Business
Hannover Fair and First Sale to New Territories
Hannover Fair and First Sale to New Territories.
About this update from Itm Power Plc
[{"type":"text","content":"\n \nRNS Number : 6733D ITM Power PLC 01 May 2013 \n \n\n1 May 2013\n \nITM Power plc\n(\"ITM Power\" or the \"Company\")\n \nHannover Fair results in Significant Utility Scale Power-to-Gas Enquiries \n \nFirst Sales Achieved in South America and Hungary\n \nITM Power (AIM: ITM), the energy storage and clean fuel company, announces a successful Hydrogen and Fuel Cell Fair at the Hannover Messe in April and the Company's first sales of products to South America and Hungary.\n \nThe Hydrogen and Fuel Cell Fair at the Hannover Messe took place from the 8th to the 12th April 2013. As last year, ITM Power had a significant presence at the Fair and once again provided its HFuel hydrogen refueling station to refuel the fleet of fuel cell electric vehicles at the event.\n \nThe Company's products attracted a high level of interest, resulting in a large pipeline of leads which have been followed up. This year the quotations that have been issued are much larger in size than last year and are predominantly to international companies. Many enquiries were also directed to specific projects or live tenders rather than general information gathering and have resulted in significant corporate engagement.\n \nUtility scale energy storage applications in the form of both 'Power-to-Gas' and 'Power-to-Gas plus Methanation' dominated the enquiries and were the subject of dedicated discussions and presentations in the public and technical forums. The increased awareness of these energy storage techniques by major power, oil and gas companies is noteworthy.\n \nSeparately, ITM Power announces the sale of two reference plant built on the HPac platform to South America and Hungry; these are the first sales to these territories and the Company notes the increased level of interest in its products from Eastern European countries.\n \nITM Power CEO, Dr. Graham Cooley, commented: \"We had another very good Fair at the Hannover Messe where our pipeline of enquiries was refreshed and extended. Power-to-Gas energy storage is seeing intense interest from European energy companies and ITM Power's technology is well positioned as a result of the Thuga contract win.\"\n \nDr Graham Cooley will be presenting the Company's Power-to-Gas energy storage strategy and products at the Zeus Capital \"...