Shell and National Grid Join Gas Inject Project

RNS Number : 9435K

ITM Power PLC

29 August 2012

 



29 August 2012

ITM Power plc

("ITM Power" or the "Company")

Shell and National Grid Join Gas Inject Project

ITM Power (AIM: ITM), the energy storage and clean fuel company, announces that Shell Research Limited ("Shell") and National Grid plc have joined the Hydrogen Gas Inject feasibility study part funded by the Technology Strategy Board under its Smart Power Distribution and Demand competition.

The ITM Power lead project aims to investigate the technical, financial and operational feasibility of injecting hydrogen gas, generated from electrolysis fed from excess renewables, into the UK gas networks.  The project includes preliminary logistical research, system research, creation of a generation model and the simulation of hydrogen production at a single wind farm.

Dr Graham Cooley, CEO at ITM Power, commented: "Having both Shell and National Grid plc contributing to this project will provide a significant level of industry expertise and we are delighted to be working with these highly respected organisations."

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

ITM Power plc Graham Cooley, CEO	0114 244 5111
Singer Capital Markets Limited (Nominated Adviser & Broker) Shaun Dobson / Samantha New	www.singercm.com 020 3205 7628
Tavistock Communications Simon Hudson / Kelsey Traynor	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.  A further funding round of £28.5m was completed in 2006 and a recent funding round raised £5.4m in July 2012.  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:

·      EcoIsland TSB Funding

http://www.fuelcelltoday.com/news-events/news-archive/2012/july/ecoisland-progresses-tsb-grant-awarded-for-isle-of-wight-integrated-hydrogen-project

·      700bar Dispensing Collaboration in Germany

http://www.itm-power.com/news-item/700bar-dispensing-collaboration-in-germany/

·      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/

·      Electrolyser Distribution with Horizon Fuel Cells

http://www.horizonfuelcell.com/fuel_solutions_hbox.htm

·      CREO with Ford, Jaguar Land Rover and Johnson Matthey

http://www.itm-power.com/about-itm/partners/?id=45

·      Exclusive European distribution rights for Materials Handling Fuel Cells

http://www.itm-power.com/news-item/exclusive-european-distribution-rights-for-materials-handling-fuel-cells/

·      Sale of Equipment to EADS

http://www.itm-power.com/news-item/sale-of-equipment-to-eads/

·      EU Grant Award for PEM Water Electrolysers Coupled to Renewable Power Sources

http://www.itm-power.com/news-item/eu-grant-award-for-pem-water-electrolysers-coupled-to-renewable-power-sources/

About Shell:

Shell is a global group of energy and petrochemicals companies with around 90,000 employees in more than 80 countries and territories.

http://www.shell.com/home/content/aboutshell/

About National Grid:

National Grid is an international electricity and gas company and one of the largest investor-owned energy companies in the world. We play a vital role in providing energy to millions of customers across Great Britain and the Northeast US in an efficient, reliable and safe manner.

http://www.nationalgrid.com/UK/about

About the Technology Strategy Board Competition:

http://www.innovateuk.org/content/press-release/innovative-small-businesses-to-drive-power-sector-.ashx

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