September 2016

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the completion of the 700 bar upgrade to the M1 Rotherham hydrogen refuelling station (HRS) funded by The UK Government, Office of Low Emission Vehicles (OLEV).

On 28 March 2015 the company announced that it had been awarded a total of £2.89m by the HRS infrastructure Grants Scheme, run by OLEV. The award was to build two new HRS in London, sited with strategic partners and for the upgrading of four existing ITM Power refuelling stations including the M1 Rotherham HRS. The HRS, originally funded by Innovate UK, is located at the Hydrogen Mini Grid at the Advanced Manufacturing Park in Rotherham just of J33 of the M1, close to the junction with the M18. The HRS is an important strategic part of the UK hydrogen infrastructure enabling vehicles from London to access the North of England.

Using the existing electrolyser to generate hydrogen from an on-site wind turbine, the original 350 bar dispenser has been upgraded to a new BOC/Linde system capable of dispensing hydrogen at both 700 and 350 bar.  The higher pressure of 700 bar satisfies the requirements of a broader range of vehicles and enables fuel cell electric vehicles such at the Toyota Mirai and Hyundai ix35 to achieve their full driving range of over 300 miles.  New and existing customers will also benefit from automated payment facilities.

Following site preparation, the joint commissioning teams of ITM & BOC/Linde completed commissioning in a period of two weeks.  Focus has now shifted to the Centre for Engineering and Manufacturing Excellence in Rainham, where equipment is undergoing commissioning ahead of the official opening on the 11 October.

ITM Power CEO, Dr. Graham Cooley, said: "The M1 hydrogen refuelling station is a flagship green hydrogen station which has an important strategic role serving the Northern M1 corridor.  This important upgrade strengthens our developing portfolio of hydrogen refuelling infrastructure and forms an important part of the UKs hydrogen roll out."

For further information please visit www.itm-power.com or contact:

ITM Power plc

Graham Cooley, CEO

+44 (0)114 244 5111

Zeus Capital

Andrew Jones / Dan Bate / Hugh Kingsmill Moore

+44 (0)20 3829 5000

Tavistock

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 £16.00m of projects under contract and a further £2.08m of contracts in the final stages of negotiation constituting a total pipeline of £18.08m (subject to exchange rate variation). 

www.itm-power.com

About OLEV
The HRS Infrastructure Grants Scheme was launched on the 2 February 2015 by the Office for Low Emission Vehicles (OLEV) to support roll out of hydrogen infrastructure networks in the UK with the specific aim of encouraging the introduction of Hydrogen Fuel Cell Electric Vehicles (FCEVs). The HRS Infrastructure Grants Scheme will provided grant funding for selected infrastructure projects seeding development of hydrogen for road transport in the UK.

About Innovate UK
Innovate UK is the UK's innovation agency; working with people, companies and partner organisations to find and drive the science and technology innovations that will grow the UK economy. The organisation works to determine which science and technology developments will drive future economic growth; meet UK innovators with great ideas in the fields we're focused on funding the strongest opportunities; connect innovators with the right partners they need to succeed help our innovators launch, build and grow successful businesses. Since 2007 we have invested over £1.5 billion in innovation, matched by a further £1.5 billion in partner and business funding. We have helped more than 5,000 innovative companies in projects estimated to add £7.5 billion to the UK economy and create 35,000 extra new jobs.

Published in News

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has appointed Calum McConnell to the post of Managing Director (Geschäftsführer) of the Company's wholly owned German subsidiary, ITM Power GmbH.  Calum, who will take over in December, replaces Phil Doran who has achieved some great early successes for ITM Power in the German market.  Phil will be relocating to Scotland where he will continue to provide his services, working with ITM Power's existing business development head, Dr Kris Hyde,  in this important market.

Calum has been working at US industrial giant Parker Hannifin for 19 years in a number of business development and product management roles.  His most recent role was as Global Business Development Manager within the Corporate Global Energy team, growing business within the renewable market segments of wind, hydro and ocean wave and tidal power as well as in the battery energy storage market and the German utilities market.

His appointment comes at a time when the market for energy storage within Germany is growing quickly and ITM Power is well placed to gain further traction having deployed three Power-to-Gas units in Germany to date, as well as having secured an order for a fourth 1MW unit in March 2016.

Calum joins an international development team that includes Kris Olsen (Nordic and Scandinavian territories), Steve Jones (USA), Geoff Budd and Alan Lloyd (USA and Canada) and Lucas Bertrand (France and Luxembourg), as well as the business development team in the UK.

Calum McConnell, MD, ITM Power GmbH, commented: "I´m delighted to be joining ITM Power and taking over from Phil in Germany.  Phil and I have been in regular contact over the last few years and I admire his and ITM Power´s drive and focus.  The power-to-gas market provides a viable solution to a number of challenges faced by the decentralised energy sector as it grows, and I´m excited to join a company shaping this future market.  As I transition into the new role, I´m looking forward to supporting the existing projects, meeting the customers, and growing the Company´s business in Germany."

Dr Graham Cooley, CEO, ITM Power, added: "This is a key appointment for ITM Power to develop a key market for our products and we're excited about working with Calum and developing our business further.  I would also like to thank Phil Doran, our outgoing German MD, for his four years heading up ITM Power GmbH.  Phil has been instrumental in developing our initial business there and I look forward to continuing to work with him."

ITM Power plc

Graham Cooley, CEO

+44 (0)114 244 5111

Zeus Capital

Andrew Jones / Jonathan Sharp / Hugh Kingsmill Moore / Alex Davies

+44 (0)20 3829 5000

Tavistock

Simon Hudson / James Collins

+44 (0)20 7920 3150


About ITM Power
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. The Company received £4.9m as a strategic investment from JCB in March 2015. The Company signed a forecourt siting agreement with Shell in September 2015. The Group currently has £15.61m of projects under contract and a further £2.00m of contracts in the final stages of negotiation, totaling £17.61m, subject to exchange rate variation. ITM Power is a founder member of the Social Stock Exchange.

www.itm-power.com

Published in News

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ITM Power is a public limited company registered in England and Wales. Company Number 05059407