ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the sale of a hydrogen generation system to CEA Grenoble, France.
The CEA, a French government-funded technological research organisation, will use the 5Nm3/hr unit in a project targeted at the storage of renewable energy. The ITM Power electrolyser will be fed by a power simulator designed to mimic various forms of renewable energy. The hydrogen will be produced on site and stored in a metal hydride system before being used in a fuel cell to generate renewable power on demand and to supply green hydrogen.
The unit will be built in the UK and housed within a containerised platform that will be shipped to France as a fully CE marked plug and play unit.
Dr Graham Cooley, CEO of ITM Power plc commented: “CEA is a world class organization and we are delighted that they have decided to buy electrolysis equipment from ITM Power.”
For further information please visit www.itm-power.com or contact:
ITM Power plc
0114 244 5111
Graham Cooley, CEO
Singer Capital Markets Limited
(Nominated Adviser & Broker)
020 3205 7500
Shaun Dobson / Samantha New
020 7920 3150
Simon Hudson / Kelsey Traynor
CEA is a French government-funded technological research organisation. A prominent player in the European Research Area, it is involved in setting up collaborative projects with many partners around the world. CEA carries out research with numerous partners: primarily with CNRS and French universities, but also in the context of European and with international partners.
The CEA is active in four main areas: low-carbon energies, defense and security, information technologies and health technologies. In each of these fields, the CEA maintains a cross-disciplinary culture of engineers and researchers, building on the synergies between fundamental and technological research. The total CEA workforce consists of 15 867 employees. In Grenoble, at Liten (Laboratory for Innovation in New Energy Technologies and Nanomaterials), an institute forming part of the CEA’s Technological Research Division, activities are focused on renewable energy sources (solar energy,biomass), energy efficiency (vehicles, low-energy buildings, hydrogen technology, electric power system management, etc.) and, lastly, high-performance materials for energy applications.
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. A further funding round of £28.5m was completed in 2006. 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: