ITM Power (AIM: ITM) the energy storage and clean fuel company, and the Carbon Trust, are pleased to announce additional Carbon Trust grant funding of £91,956 towards the continued development of the Company’s materials for application in automotive fuel cells.
ITM Power has previously reported fuel cell power density results (5.5W/cm2 and 10A/cm2) with hydrogen /oxygen which are approximately three times that of current commercial technology. Previous Carbon Trust funding was granted in order to establish if similarly high power densities could be achieved using the Company’s patented membrane materials with hydrogen/air systems.
Following early achievement of the challenging technical targets (in excess of 2.1W/cm2 and 4A/cm2 being reported on 1st February 2011 with hydrogen/air) the Carbon Trust have provided additional grant funding to enable ITM to further develop its unique technology offering for the emerging fuel cell automotive sector.
The focus of this follow-on program will be the examination of performance sensitivities with respect to reduced catalyst loading against industry standard protocols. In parallel, the Carbon Trust will continue to support ITM Power with introductions to further commercial end-users.
Commenting for ITM Power, CTO Dr Simon Bourne said: “I am delighted with the Carbon Trust’s continued support of our technology and their enthusiasm to see commercial uptake. This additional grant supports the world class results we have achieved to date and I am looking forward to presenting them at the Hannover Messe this week.”
Pierre Gaudillat, Technology Commercialisation Manager, Carbon Trust added: “We have been impressed with the initial results from the high power-density fuel cell project and we’re keen to support ITM further in developing this technology. We look forward to more exciting results from this breakthrough which has enormous commercial and carbon-saving potential.”
For further information please visit www.itm-power.com or contact:
ITM Power plc,
Graham Cooley, CEO,
0114 244 5111
Nomura Code Securities Limited
Juliet Thompson / Dr Christopher Golden
+44 (0)20 7776 1200
Simon Hudson / Andrew Dunn,
020 7920 3150