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ITM Power announces that EnergyStock has purchased an ITM Power 1MW rapid response PEM electrolyser

Publié le 19 septembre 2017

ITM Power announces that EnergyStock has purchased an ITM Power 1MW rapid response PEM electrolyser

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that EnergyStock, a subsidiary of Gasunie, the Dutch gas transmission network operator, has purchased an ITM Power 1.1MW rapid-response PEM electrolyser.

 

The sale was won in a competitive tender process and includes an after-sales support contract.

 

The electrolyser will be located at EnergyStock’s Zuidwending salt cavern storage facility in northern Netherlands, and the generated hydrogen will be either used on-site within EnergyStock’s systems, or dispensed into tube trailers for supply to future hydrogen refuelling stations.

Power will be delivered to the equipment via TenneT’s high voltage electricity network.

 

ITM Power CEO, Dr. Graham Cooley, said: “We are delighted to be working with EnergyStock in the rapidly developing Power-to-Gas energy storage market. Power-to-Gas is the lowest cost long duration energy storage technique known. Power-to-Gas Energy Storage is joined up energy systems thinking – it exploits the virtues of an existing asset (the gas grid) to decarbonise both electricity and gas networks. Using excess renewable power to provide renewable heat combines two problems into one elegant solution.”

 

For further information please visit www.itm-power.com or contact: ITM Power plc, Graham Cooley, CEO +44 (0)114 244 5111

About ITM Power plc

ITM Power manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. The Company received £4.9m as a strategic investment from JCB in March 2015. The Company signed a forecourt siting agreement with Shell in September 2015. The Company currently has £20m of projects under contract and £16.7m of contracts in the final stages of negotiation, totalling £36.7m (subject to exchange rate variation).

 

About EnergyStock

EnergyStock as affiliate of N.V. Nederlandse Gasunie (a European gas infrastructure company that provides the transport of natural gas and green gas in the Netherlands and the Northern part of Germany) provides energy storage services.

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