DECC Grant for Large Scale Low Cost Alkali PEM Energy Storage Stack

9th May 2013
Department of Energy & Climate Change

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has received notification from the Department of Energy & Climate Change (“DECC”) of a £0.5m grant to scale up its low-cost alkali PEM electrolyser stack for Power-to-Gas energy storage.

ITM Power’s alkali PEM technology (the subject of an announcement on 9 November 2011) is a low cost electrolyser platform being scaled up to the 1MW level, using 16 individual stacks, for Power-to-Gas energy storage.

ITM Power CEO, Dr Graham Cooley, said: “We are delighted to have secured the support of DECC for the scale-up of our innovative low-cost Alkali PEM stack technology. This development project further strengthens our partnership with AEG Power Solutions, which will provide the power electronics.”

For further information please visit www.itm-power.com or contact:

ITM Power plc
Graham Cooley, CEO
0114 244 5111

N+1 Singer (Nominated Adviser & Broker)
Shaun Dobson / Jenny Wyllie
020 7496 3000

Tavistock Communications
Simon Hudson / Kelsey Traynor
020 7920 3150

About ITM Power plc

ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004 and raised its initial funding of £10m gross in its IPO. Further funding rounds of £28.5m in 2006 and £5.4m in 2012 have been completed. The Company has now made the transition from a research and development company to a product manufacturer and technology provider. The Company has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions. The Company has been successful in developing strategic industry partnerships in the following projects:



Rebecca Markillie
Marketing & Communications
E: rlm@itm-power.com
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