ITM Power - Elektrolyse und Brennstoffzelle
eröffnet am 18.09.09 11:36:31 von
neuester Beitrag 05.08.20 08:23:07 von
neuester Beitrag 05.08.20 08:23:07 von
ISIN: GB00B0130H42 | WKN: A0B57L | Symbol: IJ8
2,526
£
04.08.20
London
+0,25 %
+0,006 GBP
historischer Thread: ITM-POWER: ein MISSING-LINK für die Solarwirtschaft
RNS Number : 2875Z
ITM Power PLC
18 September 2009
ITM Power plc (the 'Company')
Application has been made to the London Stock Exchange for admission to AIM for a block listing of 9,240,250 Ordinary Shares of 5p each.
These shares, ranking pari passu in all respects with the existing shares in issue, will be allotted pursuant to the exercise of options and to the rules of the following schemes:-
ITM Power plc Approved Share Option Scheme 2,970,750 shares
ITM Power plc Unapproved Share Option Scheme 6,269,500 shares
These shares will not be allotted immediately but as and when the scheme rules allow.
It is expected that admission will become effective in the Ordinary Shares on 18 September 2009
RNS Number : 2875Z
ITM Power PLC
18 September 2009
ITM Power plc (the 'Company')
Application has been made to the London Stock Exchange for admission to AIM for a block listing of 9,240,250 Ordinary Shares of 5p each.
These shares, ranking pari passu in all respects with the existing shares in issue, will be allotted pursuant to the exercise of options and to the rules of the following schemes:-
ITM Power plc Approved Share Option Scheme 2,970,750 shares
ITM Power plc Unapproved Share Option Scheme 6,269,500 shares
These shares will not be allotted immediately but as and when the scheme rules allow.
It is expected that admission will become effective in the Ordinary Shares on 18 September 2009
10 December 2009
ITM Power plc ("the Company")
Total Voting Rights - Voting Rights and Capital
In conformity with 5.6.1 of the Disclosure and Transparency Rules, the Company notifies the market of the following:
The issued share capital consists of 102,433,235 ordinary shares of 5p each with voting rights. No ordinary shares are held in treasury.
The above figure of 102,433,235 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.
ITM Power plc ("the Company")
Total Voting Rights - Voting Rights and Capital
In conformity with 5.6.1 of the Disclosure and Transparency Rules, the Company notifies the market of the following:
The issued share capital consists of 102,433,235 ordinary shares of 5p each with voting rights. No ordinary shares are held in treasury.
The above figure of 102,433,235 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.
8 March 2010
ITM Power Plc
("ITM Power" or "the Company")
Agreement with Ballast Nedam Sustainablity Services
ITM Power (AIM: ITM), the energy storage and clean fuel company, is delighted to announce that it has signed a Memorandun of Understanding with Ballast Nedam Sustainability Services B.V. ("B-N") part of the Ballast Nedam Group, a Dutch construction and infrastructure development company, of Ringwade 71, 3439 LM Nieuwegein, Netherlands, for the exclusive provision of hydrogen energy systems for the the "Autarc"(autonomous floating office). ITM will contribute its design and technology expertise to the Autarc project to produce a self contained clean energy system. Ballast Nedam and ITM will seek to apply such solutions in the domestic built environment and Ballast Nedam will have exclusive rights to do so in the Benelux group of countries.
Dr Graham Cooley, CEO ITM Power commented; "The agreement with Ballast Nedam Sustainability Services provides ITM with an excellent opportunity to show case its energy storage and clean fuel technology in an "off-grid" situation. The Autarc, will be sited at various locations around the world, to demonstrate the virtues of a green office or green home environment based on hydrogen technology. ITM Power and Ballast Nedam will in addition be addressing the application of zero-carbon sustainable domestic buildings within the Benelux group of countries".
"Ballast Nedam is a major player in infrastructure and construction projects in the Netherlands and we look forward to providing expertise to add value to the sustainable proposition of their projects."
Mr Ron Von Wilk, Director of Ballast Nedam Sustainability Services, stated "We are very pleased to be working with ITM Power and their unique energy storage, clean fuel technology that enables renewable sources of energy, such as solar or wind, to be used for power, heating or cooking using green hydrogen, whenever needed.
Ron added, "ITM's technology, combined with Ballast Nedam's building design and construction expertise in deploying state of the art energy conservation methods, is just what is needed in order to enable buildings to become zero carbon for energy. We believe the Autarc project will mark the beginning of a very rewarding partnership for both companies in delivering truly world beating sustainable, zero carbon building solutions."
The Autarc http://www.autarc.nl/show/en/home
The Autarc is an architecturally highly advanced houseboat / floating office that is a hundred percent self-sustaining in both its water and electrical requirements. This highly ambitious pilot project sets both an example and a new standard in the field of environmental care (our aim: an "outstanding" Breeam-score).
Not a single compromise is made in aesthetics or user comfort, quite the contrary! The Autarc proves that living and working on the water in exceeding style and comfort is possible even without being connected to external water, electricity and sewage systems.
Notes to Editors:
Ballast Nedam is a Dutch group of companies which offers a wide range of products and services related to construction and infrastructure development. Ballast Nedam Sustainability Services delivers sustainable total solutions in the built environment, by offering an integrated blend of specialties and operations in all phases of the construction process. This includes the use of a results-oriented sustainability policy. http://www.ballast-nedam.nl/
ITM Power has developed a range of materials and technology to reduce the cost of hydrogen production. The company is developing equipment to convert renewable energy to a clean fuel; storing the energy as green hydrogen for decarbonising transport, industrial and residential applications. ITM is showcasing its products for the first time at the Hanover Messe on 19th -23rd April 2010. www.itm-power.com
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 / Ashton Clanfield
020 7459 3600
Tavistock Communications
Simon Hudson / James Midmer
020 7920 3150
ITM Power Plc
("ITM Power" or "the Company")
Agreement with Ballast Nedam Sustainablity Services
ITM Power (AIM: ITM), the energy storage and clean fuel company, is delighted to announce that it has signed a Memorandun of Understanding with Ballast Nedam Sustainability Services B.V. ("B-N") part of the Ballast Nedam Group, a Dutch construction and infrastructure development company, of Ringwade 71, 3439 LM Nieuwegein, Netherlands, for the exclusive provision of hydrogen energy systems for the the "Autarc"(autonomous floating office). ITM will contribute its design and technology expertise to the Autarc project to produce a self contained clean energy system. Ballast Nedam and ITM will seek to apply such solutions in the domestic built environment and Ballast Nedam will have exclusive rights to do so in the Benelux group of countries.
Dr Graham Cooley, CEO ITM Power commented; "The agreement with Ballast Nedam Sustainability Services provides ITM with an excellent opportunity to show case its energy storage and clean fuel technology in an "off-grid" situation. The Autarc, will be sited at various locations around the world, to demonstrate the virtues of a green office or green home environment based on hydrogen technology. ITM Power and Ballast Nedam will in addition be addressing the application of zero-carbon sustainable domestic buildings within the Benelux group of countries".
"Ballast Nedam is a major player in infrastructure and construction projects in the Netherlands and we look forward to providing expertise to add value to the sustainable proposition of their projects."
Mr Ron Von Wilk, Director of Ballast Nedam Sustainability Services, stated "We are very pleased to be working with ITM Power and their unique energy storage, clean fuel technology that enables renewable sources of energy, such as solar or wind, to be used for power, heating or cooking using green hydrogen, whenever needed.
Ron added, "ITM's technology, combined with Ballast Nedam's building design and construction expertise in deploying state of the art energy conservation methods, is just what is needed in order to enable buildings to become zero carbon for energy. We believe the Autarc project will mark the beginning of a very rewarding partnership for both companies in delivering truly world beating sustainable, zero carbon building solutions."
The Autarc http://www.autarc.nl/show/en/home
The Autarc is an architecturally highly advanced houseboat / floating office that is a hundred percent self-sustaining in both its water and electrical requirements. This highly ambitious pilot project sets both an example and a new standard in the field of environmental care (our aim: an "outstanding" Breeam-score).
Not a single compromise is made in aesthetics or user comfort, quite the contrary! The Autarc proves that living and working on the water in exceeding style and comfort is possible even without being connected to external water, electricity and sewage systems.
Notes to Editors:
Ballast Nedam is a Dutch group of companies which offers a wide range of products and services related to construction and infrastructure development. Ballast Nedam Sustainability Services delivers sustainable total solutions in the built environment, by offering an integrated blend of specialties and operations in all phases of the construction process. This includes the use of a results-oriented sustainability policy. http://www.ballast-nedam.nl/
ITM Power has developed a range of materials and technology to reduce the cost of hydrogen production. The company is developing equipment to convert renewable energy to a clean fuel; storing the energy as green hydrogen for decarbonising transport, industrial and residential applications. ITM is showcasing its products for the first time at the Hanover Messe on 19th -23rd April 2010. www.itm-power.com
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 / Ashton Clanfield
020 7459 3600
Tavistock Communications
Simon Hudson / James Midmer
020 7920 3150
12.04.2010 12:24
BRIEF-ITM Power awarded grant funding to develop clean fuel production module
LONDON, April 12 (Reuters) - ITM Power Plc:
* Awarded grant funding of £195,000 to progress the development of a clean fuel
production module
BRIEF-ITM Power awarded grant funding to develop clean fuel production module
LONDON, April 12 (Reuters) - ITM Power Plc:
* Awarded grant funding of £195,000 to progress the development of a clean fuel
production module
03.05.2010 14:04
ITM Power Plc to Enter US Hydrogen Markets
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UK-based hydrogen producer ITM Power will enter the US market, the company announced today. ITM will market a suite of integrated electrolyzer products for a range of markets, including research facilities, manufacturing processes and clean fuel generation for hydrogen powered vehicles. Electrolyzers generate hydrogen utilizing electricity and water, opening the door to 100% renewable hydrogen generation.
"ITM electrolyzers deliver hydrogen at a pressure and quality appropriate to the application, at purities of up to 99.9999%," said ITM Power's chief executive Dr. Graham Cooley. "We can meet the requirements of a hydrogen fuel cell, a hydrogen engine, a hydrogen compressor, a hydrogen store (steel cylinder, composite tank or metal hydride system) or gas chromatography equipment." Each product has been designed to be simple to use and to require a minimum of maintenance, Cooley said.
"This is a significant milestone for ITM," said Ruth Cox, executive director of the US Fuel Cell Council, an industry association dedicated to fostering the commercialization of fuel cells. "We want to congratulate them on this notable success. ITM is joining the growing list of USFCC members that have commercially available products today. These industry successes, like ITM's announcement, are further proof that the US market for hydrogen and fuel cells is robust and poised for growth."
ITM Power will have a booth at the National Hydrogen Association's Conference and Expo in Long Beach, CA, May 3-6, 2010, but their product samples are marooned in Europe, victim of the travel disruption caused by the Icelandic volcano eruption. "We are delighted to be exhibiting at NHA," said Cooley, "and we do not intend to let volcanic activity delay our launch! We urge all to come and discuss our products and the exciting applications that they bring to the market place today."
ITM will be at Booth #415 at the NHA conference, and will be presenting on "Application of Optimization Techniques for Efficient Hydrogen Refueling Station Design" at 1:30pm on Wednesday May 5th in Parallel Session 3, Room 202B. To arrange a meeting please call Steve Hallet at ITM Power at +44 7834 693226.
ITM Power is ISO certified. All products are developed in accordance with best practice and are presently subject to CE approval. For further information please visit www.itm-power.com.
ITM Power Plc to Enter US Hydrogen Markets
Ads by Google
Clean Energy Now
The Future of clean energy is here
Invest today in V-GEN Fuel Cell
www.Peeker-Energy.eu
Neu: Kostenloses Depot
50 % Rabatt auf die Ordergebühr.
Jetzt günstig Aktien handeln!
www.comdirect.de/JubilaeumsDepot
Walbusch Hemdenangebot
Nur für kurze Zeit erhalten Sie
2 Businesshemden zum Preis von 1!
www.Walbusch.de/Hemden
UK-based hydrogen producer ITM Power will enter the US market, the company announced today. ITM will market a suite of integrated electrolyzer products for a range of markets, including research facilities, manufacturing processes and clean fuel generation for hydrogen powered vehicles. Electrolyzers generate hydrogen utilizing electricity and water, opening the door to 100% renewable hydrogen generation.
"ITM electrolyzers deliver hydrogen at a pressure and quality appropriate to the application, at purities of up to 99.9999%," said ITM Power's chief executive Dr. Graham Cooley. "We can meet the requirements of a hydrogen fuel cell, a hydrogen engine, a hydrogen compressor, a hydrogen store (steel cylinder, composite tank or metal hydride system) or gas chromatography equipment." Each product has been designed to be simple to use and to require a minimum of maintenance, Cooley said.
"This is a significant milestone for ITM," said Ruth Cox, executive director of the US Fuel Cell Council, an industry association dedicated to fostering the commercialization of fuel cells. "We want to congratulate them on this notable success. ITM is joining the growing list of USFCC members that have commercially available products today. These industry successes, like ITM's announcement, are further proof that the US market for hydrogen and fuel cells is robust and poised for growth."
ITM Power will have a booth at the National Hydrogen Association's Conference and Expo in Long Beach, CA, May 3-6, 2010, but their product samples are marooned in Europe, victim of the travel disruption caused by the Icelandic volcano eruption. "We are delighted to be exhibiting at NHA," said Cooley, "and we do not intend to let volcanic activity delay our launch! We urge all to come and discuss our products and the exciting applications that they bring to the market place today."
ITM will be at Booth #415 at the NHA conference, and will be presenting on "Application of Optimization Techniques for Efficient Hydrogen Refueling Station Design" at 1:30pm on Wednesday May 5th in Parallel Session 3, Room 202B. To arrange a meeting please call Steve Hallet at ITM Power at +44 7834 693226.
ITM Power is ISO certified. All products are developed in accordance with best practice and are presently subject to CE approval. For further information please visit www.itm-power.com.
gemäß GB zum 30.4.2010 weiterhin: no sales
20 January 2011
ITM Power Plc
("ITM Power" or "the Company")
Half-year results for the six months ended 31 October 2010
ITM Power plc (AIM: ITM) the energy storage and clean fuel company announces its half-year results for the six months ended 31 October 2010.
HIGHLIGHTS
Operational
•
Product sales drive starts at 2011 Hannover Messe in April
▪
HPac CE documentation submitted between June and December 2010
▪
HPac CE mark imminent
▪
HPac delivered to the University of Birmingham for trial
▪
HFlame trial with Ametek
•
First HOST trial to commence 8 March 2011 at Stansted Airport
▪
21 commercial partners joined the HOST trials
▪
Achievement of Euro VI Emissions for the HICE Transit Vans
•
TSB funded collaboration project with Ford Motor Company
•
MoU with BRE for the development of a zero carbon home
•
Record high power density Fuel Cell performance announced
Financial and Corporate
•
Appointment of Lord Freeman as Non-Executive Director
•
Grant funding of £536,000 accounted for in the period (2009: £108,000)
•
Pre-tax loss for the period was £3.0m (2009: £3.4m) and net cash burn of £2.3m (2009: £2.3m)
•
Cash and Short-Term investments at 31 October 2010 of £14.7m (2009: £19.5m)
Prof. Roger Putnam, Non-Executive Chairman of ITM Power commented:
"When I last commented on the developments at ITM, we had just come through a very challenging period during which we had instituted, and implemented the conclusions of, a thorough review of the Company's technology, potential markets and commercialisation strategy. I am pleased to be reporting now on the progress of that commercialisation and the first delivery of ITM products.
"The team have worked incredibly hard on achieving the CE marking of these early products and the HOST team have been highly successful in putting together the biggest trial of Hydrogen fuelled vehicles ever to have taken place in the UK. I look forward to reporting further progress at the conclusion of the second half of our financial year."
ITM Power Plc
("ITM Power" or "the Company")
Half-year results for the six months ended 31 October 2010
ITM Power plc (AIM: ITM) the energy storage and clean fuel company announces its half-year results for the six months ended 31 October 2010.
HIGHLIGHTS
Operational
•
Product sales drive starts at 2011 Hannover Messe in April
▪
HPac CE documentation submitted between June and December 2010
▪
HPac CE mark imminent
▪
HPac delivered to the University of Birmingham for trial
▪
HFlame trial with Ametek
•
First HOST trial to commence 8 March 2011 at Stansted Airport
▪
21 commercial partners joined the HOST trials
▪
Achievement of Euro VI Emissions for the HICE Transit Vans
•
TSB funded collaboration project with Ford Motor Company
•
MoU with BRE for the development of a zero carbon home
•
Record high power density Fuel Cell performance announced
Financial and Corporate
•
Appointment of Lord Freeman as Non-Executive Director
•
Grant funding of £536,000 accounted for in the period (2009: £108,000)
•
Pre-tax loss for the period was £3.0m (2009: £3.4m) and net cash burn of £2.3m (2009: £2.3m)
•
Cash and Short-Term investments at 31 October 2010 of £14.7m (2009: £19.5m)
Prof. Roger Putnam, Non-Executive Chairman of ITM Power commented:
"When I last commented on the developments at ITM, we had just come through a very challenging period during which we had instituted, and implemented the conclusions of, a thorough review of the Company's technology, potential markets and commercialisation strategy. I am pleased to be reporting now on the progress of that commercialisation and the first delivery of ITM products.
"The team have worked incredibly hard on achieving the CE marking of these early products and the HOST team have been highly successful in putting together the biggest trial of Hydrogen fuelled vehicles ever to have taken place in the UK. I look forward to reporting further progress at the conclusion of the second half of our financial year."
ITM Power reports successful high power density fuel cell tests with air rather than oxygen
01 February 2011
UK-based ITM Power has demonstrated exceptionally high power densities in initial testing of its proprietary hydrocarbon membrane materials for hydrogen/air fuel cells. The company says it has achieved more than double the fuel cell power density performance presently available on the market.
ITM Power previously achieved what it says is a step-change from the current state-of-the-art for a PEM fuel cell, recording 5.5 W/cm2 and 10 A/cm2 using pure oxygen. The company has now successfully demonstrated the performance of the membrane in a hydrogen/air fuel cell, achieving over 2.1 W/cm2 and 4 A/cm2. The work is part of a technology development project supported with £108 000 (US$174 000) of funding from the Carbon Trust.
While ITM’s initial investigations focused on hydrogen/oxygen fuel cells, a commercial fuel cell system for use in a vehicle needs to use air as the oxidant. This new, early result with air exceeds the ambitious target of 1.5 W/cm2 set in the Carbon Trust project, and highlights the potential for ITM Power’s materials.
ITM is also preparing to begin its Hydrogen On Site Trials (HOST) program, in which it will use its HFuel transportable hydrogen refueling station with two Ford Transit vehicles adapted to run on hydrogen by Revolve Technologies. A variety of UK trial partners have been signed up, including utility Scottish Water, wind turbine manufacturer Vestas, and leisure operator Center Parcs.
01 February 2011
UK-based ITM Power has demonstrated exceptionally high power densities in initial testing of its proprietary hydrocarbon membrane materials for hydrogen/air fuel cells. The company says it has achieved more than double the fuel cell power density performance presently available on the market.
ITM Power previously achieved what it says is a step-change from the current state-of-the-art for a PEM fuel cell, recording 5.5 W/cm2 and 10 A/cm2 using pure oxygen. The company has now successfully demonstrated the performance of the membrane in a hydrogen/air fuel cell, achieving over 2.1 W/cm2 and 4 A/cm2. The work is part of a technology development project supported with £108 000 (US$174 000) of funding from the Carbon Trust.
While ITM’s initial investigations focused on hydrogen/oxygen fuel cells, a commercial fuel cell system for use in a vehicle needs to use air as the oxidant. This new, early result with air exceeds the ambitious target of 1.5 W/cm2 set in the Carbon Trust project, and highlights the potential for ITM Power’s materials.
ITM is also preparing to begin its Hydrogen On Site Trials (HOST) program, in which it will use its HFuel transportable hydrogen refueling station with two Ford Transit vehicles adapted to run on hydrogen by Revolve Technologies. A variety of UK trial partners have been signed up, including utility Scottish Water, wind turbine manufacturer Vestas, and leisure operator Center Parcs.
Antwort auf Beitrag Nr.: 40.968.243 von R-BgO am 02.02.11 14:04:38Moin, R-BgO,
spielst ja hier den Alleinunterhalter.
Wohne ca. 60 km von Hannovermesselaatzen entfernt, werde mir die Fa. mal Anfang April
auf dem Messegelände anschauen. GGf. werde ich bereits vorher einsteigen, sieht ja recht
vielversprechend aus.
Gruß
Karlll
spielst ja hier den Alleinunterhalter.
Wohne ca. 60 km von Hannovermesselaatzen entfernt, werde mir die Fa. mal Anfang April
auf dem Messegelände anschauen. GGf. werde ich bereits vorher einsteigen, sieht ja recht
vielversprechend aus.
Gruß
Karlll
ITM Power PLC
UPS Joins ITM Power's Hydroge
3rd February 2011
ITM Power plc
("ITM Power" or "the Company")
UPS®Joins ITM Power's Hydrogen On Site Trials
ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that UPS (NYSE: UPS) has signed an agreement to participate in the Hydrogen On Site Trials (HOST) of ITM Power's transportable high pressure refuelling unit (HFuel). The HFuel unit was built with support from the Technology Strategy Board (TSB) and was launched at the Company's AGM on 15th September 2010. This portable unit produces hydrogen on-site through water electrolysis, which is then used to fuel ITM's prototype HFuel vehicles.
UPS is the world's largest package delivery company, a global leader in logistics services, and one of the world's most recognized brands, operating in over 220 countries and territories. UPS has more than 100,000 delivery vehicles worldwide, including the largest private alternative fuel fleet in the transportation industry, with close to 2,000 vehicles. UPS runs what it calls a "rolling laboratory" - as well as enjoying the benefits of alternative-fuel propulsion today, the UPS fleet provides valuable data on the viability of different fuel technologies in real-world situations.
Commenting for ITM Power, CEO Graham Cooley said: "The return to base light commercial fleet sector is a key sector for the early uptake of alternative automotive fuels and the addition of UPS to the HOST trials will give us exactly the data and feedback that will make HOST a success. The announcement of UPS as a trial partner now completes phase one of HOST."
Peter Thomas, Automotive Director, UPS UK and Ireland, said: "We are always seeking to improve our performance and reduce our impact on the environment. Taking part in this project is a logical step in our broader "rolling laboratory" approach to alternative fuel technology, and underlines our commitment to providing efficient and sustainable transportation services for our customers."
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
About HOST
HOST will begin in the first quarter of 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. The list of trial partners, in order of publication, is as follows:
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.
About UPS
UPS (NYSE:UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight, the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at www.ups.com and its corporate blog can be found at blog.ups.com. To get UPS news direct, visit www.pressroom.ups.com
-ends-
UPS Joins ITM Power's Hydroge
3rd February 2011
ITM Power plc
("ITM Power" or "the Company")
UPS®Joins ITM Power's Hydrogen On Site Trials
ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that UPS (NYSE: UPS) has signed an agreement to participate in the Hydrogen On Site Trials (HOST) of ITM Power's transportable high pressure refuelling unit (HFuel). The HFuel unit was built with support from the Technology Strategy Board (TSB) and was launched at the Company's AGM on 15th September 2010. This portable unit produces hydrogen on-site through water electrolysis, which is then used to fuel ITM's prototype HFuel vehicles.
UPS is the world's largest package delivery company, a global leader in logistics services, and one of the world's most recognized brands, operating in over 220 countries and territories. UPS has more than 100,000 delivery vehicles worldwide, including the largest private alternative fuel fleet in the transportation industry, with close to 2,000 vehicles. UPS runs what it calls a "rolling laboratory" - as well as enjoying the benefits of alternative-fuel propulsion today, the UPS fleet provides valuable data on the viability of different fuel technologies in real-world situations.
Commenting for ITM Power, CEO Graham Cooley said: "The return to base light commercial fleet sector is a key sector for the early uptake of alternative automotive fuels and the addition of UPS to the HOST trials will give us exactly the data and feedback that will make HOST a success. The announcement of UPS as a trial partner now completes phase one of HOST."
Peter Thomas, Automotive Director, UPS UK and Ireland, said: "We are always seeking to improve our performance and reduce our impact on the environment. Taking part in this project is a logical step in our broader "rolling laboratory" approach to alternative fuel technology, and underlines our commitment to providing efficient and sustainable transportation services for our customers."
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
About HOST
HOST will begin in the first quarter of 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. The list of trial partners, in order of publication, is as follows:
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.
About UPS
UPS (NYSE:UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight, the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at www.ups.com and its corporate blog can be found at blog.ups.com. To get UPS news direct, visit www.pressroom.ups.com
-ends-
