EU Grant Funding

RNS Number : 2067R

ITM Power PLC

01 November 2011

 



1^st November 2011

ITM Power plc

("ITM Power" or the "Company")

EU Grant funding for industrial process heat applications

Collaboration with TWI and an EU industrial consortium

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has received confirmation of a £440k EU grant from the Seventh Framework Program: SME-2011-2 Research for SME Associations to develop equipment for process heat applications.  ITM Power will be working with TWI Ltd and a broad range of EU partners to commercialise its low cost combustion gas technology.

TWI will have overall management responsibility for the project and consortium which includes the Asociación Española de Soldadura y Tecnologías de Unión, the Heating and Ventilating Contractor's Association, The European Association for Brazing and Soldering, LG Stucchi S.r.l, Mobo Impianti S.r.l,  Webber Brennertechnik GmbH, Valmex, Teknologian Tutkimuskeskus VTT.

In many applications hydrogen can offer a direct replacement for propane and acetylene. Hydrogen combustion in air or oxygen provides a high temperature heat source without carbon emissions. Appropriately designed hydrogen burner technology can circumvent the safety problems associated with relying on pressurized acetylene cylinders in a variety of industrial settings. The work builds upon the alkaline polymer technology developed in the recently concluded HydroGen project, of which ITM Power was a partner.

Commenting for ITM Power, CEO Graham Cooley said: "This is our first EU grant. At ITM Power we are interested in on-site fuel production packaged as CE marked products. Industrial process heat applications use a wide range of fuels combined with oxygen and air. On-site fuel production alleviates the need for delivered bottled gas which has significant logistical and safety advantages."

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

ITM Power plc Dr Simon Bourne, CTO	0114 244 5111
Nomura Code Securities Limited Juliet Thompson / Dr Christopher Golden	020 7776 1200 www.nomuracode.com
Tavistock Communications Simon Hudson / Andrew Dunn	020 7920 3150

About TWI:

TWI is a global leader in technology engineering providing research and consultancy to its members. Respected for its expertise, professionalism, impartiality and confidentiality, TWI works with the most influential companies worldwide across all industry sectors. TWI work across all industry sectors and are experts in all aspects of manufacturing, fabrication and whole-life integrity management technologies.

With headquarters in Cambridge, UK, since 1946, and with several facilities around the world, TWI have a long history of invention, innovation and knowledge transfer.

About ITM Power:

ITM Power designs and manufactures Hydrogen Energy Systems for Energy Storage and Clean Fuel production. ITM Power has grown from its original platform of novel polymeric electrolytes (for water electrolysis and hydrogen fuel cells) to that of a technology provider. ITM Power now has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions and CE marked products for sale.

 

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