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: 51.25
Bid: 51.15
Ask: 51.55
Change: 0.25 (0.49%)
Spread: 0.40 (0.782%)
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 Nov 20217:00 amRNSFunding for Whitelee Phase 1 10MW Electrolyser
18th Nov 20211:03 pmRNSHolding(s) in Company
18th Nov 20211:03 pmRNSHolding(s) in Company
18th Nov 202112:27 pmRNSHolding(s) in Company
17th Nov 20215:10 pmRNSDirector/PDMR Shareholding
16th Nov 20211:07 pmRNSResignation of Tom Rae as Non-executive Director
15th Nov 202112:19 pmRNSResult of Meeting and Completion of Capital Raise
15th Nov 20217:00 amRNS12MW Electrolyser Sale
9th Nov 20217:00 amRNSIntention to Purchase Site for Second Giga Factory
5th Nov 20213:49 pmRNSBlock listing Six Month Return
1st Nov 20213:37 pmRNSTotal Voting Rights
29th Oct 202112:06 pmRNSResult of AGM
28th Oct 202112:50 pmRNSRe-Issue of Notice of General Meeting
18th Oct 20213:25 pmRNSDirector/PDMR Shareholding
15th Oct 20217:00 amRNSResults of Capital Raise and Notice of Meeting
14th Oct 20214:42 pmRNSDirector/PDMR Shareholding
14th Oct 20214:41 pmRNSTrading Update
14th Oct 20214:40 pmRNSProposed Accelerated Capital Raise
8th Oct 20217:00 amRNSFunding for Refhyne II
4th Oct 20214:19 pmRNSNotice of AGM
1st Oct 202111:27 amRNSTotal Voting Rights
15th Sep 20215:51 pmRNSDirector/PDMR Shareholding
13th Sep 20217:00 amRNSFinal Results
2nd Sep 20217:00 amRNSNotice of Results
1st Sep 20213:21 pmRNSTotal Voting Rights
17th Aug 20214:30 pmRNSDirector/PDMR Shareholding
17th Aug 20214:06 pmRNSGigafactory Official Opening, UK Hydrogen Strategy
2nd Aug 20215:37 pmRNSTotal Voting Rights
15th Jul 20214:39 pmRNSDirector/PDMR Shareholding
7th Jul 20217:36 amRNSSumitomo and Tokyo Gas Demonstration Project
2nd Jul 20212:10 pmRNSRefhyne I Start-up in Germany
1st Jul 20215:23 pmRNSTotal Voting Rights
28th Jun 20217:00 amRNSEnergy and Mining Ministry Delegation from Chile
16th Jun 20218:45 amRNSDirector/PDMR Shareholding
10th Jun 20217:00 amRNSTrading Update
1st Jun 202112:57 pmRNSTotal Voting Rights
19th May 20213:57 pmRNSDirector/PDMR Shareholding
18th May 20217:00 amRNSNotice of Trading Update and Investor Presentation
4th May 20214:16 pmRNSTotal Voting Rights
4th May 20217:00 amRNSITM Motive Becomes a Separate Limited Company
19th Apr 20217:00 amRNSElectrolyser Sale to Linde for H2Pioneer, Austria
15th Apr 202110:00 amRNSDirector/PDMR Shareholding
12th Apr 20217:00 amRNS20MW Electrolyser with ScottishPower, UK’s Largest
9th Apr 20212:11 pmRNSGreen Hydrogen Project with Linde Engineering
8th Apr 202110:31 amRNSPublication of Inaugural ESG Report
1st Apr 20213:33 pmRNSTotal Voting Rights
18th Mar 20217:00 amRNSSale of 1.4MW Electrolyser to Sumitomo
17th Mar 202112:54 pmRNSPDMR Dealings – Buy as You Earn Scheme
26th Feb 20219:04 amRNSPlanned 100MW expansion of Shell refinery project
17th Feb 20214:55 pmRNSDirector/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.

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.