Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video 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)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 50.25
Bid: 50.20
Ask: 50.45
Change: -0.75 (-1.47%)
Spread: 0.25 (0.498%)
Open: 52.00
High: 53.00
Low: 50.20
Prev. Close: 51.00
ITM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
22nd Jul 20137:00 amRNSHydrogen Cost Structure Update
17th Jul 20137:01 amRNSTechnology and Project Update
17th Jul 20137:00 amRNSAppointment of Nomad and Broker
9th Jul 20137:00 amRNSConstruction of German Power-to-Gas Plant
5th Jul 20137:00 amRNSParticipation in French Mobility Programme
3rd Jul 20137:08 amRNSTrading Statement
2nd Jul 20133:40 pmRNSLeaked Announcement
24th Jun 20137:00 amRNSITM Power joins Californian HES Program
20th Jun 20137:00 amRNSITM Power joins German P2G Strategy Platform
17th Jun 20137:00 amRNSIncorporation of ITM Power ApS in Denmark
10th Jun 20137:00 amRNSCorporate and Technical Due Diligence
6th Jun 201311:09 amRNSTotal Voting Rights
22nd May 20137:00 amRNSCalifornia Energy Commission Report
14th May 20137:00 amRNSParticipation in H2USA
9th May 20137:00 amRNSDECC Grant
1st May 201310:30 amRNSTotal Voting Rights
1st May 20137:00 amRNSHannover Fair and First Sale to New Territories
26th Apr 201310:10 amRNSParticipation in North Sea Power-to-Gas Platform
25th Apr 20137:00 amRNSSainsbury's joins UKH2Mobility
15th Apr 20134:35 pmRNSPrice Monitoring Extension
28th Mar 20134:51 pmRNSBlocklisting Interim Review
13th Mar 201311:00 amRNSFirst Power-to-Gas Sale in Germany
12th Mar 20137:44 amRNSFirst Sale in Russia
27th Feb 20134:35 pmRNSPrice Monitoring Extension
25th Feb 201310:49 amRNSEcoIsland Update
18th Feb 20137:00 amRNSFirst Sale in Japan
4th Feb 201312:09 pmRNSUK H2 Mobility Phase 1 Completion
31st Jan 20137:01 amRNSCE Marking of Fuel Cell System
31st Jan 20137:00 amRNSHalf Yearly Report
3rd Jan 20137:00 amRNSImportant Intellectual Property Additions
6th Dec 20127:00 amRNSFuel Cell Durability Update
30th Nov 20127:00 amRNSAppointment of Lucas Bertrand
28th Nov 20127:00 amRNSGrant Award for an Advanced Refueling Product
26th Nov 20124:35 pmRNSPrice Monitoring Extension
26th Nov 20127:00 amRNSAgreement with AEG Power Solutions
19th Nov 20127:00 amRNSDECC Funding Award
15th Nov 20127:00 amRNSAdviser Change of Name
12th Nov 20127:00 amRNSUK Government Energy Storage Policy - Update
9th Nov 20127:00 amRNSEU funding for PEM Fuel Cell Innovation - IMPACT
2nd Nov 20127:00 amRNSAgreement with ABO Wind of Wiesbaden
12th Sep 201211:22 amRNSResult of AGM
3rd Sep 20127:00 amRNSLetter of Intent signed with German Utility
29th Aug 20127:00 amRNSShell and National Grid Join Gas Inject Project
21st Aug 20125:24 pmRNSNotice of AGM
14th Aug 20127:00 amRNSMarketing Update
8th Aug 20128:01 amRNSDirectors and Major Interests
3rd Aug 20125:00 pmRNSRESULTS OF FIRM PLACING AND OPEN OFFER
3rd Aug 20127:00 amRNSAgreement with GMI Energy
2nd Aug 20125:07 pmRNSGrant of Options
1st Aug 201212:16 pmRNSTotal Voting Rights

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.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.