Last checked at 4 Oct 2010 07:00
4 October 2010
ITM Power plc
("ITM Power" or "the Company")
Wind Technology Giant Vestas Joins ITM Power's Hydrogen On Site Trials
ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that Vestas Wind Systems AS ("Vestas") has signed an agreement to participate in the Hydrogen On Site Trials (HOST) of ITM Power's transportable high pressure refueling unit (HFuel). HFuel is currently being built with support from the Technology Strategy Board (TSB) and partners Gateway to London and Revolve Technologies, as announced in February 2010.
Vestas, headquartered in Denmark but with a worldwide presence, is the world leader in wind technology. It had a 12.5 per cent market share in 2009, a total of 40,659 turbines installed worldwide as at 31 December 2009, and has more than 30 years of experience in developing, manufacturing, installing and maintaining the world's best-performing wind turbines.
Commenting for ITM Power, CEO Graham Cooley said: "We are obviously delighted that Vestas, the world leader in the manufacture and installation of wind turbines, has joined our HOST programme. Their assessment of our energy storage: clean fuel technology, using wind energy, for decarbonising return to base logistics fleet vehicles, will provide ITM Power with incredibly useful data."
Mr Rob Sauven of Vestas Technology R&D, added:"Wind is an energy source on par with oil and gas and we are pleased to support ITM Power in the development of its Transportable High Pressure Hydrogen Refuelling Station to demonstrate the proposition of decarbonising vehicle fleets, using hydrogen derived from wind energy. This fits well with Vestas' goal of generating the greatest and most sustainable return on wind for our customers."
About HOST
HOST will begin in 2011, and comprises the operation and refueling of two Revolve Technologies hydrogen 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. Vestas joins DHL Supply Chain, London Stansted Airport, The Forestry Commission, Scottish Water, SSE (Scottish & Southern Energy) and local authorities Sheffield City Council and the London Borough of Camden who have recently joined the programme.
HOST provides each partner with a one week free trial of HFuel and the Revolve HICE transit vehicles, and an option to lease both HFuel and vehicles for additional week(s). The demonstrations are 100% managed and operated by ITM personnel in liaison with site owners' operations and management.
As part of the HOST programme ITM Power is actively seeking both technical partners interested in storing renewable energy, and commercial partners seeking to trial zero carbon fleets.
For further information please visit www.itm-power.com or contact:
| ITM Power plc Graham Cooley, CEO | 0114 244 5111 |
| Panmure Gordon & Co. Katherine Roe | 020 7459 3600
|
| Tavistock Communications Simon Hudson / Andrew Dunn | 020 7920 3150 |
| Vestas Technology UK Ltd Rob Sauven | 01983 201 776 |