Award of Grant

RNS Number : 0280K

ITM Power PLC

12 April 2010

 



12 April 2010

ITM Power plc

("ITM Power" or "the Company")

Grant Funding for Electrolyser Scale Up

ITM Power (AIM:ITM), the energy storage and clean fuel company, is pleased to announce that the Company has been awarded grant funding of £195,000.00 over 12 months towards a project to progress the development of a Clean Fuel Production Module (CFPM).

The grant will enable ITM Power to scale up cells and stacks to achieve a versatile CFPM designed for high volume manufacture; an important step to commercialise ITM Power's key Hydrogen infrastructure products.

ITM Power is showcasing a range of Hydrogen generation products atthe Hannover Messe on 19-23 April and the NHA Expo at Long Island, California on 3-6 May.

ITM Power Electrolyser Brochure

http://www.itm-power.com/index2.php?option=com_content&view=article&id=358 

ITM Power HFuel Brochure

http://www.itm-power.com/index2.php?option=com_content&view=article&id=359

Dr. Graham Cooley, CEO ITM Powercommented; "I am delighted that a UK government body has again acknowledged the importance and significance of ITM manufacturing its new product range in the UK."

Notes to Editors:

ITM Power has developed a range of materials and technology to reduce the cost of hydrogen production. The Company is developing equipment to convert renewable energy to a clean fuel; storing the energy as green hydrogen for decarbonising transport, industrial and residential applications. www.itm-power.com 

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

ITM Power plc                            0114 244 5111

Graham Cooley, CEO

Panure Gordon & Co                  020 7459 3600

Andrew Godber

Tavistock Communications         020 7920 3150

Simon Hudson / James Midmer

 

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