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Spread: 1.90 (1.081%)
Market Cap: £1.21b
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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
13th Mar 20177:00 amRNSHRS Update
28th Feb 20177:22 amRNSAlign Research ITM Power update note release
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17th Feb 20178:05 amRNSDirector/PDMR Shareholding
16th Feb 201711:46 amRNSResult of General Meeting and TVR
2nd Feb 201712:07 pmRNSSecond Price Monitoring Extn
2nd Feb 201712:02 pmRNSPrice Monitoring Extension
27th Jan 20174:04 pmRNSPosting of Circular
26th Jan 201712:24 pmRNSConfirmation of Successful £5.7 million Fundraise
26th Jan 20179:36 amRNSClose of Accelerated Bookbuild
26th Jan 20177:00 amRNSProposed Accelerated Bookbuild
26th Jan 20177:00 amRNSHalf Year Results
11th Jan 20177:00 amRNSEuro 0.7 million Electrolyser Sale
12th Dec 20167:00 amRNS100MW electrolyser designs to launch at Hannover
1st Dec 20167:00 amRNSEU Directives to Drive Power-to-Gas Energy Storage
30th Nov 201610:32 amRNSOfgem Funding for UK Power-to-Gas
23rd Nov 201612:18 pmRNSFuel Contract with Anglo American
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18th Nov 20167:00 amRNSSale of 1.25 MW Electrolyser
14th Nov 20167:00 amRNSFuel Contract with Europcar
4th Nov 20167:00 amRNSFuel Contract with Hyundai Motor UK
21st Oct 20164:35 pmRNSPrice Monitoring Extension
14th Oct 20167:00 amRNSFuel Contract with Arval
11th Oct 201612:28 pmRNSHydrogen Vehicle Rally, Solar HRS Launch in London
22nd Sep 20167:00 amRNSUpgrade to M1 Hydrogen Refuelling Station
16th Sep 20164:35 pmRNSPrice Monitoring Extension
15th Sep 201611:40 amRNSResult of AGM
7th Sep 20167:00 amRNSAppointment of new MD to German subsidiary
26th Aug 20167:00 amRNSITM Power signs Fuel Contract with Arcola Energy
23rd Aug 20167:00 amRNSFuel Contract with Commercial Group
1st Aug 20164:40 pmRNSSecond Price Monitoring Extn
1st Aug 20164:35 pmRNSPrice Monitoring Extension
29th Jul 20167:00 amRNSFinal Results
29th Jun 20167:00 amRNSRefuelling Station sale to Hydrogène de France
24th Jun 20164:12 pmRNSUpdate on Pipeline
14th Jun 20169:16 amRNSEuropean Hydrogen Refuelling Stations Project
13th Jun 201610:57 amRNSThuga Group Power-to-Gas Operational Update
16th May 20167:00 amRNSHydrogen Fleet User Workshops and Ride & Drive
10th May 201612:40 pmRNSFirst London HyFive Hydrogen Refuelling station
10th May 20167:00 amRNSMoU with Good Energy to Explore Energy Tariffs
4th May 20167:00 amRNSMarketing Update
28th Apr 20167:00 amRNS1.5 MW Electrolyser Deployment in Scotland
19th Apr 20167:00 amRNSEuro 2.75m Cost Reduction Grant
8th Apr 20167:00 amRNSBOC Refuelling Agreement
31st Mar 20167:00 amRNS1MW System Sale to ZEAG Energie AG
3rd Mar 20167:00 amRNSTrading & Operations Update
16th Feb 201612:04 pmRNSCompletion of fundraise, result of GM & Open Offer
29th Jan 20167:01 amRNSHalf Yearly Report
29th Jan 20167:00 amRNSPlacing & Open Offer

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