Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksProton Mtr Pwr Regulatory News (PPS)

Share Price Information for Proton Mtr Pwr (PPS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.45
Bid: 2.30
Ask: 2.60
Change: 0.00 (0.00%)
Spread: 0.30 (13.043%)
Open: 2.45
High: 2.45
Low: 2.45
Prev. Close: 2.45
PPS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
24th Sep 20092:47 pmRNSDebenture Agreement
31st Jul 200910:49 amRNSLoan Agreement
29th Jul 20093:43 pmRNSDirectors' Dealings
24th Jul 20094:10 pmRNSGrant of Options
23rd Jul 200912:20 pmRNSResult of AGM
16th Jul 200911:28 amRNSDirector Shareholding
15th Jul 20097:00 amRNSDelivery of fuel cell street cleaning vehicle
30th Jun 20097:00 amRNSFinal Results
23rd Jun 200910:30 amRNSNotice of Final Results
27th May 20097:00 amRNSContract manufacturing with Deutsche Mechatronics
12th May 200911:28 amRNSHolding(s) in Company
11th May 20097:00 amRNSLaunch of triple-hybrid fuel cell city bus
29th Apr 20096:17 pmRNSDirector shareholding and Convertible Loan Agmt
24th Mar 20097:00 amRNSISO 9001 quality management certification
17th Feb 20091:46 pmRNSDirector/PDMR Shareholding
13th Feb 20093:45 pmRNSEquity Issue and Director Shareholding
29th Jan 20093:30 pmRNSDirectorate Change
16th Jan 20095:01 pmRNSDirector/PDMR Shareholding
13th Jan 20097:00 amRNSIssue of Equity and Total Voting Rights
23rd Dec 20083:10 pmRNSEquity Subscription
12th Dec 20089:20 amRNSDirectorate Change
11th Nov 20082:21 pmRNSResignation of Director
6th Nov 20083:17 pmRNSDirector/PDMR Shareholding
6th Nov 20081:56 pmRNSResults of General Meeting
24th Oct 200810:28 amRNSTotal Voting Rights
23rd Oct 20082:51 pmRNSHolding(s) in Company
23rd Oct 20089:31 amRNSHolding(s) in Company
13th Oct 20085:00 pmRNSPosting of Circular
10th Oct 20089:30 amRNSHolding(s) in Company
7th Oct 20087:00 amRNSZemship award win
6th Oct 20087:00 amRNSIssue of Equity
2nd Oct 20083:58 pmRNSGrant of Options
25th Sep 20087:01 amRNSSubscription of 20,000,000 new Ordinary Shares
25th Sep 20087:00 amRNSInterim Results
16th Sep 20087:00 amRNSapproval by leading global service organisation
1st Sep 20087:00 amRNSAppointment of Non-Executive
29th Aug 20087:00 amRNSWorld's first fuel cell-drive
31st Jul 200810:30 amRNSAppointment of adviser
30th Jul 20087:00 amRNSAppointment of Chief Executiv
23rd Jul 200810:32 amRNSResult of AGM & Directorate C
10th Jul 20087:00 amRNSDirectorate Change
9th Jul 20083:55 pmRNSRe: Nominated Adviser and Bro
30th Jun 20089:00 amRNSAnnual Report and Accounts
27th Jun 20082:30 pmRNSFinal Results
20th Jun 200810:09 amRNSHolding(s) in Company
17th Jun 20087:00 amRNSProton wins the Bavarian Inno
16th Jun 20084:04 pmRNSHolding(s) in Company
4th Jun 20088:48 amRNSHolding(s) in Company
2nd Jun 200810:26 amRNSHolding(s) in Company
30th May 200810:47 amRNSTotal Voting Rights

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.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.