New product - Solar Battery Storage

RNS Number : 8658P

Proton Power Systems PLC

07 October 2013

 



07 October 2013

Proton Power Systems plc

("Proton Power" or the "Company")

Solar Battery Storage - New product for a fast growing market

Proton Power Systems has launched a new product line for Solar Battery Storage (SPBS3000) and secured orders in Germany and the Middle East

Proton Power Systems (AIM:PPS) is pleased to announce that its subsidiary SPower has launched a new product for Solar Battery Storage Systems. The first model, SPBS3000, is a small Battery Storage System which is connected with a Solar Module System. It allows storage of the solar power during the day and provides energy at night. It also serves as a UPS "Uninterruptible Power Supply System" with a 15kWh Battery. The System can be used on or off grid and can feed power into the grid. It also can work in combination with a diesel generator and is specified for EMEA markets for multi usage functionality. It is made in Germany and will be sold at a very competitive price. In the coming twelve months additional power ratings will be released.

The market for solar module and battery storage systems is growing very fast. Falling costs for these systems and rising prices for grid power make it an easy investment decision. SPower will sell to solar installers or Utility Companies for private or smart grid applications.

John Wall, Chairman of Proton said, "This product solves an acute problem for existing and future solar systems where power is generated during the day and sold to the grid at a discounted rate and then has to be purchased back from the grid in the evening at full commercial rates. We are excited about this product line and look forward to seeing rapid sales growth for SPower. The market needs solar storage systems and we can now supply them. More power ratings will follow soon."

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For further information:

Proton Power Systems plc
John Wall, Chairman	Tel: [phone]
Achim Loecher, FD	Tel: [phone]
	www.protonpowersystems.com

Westhouse Securities Limited Nominated adviser and broker	Tel: [phone]
Antonio Bossi	www.westhousesecurities.com

About Proton Motor Fuel Cell GmbH

Proton Motor is an expert in industrial fuel cells, fuel cell and hybrid systems with more than 17 years of experience in this sector.  Based in Puchheim near Munich, Proton Motor offers complete fuel cell and hybrid systems from a single source - from the development and production through the implementation of customized solutions.  The focus of Proton Motor is on back-to-base, for example, for mobile, marine and stationary solutions applications.  The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customized systems.

Proton Motor acquired SPower GmbH in 2013. Established in 2007, SPower serves IT, Telecoms, public infrastructure and healthcare customers in Germany, Europe and Middle East with power supply solutions for DC and AC power demand. In addition to power supply, SPower also offers solutions for Solar Systems as well as a new product line for Solar Energy Storage.

Proton Motor Fuel Cells GmbH is wholly owned subsidiary of Proton Power Systems plc.  The Company has been listed on the London Stock Exchange since October 2006 (code: PPS).

 

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