Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says. Watch here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksItm Power Regulatory News (ITM)

Share Price Information for Itm Power (ITM)

Share Price is delayed by 15 minutes
Get Live Data
126.30    -4.80 (-3.66%)
Bid:
127.20
Ask:
128.40
Spread: 1.20 (0.943%)
Market Cap: £871.72m
ITM Live PriceLast checked at - London Stock Exchange

Intraday Itm Power Share Chart

Megawatt Scale Energy Storage Launch

6 Feb 2012 07:00

RNS Number : 8232W
ITM Power PLC
06 February 2012
 



6 February 2012

 

 

ITM Power plc

("ITM Power" or the "Company")

 

Megawatt (MW) Scale Energy Storage Plant

 

ITM Power (AIM: ITM),the energy storage and clean fuel company, is pleased to announce that it will be launching its new high pressure and high volume stack designs that form the basis of its Megawatt Scale energy storage plant at the Hannover Messe on 23-27th April and All-Energy in Aberdeen on 23-24th May .

 

The hydrogen production plant is packaged in a single 20ft standard ISO container and is a 1MW load that can be demand side managed by power companies with a response time of one second for both turn on and turn off. The hydrogen produced can be used for both vehicle refuelling and direct injection of hydrogen into the gas grid. Injecting hydrogen into the gas grid is a simple and pragmatic form of energy storage that also de-carbonises the gas grid.

 

The new electrolyser stack is self-pressurising to 80bar which means it can be used to inject hydrogen directly into the high or low pressure gas grid without the need for additional compression plant. If the hydrogen production unit is used for vehicle refuelling, the amount of energy required for compression is reduced. If 350bar refuelling is being used then the high pressure electrolysis removes the need for one stage of mechanical compression which reduces cost.

 

The 1MW container produces approximately 400kg/day of hydrogen if run continuously. The design is a modular system which can be used to build larger energy storage facilities. ITM Power now has a portfolio of modular refuelling products in the range from 5kg/day to 400kg/day.

 

Commenting for ITM Power Dr Graham Cooley said "Megawatt scale energy storage is now a vital plant component in the power industry to balance supply and demand and this product is ITM's first offering to the sector. In most countries in Europe and indeed the rest of the world the penetration of intermittent renewable power has reached the level where constraint payments are now standard and wind curtailment is in daily operation. The need for Megawatt scale energy storage is here today and hydrogen via electrolysis is easily deployed at this scale."

 

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

 

ITM Power plc

Dr Simon Bourne, CTO

0114 244 5111

 

Nomura Code Securities Limited

Juliet Thompson / Dr Christopher Golden

 

020 7776 1200

www.nomuracode.com

 

Tavistock Communications

Simon Hudson / Andrew Dunn

 

020 7920 3150

 

 

About ITM Power:

ITM Power designs and manufactures Hydrogen Energy Systems for Energy Storage and Clean Fuel production. ITM Power has grown from its original platform of novel polymeric electrolytes (for water electrolysis and hydrogen fuel cells) to that of a technology provider. ITM Power now has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions and CE marked products for sale.

 

About All-Energy:

The All-Energy Exhibition & Conference is the UK's largest event devoted to all forms of clean and renewable energy. First run in 2001, the show has grown steadily since - the 2012 edition is the twelfth in the annual series and expected to be considerably larger than the 2011 event which attracted close on 8,000 attendees from more than 50 countries, and over 580 exhibiting companies from 20 countries. ITM Power are also the refuelling partner for the event, providing hydrogen, generated on site to a number of fuel cell and hydrogen vehicles.

 

www.all-energy.co.uk

 

About H2FC Hannover

Europe's largest and most important hydrogen and fuel cells exhibition, with around 150 international companies and institutions showcasing their latest products / innovations in this specialized community at the world's leading showcase for industrial technology. It is a one-stop-shop for cutting edge technology: stationary, mobile and portable/micro fuel cell systems, hydrogen production, transport and infrastructure, catalysts, testing, components and more! Network with hundreds of top representatives from leading H2+FC companies and research institutions and benefit from thousands of international visitors. ITM Power will also be showcasing a number of other products during this show.

 

http://www.h2fc-fair.com/

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEAEALESPAEFF
Date   Source Headline
17th Jun 20267:00 amRNSDirector/PDMR Shareholding
3rd Jun 20267:00 amRNSStrategic partnership with Protium
18th May 20267:00 amRNSDirector/PDMR Shareholding
30th Apr 20264:00 pmRNSTotal Voting Rights
30th Apr 20264:00 pmRNSDirector/PDMR Shareholding
20th Apr 202611:41 amRNSDirector/PDMR Shareholding
17th Apr 202612:30 pmRNSLTIP Grant and CEO discretionary share award
17th Apr 202612:30 pmRNSBlock Listing Application
17th Apr 20267:00 amRNSStrategic collaboration with Rheinmetall
13th Apr 20269:15 amRNSGrants under Deferred Annual Bonus Plan
13th Apr 20267:00 amRNSBlock Listing Application
9th Apr 20267:00 amRNSGB Energy 40m investment and DESNZ 46.5m grant
18th Mar 202610:04 amRNSDirector/PDMR Shareholding
11th Mar 20267:00 amRNSMorGen Energy 20 MW Project FID and LTSA Signed
11th Mar 20267:00 amRNSMorGen Energy 20 MW Project FID and LTSA Signed
18th Feb 20267:00 amRNSDirector/PDMR Shareholding
17th Feb 20267:00 amRNSFY26 revenue guidance raised
16th Feb 20267:00 amRNS20MW contract FID
29th Jan 20267:00 amRNSHalf-year Financial Report
20th Jan 20267:00 amRNSNotice of Interim Results
19th Jan 20267:00 amRNSDirector/PDMR Shareholding
16th Jan 20267:00 amRNSAppointment of new non-executive chairman
18th Dec 20257:00 amRNS12.5MW contract with Octopus Energy Generation
17th Dec 20251:00 pmRNSDirector/PDMR Shareholding
17th Dec 20251:00 pmRNSDirector/PDMR Shareholding
17th Dec 20251:00 pmRNSDirector/PDMR Shareholding
12th Dec 20257:00 amRNSTwo engineering contracts signed
4th Dec 20257:00 amRNSTrading update
21st Nov 20257:00 amRNSSelected for 710 MW of projects in Germany
17th Nov 20257:00 amRNSDirector/PDMR Shareholding
21st Oct 20257:00 amRNSLaunch of ALPHA 50
17th Oct 20257:00 amRNSDirector/PDMR Shareholding
9th Oct 20257:00 amRNSResult of AGM
6th Oct 20257:00 amRNSFEED contract for multi-unit NEPTUNE V project
22nd Sep 20257:00 amRNS150MW NEPTUNE V capacity reservation with RWE
18th Sep 20257:00 amRNSDirector/PDMR Shareholding
3rd Sep 20257:00 amRNSNotice of AGM
26th Aug 20257:00 amRNSStrategic partnership with ABO Energy
18th Aug 20257:00 amRNSDirector/PDMR Shareholding
14th Aug 20257:00 amRNSPreliminary Results
13th Aug 20257:00 amRNS20MW supply agreement with MorGen Energy
1st Aug 20257:00 amRNSNotice of Results
16th Jul 20257:00 amRNSDirector/PDMR Shareholding
8th Jul 20257:00 amRNSChange of Non-Executive Directors
25th Jun 20257:00 amRNSLaunch of Hydropulse
23rd Jun 20257:00 amRNSFEED contract for 120MW Uniper project
17th Jun 20257:00 amRNSSelected for two UK projects
16th Jun 20251:00 pmRNSDirector/PDMR Shareholding
9th Jun 20257:00 amRNSAppointment of New Non-Executive Chair
19th May 20257:00 amRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.