ITM Power (AIM:ITM), the energy storage and clean fuel company, is pleased to announce that the UKH2Mobility Partnership has made the following announcement today, on completion of Phase 1 of its program of evaluating the roll-out of hydrogen infrastructure and fuel cell electric vehicles in the UK.
A Synopsis of Phase1 published by UKH2Mobility today also includes the mix of production methods able to provide cost-competitive hydrogen to the consumer while delivering very significant CO2 emissions reductions. This is of particular significance for ITM Power’s electrolyser products, and notes:
The following announcement was released earlier today by UKH2Mobility:
Over one and a half million hydrogen powered vehicles could be on UK roads by 2030 according to a joint Government-industry study published today. The forecast is made in an interim report commissioned to evaluate the benefits of hydrogen fuel cell electric vehicles (FCEVs) and ensure the UK is well positioned for their commercial roll-out.
Produced by the UKH2Mobility project – which brings together leading businesses from the automotive, energy, infrastructure and retail sectors with Government – the study provides a ‘roadmap’ for the introduction of vehicles and hydrogen refuelling infrastructure in the UK.
Business Minister Michael Fallon said:
“The transition to ultra-low emission vehicles has already begun. It has the potential to create really significant new economic opportunities for the UK, to diversify national energy supply and to decarbonise road transport. The findings released today demonstrate that hydrogen fuel cell electric vehicles can make a significant contribution to this.
“Successful commercialisation of the technology will require Government to work in true partnership with industry. Our international rivals are looking to steal a march in this area and so UKH2Mobility recognises the importance of prompt action to ensure the potential benefits are realised by businesses and consumers in the UK.
“We already have a strong automotive sector and must ensure it stays that way. Opportunities for the UK to take a leading role in low carbon technologies will be looked at as part of our auto industrial strategy, published later this year”.
The key findings are:
The final report of Phase 1 is due to be published in March. Phase 2 of UKH2Mobility will then use the information and roadmap produced in Phase 1 to develop a detailed business case and specific actions for participants to commit to.
Akihito Tanke, Vice President, Research and Development, Toyota Motor Europe said:
“The motor industry recognises it is vital for it to develop and deliver new solutions for reducing the environmental impact of the vehicles it produces. Hydrogen fuel cell technology represents a major advance in securing sustainable mobility. As manufacturers reach the point of bringing the first FCEVs to market, it is important that all interested parties work together to ensure their benefits can be appreciated and realised through co-ordinated dialogue between industry partners and government bodies. UKH2Mobility’s Phase 1 findings provide valuable resources and intelligence to help us secure these advantages and we look forward to participating in Phase 2 to further confirm the potential of hydrogen as a low carbon fuel in the UK.”
Speaking for ITM Power, a hydrogen energy storage and clean fuel partner in UKH2Mobility, Dr Graham Cooley CEO, said:
“We are pleased with the findings of Phase 1 of UKH2Mobility, which reflect a diligent process of appraisal by the collaborative partnership. Phase 1 sows a seed for the adoption and development of a new transport system which will allow society to decarbonise road transport and clean up emissions, without disrupting its business and social routine. Phase 2 will show how that seed can proliferate, enabling the UK to be a world leader in the deployment and manufacturing of the necessary electrolyser-refuelling technology and fuel cell vehicles. This presents the UK with a very real economic opportunity for growth.”
James Batchelor, Managing Director – Motive, Intelligent Energy, said:
“The extensive work carried out by the UKH2Mobility consortium positions the UK as a lead market for the roll-out of fuel cell electric vehicles, directly contributing to national decarbonisation and air quality improvement objectives. The programme is particularly relevant for UK companies such as Intelligent Energy in building on our leading fuel cell expertise, developing our local supply chains and in creating additional opportunities for our products. We look forward to progressing to the next phase.”
Pierre-Etienne Franc, Director, Air Liquide Technologies of the Future said:
“The UKH2Mobility initiative has succeeded in gathering both leading industry companies and government bodies in a coordinated approach to study the conditions and paths to allow FCEVs to reach their full potential in the UK. The work achieved in Phase 1 provided fact-based elements and rationale which confirm that the UK could be a country at the forefront of early FCEVs deployment. Through this participation, Air Liquide is proud to pursue its commitment in the development of hydrogen energy infrastructure in the UK and worldwide, and to help develop zero emissions transport solutions.”
1) There are currently eleven industry participants (below) in UKH2Mobility together with three UK Government Departments – The Department for Business, Innovation and Skills, The Department for Transport and the Department for Energy and Climate Change in addition to the European Fuel Cells & Hydrogen Joint Undertaking.
2) Hydrogen fuel cell electric vehicles themselves share a large proportion of the electric motor and drive train technology with other electric and plug-in hybrid vehicles; it is the energy storage/conversion devices that are different. The fuel cell is an electrochemical device that can be refuelled quickly and will continue to generate power so long as it is fed with hydrogen fuel. They are highly efficient devices (50-60 per cent compared to an average of around 20 per cent for internal combustion engines) that produce no emissions or pollutants at the tail-pipe and much reduced overall well-to-wheel emissions when compared with today’s petrol and diesel engines.
3) Hydrogen is a clean energy carrier. When used as fuel in fuel cell systems it does not produce any carbon emissions (carbon monoxide, carbon dioxide, unburned hydrocarbons or particulates). Therefore, using hydrogen will contribute to the improvement of air quality and the reduction of CO2.
4) Hydrogen fuel cell electric vehicles are seen as part of the portfolio of solutions that will be required to decarbonise road transport. The Automotive Council Roadmap identifies a pathway where fuel cell electric vehicles will complement hybrid and battery electric vehicles and more efficient internal combustion engines.
5) The Government continues to take a technology-neutral approach to supporting low and ultra-low carbon vehicle technology and recognises that a portfolio of solutions will be required to decarbonise transport. Both the Plug-in Car Grant and Plug-In Van Grant are open to all vehicles meeting the performance criteria, including hydrogen fuel cell vehicles, pure electric and plug-in hybrid models. These Grants give both private and business consumers a reduction in the upfront cost of eligible vehicles (http://www.dft.gov.uk/topics/sustainable/olev/plug-in-car-grant/)
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 7469 3000
Simon Hudson / Kelsey Traynor
020 7920 3150
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: