ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has delivered its first Power-to-Gas plant to the Thüga Group in Frankfurt on time and to budget.
The plant is now deployed at the Mainova Aktiengesellschaftsite in Schielestrasse, Frankfurt am Main where the compliant gas mixing and grid injection infrastructure, is already in place. The plant will now undergo an extensive acceptance, compliance and commissioning phase before going live in December. The install also includes a monitoring facility and visitor’s reception so that members of the Thüga group can examine the performance of the plant.
The Company will update the market when commissioning is completed and the plant first injects hydrogen into the German Gas Grid. The operational data will be shared by the whole Thüga group – the largest network of energy companies in Germany with around 100 municipal utility members.
The Thüga plant is the first to be delivered of £4.5m of equipment being manufactured at ITM Power funded by commercial sales and grant funded collaborative projects. With an order book of £1.7m and a rapidly developing pipeline of revenue the Thüga delivery marks a significant juncture for ITM Power.
Commenting on the announcement, ITM Power GmbH Managing Director, Phil Doran, said: “It is marvellous to see the plant on site here in Frankfurt. Power-to-Gas technology is key to the success of the Energiewende (energy turnaround) and the Thüga Group have a clear understanding of this technology and where it fits for the energy network of the future.”
For further information please visit www.itm-power.com or contact:
|ITM Power plcGraham Cooley, CEO||0114 244 5111|
|Zeus CapitalTim Metcalfe (Nominated Adviser)John Goold (Corporate Broking)||020 7533 7727|
|Tavistock CommunicationsSimon Hudson / James Collins||020 7920 3150|