Business
10MW Refinery Hydrogen Project with Shell
10MW Refinery Hydrogen Project with Shell.
About this update from Itm Power Plc
[{"type":"text","content":"\n \nRNS Number : 5777P ITM Power PLC 01 September 2017 \n\n1 September 2017\n \nITM Power plc\n(\"ITM Power\" or the \"Company\")\n \n10MW Refinery Hydrogen Project with Shell\n \nITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to note the announcement today from Shell concerning a joint project to install a 10MW electrolyser to produce hydrogen at the Wesseling refinery site within the Rheinland Refinery Complex in Germany.\n \nITM Power CEO, Dr Graham Cooley, said: \"Decarbonising hydrogen production in the chemical and refining industries worldwide is potentially a very large market. This pioneering project with Shell aims to demonstrate what can be achieved using our industrial scale electrolysers which can also use low cost renewable energy and help to balance electricity grids.\"\n \nThe Company currently has £18.0m of projects under contract and £19.9m of contracts in the final stages of negotiation, totalling £37.9m. The Rheinland Refinery project is already included in these pipeline numbers.\n \nThe full text of Shell's announcement is set out below.\n \nSHELL PLANS PROJECT WITH ITM POWER FOR BULK HYDROGEN PRODUCTION THROUGH ELECTROLYSIS\n \nShell, together with ITM Power, plans a project to install a large scale electrolyser to produce hydrogen at the Wesseling refinery site within the Rheinland Refinery Complex. With a capacity of ten megawatts, this would be the largest unit of its kind in Germany and the world's largest PEM (Polymer Electrolyte Membrane) electrolyser. This electrolyser technology is also suitable to improve the stability of the electricity grid with a growing share of intermittent renewable energy sources, such as from solar and wind. \n \nShell through Shell Deutschland Oil GmbH and Shell Energy Europe Ltd with consortium partners ITM Power PLC, SINTEF, thinkstep and Element Energy have been invited to the preparation of a grant agreement by the European Fuel Cells and Hydrogen 2 Joint Undertaking (FCH 2 JU), following a competitive call for proposals. \n \nToday, the refinery uses approximately 180,000 tons of hydrogen per year in their various plants. The hydrogen is currently produced as a byproduct of the refining process or through natural gas reforming, while electrolysis uses electricity to...