November 2019

ITM Power (AIM: ITM), the energy storage and clean fuel company, and Iwatani Corporation of America ("ICA"), a wholly owned subsidiary of Iwatani Corporation (8088: Tokyo Stock Exchange) are pleased to announce that the two companies have signed a collaboration agreement for the deployment of multi MW electrolyser based hydrogen energy systems in North America.

ITM Power and ICA have a shared vision to reduce pollutants and improve air quality by offering renewable hydrogen to the transportation, energy storage and renewable energy sectors in North America. The collaboration agreement enables the companies to share opportunities and, where a commercial case exists, work together on an exclusive basis to deploy ITM Power's world leading PEM electrolysers and Iwatani's leading gas handling and deployment solutions.

Particular areas of interest lie in the California hydrogen refuelling station market and large-scale liquid and gaseous renewable hydrogen production for domestic and export markets.

Joe Cappello, CEO Iwatani Americas, commented: "We are very pleased to have signed this agreement and to be collaborating with ITM Power to meet the needs of customers who have committed to transitioning to low-carbon-intensity derived hydrogen as an energy source. ITM Power's world leading electrolysers and Iwatani's vision for growth in the North American green hydrogen market align very well and we look forward to deploying projects together." 

Dr Graham Cooley, CEO, ITM Power, added: "Iwatani Corporation is a recognized leader in the hydrogen industry, and we are delighted to be collaborating with the company in North America. Transport refuelling is just the tip of the iceberg for demand for hydrogen from renewable sources and this partnership will be well positioned to participate in this exciting and rapidly growing industry."

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

 

 

ITM Power plc

Andy Allen, Finance Director

+44 (0)114 244 5111

Iwatani Corporation of America

Joe Cappello

This email address is being protected from spambots. You need JavaScript enabled to view it.

Investec Bank plc (Nominated Adviser and Broker)

Chris Sim / Jeremy Ellis

 

+44 (0)20 7597 5970

Tavistock (Financial PR and IR)

Simon Hudson / Barney Hayward /Edward Lee

+44 (0)20 7920 3150

 

About ITM Power plc:

ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of green hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004.  In October 2019, the Company announced the completion of a £58.8 million fundraise, including a subscription by Linde of £38 million, together with the formation of a joint-venture with Linde to focus on delivering green hydrogen to large scale industrial projects worldwide.  ITM Power signed a forecourt siting agreement with Shell for hydrogen refuelling stations in September 2015, (which was extended in May 2019 to include buses, trucks, trains and ships) and in January 2018 a deal to deploy a 10MW electrolyser at Shell's Rhineland refinery. ITM Power announced the lease of the world's largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum in July 2019. Customers and partners include Sumitomo, Ørsted, National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde, Toyota, Honda, Hyundai and Anglo American among others.

 

About Iwatani Corporation's Commitment to Hydrogen

Since 1941, Iwatani has regarded hydrogen as the ultimate clean energy source and has consistently engaged in initiatives to encourage its widespread use. Under the corporate slogan "A world where all enjoy true comfort -- this is Iwatani's desire," Iwatani strives to solve environmental concerns with the aim of achieving a carbon-free society through the use of hydrogen. In addition, Iwatani is a Steering Member of the Hydrogen Council, a global initiative of leading energy, transport and industry companies with a united vision and long-term ambitions for hydrogen to foster the energy transition. To stimulate new hydrogen demand, Iwatani is developing hydrogen-refuelling stations with the aim of the widespread distribution of fuel cell electric vehicles.

 

Relevant initiatives are being promoted in cooperation with Japan H2 Mobility, which was established jointly by infrastructure operators, automakers, financial investors and other stakeholders as the driving force for developing hydrogen-refuelling stations. Iwatani also participates in initiatives involving carbon-free hydrogen, including a demonstration project for the production, transportation and storage of large quantities of liquid hydrogen in Australia and the Fukushima Plan for a New Energy Society, one of the world's largest hydrogen production projects, using renewable energy with zero CO2 emissions. Iwatani is an Executive Board Member of the California Fuel Cell Partnership and Member of the California Hydrogen Business Council.

 

Iwatani Corporation of America has corporate offices in Houston, Texas, and Santa Clara, California.

 

For further information please visit www.iwatani.com

Published in News

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the appointment of Juergen Nowicki, currently Senior Vice President Commercial & CFO of Linde Engineering, as a Non-executive director of ITM Power with effect from 1 November 2019.
 
Juergen leads Commercial activities at Linde Engineering for Linde plc. He joined Linde in 1991 as Internal Auditor and subsequently held different positions in Finance & Controlling. In 2002, he was appointed CFO Linde Gas North America, USA, and was named Head of Finance & Control for The Linde Group in 2006. He assumed his role as Managing Director Linde Engineering in 2011 and was appointed Speaker of the Board of Linde Engineering in 2015. 
 
Prior to joining Linde, he served as Organization & Application Advisor for Delta Systemtechnik, Germany. Juergen holds a master’s degree in Industrial Engineering from the Technical University of Karlsruhe, Germany.
 
Juergen Nowicki commented “I am delighted to be joining the Board as a Non-executive Director following the Linde Engineering acquisition of a 20% stake in ITM Power. Together with the newly established joint venture with Linde, ITM Power will continue to play a leading role in green hydrogen.”
 
Sir Roger Bone, Chairman of ITM Power said: “On behalf of the ITM Power Board, I welcome Juergen as a non-executive director whose financial, strategic and technical experience will add significant value to the business.  Juergen’s appointment strengthens the communication between ITM Power and our largest shareholder Linde Engineering and we all look forward to developing a very close working relationship in the coming years.”
 
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 Jeremy Ellis / Chris Sim    Tavistock (Financial PR and IR) (0)20 7920 3150 Simon Hudson / Edward Lee / Barney Hayward 
 
Further regulatory disclosures Other than as disclosed below, there are no further disclosures to be made in accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies: 
 
Name: Juergen Nowicki
 
Juergen Nowicki is, or has during the last five years been, a director or partner of the following companies and partnerships:
 
Current 
Prokurist Commercium Immobilien- und Beteiligungs-GmbH

Chairman Hangzhou Linde International Trading Co., Ltd.
Director Linde (Australia) Pty. Ltd. Prokurist Linde Aktiengesellschaft 
Vice Chairman Linde Engineering (Dalian) Co. Ltd.
Chairman Linde Engineering (Hangzhou) Co. Ltd.
Director Linde Engineering Korea Ltd.  
Chairman Linde Engineering North America Inc. 
Director Linde Engineering US LLC
Vice President Linde Engineering US LLC Mitglied Linde Kryotechnik AG Consejero LPM, S.A. de C.V.
 
Former  
Prokurist Linde Aktiengesellschaft 2012-2019
Geschäftsführer Cunduacan Invest GmbH 2010-2014
Mitglied Selas-Linde GmbH 2012-2015
Mitglied Linde Engineering Dresden GmbH 2012-2014
Vorsitzender Linde Engineering Dresden GmbH
2014-2015 Director Linde Engineering North America Inc.
2012-2014 Mitglied Linde Kryotechnik AG
2012-2015 Director LINDE CRYOPLANTS LIMITED
2012-2015 Director Linde Engineering India Private Limited
2012-2016 Chairman Linde Engineering South Africa (Pty) Ltd.
2014-2016 Director Linde Arabian Contracting Co., Ltd.
2012-2014 Chairman Linde Arabian Contracting Co., Ltd.
2014-2016 Director Linde Engineering (Hangzhou) Co. Ltd.
2013-2015 Director Linde Engineering (Dalian) Co. Ltd.
2013-2015 Member Linde Engineering Middle East LLC
2013-2016 Director Hangzhou Linde International Trading Co., Ltd.
2014-2015 Director LINDE SAUDI ARABIA LLC
2014-2017 Chairman Linde Process Plants, Inc.
2015-2016 Director Linde Process Plants, Inc.
2012-2016 Director CRYO Aktiebolag
2012-2015 Chairman CRYO Aktiebolag 2015-2016
 
About ITM Power plc:
ITM Power plc manufactures integrated hydrogen energy solutions for grid balancing, energy storage and the production of green hydrogen for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004.  In October 2019, the Company announced the completion of a £58.8 million fundraise, including a subscription by Linde of £38 million, together with the formation of a joint-venture with Linde to focus on delivering green hydrogen to large scale industrial projects worldwide.  ITM Power signed a forecourt siting agreement with Shell for hydrogen refuelling stations in September 2015, (which was extended in May 2019 to include buses, trucks, trains and ships) and in January 2018 a deal to deploy a 10MW electrolyser at Shell’s Rhineland refinery. ITM Power announced the lease of the world’s largest electrolyser factory in Sheffield with a capacity of 1GW (1,000MW) per annum in July 2019. Customers and partners include Sumitomo, Ørsted, National Grid, Cadent, Northern Gas Networks, Gasunie, RWE, Engie, BOC Linde, Toyota, Honda, Hyundai and Anglo American among others.
 
About Linde
Linde is a leading industrial gases and engineering company with 2018 pro forma sales of USD 28 billion (EUR 24 billion). The company employs approximately 80,000 people globally and serves customers in more than 100 countries worldwide. Linde delivers innovative and sustainable solutions to its customers and creates long-term value for all stakeholders. The company is making our world more productive by providing products, technologies and services that help customers improve their economic and environmental performance in a connected world. For more information about the company, please visit www.linde.com
 
-ends-

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