€2.75m Electrolyser System Cost Reduction Grant

19th April 2016
ITM Power, self- pressurising PEM Hydrogen stacks, capable of 25kg/day 80b pressure. Ideal for Power-to-Gas, Energy Storage applications

€2.75m Electrolyser System Cost Reduction Grant

HPEM2GAS will further develop a low cost PEM electrolyser optimised for grid management

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the award of a €2.75m grant for the HPEM2GAS project funded by the Fuel Cells and Hydrogen Joint Undertaking (FCH JU) under Horizon 2020. ITM Power will receive €915,650 over three years.

The three year project will further develop the Company’s electrolyser offering by incorporating smarter Balance of Plant (BoP) and lower cost Proton Exchange Membrane (PEM) stack technology which together are capable of better serving the growing challenges faced by electricity grids as they assimilate greater
quantities of renewable power. The project will culminate in a six month field test of an advanced 0.2MW (nominal), 0.3MW (transient) PEM electrolyser system.

The electrolyser developed will implement several innovations in advanced BoP including power tracking electronics, high efficiency AC/DC converters, high temperature ion exchange cartridges, advanced safety integration systems and enhanced control logic. The stacks will benefit from improvements to specific
components intended to allow more aggressive operating conditions without detriment to overall efficiency or lifetime.

Several strategies are to be applied to lower the overall electrolyser cost to promote wider spread adoption of the technology. Central among these is a three-fold increase in current density. This is intended to result in a proportional decrease in capital costs whilst maintaining cutting edge efficiency and minimizing catalyst

ITM Power will provide a strong commercial leadership to the group, putting ideas into practice within an improved electrolyser system optimised for Demand Side Management services and to be tested in the field at the Stadtwerke Emden site in Germany. Altogether, the improvements supported in this project
will contribute significantly to a reduction of electrolyser total cost of ownership. The partners in the project are CNR-ITAE Institute in Italy (the project coordinator), ITM Power, Solvay Specialty Polymers, IRD Fuel Cells A/S, Stadtwerke Emden GmbH, Hochschule Emden/Leer and Uniresearch BV.

Dr Graham Cooley, CEO, ITM Power commented: “We are delighted to be participating in this project which represents ITM Power’s culture of continuous improvement. The commercial spirit of the consortium is particularly pleasing and we look forward to demonstrating the next generation of smart electrolyser systems with Stadtwerk Emden in Germany, one of our fastest growing markets.”

ITM Power plc
Graham Cooley, CEO
+44 (0)114 244 5111

Zeus Capital
Dan Bate / Andrew Jones / Hugh Kingsmill Moore
+44 (0)20 3829 5000

Simon Hudson / James Collins
+44 (0)20 7920 3150

About ITM Power plc:
ITM Power manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the
London Stock Exchange in 2004 and is a founder member of the Social Stock Exchange. The company received £4.9m as a strategic investment from JCB in March 2015; signed a forecourt siting agreement with Shell in September 2015 and a fuel agreement with Toyota in October 2015. The Company currently has
£11.65m of projects under contract and a further £9.04m of contracts in the final stages of negotiation, constituting a total pipeline of £20.69m.

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