ITM Power (AIM: ITM), the energy storage and clean fuel company, welcomes the conclusions of yesterday’s NOW workshop held in Germany.
NOW GmbH Managing Director, Dr. Ing. Klaus Bonhoff, argued that any move towards a renewable economy inevitably raises the issue of energy storage, and that any discussion of storage cannot avoid hydrogen in general and electrolysis in particular.
Dr. Oliver Ehret, the NOW GmbH Project Manager responsible for hydrogen infrastructure provision, gave an outline of the Clean Energy Partnership (CEP) that is now entering its third phase focusing on preparing the German market for the hydrogen infrastructure. This phase will see the construction of the hydrogen corridor between Berlin, Hamburg, North Rhine Westphalia and Hessen. The CEP aims to have 50% of its hydrogen provided by renewable energy systems and they anticipate that wind energy will be a significant source of hydrogen by 2020.
ITM Power agent for Germany, Phil Doran, commented: “Germany is clearly the leading centre for hydrogen infrastructure development in Europe and ITM Power is now fully engaged with the key players. Germany’s renewed emphasis on renewable energy following its review of nuclear technology is focusing attention on energy storage and the use of hydrogen in particular. This is a very exciting time for the Company.”
ITM Power CEO, Dr. Graham Cooley, will be presenting to the European Commission’s Joint Technology Initiative for fuel cells and hydrogen in Berlin on 19th May 2011.
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