Business
MoU with Good Energy to Explore Energy Tariffs
MoU with Good Energy to Explore Energy Tariffs.
About this update from Itm Power Plc
[{"type":"text","content":"\n \nRNS Number : 7140X ITM Power PLC 10 May 2016 \n\n10 May 2016\n \nITM Power plc\n(\"ITM Power\" or the \"Company\")\nMoU with Good Energy to Explore Green Energy Tariffs \n \nITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the signing of a Memorandum of Understanding with Good Energy plc (AIM: GOOD), to explore green electricity tariffs for hydrogen production at its refuelling stations across the UK. \n \nThe company has a number of strategies for sourcing low carbon electricity for the operation of its hydrogen refuelling stations, which includes: direct coupling to renewable power generation; grid balancing to access renewable energy and renewable energy contracts.\n \nITM Power and Good Energy will explore the provision of renewable energy contracts and direct coupling to renewable power generation in their portfolio for the production of hydrogen fuel across the UK.\n \nITM Power CEO, Dr. Graham Cooley, said: \"Utilising surplus renewable energy lies at the heart of the proposition for hydrogen as a clean fuel. We look forward to exploring options for direct renewable energy contracts through collaboration with Good Energy\" \n \nJuliet Davenport, Good Energy founder and Chief Executive said: \"At Good Energy we're proud to be working with ITM Power on this cutting-edge technology which can play a big part in the energy future of the world. The opportunities to work with ITM power to see how we can integrate the transport, heat and electricity market are really exciting, and we think we are a great fit to supply zero carbon renewable electricity for this inspiring venture.\"\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\nDan Bate / Andrew 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 (0)20 7920 3150\n\n\n\n\n \nAbout ITM Power plc\nITM 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 chemica...