Business
HRS Update
HRS Update.
About this update from Itm Power Plc
[{"type":"text","content":"\n \nRNS Number : 2148Z ITM Power PLC 13 March 2017 \n\n13 March 2017\n \nITM Power plc\n(\"ITM Power\" or the \"Company\")\n \nHydrogen Refuelling Stations Update\nHRS Planning Consent in Birmingham, Sheffield and Swindon \n \nITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to update the market on its progress in providing Hydrogen Refuelling Stations (HRS) in the UK. The Company currently has £17.35m of revenue under contract and £6.41m in the final stages of negotiation, making a total pipeline of £23.76m.\n \nThe Company announces that it has gained full planning permission at four sites comprising Birmingham, Swindon and two sites in Sheffield. Additional sites have been identified in London and around the M25; along the M1 Corridor including Leeds; and along the M40 Corridor including Oxford and along the M4 including Bristol and Cardiff. The plans outlined here have been put in place prior to the UK Government's Office of Low Emission Vehicles (OLEV) announcing further grant incentives for hydrogen vehicles and new refuelling infrastructure.\n \nITM Power now has four publicly accessible HRS, one on the M1 funded by InnovateUK and three funded by the FCH JU and OLEV under the HyFive project. Two further HRS funded by the FCHJU and OLEV under the H2ME project are in construction and another three funded by the FCHJU under the H2ME2 project have been granted planning permission.\n \nITM Power CEO, Dr. Graham Cooley, said: \"UK cities are now under increasing pressure to improve air quality. Air pollution levels have reached \"very high\" or \"high\" in eight regions across the UK and London has been issued a final warning by the EU. We have made significant headway in planning further HRS deployments on the M1, M4, M40 and particularly inside the M25 ahead of the accelerating roll-out of commercial and passenger fuel cell electric vehicles as a result of new air quality legislation.\"\n \nFor further information please visit www.itm-power.com or contact: \n \n\n\n\n\nITM Power plc\nGraham Cooley, CEO\n \n\n\n+44 (0)114 244 5111\n\n\n\n\nZeus Capital\nAndrew Jones / Hugh Kingsmill Moore\n \n\n\n+44 (0)20 3829 5000\n\n\n\n\nTavistock Communications \nSimon Hudson / James Collins\n\n\n+44 (...