Business
Launch of Commercial Applicat
Launch of Commercial Applicat.
About this update from Itm Power Plc
[{"type":"text","content":"\n RNS Number : 2177V ITM Power PLC 07 July 2009 \n \n7 July 2009\nITM POWER Plc\n('ITM' or 'the Company')\n\nLaunch of Commercial Application Package\n\nDemonstration of 'zero carbon' home energy system and agreement to supply demonstration kitchens and electricity storage systems to showcase housing development\n\nITM announces that, in line with the strategy set out in June 2009, it is today launching and demonstrating the equipment needed to realise a 'zero carbon' home power system aimed at taking commercial advantage of UK legislation on emissions from new homes.\n\nHousing currently contributes just under half of the UK's carbon emissions and the Government's July 2007 Building A Greener Future - Policy Statement announced that all new homes will be zero carbon from 2016. ITM has applied its patented technology to designing and building a zero carbon domestic energy system providing heating, lighting, and electric power plus the storage needed to allow this to operate from renewable resources. The system makes and stores non-polluting hydrogen which is then used in specially adapted household appliances. This system is being launched and demonstrated today to media, local authorities, potential commercial partners and potential joint-venture partners. The system has been designed to run from renewable sources of power as well as the national grid.\n\nIn addition, ITM announces that it has agreed to participate in the building of an innovative demonstration housing development in South Shields, supplying its expertise and technology, in order to show that affordable housing can be made a net producer, rather than a net consumer of energy. The housing development is being built by a partnership between Groundwork South Tyneside & Newcastle with ONE Northeast, Four Housing Group, and South Tyneside Council. The development is being financed by the partners. These houses and apartments will incorporate the best and most practical aspects of building design commensurate with the cost of the properties still allowing for their designation as affordable homes and will be no less comfortable or convenient to live in than a conventional dwelling.\n\nIn addition to ITM's hydrogen technology, the site will feature state of the art heat pumps, solar energy, renewable wind energy, and modern lo...