Contract for operation of hydrogen facility

RNS Number : 4052K

ITM Power PLC

30 July 2013

ITM Power plc

("ITM Power" or "the Company")

Contract for operation of hydrogen facility

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has been selected by the Homes and Communities Agency (HCA) as the preferred bidder in a recent competitive tender process to become the operator of a Hydrogen Mini Grid System (HMGS) in Rotherham, UK.

The Hydrogen Mini Grid System (HMGS) is a unique UK asset consisting of a 225kW wind turbine coupled directly to an electrolyser, 200kg of hydrogen storage and a hydrogen dispensing unit as well as a 30kW fuel cell system for back up power generation for nearby buildings.

The facility will be upgraded as a showcase for ITM Power's world-class equipment and used to provide retail hydrogen fuel services within the Sheffield City Region. The HMGS will also serve to develop ITM Power's modular commercial platform for hydrogen generation systems, power to gas and refuelling solutions. Particular focus will be on the national hydrogen mobility initiatives being undertaken in countries around the world.

The facility is located on the Advanced Manufacturing Park (AMP) in Rotherham just two miles from the M1 motorway network and within reach of large conurbations. This gives the facility a very large catchment area and provides the perfect position for a commercial refuelling station.

The M1 was highlighted as a key route for the early deployment of hydrogen refuelling in the UK in the recently published UK H2Mobility Phase 1 Report [http://www.itm-power.com/wp-content/uploads/2013/02/UK-H2Mobility-Synopsis-of-Phase-1-Results-Feb-2013.pdf] The HMGS already has planning permission for hydrogen systems and much of the required infrastructure and groundwork is already in place, which allows for very low set up costs to install and use ITM Power's non-invasive hydrogen generation technology.

Subject to final contract ITM Power will sign a five year lease on the site and will work in collaboration with local authorities, businesses, Sheffield University, DeMontfort University and UPS Systems to provide retail fuel services for a range of low carbon vehicles and provide educational material for the hydrogen sector.

ITM Power CEO, Dr Graham Cooley, said: "We are delighted to have been selected as the operator for the HMGS in Rotherham. The site has huge potential and ITM Power is perfectly positioned to realise this potential with our unique technology. Together with our partners, we will be able to use the site as a retail hydrogen fuel station for the area and it will provide a repeatable blueprint for similar systems to be deployed around the world."

For further information please visit www.itm-power.com or contact:

ITM Power plc

Graham Cooley, CEO

+44 (0)114 244 5111

Zeus Capital (Nominated Adviser & Broker)

Tim Metcalfe / John Goold

+44 (0)20 7533 7727

Tavistock Communications

Simon Hudson

+44 (0)20 7920 3150

About the Hydrogen Mini Grid System (HMGS)

The Hydrogen Mini Grid System (HMGS) is a unique development designed as a "proof-of-concept" installation to kick start the adoption of hydrogen as a sustainable alternative to hydrocarbon fuels. The HMGS is at present the largest wind-to-hydrogen installation in the UK and is the first to incorporate both the ability to dispense high pressure hydrogen for vehicle refueling as well as a fuel cell to generate electricity.

http://www.hydrogen-yorkshire.co.uk/

About ITM Power

ITM Power was admitted to the AIM market of the London Stock Exchange in 2004 and raised its initial funding of £10m gross in its IPO. Further funding rounds of £28.5m in 2006 and £5.4m in 2012 have been completed. 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. The Company has been successful in developing strategic industry partnerships in the following projects:

· Commencement of Construction of German Power-to-Gas Plant

http://www.itm-power.com/news-item/commencement-of-construction-of-german-power-to-gas-plant/

· ITM Power Joins French hydrogen infrastructure programme

http://www.itm-power.com/news-item/participation-in-french-hydrogen-infrastructure-programme/

· ITM Power Joins Californian Hydrogen Business Council Hydrogen Energy Storage (HES) Program

http://www.itm-power.com/news-item/itm-power-joins-californian-hydrogen-business-council-hydrogen-energy-storage-hes-program/

· German Energy Agency Power to Gas Strategy Platform

http://www.itm-power.com/news-item/itm-power-joins-german-energy-agencys-power-to-gas-strategy-platform/

· Incorporation of ITM Power ApS Denmark

http://www.itm-power.com/news-item/incorporation-of-itm-power-aps-in-denmark/

· Participation in H2USA

http://www.itm-power.com/news-item/participation-in-h2usa/