Itm Power Regulatory News (ITM)

24 July 2013

ITM Power plc

("ITM Power" or the "Company")

Participation in Swiss H2Mobility

Momentum for Hydrogen Continues to Build

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce its participation in Swiss H2Mobility which follows on from the national programmes of Germany, UK, France, Denmark and the USA.

The Swiss Federal Office supports the proposed H2-Mobility Swiss Initiative. The office has and will continue to facilitate the Initiative's activities, which have already included the "Assessment of key technical, economic and political factors" published in March 2013 and will include the implementation of Phase 1 in the form of a pilot and demonstration project from the autumn of 2013 to mid-2015. This will involve the development of the necessary framework, operation of demonstration sites and vehicles and the preparation of Phase 2, planned for July 2015 to December 2020, comprising the rollout of the initial infrastructure and fuel cell electric vehicles (FCEVs).

The initial assessment was supported by the Federal Office of Energy, the Canton of Aargau and the Paul Scherrer Institute. The analysis was published on the web site of the Federal Office in May 2013 and is publicly available.

Implementation of H2Mobility Swiss is planned in two phases:

Phase 1 - The Pilot and Demonstration Project will be the key enabler for the commercial roll-out of hydrogen fueling stations (HRS) based on the automotive OEM's FCEV commercialisation plans. It will deal with the necessary technical, political and regulatory framework to support preparation of commercial roll out in Phase 2. This will also include proof of concept via the demonstration of HRS's and vehicles. It shall therefore establish the next step of the initiative.

Phase 2 - From mid-2015 a follow-up initiative in the form of a Lighthouse Project is proposed to realise and implement the broader introduction of HRS's and FCEVS out to 2020.

The Federal Office of Energy is preparing the new 'Energy Strategy 2050' which will be subject to a public vote in 2014, thus establishing the requested framework for a stronger and growing role of renewable energies in Switzerland. Phase 2 of the project will be embedded in the associated activities and start in the middle of 2015 to allow the requested lead times for the build-up of infrastructure and the supply of vehicles.

ITM Power CEO, Graham Cooley, commented: "Hydrogen fuel is being deployed all over Europe in time for the mass roll out of Hydrogen Fuel Cell Electric Vehicles by the major automotive OEM's; we are delighted to be part of the Swiss Initiative."

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

About ITM Power

ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and raised its initial funding of £10m gross in its IPO. Further funding rounds of £28.5m in 2006 and £5.4m in 2012 have been completed. The Company has now made the transition from a research and development company to a product manufacturer and technology provider. The Company has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions. The Company has been successful in developing strategic industry partnerships in the following projects:

·; Participation in French Hydrogen Infrastructure Programme

http://www.itm-power.com/news-item/participation-in-french-hydrogen-infrastructure-programme/

·; Membership of the Californian Hydrogen Business Council Hydrogen Energy Storage Program

http://www.itm-power.com/news-item/itm-power-joins-californian-hydrogen-business-council-hydrogen-energy-storage-hes-program/

·; German Energy Agency Power-to-gas Strategy Platform

http://www.itm-power.com/news-item/itm-power-joins-german-energy-agencys-power-to-gas-strategy-platform/

·; Incorporation of ITM Power ApS Denmark

http://www.itm-power.com/news-item/incorporation-of-itm-power-aps-in-denmark/

·; Participation in H2USA

http://www.itm-power.com/news-item/participation-in-h2usa/

·; Participation in North Sea Power-to-Gas Platform

http://www.itm-power.com/news-item/participation-in-north-sea-power-to-gas-platform/

·; First Sale of 'Power-to-Gas' Plant in Germany

http://www.itm-power.com/news-item/first-sale-of-power-to-gas-plant-in-germany/

·; First Sale in Russia

http://www.itm-power.com/news-item/first-sale-in-russia/

·; First Sale in Japan

http://www.itm-power.com/news-item/first-sale-in-japan/

·; Electrolysis to play a key role in Hydrogen Roadmap for UK

http://www.itm-power.com/news-item/electrolysis-to-play-a-key-role-in-hydrogen-roadmap-for-uk/

·; CE Marking of Fuel Cell System for Materials Handling

http://www.itm-power.com/news-item/ce-marking-of-fuel-cell-system-for-materials-handling/

·; EU Funding for Advanced Refuelling Project

http://www.itm-power.com/news-item/e3-59m-grant-award-for-an-advanced-refueling-product/

● AEG Power Solutions electrolyser integration with power electronics

http://www.itm-power.com/news-item/rapid-response-electrolyser-power-systems-integration/

·; DECC Funding Award for the Production of Synthetic Methane

http://www.itm-power.com/news-item/decc-funding-award-for-the-production-of-synthetic-methane/ 

·; EU Funding for PEM Fuel Cell Innovation - IMPACT

http://www.itm-power.com/news-item/eu-funding-for-pem-fuel-cell-innovation-impact/

·; Agreement with ABO Wind of Wiesbaden, Germany

http://www.itm-power.com/news-item/agreement-with-abo-wind-of-wiesbaden-germany/

·; Shell and National Grid Join Gas Inject Project

http://www.itm-power.com/news-item/shell-and-national-grid-join-gas-inject-project/

·; EcoIsland TSB Funding

http://www.fuelcelltoday.com/news-events/news-archive/2012/july/ecoisland-progresses-tsb-grant-awarded-for-isle-of-wight-integrated-hydrogen-project

·; 700bar Dispensing Collaboration in Germany

http://www.itm-power.com/news-item/700bar-dispensing-collaboration-in-germany/

·; Marks & Spencer Pilot Materials Handling Fuel Cell Project

http://www.itm-power.com/news-item/ms-agreement/

·; UKH2Mobility with leading auto OEM's, UK Gov't and industrial gas companies

http://www.itm-power.com/about-itm/partners/?id=49

·; EcoIsland with Toshiba, IBM, Cable & Wireless, SSE and Southern Water

http://www.itm-power.com/about-itm/partners/?id=46

·; Boeing Unmanned Aircraft System Refueller

http://www.itm-power.com/news-item/agreement-with-boeing/

·; Electrolyser Distribution with Horizon Fuel Cells

http://www.horizonfuelcell.com/fuel_solutions_hbox.htm

·; CREO with Ford, Jaguar Land Rover and Johnson Matthey

http://www.itm-power.com/about-itm/partners/?id=45

·; Exclusive European distribution rights for Materials Handling Fuel Cells

http://www.itm-power.com/news-item/exclusive-european-distribution-rights-for-materials-handling-fuel-cells/

·; Sale of Equipment to EADS

http://www.itm-power.com/news-item/sale-of-equipment-to-eads/

·; EU Grant Award for PEM Water Electrolysers Coupled to Renewable Power Sources

http://www.itm-power.com/news-item/eu-grant-award-for-pem-water-electrolysers-coupled-to-renewable-power-sources/

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