Proton Motor Power Systems PLC Customer system integration and MoU
February 21 2023 - 1:00AM
RNS Non-Regulatory
TIDMPPS
Proton Motor Power Systems PLC
21 February 2023
REACH
Proton Motor Power Systems plc
(" Proton Motor " or the " Company ")
Customer system integration and MoU
Proton Motor (AIM: PPS), the designer, developer and producer of
fuel cells and fuel cell electric hybrid systems with a zero-carbon
footprint, is pleased to provide an update on the deployment of the
Company's fuel cell systems by a customer.
On 6 September 2022, the Company announced that it had delivered
three of its emission-free HyFrame(R) S36 systems to WILO SE
("Wilo") for use in Wilo's H Powerplant, located at its
headquarters "Wilopark" in the south of Dortmund. The Company has
now been informed that the HyFrame(R) S36 systems have been
integrated into the H Powerplant.
H Powerplant is an innovative hydrogen plant that enables the
production of green energy from renewable resources. This supports
a transition to sustainable energy for industrial companies in the
context of the Paris climate protection goals and to achieve energy
self-sufficiency.
Following the successful delivery and integration of the three
HyFrame(R) S36 systems, Proton Motor and Wilo have entered into a
Memorandum of Understanding ("MoU") to cooperate on decentralised
and decarbonised energy supply. The MoU provides for the definition
of topics and tasks in climate-neutral infrastructure projects for
the production and use of green hydrogen, with Wilo acting as a
general contractor. Proton Motor expects to derive synergies from
Wilo's extensive distribution network and contacts. The MoU also
envisages the identification of eco-friendly product applications
complementing the respective existing or future brand
portfolios.
As an exhibit for the upcoming ISH 2023 trade fair in Frankfurt,
taking place in March, Wilo has ordered another HyFrame (R) S36
system from Proton Motor. ISH 2023 is the leading trade fair for
heating, ventilation, air-conditioning and water.
The demand for the Company's quality fuel cell systems - the
S21, S28, S36 and S43 ranging from 21 kW to 43 kW - remains strong.
In addition, the Company is identifying new use cases for the
systems. For example, in 2021 three HyFrame(R) S36 systems were
arranged in a mobile containerised power plant, HyShelter(R) 240
for Shell and, in 2022, the emergency power supply for the Swiss
road tunnel Neuenhof Tunnel, in the canton of Aargau, was secured
by a HyFrame(R) S28 unit.
For further information:
Proton Motor Power Systems
Plc
Dr Faiz Nahab, CEO
Helmut Gierse, Chairman
Roman Kotlarzewski, CFO +49 (0) 173 189 0923
Antonio Bossi, Non-Executive
Director
Investor relations: www.protonpowersystems.com
investor-relations@proton-motor.de
Allenby Capital Limited
Nominated Adviser & Broker +44 (0) 20 3328 5656
James Reeve / Vivek Bhardwaj
About Proton Motor Fuel Cell GmbH
Proton Motor has 25 years of experience in Power Solutions using
CleanTech technologies such as hydrogen fuel cells, fuel cell and
hybrid systems with a zero-carbon footprint. Based in Puchheim near
Munich, Proton Motor offers complete fuel cell and hybrid systems
from a single source - from the development and production through
the implementation of customized solutions. The focus of Proton
Motor is on back-to-base, for example, for mobile, marine and
stationary solutions applications. The product portfolio consists
of base-fuel cell systems, standard complete systems, as well as
customized systems.
Proton Motor serves IT, Telecoms, public infrastructure and
healthcare customers in Germany, Europe and Middle East with power
supply solutions for DC and AC power demand.
Proton Motor Fuel Cell GmbH is a wholly owned subsidiary of
Proton Motor Power Systems plc. The Company has been quoted on the
AIM market of the London Stock Exchange since October 2006 (code:
PPS).
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