July 2020
Monday, 13 July 2020 07:11

Retirement of Non-executive Director

ITM Power (AIM: ITM), the energy storage and clean fuel company, announces that Robert Pendlebury has decided to retire from his role as a Non-executive Director with effect from 31 July 2020.  

Sir Roger Bone said: “I would like to thank Bob for his valuable contribution during his five years with us. We will miss his expertise and experience. On behalf of all of us at ITM Power, I wish him a long and happy retirement.” 

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

ITM Power plc

(0)114 244 5111

Nicola Ham Edmonds, Company Secretary

 

Investec Bank plc (Nominated Adviser and Broker)

(0)20 7597 5970

Chris Sim / Jeremy Ellis / Ben Griffiths

 

Tavistock (Financial PR and IR)

(0)20 7920 3150

Simon Hudson / Edward Lee / Barney Hayward

 

 

Published in News

ITM Power (AIM: ITM), the energy storage and clean fuel company, notes the announcement today by the European Commission of its EU Hydrogen Strategy and its Energy Systems Integration Strategy. Later today a Clean Hydrogen Alliance between industry, hydrogen companies and governments will also be launched. The Commission’s use of the term ‘clean hydrogen’ refers to renewable hydrogen, which is defined as hydrogen production through water electrolysis.

The announcement states:

The priority is to develop renewable hydrogen, produced using mainly wind and solar energy”. 

  • From 2020 to 2024, we will support the installation of at least 6 gigawatts of renewable hydrogen electrolysers in the EU, and the production of up to one million tonnes of renewable hydrogen.
  • From 2025 to 2030, hydrogen needs to become an intrinsic part of our integrated energy system, with at least 40 gigawatts of renewable hydrogen electrolysers and the production of up to ten million tonnes of renewable hydrogen in the EU.
  • From 2030 to 2050, renewable hydrogen technologies should reach maturity and be deployed at large scale across all hard-to-decarbonise sectors. 

“To help deliver on this Strategy, the Commission is launching today the European Clean Hydrogen Alliance with industry leaders, civil society, national and regional ministers and the European Investment Bank. The Alliance will build up an investment pipeline for scaled-up production and will support demand for clean hydrogen in the EU.”  

The full documents are available at:
https://ec.europa.eu/energy/sites/ener/files/hydrogen_strategy.pdf

https://ec.europa.eu/energy/sites/ener/files/energy_system_integration_strategy_.pdf  

Commenting on the publication, ITM Power Chairman Sir Roger Bone, said: “This is an unmistakable signal that the EU is combining economic recovery stimulus with existing commitments to climate change targets. I would very much hope that the EU’s lead will be followed by governments around the world as they come to appreciate the power of renewables and hydrogen working together to lower carbon emissions permanently.”  

Graham Cooley, CEO of ITM Power, said: “This is one of the biggest moments for green hydrogen produced by electrolysis.  The EC’s target of at least 40GW of green electrolysis by 2030, which complements the earlier commitments by the governments of Germany, the Netherlands and Portugal for a total of 10GW, means green hydrogen will take centre stage in the world’s drive to decarbonise.  With our joint venture ITM Linde Electrolysis GmbH in Dresden and with the capacity at our new factory opening later this year in Sheffield, ITM Power is ready to respond to this huge market opportunity.”  

RenewableUK CEO Hugh McNeal added: “Green hydrogen has a key role to play alongside renewables in the transition to a net zero energy system. RenewableUK and our members see enormous potential for renewable hydrogen in the decarbonisation of industry, heating, heavy transport and shipping, as well as offering a large-scale energy storage solution. Renewable hydrogen is set to be a game-changer for decarbonising our economy and, with the right policies in place, the UK can be a world-leader in this market”.  

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

ITM Power plc

(0)114 244 5111

Andy Allen, Finance Director

 

Investec Bank plc (Nominated Adviser and Broker)

(0)20 7597 5970

Chris Sim / Jeremy Ellis / Ben Griffiths

 

Tavistock (Financial PR and IR)

(0)20 7920 3150

Simon Hudson / Nick Elwes / Barney Hayward

 

Published in News

On 6 July, European Commissioner for Energy Kadri Simson visited REFHYNE, where the world’s largest PEM hydrogen electrolysis plant is under construction. Supported by the Fuel Cells and Hydrogen Joint Undertaking, REFHYNE will use renewable electricity to produce green hydrogen at Shell’s Rheinland Refinery in Wesseling, Germany.

Clean hydrogen is expected to play a vital role in the transition to a climate neutral Europe, helping decarbonise sectors that are harder to electrify, such as heavy industry or freight road transport. The EU hopes that REFHYNE will become a stepping stone in the journey to create a clean hydrogen economy. On 8 July, Commissioner Simson will unveil a European Hydrogen Strategy intended to create a market for clean hydrogen and incentivise investments in supply. Commissioner Simson believes that the EU can gain a competitive advantage by becoming a first mover in creating a clean hydrogen industry. Talking about her vision for the transition to a climate neutral Europe, the Commissioner said:

“To reach climate neutrality by 2050, we need to fundamentally transform our energy system and clean hydrogen will have a key role to play, as it has great potential to decarbonise sectors where electrification is impossible or too costly. Therefore, we will propose a roadmap to scale up renewable hydrogen production and use in Europe. Europe is well placed to be the global frontrunner in this field, with our leading position in wind energy and with innovative projects like REFHYNE already underway.“ says Kadri Simson, EU Energy Commissioner.

“North Rhine-Westphalia is a hydrogen state and intends to further expand its leading position in the future. Already today, 30 percent of German hydrogen demand comes from the North Rhine-Westphalian industry. It is estimated that demand can double by 2030. That is why we need innovative solutions that contribute to a CO2-neutral coverage of hydrogen demand. REFHYNE illustrates the direction in which our industry must go in order to harmonize with our energy system of the future”, says Prof. Dr. Andreas Pinkwart, Minister of Economic Affairs, Innovation, Digitalisation and Energy of North Rhine-Westphalia.

“FCH-JU funded projects like REFHYNE give the opportunity to European electrolyser industry to build equipment that meets the strict standards of the European refining industry. They will help reducing the CO2 footprint of large industrial processes through the production and incorporation of green hydrogen. We are delighted that Commissioner Simson chose the REFHYNE project facility in the context of the EU Hydrogen Strategy that will be announced soon”, explains Bart Biebuyck, Executive Director of the FCH JU.

Dr Graham Cooley, CEO of ITM Power says, “We are proud to be providing Shell with the electrolysis plant which turns renewable energy into zero carbon footprint hydrogen. Green electrolysis has the potential to decarbonise many industrial processes that use hydrogen. This project will demonstrate its application, at pilot scale, for the first time in a working refinery. It shows how forward-thinking companies and governments together can meet our commitments to reduce emissions.”

Elisabeth Brinton, Shell Executive Vice President New Energies, says, “Shell is excited by hydrogen and sees huge potential in it. That is why we are committed to its development - as a storage vector for renewables and a net-zero energy source for commercial, industrial and transportation customers. The REFHYNE project is a great example of working with our partners to create the infrastructure that will help the EU meet its aim to be climate neutral by 2050. Shell has set its own ambition to become a net-zero emissions energy business by 2050, or sooner, in step with society.”

The REFHYNE project is at the forefront of the effort to supply Clean Refinery Hydrogen for Europe.

The electricity used in the 10-megawatt plant will be fully supplied by renewable energy sources, and the green hydrogen produced – around 1,300 tonnes per year – can be fully integrated into refining processes, for example for the desulphurisation of conventional fuels. The European Union is supporting the pilot plant through the Fuel Cells and Hydrogen Joint Undertaking (FCH JU). The PEM hydrogen electrolyser ("proton exchange membrane") is erected at the Wesseling site of the refinery. The builders are Shell and the energy equipment specialist ITM Power, other partners in the project are SINTEF, Element Energy and Sphera. If successful, it lays the foundation for future large-scale, commercial 100-megawatt industrial plants. For the Cologne area, the project contributes to the development of a new hydrogen model region, which is to build on activities around fuel stations, car and bus use and which can show the potential of hydrogen.

 

 

Published in News

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