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: 49.68
Bid: 49.36
Ask: 49.64
Change: -1.32 (-2.59%)
Spread: 0.28 (0.567%)
Open: 52.00
High: 53.00
Low: 49.48
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
29th Jan 20167:01 amRNSHalf Yearly Report
29th Jan 20167:00 amRNSPlacing & Open Offer
21st Jan 20164:40 pmRNSSecond Price Monitoring Extn
21st Jan 20164:35 pmRNSPrice Monitoring Extension
12th Jan 20167:00 amRNSCEME and ITM Power to develop a hydrogen hub
11th Jan 20167:00 amRNSExercise of options
23rd Dec 20157:00 amRNSEnhanced Grid Balancing Services
7th Dec 20157:00 amRNSAgreement with Ove Arup & Partners
27th Nov 20157:00 amRNSPHAEDRUS: Advanced Refueling Project
24th Nov 20157:00 amRNSHFS Planning Permission at CEME
3rd Nov 20158:53 amRNSCorrection to RNS Reach 3270E
3rd Nov 20157:00 amRNSHydrogen Fuelling Station in California
19th Oct 20152:37 pmRNSToyota Fuel Contract and Delivery of FCEV
13th Oct 20159:16 amRNSToyota to Deliver Fleet of Mirai FCEVs to London
1st Oct 20157:00 amRNSAgreement with Symbio FCell and Arcola Energy
24th Sep 20158:00 amRNSHydrogen Mobility Europe Launch with E32m Funding
17th Sep 201510:55 amRNSSolar Hydrogen Station with CEME on A13 London
17th Sep 20157:00 amRNSLaunch of the M1 Hydrogen Refuelling Station
16th Sep 20152:26 pmRNSResult of AGM
10th Sep 201512:23 pmRNSForecourt Siting Partnership
10th Sep 201510:06 amRNSAppointment of Director
20th Aug 201511:00 amRNSThüga plant enters the balancing market in Germany
18th Aug 20154:16 pmRNSNotice of AGM
18th Aug 20157:28 amRNSRWE Launches Power to Gas Energy Storage System
31st Jul 20157:00 amRNSFinal Results
9th Jun 20157:00 amRNSTrading and Operations Update
5th Jun 20157:00 amRNSAppointment of Non-Executive Director
22nd Apr 20157:00 amRNSDirector/PDMR Shareholding
17th Apr 20154:40 pmRNSSecond Price Monitoring Extn
17th Apr 20154:35 pmRNSPrice Monitoring Extension
16th Apr 20157:00 amRNS0.5MW Electrolyser Sale to EMEC
30th Mar 20157:30 amRNSRestoration - ITM Power Plc
27th Mar 20154:20 pmRNS£2.89m Award for Two London Refuelling Stations
27th Mar 20154:14 pmRNSSuspension - ITM Power Plc
12th Mar 20157:00 amRNSStrategic Investment by JCB
2nd Mar 20157:00 amRNSStrategic Investor Update
18th Feb 20157:00 amRNSRWE Power-to-Gas System Delivered
29th Jan 20154:40 pmRNSSecond Price Monitoring Extn
29th Jan 20154:35 pmRNSPrice Monitoring Extension
29th Jan 20154:23 pmRNSHalf Yearly Report
28th Jan 20157:00 amRNSNew European Report on Power-to-Gas Energy Storage
20th Jan 20157:00 amRNSNew P2G Product Range, New Sales
6th Jan 201511:18 amRNSToyota FCEV Patents
5th Jan 20157:00 amRNSExpansion of Manufacturing Facilities
18th Dec 20147:00 amRNSSecond Contract with AMEC and National Grid
11th Dec 20147:00 amRNSSale of Second Major Power-to-Gas Plant
27th Nov 20147:00 amRNSHELES Project Funding
25th Nov 20147:00 amRNSThuega Power-to-Gas Project Update
19th Nov 20147:00 amRNSToyota Launches Mirai Fuel-Cell Electric Car
17th Nov 20147:00 amRNSEuropean bus commercialisation initiative

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.