Itm Power Regulatory News (ITM)

RNS Number : 2751N

ITM Power PLC

09 June 2010

 

9 June 2010

 

 

 

ITM Power plc

("ITM Power" or "the Company")

 

 

DHL and London Stansted Airport Sign Agreements to Trial ITM Power's Refueller

 

ITM Power, the energy storage and clean fuel company, is pleased to announce that DHL Supply Chain and London Stansted Airport have both signed agreements to participate in Hydrogen On Site Trials (HOST) of ITM Power's transportable high pressure refuelling unit (HFuel). The unit under construction is supported by a Technology Strategy Board (TSB) grant (announced February 2010) and partners Gateway to London and Revolve Technologies.

 

HOST will begin in 2011, and will see the operation and refueling of two Hydrogen Internal Combustion Engine (HICE) Revolve Technologies Ford Transit vehicles with hydrogen produced on site at the point of use, at sites operated by participating companies and in the Gateway to London development area.

 

Membership of HOST provides each partner with a one week free trial of HFuel and the two Revolve HICE transit vehicles, and an option to lease both HFuel and vehicles for additional weeks. The demonstrations will be 100% managed and operated by ITM Power personnel, in liaison with site owners' operations and management.

 

Commenting for ITM Power, CEO Graham Cooley said "We are delighted that such high profile transport logistics companies have agreed to join the HOST programme. They will appraise the potential of our technology to decarbonise return to base transport logisitics vehicles and address the important sustainability issue of eliminating the carbon footprint of their fuel supply. The trials are an important part of demonstrating the potential of ITM Power's HFuel technology to the marketplace and we expect other transport logistics companies to be joining the HOST scheme in the near future."

 

Keith Tress, Head of Engineering, Customer Management, DHL Supply Chain added "DHL is pleased to support ITM Power in the development of its Transportable High Pressure Hydrogen Refuelling Station and Hydrogen Internal Combustion Engines, which could make a significant contribution to our goal of reducing CO2 by 30 per cent by 2020."

 

David Johnston, Managing Director of London Stansted Airport Ltd, said "Despite air quality at Stansted Airport being well within UK and EU standards, at Stansted we are continually looking for new and innovative ways in which we can further reduce our emissions. This is reflected in the development of our new Air Quality Strategy and in this exciting new opportunity we are very proud to be part of with ITM Power. We look forward to discovering and testing how hydrogen could be developed as a viable alternative fuel for airport vehicles."

 

John Williams, Chief Executive of Gateway to London said "I am delighted to see major logistics companies have signed up to trial ITM Power's green hydrogen refuelling system along with improved performance HICE transit vans. Sustainable transport logistics will be vital for London to realise its recent launch of the Green Enterprise District. I congratulate the participant companies in grasping ITM Power's HOST opportunity and look forward to demonstration in the Thames Gateway development area of London."

 

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

 

ITM Power plc Graham Cooley, CEO	0114 244 5111
Panmure Gordon & Co. Andrew Godber	020 7459 3600
Tavistock Communications Simon Hudson / James Midmer	020 7920 3150

 

Notes to Editors

 

Revolve Technologies serves a diverse portfolio of multi-tier automotive and non-automotive clients across a broad spectrum of industries including car and commercial vehicle, transportation, infrastructure, agriculture, defence and energy. Revolve has OEM recognition, undertaking approved performance upgrades in the UK. Established as Roush Technologies Limited in the UK in 1995 and based in Brentwood, Essex, the business was acquired from its US parent, Roush Industries, by an investor group in 2007. www.revolve.co.uk/

 

Gateway to London is the Inward Investment agency for London Thames Gateway and works to maximise commercial opportunities in east London, bringing together businesses, landowners, developers, agencies and statutory bodies.The Gateway to London team provide a free, comprehensive and confidential service to anyone considering investing in London Thames Gateway, from identification of development opportunities, an extensive site and property service, funding and grants assistance and agent and Local Authority liaison, to a supporting information service.www.gtlon.co.uk/

 

 

This information is provided by RNS

The company news service from the London Stock Exchange