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: 51.00
Bid: 49.80
Ask: 68.00
Change: 0.00 (0.00%)
Spread: 18.20 (36.546%)
Open: 0.00
High: 0.00
Low: 0.00
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
4th Feb 20217:04 amRNSTotal Voting Rights
4th Feb 20217:03 amRNSBlock listing Interim Review
28th Jan 20217:00 amRNSHalf-year Report
13th Jan 202111:00 amRNSSale to Linde of World’s Largest PEM Electrolyser
12th Jan 20217:00 amRNSSupport Partnership with Optimal for Australia
8th Jan 20217:00 amRNSEU Award for Offshore Green Hydrogen Production
4th Jan 20217:00 amRNSGigafactory Update and Notice of Results
14th Dec 202012:23 pmRNSDirector/PDMR Shareholding
7th Dec 202012:00 pmRNSLinde and Snam Agreement Signed
3rd Dec 20207:00 amRNSAppointment of Non-executive Director
27th Nov 20201:57 pmRNSResult of EGM
17th Nov 20207:01 amRNSPDMR Purchases & LTIP Awards
17th Nov 20207:00 amRNSHolding(s) in Company
11th Nov 202011:55 amRNSResult of General Meeting, Open Offer & TVR
29th Oct 202011:47 amRNSResult of AGM
23rd Oct 20207:02 amRNSGrants under Long Term Incentive Plan
23rd Oct 20207:00 amRNSResults of Placing and Open Offer
22nd Oct 20205:49 pmRNSFinal Results
22nd Oct 20205:39 pmRNSPlacing, Investment by Snam and Open Offer
2nd Oct 20203:24 pmRNSTotal Voting Rights
1st Oct 20207:00 amRNSNotice of AGM
16th Sep 20207:00 amRNSStrategic Partnership and 10MW Electrolyser
1st Sep 20204:07 pmRNSTotal Voting Rights
3rd Aug 20203:34 pmRNSTotal Voting Rights
3rd Aug 20203:32 pmRNSBlock listing Interim Review
13th Jul 20207:00 amRNSRetirement of Non-Executive Director
8th Jul 202012:26 pmRNSEC Hydrogen Strategy Launched
2nd Jul 202012:20 pmRNSTotal Voting Rights
16th Jun 20207:10 amRNSDirector/PDMR Shareholding
10th Jun 20207:00 amRNSDirector/PDMR Shareholding
8th Jun 20207:00 amRNSTrading Update
2nd Jun 20204:24 pmRNSTotal Voting Rights
22nd May 20207:07 amRNSH2OzBus Project in Australia
15th May 20207:00 amRNSFormation of ITM Motive & Appointment of MD
6th May 20207:00 amRNSAppointment of Non-executive Director
1st May 20207:00 amRNSTotal Voting Rights
30th Apr 20207:00 amRNSFunding Award to Supply an 8MW Electrolyser
16th Apr 20209:52 amRNSGreen Hydrogen for Humberside
15th Apr 20204:50 pmRNSHolding(s) in Company
14th Apr 202011:49 amRNSHolding(s) in Company
2nd Apr 202011:13 amRNSTotal Voting Rights
24th Mar 20204:42 pmRNSSecond Price Monitoring Extn
24th Mar 20204:38 pmRNSPrice Monitoring Extension
13th Mar 20204:41 pmRNSSecond Price Monitoring Extn
13th Mar 20204:36 pmRNSPrice Monitoring Extension
2nd Mar 20205:11 pmRNSTotal Voting Rights
24th Feb 20203:40 pmRNSBlock Listing Application - Total Voting Rights
18th Feb 20207:00 amRNSGigastack Phase 2 Funding
30th Jan 20202:54 pmRNSBlock Listing Application and TVR
27th Jan 20207:00 amRNSHalf-year Report

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.