If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksProton Mtr Pwr Regulatory News (PPS)

  • There is currently no data for PPS

Order for the Orkneys "Surf and Turf" project

23 May 2016 07:00

RNS Number : 9336Y
Proton Power Systems PLC
23 May 2016
 

 

 

23 May 2016

 

Proton Power Systems plc

 

("Proton" or the "Company")

 

 

Order for 75kVA Containerized Fuel Cell Stationary Power System for the Orkney Islands "Surf and Turf" project

 

Proton Power Systems plc (AIM: PPS), a clean tech total power solution provider and designer, developer and producer of fuel cells and fuel cell electric hybrid systems, is proud to announce, that it has received an order for a 75kVA containerized fuel cell stationary power system for the Orkney Islands "Surf and Turf" project.

The 'Surf and Turf' project involves generating hydrogen from wind and tidal energy and using it as the energy storage medium. The hydrogen is used to provide electricity for the Orkney Islands harbour. The wind and seas around the Orkney Islands provide an abundance of renewable energy resources. Through concerted efforts, communities like Orkney Islands are now starting to see the benefits of ownership of renewable power generation capacity. This project will see the Orkney Islands take a small, but important, step towards rising to the challenge of managing the limits of its energy infrastructure. This project will help unlock the constraints imposed by 20th century power cables and a is great demonstration of how our technology can help overcome the shortcomings of the local electricity grid.

Proton will provide a 75kVA containerized fuel cell stationary power system for a total contract value of more than €0.5 million to be delivered in 2016.

Faiz Francoise Nahab Ph.D., CEO of Proton, said: "This is a very important order for us. The fuel cell system is based on our 25kVA system, which is operated in a modular mode. The container has all necessary components to be connected to the local grid. Proton is responsible for the turn key delivery of the container. We hope to see more applications in this market sector and more islands like the Orkney Islands taking a proactive role. Proton expects a fast growing demand worldwide for this type of applications. Storing wind and solar energy is a big challenge and we have the right solution to use such green energy in stationary or mobile applications".

 

- Ends -

 

 

For further information:

Proton Power Systems plc

Dr Faiz Nahab, CEO

Achim Loecher, FD

Ian Peden, Chairman

Tel: +49 (0) 89 127 626 550

Tel: +49 (0) 162 101 6470

 

www.protonpowersystems.com

 

 

Stockdale Securities Limited

Nominated adviser and broker

 

Tel: +44 (0) 20 7601 6100

Antonio Bossi / David Coaten

www.stockdalesecurities.com

 

 

About Proton Motor

Proton Motor is an expert in industrial fuel cells, fuel cell and hybrid systems with more than 21 years of experience in this sector. Based in Puchheim near Munich, Proton Motor offers complete fuel cell and hybrid systems from a single source - from the development and production through the implementation of customized solutions. The focus of Proton Motor is on mobile, marine and stationary solutions and applications. The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customized systems.

 

Proton Motor serves IT, Telecoms, public infrastructure and healthcare customers in Germany, Europe and Middle East with power supply solutions for DC and AC power demand. In addition to power supply, SPower also offers solutions for Solar Systems as well as a new product line for Solar Energy Storage. With the SPower expertise, Proton Motor can offer complete power supply solutions with fuel cell and all electrical components.

 

Proton Motor Fuel Cells GmbH is wholly owned subsidiary of Proton Power Systems plc. The Company has been listed on the London Stock Exchange since October 2006 (code: PPS).

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCQBLFLQEFEBBX
Date   Source Headline
17th Feb 20257:00 amRNSCancellation - PROTON MOTOR POWER SYSTEMS PLC
14th Feb 20257:00 amRNSLast day of dealings on AIM
10th Feb 20256:00 pmRNSProton Motor Power Systems
7th Feb 20251:00 pmRNSResult of General Meeting
20th Jan 20257:00 amRNSProposed cancellation of trading on AIM
30th Dec 20247:00 amRNSUpdate on financing and proposed AIM cancellation
20th Nov 20247:00 amRNSFinancing update & proposed cancellation from AIM
29th Oct 20247:00 amRNSFollow-up order from DB Bahnbau Gruppe
28th Oct 20241:00 pmRNSDirectorate Change
24th Oct 20241:07 pmRNSSelection for EU Innovation Fund Process
23rd Sep 202412:33 pmRNSUpdate on operations
18th Sep 202410:20 amRNSHalf-year Report
10th Sep 20242:00 pmRNSDirectorate Change
9th Sep 20247:00 amRNSDirectorate Change
22nd Aug 20247:00 amRNSFinancing update
30th Jul 202410:45 amRNSResult of General Meeting
12th Jul 20247:00 amRNSNotice of General Meeting
28th Jun 20241:11 pmRNSResult of AGM
28th Jun 20247:00 amRNSFinal Results
28th Jun 20247:00 amRNSNew Loan Facility
26th Jun 20242:37 pmRNSVariation to Loan Agreement
25th Jun 20247:00 amRNSFollow-Up Order from DB Bahnbau Gruppe
12th Jun 20247:00 amRNSFollow-Up Order from H2tec AG
11th Jun 20247:00 amRNSNotice of Annual General Meeting
4th Jun 20247:00 amRNSCompletion of follow-on order from DB Bahnbau
22nd May 20247:00 amRNSDirectorate Change
8th May 20247:00 amRNSManagement of Cost Base
23rd Apr 20246:07 pmRNSDirector dealing
28th Mar 20245:00 pmRNSTotal Voting Rights
26th Mar 20247:00 amRNSDirector dealing
20th Mar 202410:21 amRNSDirector dealing
8th Mar 20247:00 amRNSIssue of Equity and Total Voting Rights
5th Mar 20244:21 pmRNSIssue of Equity
27th Feb 20247:00 amRNSFull Year Trading Update
10th Jan 20247:00 amRNSIntroduction of new hydrogen fuel cell system
28th Nov 20237:00 amRNSIssue of Equity
27th Nov 20237:00 amRNSFollow-Up Order from GKN Hydrogen and Grant Award
14th Sep 20237:00 amRNSHalf-year Report
11th Sep 20237:00 amRNSChange to Director Roles and Responsibilities
4th Sep 20237:00 amRNSOfficial presentation of new production facility
17th Aug 20237:00 amRNSNotice of Investor Event
25th Jul 20237:00 amRNSNew Order for a Standalone Fuel Cell System
13th Jul 20237:00 amRNSRepeat order from DB Bahnbau Gruppe
30th Jun 20232:48 pmRNSResult of AGM
20th Jun 20237:00 amRNSFinal Results
20th Jun 20237:00 amRNSVariation to Loan Agreement
16th Jun 20239:33 amRNSInvestor Webinar
2nd Jun 20237:00 amRNSNew order from University of Stuttgart
31st May 20237:00 amRNSAppointment of Non-Executive Director
5th May 20237:00 amRNSNew order from Shell Renewables & Energy Solutions

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.