HRS Planning Consent in Birmingham, Sheffield and Swindon

Monday, 13 March 2017 07:01

Hydrogen Refuelling Stations Update
HRS Planning Consent in Birmingham, Sheffield and Swindon

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to update the market on its progress in providing Hydrogen Refuelling Stations (HRS) in the UK.  The Company currently has £17.35m of revenue under contract and £6.41m in the final stages of negotiation, making a total pipeline of £23.76m.

The Company announces that it has gained full planning permission at four sites comprising Birmingham, Swindon and two sites in Sheffield.  Additional sites have been identified in London and around the M25; along the M1 Corridor including Leeds; and along the M40 Corridor including Oxford and along the M4 including Bristol and Cardiff.  The plans outlined here have been put in place prior to the UK Government’s Office of Low Emission Vehicles (OLEV) announcing further grant incentives for hydrogen vehicles and new refuelling infrastructure.

ITM Power now has four publicly accessible HRS, one on the M1 funded by InnovateUK and three funded by the FCH JU and OLEV under the HyFive project. Two further HRS funded by the FCHJU and OLEV under the H2ME project are in construction and another three funded by the FCHJU under the H2ME2 project have been granted planning permission.

ITM Power CEO, Dr. Graham Cooley, said: “UK cities are now under increasing pressure to improve air quality.  Air pollution levels have reached “very high” or “high” in eight regions across the UK and London has been issued a final warning by the EU.  We have made significant headway in planning further HRS deployments on the M1, M4, M40 and particularly inside the M25 ahead of the accelerating roll-out of commercial and passenger fuel cell electric vehicles as a result of new air quality legislation.”

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 / Hugh Kingsmill Moore
+44 (0)20 3829 5000
Tavistock Communications
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 £17.35m under contract, £6.41m in the final stages of negotiation making a total pipeline of £23.76m (subject to exchange rate variation).
www.itm-power.com

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ITM POWER HEAD OFFICE
22 Atlas Way
Sheffield
S4 7QQ
+44 (0)114 244 5111

Investor Relations


TAVISTOCK COMMUNICATIONS
Simon Hudson
1 Cornhill
London
EC3V 3ND
+44(0) 20 7920 3150

ITM Power is a public limited company registered in England and Wales. Company Number 0509407