable sources of power as well as the national grid.

In addition, ITM announces that it has agreed to participate in the building of an innovative demonstration housing development in South Shields, supplying its expertise and technology, in order to show that affordable housing can be made a net producer, rather than a net consumer of energy. The housing development is being built by a partnership between Groundwork South Tyneside & Newcastle with ONE Northeast, Four Housing Group, and South Tyneside Council. The development is being financed by the partners. These houses and apartments will incorporate the best and most practical aspects of building design commensurate with the cost of the properties still allowing for their designation as affordable homes and will be no less comfortable or convenient to live in than a conventional dwelling.

In addition to ITM's hydrogen technology, the site will feature state of the art heat pumps, solar energy, renewable wind energy, and modern low energy lighting. ITM will fit two of the properties with hydrogen powered kitchens while hydrogen will also be used as an energy store and for provision of electricity to the properties and for the site lighting. The site will be connected to the grid with energy flows in and out from a 225KW wind turbine. Final designs for the development are now being completed and it is expected that application for full planning permission will be made in late August 2009. If successful, Groundwork envisages rollout of the ITM energy package throughout projects in the North East region.

Commenting on today's news, Dr Graham Cooley, ITM's newly appointed CEO, said, "I am committed to pursuing multi-market routes to commercialisation with the best strategic fit to the Company's technology. Today's demonstration and the showcase agreement with Groundwork will bring us to the attention of potentially one of the most important of these markets."

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