Business
Refuelling Station sale to Hydrogène de France
Refuelling Station sale to Hydrogène de France.
About this update from Itm Power Plc
[{"type":"text","content":"\n \nRNS Number : 5660C ITM Power PLC 29 June 2016 \n\n29 June 2016\n \nITM Power plc\n(\"ITM Power\" or \"the Company\")\n \nSale of an Integrated Refuelling Station to Hydrogène de France\n \nITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the sale of an integrated hydrogen refuelling station (HRS) with on-site generation to Hydrogène de France (HDF), for deployment in France. The contract is worth €1.5m to ITM Power before follow-on contracts such as maintenance agreements. The electrolyser HRS selection was based on HDF's usual competitive tender process. The station is targeted to serve both local captive fleets of Fuel Cell Range Extender-Electric Vehicle vans with a 350bar refueling technology and Fuel Cell Electric Vehicle with 700bar refueling technology. \n \nHDF acts as an operator of hydrogen energy to exploit the potential of hydrogen as a fuel and deploys hydrogen refuelling assets in France to prepare for future large scale deployments of fuel cell vehicles and buses. This is part of the H2 Mobilité France consortium strategy to create and then interlink regional HRS clusters across France. HDF will be responsible for the purchase, installation, operation and maintenance of the station, as well as the preparation of the HRS site.\n \nThe HRS will be commissioned mid-2017. The electrolyser HRS will be partly funded by the European Union as part of the H2ME2, EU FCH JU funded project. As part of this project, HDF will be able to test the operation of the electrolyser in a live market to provide grid balancing services.\n \nDr Graham Cooley, CEO, ITM Power commented: \"We are delighted to be working with HDF on this important sale for ITM Power. France is becoming a leader in the development of hydrogen mobility infrastructure and we look forward to further sales.\"\n \nDamien Havard, CEO, HDF commented: \"ITM Power's skills in systems management were essential in our choice. This equipment is not only the first step in our deployment of hydrogen mobility but also a key component in our offer of grid balancing services.\"\n \n\n\n\n\nITM Power plc\nGraham Cooley, CEO\n\n\n+44 (0)114 244 5111\n\n\n\n\nZeus Capital\nDan Bate / Andrew Jones / Hugh Kingsmill Moore / Alex Davies\n\n\n+44 (0...