Last checked at 17 Sep 2015 10:55
17 September 2015
ITM Power plc
("ITM Power" or "the Company")
Agreement to deploy a Solar Hydrogen Refuelling Station at The Centre for Engineering and Manufacturing Excellence (CEME) on the A13
ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has signed an agreement ("the Agreement") with The Centre for Engineering and Manufacturing Excellence (CEME) to deploy a Hydrogen Refuelling Station (HRS) at the CEME site in Rainham.
The CEME campus is ideally located on the A13 one of the main East London arterial roads between London City Airport and the M25, providing publically accessible refueling infrastructure to East London. The CEME site has one of the largest arrays of photo voltaics in the south of England, consisting of 717 panels designed to supply 115 kWs, which will provide power to the station. The station will be deployed as part of the HyFIVE project and will open to the public in Q2 2016.
HyFive, funded by the EU FCH JU (Fuel Cell and Hydrogen Joint Undertaking), is a pioneering £31 million project involving leading motor manufacturers, hydrogen fuel suppliers, the Mayor of London's Office and energy consultancies to make hydrogen vehicles a viable and environmentally friendly choice for motorists across Europe.
ITM Power was selected by the Hydrogen London to be the Hydrogen Refuelling Station partner for London. This resulted in an award of contract to supply three ITM Power electrolyser-based refuelling stations.
These three stations will be part of three European regions deploying six 700bar hydrogen refuelling stations and incorporate 12 existing stations in the project. The fuelling station networks will offer hydrogen as a genuine fuelling choice for end users. ITM Power's first HyFive station will be delivered to the National Physical Laboratory in Teddington in October 2015.
Dr Graham Cooley, CEO, ITM Power, commented: "ITM are delighted to announce the agreement with CEME. The deployment of a solar hydrogen refueling station at CEME will provide essential refueling infrastructure for East London."
Bill Williams CEO, CEME, commented: "As London's Centre for Engineering and Manufacturing Excellence CEME is excited to welcome this agreement with ITM. A technology leading solar hydrogen refuelling station is great news for East London."
ITM Power plc Graham Cooley, CEO | +44 (0)114 244 5111 |
CEME Bill Williams, CEO
Zeus Capital Dan Bate / John Treacy / John Goold | +44 (0)20 7596 5447
+44 (0)20 7533 7727
|
Tavistock Simon Hudson / James Collins |
+44 (0)20 7920 3150 |
About ITM Power plc:
ITM Power manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals. 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, £5.4m in 2012, £2m in 2013 and £10m in 2014 have been completed. The company received £4.9m as a strategic investment from JCB in March 2015. The Group currently has £10.49m of projects under contract and £0.30m of contracts in the final stages of negotiation.
www.itm-power.com
About CEME:
The Centre for Engineering and Manufacturing Excellence (CEME) is a stunning world-class research, business support, skills and education campus located in East London with a focus on supporting the engineering, manufacturing and technology sectors.
The CEME Campus is situated on the A13 in Rainham, close to both Canary Wharf and the M25. Part of a £400m regeneration programme in East London, CEME was established in 2003 to provide skills, create jobs and businesses that are revitalising London's industrial heartland. CEME is a UK registered charity and part of the London Thames Gateway Regeneration Scheme working in collaboration with public and private sector partners.
www.ceme.co.uk
About EU FCH JU:
The Fuel Cells and Hydrogen Joint Undertaking (FCH JU) is a unique public private partnership supporting research, technological development and demonstration (RTD) activities in fuel cell and hydrogen energy technologies in Europe. Its aim is to accelerate the market introduction of these technologies, realising their potential as an instrument in achieving a carbon-lean energy system.
Fuel cells, as an efficient conversion technology, and hydrogen, as a clean energy carrier, have a great potential to help fight carbon dioxide emissions, to reduce dependence on hydrocarbons and to contribute to economic growth. The objective of the FCH JU is to bring these benefits to Europeans through a concentrated effort from all sectors.
The three members of the FCH JU are the European Commission, fuel cell and hydrogen industries represented by the NEW Industry Grouping and the research community represented by Research Grouping N.ERG
http://www.fch.europa.eu/