ITM Power PLC Second Contract with AMEC and National Grid

RNS Number : 1101A

ITM Power PLC

18 December 2014

18 December 2014

ITM Power plc

("ITM Power" or "the Company")

Gas Network Optimisation Contract with AMEC and National Grid

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has secured a second commercial contract from AMEC Foster Wheeler plc ("AMEC") and National Grid plc ("National Grid") to create the business case for widespread deployment of Power-to-Gas energy storage technology to reduce the energy losses in the gas network.

This second follow-on project will build on the Phase 1 Technical Feasibility and identify specific sites on the gas network where Power-to-Gas can be most advantageously deployed. This will reduce energy losses and increase system efficiency for the UK gas network. AMEC, a tier 1 supplier to National Grid will lead the project and continue to provide a third party assessment of the benefits.

Dr Graham Cooley, CEO of ITM Power commented: "ITM Power is delighted to be working with National Grid and AMEC on the next phase of this implementation. We are all very encouraged by the project findings so far and the objective now is to identify the sites best suited to installing Power-to-Gas equipment. We are solving a problem common with all gas networks and there is very significant market potential in the UK and worldwide."

ITM Power plc Injection of Hydrogen into the German Gas Distribution Grid 04 December 2013

RNS Number : 6226U

ITM Power PLC

4 December 2013

("ITM Power" or "the Company")

ITM Power (AIM:ITM), the energy storage and clean fuel company, is pleased to announce that, with its partners Mainova Aktiengesellschaft and NRM Netzdienste Rhein-Main GmbH, the Company has injected hydrogen into the German gas distribution network. The ITM Power rapid response electrolyser plant has been delivered and commissioned ahead of schedule and the compliance and permitting work has been completed to enable the incorporation of hydrogen via the compliant mixing plant.

According to an announcement made in Germany by the Thüga Group:

"During the current commissioning phase of the Thüga Group's power-to-gas demonstration plant, the system injected the first ever electrolytically generated hydrogen into the Frankfurt am Main gas distribution network. This represents the first ever plant to convert electricity into hydrogen and subsequently inject the hydrogen into the German gas distribution network. "The system worked as planned, so much so that we will go into trial operation in the very near future ahead of final commissioning at the start of 2014" Michael Riechel, Member of the Board of Thüga Aktiengesellschaft said.

By the end of 2016, the partners will have gained experience of how the system works under real-world conditions. The project partners are badenova AG & Co. KG, Erdgas Mittelsachsen GmbH, Energieversorgung Mittelrhein GmbH, erdgas schwaben gmbh, ESWE Versorgungs AG, Gasversorgung Westerwald GmbH, Mainova Aktiengesellschaft, Stadtwerke Ansbach GmbH, Stadtwerke Bad Hersfeld GmbH, Thüga Energienetze GmbH, WEMAG AG, e-rp GmbH and Thüga Aktiengesellschaft, which acts as project coordinator. The operational phase will be accompanied by scientific partners, whose involvement is being funded by the Hessian Ministry for the Environment, Energy, Agriculture and Consumer Protection.

H2 Injection without Compression

The core of the system is an ITM Power proton exchange membrane (PEM) electrolyser. The electrolyser converts electrical energy into chemical energy, which in turn facilitates the storage of electricity. A gas mixing plant ensures that the proportion of hydrogen in the natural gas stream does not exceed two per cent by volume, the technically permissible maximum value when a natural gas filling station is situated in the local distribution network. The electrolyser supplies the hydrogen-methane mixture at the same pressure as the gas distribution network, namely 3.5 bar. "We were thus able to avoid using a compressor and save costs," said Riechel.

The plant is located on the premises of Mainova Aktiengesellschaft in Schielestraße in Frankfurt am Main. The project partners decided to deploy a PEM system, as this technology, in comparison with alkaline systems, uses water rather than a potassium hydroxide solution, and is therefore more environmentally friendly. In addition, the system can respond more quickly to changes in the electrical load. A further advantage is the unit'scompact design (2.45m high, 6m long, 3.30m wide, weighing 10 tons). The power consumption of the electrolyser is 315 kilowatts. It produces about 60 cubic meters per hour of hydrogen and thus in one hour can feed 3,000 cubic meters of hydrogen-enriched natural gas into the network.

Power-to-Gas Project Platform

13 companies of the Thüga Group have combined their collective know-how and capital in a project platform to invest jointly in the development of power-to-gas storage technology. The focus is on testing the feasibility of power-to-gas technology. The companies are confident that in the long-term, this offers the greatest potential for storing excess renewable energy. To this end, the group is collectively developing, building and operating its own demonstration plant in Frankfurt am Main over a three-year period (2012 - 2016). The plant converts electricity into hydrogen and then stores this in the gas distribution network. Overall, the partners will invest more than EUR1.5m. The project is financially supported by the Hessian Ministry for the Environment, Energy, Agriculture and Consumer Protection. Following the first phase of this project, the partners will consider a second project, in which hydrogen will be generated and combined with carbon dioxide to form synthetic methane to be directly injected and stored in the natural gas grid. For more information see www.energie-und-wende.de."

ITM Power has deployed its PEM Electrolysis P2G plant at the Mainova Aktiengesellschaft site in Schielestrasse, Frankfurt am Main where the compliant gas mixing and grid injection infrastructure designed and built by NRM was already in place. This plant is part of the Thüga Group's Power-to-Gas (P2G) project as previously reported, which was jointly commissioned by 13 partners within the Thüga Group to investigate P2G energy storage. 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.

Phil Doran, MD of ITM Power GmbH commented: "ITM Power is delighted to be have performed the first ever injection of hydrogen into the German gas grid using a PEM electrolyser with our partners in the Thüga Group, and look forward to the official commissioning early next year."

ITM Power plc Five hydrogen refuelling sites approved for planning on the Isle of Wight 07 February 2014

ITM Power PLC

07 February 2014

7(th) Febuary2014

ITM Power plc

("ITM Power", "the Group" or the "Company")

Five hydrogen refuelling sites approved for planning on the Isle of Wight

ITM Power, the energy storage and clean fuel company is pleased to announce achievement of planning permission for five hydrogen refuelling sites on the Isle of Wight.

ITM Power has been granted planning permission for an 80kg/day hydrogen refuelling station at four locations and at one for a 15kg/day marine refuelling station. All planning applications submitted on the Isle of Wight have been successful. ITM has chosen two of these sites to take forward for installation of hydrogen refuellers ready for operation in November 2014, as part of the EcoIsland Hydrogen Vehicle Refueller project on the Isle of Wight, supported by funding from the UK's innovation agency, the Technology Strategy Board.

The approvals process involved several stages including the identification of candidate sites prior to conducting a detailed survey, preparation of plans together with a Design and Access Planning Statement and liaison with stakeholders including the Isle of Wight Council and the Environment Agency.

The sites surveyed included two owned by Vestas; one being their R&D centre at Stag Lane and the other Monks Brook, one operated by Scotia Gas Networks in East Cowes, and one at the St Cross Business Park, Newport. The marine refueller is to be sited on the dock-side at Cheetah Marine in Ventnor. ITM Power has decided to proceed with the site owned by Scotia Gas Networks, providing an opportunity to further develop commercial links with SGN.

ITM Power sits on three Working Groups of the ISO Technical Committee 197, which has as its stated scope the standardization in the field of systems and devices for the production, storage, transport, measurement and use of hydrogen. Furthermore, ITM Power sits on the British Compressed Gas Association Technical Steering Committees with particular emphasis on Code of Practice 41, which addresses "The Design, Construction, Maintenance and Operation of Filling Stations Providing Gaseous Fuels".

Dr Graham Cooley, Chief Executive of ITM Power, said: "The expertise required to achieve planning permission and satisfy compliance bodies is often underestimated. I am delighted that ITM has been successful in gaining approval to commence the build of two hydrogen refuelling stations on the Isle of Wight. Furthermore, the continued support from the Isle of Wight council and their determination to become a prime location for hydrogen fuel cell vehicle deployment provides a fantastic backdrop to this exciting project."

ITM Power plc Result of General Meeting and Placing to Raise GBP10 million 21 February 2014

RNS Number : 6472A

ITM Power PLC

21 February 2014

21 February 2014

ITM Power plc

("ITM Power" or the "Company")

Result of General Meeting and Placing to Raise GBP10 million

The Board of ITM Power (AIM:ITM.L) is pleased to announce that at the General Meeting held earlier today, all resolutions in connection with the placing of 33,333,333 new ordinary shares at a price of 30p, announced on 31 January 2014 and raising gross funds of GBP10 million for the Company, were duly passed.

Application has been made for the placing shares to be admitted to trading on AIM, and this is expected to occur on 24 February 2014.

 
 ITM Power plc 
  Graham Cooley, CEO                  0114 244 5111 
 Zeus Capital 
  Tim Metcalfe (Nominated Adviser) 
  John Goold (Institutional Sales)    020 7533 7727 
 Tavistock Communications 
  Simon Hudson / James Collins        020 7920 3150 
 

About ITM Power plc

ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. The Company has now made the transition from a research and development company to a product manufacturer and technology provider. The Company has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions.

This information is provided by RNS