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Pin to quick picksItm Power Regulatory News (ITM)

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Spread: 0.60 (0.478%)
Market Cap: £866.20m
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Progress Report

4 Dec 2006 07:02

ITM Power PLC04 December 2006 Monday, 4 December 2006 ITM Power Plc ("ITM" or "the Company") Progress Report Subsequent to this morning's announcement on the collaboration with ABRO, aTrading Fund of the Ministry of Defence, the Director's of ITM Power wish toprovide the following update on the joint development programme for the use ofelectrolytic hydrogen in vehicle engines with the University of Hertfordshire. •The operation of a diesel engine using a small addition of electrolytic hydrogen from an on-board ITM electrolyser to the existing diesel fuel: The Company has instituted a series of tests using the expert resources of theUniversity to determine if an admixture of hydrogen to diesel fuel can in somecircumstances significantly improve the operation of the diesel engine, reducingboth fuel consumption and emissions. As a result of initial tests, the University has reported significantimprovements in the steady speed power output of a diesel engine when suppliedwith hydrogen, indicating that the addition of hydrogen has a positive impact inthe compression ignition combustion process. This would be expected to convertinto fuel savings if the hydrogen was supplied by an ITM electrolyser mountedon-board the vehicle, though the extent of the fuel savings will depend upon theduty cycle of the vehicle. While no formal trials have yet been reported, theCompany has been advised by the University that in addition it expectssignificant improvements to be achieved to the emissions output from the engine. These early results from the diesel engine tests have established the technicalbasis for the MoU announced today. ITM anticipate that an extended series oftrials involving a range of different engines and operational conditions will benecessary to define the full potential of the technology. This trial programmecould take more than 6 months to complete. In view of the commercial sensitivity and potential value of these results it isnot expected that any further technical up-dates regarding this collaborationwill be made until trials have been completed. •Development of a Home Electrolyser Refuelling System and Bi-fuel car The second activity concerns the development of a home Electrolyser Refuelling System and Bi-Fuel car. This is intended to demonstrate the ability to refuel anexisting petrol engined car with hydrogen anywhere that has access to water andelectricity. The car should run entirely on hydrogen for up to 25 miles beforeautomatically switching to petrol for longer journeys. This project isprogressing satisfactorily and, as planned, is on track to roll out a 10kW ITMelectrolyser home refuelling device and a Bi-Fuel vehicle before the end of June2007. This aspect of ITM's work is not included in the MoU with ABRO and thusthere are no commercial restrictions on the Company making further technicalannouncements as this project proceeds. Ends For further information please contact: Gemma ChandlerITM Power PlcTel: 01799 532 860Mob: 07921 057712 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
1st Dec 20214:00 pmRNSTotal Voting Rights
1st Dec 20217:00 amRNSNotice of Trading Update
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18th Nov 20211:03 pmRNSHolding(s) in Company
18th Nov 202112:27 pmRNSHolding(s) in Company
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29th Oct 202112:06 pmRNSResult of AGM
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14th Oct 20214:41 pmRNSTrading Update
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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
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17th Aug 20214:30 pmRNSDirector/PDMR Shareholding
17th Aug 20214:06 pmRNSGigafactory Official Opening, UK Hydrogen Strategy
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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
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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

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