TIDMITM
ITM Power PLC
12 December 2016
12 December 2016
ITM Power plc
("ITM Power" or the "Company")
100MW electrolyser plant designs to be launched at Hannover
ITM Power (AIM: ITM), the energy storage and clean fuel company,
is pleased to announce that it will be showcasing a series of large
scale electrolyser configurations up to 100MW in size at HANNOVER
MESSE 2017. This is in response to utility and oil and gas industry
demand for larger scale industrial installations.
ITM Power has sold a number of MW scale plants over the last
year and is now responding to enquires for much larger plant for
bus and heavy goods vehicle refuelling stations in the 1MW to 10MW
range and, increasingly, industrial applications ranging from
Power-to-Gas, refineries and steel making in the 10MW to 100MW
range.
The modular design of ITM Power's electrolyser systems enables
easy scale up. The use of integrated modules enables a wide
customer offering based on the Company's existing core PEM stack
technology. This approach maintains standardisation for manufacture
while minimising development and design time when scaling up. The
advantages of compact size, fast response time, high operating
efficiency and high pressure are maintained. This approach serves
the requirements of the current electrolyser market, while
providing a route to access growing markets in the multi MW
scale.
The designs that will be showcased include the new 2.2MW unit
which is at the heart of the 10, 30, 60 and 100MW designs created
for this new market demand.
Refinery hydrogen
Refineries currently use hydrogen to improve the quality of
fractional distillation products and most of this hydrogen is
produced from steam-reforming. About 17% of the total CO(2)
emissions from the European refinery sector can be attributed to
hydrogen production. Emissions from steam reforming natural gas are
about 10 tonnes of CO(2) per tonne of hydrogen produced, nearly 50%
of direct refinery CO(2) emissions. The EU Fuel Quality Directive
states that fuels in Europe must reduce their carbon emissions by
6% by 2020. Furthermore, The EU Emissions Trading System threshold,
will be reduced by 1.74% (based on the 2010 cap) annually. UKPIA
has calculated that the total additional costs for UK refineries
are up to GBP75 million/year using an allowance cost of GBP10.50/t
CO(2) e. If using green hydrogen can cut 50% of direct CO(2)
emissions, this represents a saving of GBP37 million/year for UK
refineries and small emitters (<25ktCO(2) e a year) could be
allowed to opt out entirely. Refineries need a cost effective
solution that reduces carbon emissions, allowing them to comply
with stringent legislation and avoid fines, while maintaining
output.
Chemical Industry
The chemical industry has traditionally used the reformation of
natural gas as a source of hydrogen. However, reformers have
start-up times in excess of three hours, leading to unwanted
periods of downtime for planned and unplanned maintenance. With
their rapid start up times, PEM electrolysers are able to provide
an immediate backup solution to prevent production downtime and
security of hydrogen supply.
Power-to-gas energy storage
The recent Winter Package of Directive proposals from the EC
includes energy storage involving the conversion of electricity to
another energy carrier, such as hydrogen. Ongoing work by
CEN/CENELEC is investigating hydrogen/methane blends and
establishing admissible concentration levels for hydrogen in
natural gas grids across Europe. These developments will enable
Europe-wide deployment of power-to-gas plant for injecting hydrogen
into the gas grid while offering balancing services to the
electricity grid.
Steel making
Iron ore requires chemical reduction before being used to
produce steel; this is currently achieved through the use of
carbon, in the form of coal or coke. When oxidised, this leads to
emissions of about 2.2 tonnes of CO(2) for each tonne of liquid
steel produced, equivalent to 5% of the world's anthropogenic CO(2)
emissions. The substitution of hydrogen for carbon has the
potential to significantly reduce CO(2) emissions, because hydrogen
is an excellent reducing agent and produces only water as a
by-product. Furthermore, electrolytic oxygen may be injected into
furnaces, including electric arc furnaces, to remove impurities,
reduce NOx emissions, reduce fuel consumption, and improve flame
stability and rates of heat transfer.
Future events
In addition to the HANNOVER MESSE in April, ITM Power will be
participating in the following events where it will also be
showcasing it larger plant designs: Energy Storage Connected
Systems (London), Energy Storage (Paris), International Hydrogen
and Fuel Cell Conference (Birmingham), International Renewable
Energy Storage Conference (Germany), Utility Live (Birmingham),
All-Energy (Glasgow), Energy Storage Canada (Toronto), HFC2017
(Vancouver), Next Generation Energy Storage (USA CA), Energy
Storage Association Annual Conference (USA NC), NYBEST Capture the
Energy Conference (USA NY), Bloomberg Future of Energy Summit (USA
NY).
ITM Power CEO, Dr. Graham Cooley, said: "These new plant designs
are being launched at the Hannover Messe 2017 in response to a
dramatically increased number of enquiries at large scale. These
products will make ITM Power uniquely placed to provide solutions
to the requirements of these new industrial applications."
For further information please visit www.itm-power.com or
contact:
ITM Power plc +44 (0)114 244
Graham Cooley, CEO 5111
Zeus Capital
Andrew Jones / Jonathan Sharp +44 (0)20 3829
/ Hugh Kingsmill Moore 5000
Tavistock Communications +44 (0)20 7920
Simon Hudson / James Collins 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. The Company received GBP4.9m 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 GBP19.03m of projects under contract and a further
GBP2.20m of contracts in the final stages of negotiation, totaling
GBP21.23m, subject to exchange rate variation.
About Power-to-Gas Energy Storage
Power-to-Gas is the process of converting surplus renewable
energy into hydrogen gas by rapid response electrolysis and its
subsequent injection into the gas distribution network. Rapid
response electrolysis offers an effective route for assimilating
renewable power and converting it to hydrogen which can be stored
for long periods for subsequent use as a fuel for heat, mobility or
power generation.
As the proportion of renewable energy in the electricity grid
increases, the ability to match this unscheduled intermittent
supply with the time- varying demand becomes increasingly
problematic. In fact as the deployment meets and exceeds 20%
capacity, as already experienced in many countries, grid balancing
issues become acute leading to the curtailment of wind (wind
turbines are switched off). This is driving the need for long term,
large scale energy storage solutions.
http://www.itm-power.com/sectors/power-to-gas-energy-storage
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This information is provided by RNS
The company news service from the London Stock Exchange
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December 12, 2016 02:00 ET (07:00 GMT)