Participation in Mediterranean P-to-G platform

RNS Number : 5291K

ITM Power PLC

31 July 2013

 



31 July 2013

ITM Power plc

("ITM Power" or the "Company")

Participation in the Mediterranean Power-to-Gas platform

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has joined the newly formed Mediterranean Power-to-Gas platform (MP2G) which will develop projects based on the integration of both wind and solar PV for Power-to-Gas energy storage across the Mediterranean region.

The MP2G platform, managed by DNV KEMA, has been established to develop energy storage projects in the Mediterranean region for intermittent energy based on wind power and solar PV, whereas the North Sea Power-to-Gas platform (NSP2G) focuses on wind power in the North Sea region.

The list of members of the MP2G platform includes EDP (Portugal), REN (Portugal), Enagas (Spain), Gas Natural (Spain), GDF Suez (France), TIGF (France), Edison (Italy), Hydrogenics and SNAM (Italy).

ITM Power CEO, Graham Cooley, commented: "Power-to-Gas energy storage is the lowest cost long term energy storage technique and is being deployed all over Europe and we are delighted to be part of this new initiative."

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

ITM Power plc Graham Cooley, CEO	0114 244 5111
Zeus Capital  (Nominated Adviser & Broker) Tim Metcalfe / John Goold	020 7533 7727
Tavistock Communications Simon Hudson	020 7920 3150

About ITM Power

ITM Power plc 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:

·      Contract for Operation of Hydrogen Facility

http://www.itm-power.com/news-item/contract-for-operation-of-hydrogen-facility/

·      Participation in Swiss H2Mobility

http://www.itm-power.com/news-item/participation-in-swiss-h2mobility/ 

·      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/

·      Participation in North Sea Power-to-Gas Platform

http://www.itm-power.com/news-item/participation-in-north-sea-power-to-gas-platform/

·      First Sale of 'Power-to-Gas' Plant in Germany

http://www.itm-power.com/news-item/first-sale-of-power-to-gas-plant-in-germany/

·      Electrolysis to play a key role in Hydrogen Roadmap for UK

http://www.itm-power.com/news-item/electrolysis-to-play-a-key-role-in-hydrogen-roadmap-for-uk/

·      CE Marking of Fuel Cell System for Materials Handling

http://www.itm-power.com/news-item/ce-marking-of-fuel-cell-system-for-materials-handling/

·      EU Funding for Advanced Refuelling Project

      http://www.itm-power.com/news-item/e3-59m-grant-award-for-an-advanced-refueling-product/

●    AEG Power Solutions electrolyser integration with power electronics

http://www.itm-power.com/news-item/rapid-response-electrolyser-power-systems-integration/

·      EU Funding for PEM Fuel Cell Innovation - IMPACT

http://www.itm-power.com/news-item/eu-funding-for-pem-fuel-cell-innovation-impact/

·      Agreement with ABO Wind of Wiesbaden, Germany

http://www.itm-power.com/news-item/agreement-with-abo-wind-of-wiesbaden-germany/

·      Shell and National Grid Join Gas Inject Project

http://www.itm-power.com/news-item/shell-and-national-grid-join-gas-inject-project/

·      Marks & Spencer Pilot Materials Handling Fuel Cell Project

http://www.itm-power.com/news-item/ms-agreement/

·      UKH2Mobility with leading auto OEM's, UK Gov't and industrial gas companies

http://www.itm-power.com/about-itm/partners/?id=49

·      EcoIsland with Toshiba, IBM, Cable & Wireless, SSE and Southern Water

http://www.itm-power.com/about-itm/partners/?id=46

·      Boeing Unmanned Aircraft System Refueller

http://www.itm-power.com/news-item/agreement-with-boeing/

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