Itm Power Regulatory News (ITM)

17 September 2015

ITM Power plc

("ITM Power" or "the Company")

Launch of M1 Hydrogen Refuelling station

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the launch of its first public access hydrogen refuelling station today at the Advanced Manufacturing Park, just off the M1, Junction 33 in South Yorkshire, funded by InnovateUK.

The launch is being supported by Hyundai, Toyota, and Honda who will all be displaying their fuel cell electric vehicles (FCEV). Delegates will also be encouraged to 'ride and drive' the cars. The event will showcase the Hyundai Ix35, the Toyota Mirai, the Honda FCX Clarity and a British Microcab. Hyundai and Toyota will be presenting at the launch event and participating in a Q&A session.

The site, which as a public access refuelling station is the first of its kind in the UK, consists of a 225kW wind turbine coupled directly to an electrolyser, 220kg of hydrogen storage, a hydrogen dispensing unit and a 30kW fuel cell system capable of providing backup power generation for nearby buildings. The facility has been upgraded as a showcase for ITM Power's world-class hydrogen generation equipment and is used to provide retail hydrogen fuel services. The M1 motorway was highlighted as a key route for the early deployment of hydrogen refuelling in the UK in the published UK H2Mobility Phase 1 Report.

The station, which has been supported by Innovate UK, currently offers hydrogen gas at 350bar which was a specification of the Island Hydrogen (formally known as Eco Island) project. The station will be upgraded early 2016 to provide hydrogen at 700bar as a result of funding from the Office for Low Emission Vehicles (OLEV), this will provide the fuel cell vehicles with a longer range of between 350 - 400 miles and extend the reach of clean emission transportation in South Yorkshire to hydrogen refuelling stations elsewhere in the UK, including London.

Jon Hunt, Manager, Toyota & Lexus Fleet Marketing, Toyota (GB) PLC said "Toyota are delighted to congratulate and join ITM Power at the opening of the new M1 refuelling station. A project that will support the October launch into the UK of our new Mirai, the world's first dedicated mass produced hydrogen Fuel Cell Vehicle"

Tony Whitehorn, Hyundai Motor UK CEO, commented, "It is very encouraging indeed that the UK's hydrogen filling station infrastructure is developing. We welcome this ultra-green new site in the north of England, which will serve a very large area and is clearly one of the most advanced sites ever constructed. Hydrogen-powered cars are the future and Hyundai is a leader in the field. This new self-sufficient filling station is exactly what's needed."

Thomas Brachmann, Chief Project Engineer and Head of Powertrain Section, HRE-G, on behalf of Honda Motor Europe said "Honda is pleased to support the opening of ITM Power's new hydrogen refuelling station for public access on the M1. As a company Honda has been at the forefront of the introduction of fuel cell electric vehicles, and we are enthusiastic to see refuelling infrastructure being deployed that especially includes on-site production of hydrogen from renewable sources of energy"

Dr Graham Cooley, CEO, ITM Power, commented: "We are extremely pleased to be launching the first of the company's hydrogen refuelling stations today, at this very accessible location off the M1 in South Yorkshire, and to provide clean fuel for the fuel cell electric vehicles that are now available from the auto OEMs. Following the strategic forecourt siting agreement last week with Shell, this station will provide important reference for demystifying the ability to utilise renewable energy supply for its efficient conversion to clean fuel for clean transport emissions, that is enabled by ITM's rapid response PEM electrolyser platform and the super impressive performance of fuel cell electric cars."

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 raised its initial funding of £10m gross in its IPO. Further funding rounds of £28.5m in 2006, £5.4m in 2012, £2m in 2013 and £10m in 2014 have been completed. The company received £4.9m as a strategic investment from JCB in March 2015. The Group currently has £10.49m of projects under contract and £0.30m of contracts in the final stages of negotiation.

www.itm-power.com

About InnovateUK:

Innovate UK is the UK's innovation agency; working with people, companies and partner organisations to find and drive the science and technology innovations that will grow the UK economy. The organisation works to determine which science and technology developments will drive future economic growth; meet UK innovators with great ideas in the fields we're focused on

fund the strongest opportunities; connect innovators with the right partners they need to succeed

help our innovators launch, build and grow successful businesses. Since 2007 we have invested over £1.5 billion in innovation, matched by a further £1.5 billion in partner and business funding. We have helped more than 5,000 innovative companies in projects estimated to add £7.5 billion to the UK economy and create 35,000 extra new jobs.