LONDON, August 7, 2017 /PRNewswire/ --
ITM Power (AIM: ITM), the energy storage and clean fuel company,
is pleased to announce that it will be presenting at Hydrogen +
Fuel Cells North America, part of the SolarPower International
Conference in Las Vegas, and
launching a series of large scale refuelling station designs.
The large scale refuelling station designs are based around
electrolyser configurations of up to 50MW in size with the
capability to produce up to 20 tonnes of hydrogen per day. This is
in response to industry demand for larger scale industrial
installations for refuelling heavy logistics vehicles, such as road
haulage vehicles, ships and trains.
Separately, ITM Power announces a significant increase, of
£4.87m in the last two weeks, in its order pipeline. The Company
currently has £23.54m of projects under contract and £16.67m of
contracts in the final stages of negotiation, totaling £40.21m
(subject to exchange rate variation).
ITM Power CEO, Dr. Graham
Cooley, said: "These new refuelling station designs are
being launched in response to a dramatically increased number of
enquiries for refuelling heavy logistics vehicles at large scale.
ITM Power is delighted to be in a position to support these
important key transportation sectors as they plan their transition
to reduced emissions. This is now a priority for governments
worldwide."
NOTE TO EDITORS
Emissions in transport
In the drive to reduce harmful emissions, governments worldwide
are now focusing on the heavy logistics industry, shipping and rail
transport.
Diesel vehicles produce high amounts of smog-forming nitrogen
oxide and particulate matter (soot) and diesel emissions in the
logistics industry cause more than US $20
billion in health impacts each year, according to the
American Lung Association. Transport emissions are expected
to double by 2050 according to OECD. In California, the
freight system is the single largest contributor of diesel
particulate matter and smog forming nitrogen-oxide emissions in the
state. The LA basin has the nation's highest ozone
pollution. At the ports of Los
Angeles and Long Beach,
under their recently launched Clean Air Action Plan, up to
$14 billion will be spent under a new
clean-air plan to eliminate diesel vehicles and loading equipment
by 2035 with zero and near-zero-emission technology.
In shipping, large ocean-going ships
tend to use bunker fuel that can contain up to 3,500 times more
sulphur than the diesel used to fuel passenger cars. Shipping now
accounts for 13% of annual sulphur oxide emissions worldwide
according to the International Maritime Organization. New
global rules for shipping to cut sulphur pollution are due to come
into force in 2020 but the sulphur content of shipping fuel under
the new regulations will still be some 500 times higher than road
diesel. Shipping is also responsible for 15% of global NOx
emissions, and 3% of CO2 emissions, which are expected
to increase considerably in the next 30 years. Most of these
emissions occur out to sea but ships in seaports can be major
polluters on land.
In rail transport, enclosed railway stations hosting diesel
trains pose a risk to passengers and workers, according to an
independent study by the University of
Cambridge et al, published in September 2015. For example, London Paddington,
over a period of five days, was found to be in breach of European
limits regarding nitrogen dioxide (NO2) for outdoor air
quality. Particulate matter (PM2.5), sulphur dioxide
(SO2) and NO2 concentrations were also found
to be much higher than on the busy Marylebone road next door. Up to
70% of Paddington's trains are powered by diesel engines with many
of them old and thus exempt from the regulations for modern diesel
locomotives.
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. 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 £23.54m of projects under contract and a further
£16.67m of contracts in the final stages of negotiation, totaling
£40.21m (subject to exchange rate variation).
http://www.itm-power.com
For further information, please visit http://www.itm-power.com
or contact:
ITM Power plc
Graham Cooley, CEO,
+44-(0)114-244-5111
Tavistock (Financial PR and IR)
Simon Hudson / James Collins
+44-(0)20-7920-3150
SOURCE ITM Power Plc