Business
Sale to Toyota Australia
Sale to Toyota Australia.
About this update from Itm Power Plc
[{"type":"text","content":"\n \nRNS Number : 2280T ITM Power PLC 19 March 2019 \n\n19 March 2019\n \nITM Power plc\n(\"ITM Power\" or the \"Company\")\n \nITM POWER SECURES FIRST EQUIPMENT SALE TO TOYOTA AUSTRALIA\n \nFurther to the Company's announcement on 14 January this year of its first four sales in Australia, ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that Toyota Australia have purchased from ITM Power a 0.25MW rapid-response PEM electrolyser. Further details of the other three sales will be released in due course. \n \nOn 28 December 2017, the Company announced the formation of ITM Power Pty Ltd, a wholly owned subsidiary incorporated in Australia, the appointment of Dr Neil Thompson as Managing Director (\"MD\") and membership of Hydrogen Mobility Australia (www.hydrogenmobilityaustralia.com.au). The Company announces today its first customer in this important new territory.\n \nThe electrolyser will generate hydrogen on-site at Toyota's facilities in Altona, Melbourne using renewable energy to split water. The hydrogen will be utilised for refuelling Toyota's fuel cell electric vehicles including the Toyota Mirai.\n \nITM Power Pty MD, Dr Neil Thompson, said: \"We are delighted to be working with Toyota in Australia and making our first sale in this exciting new territory. We look forward to working closely with Toyota Australia, a fellow member of Hydrogen Mobility Australia.\"\n \nITM Power CEO, Dr Graham Cooley, said: \"Australia is an important new market for ITM Power and we are working hard to build strong commercial relationships with our partners. I am delighted to be working closely with Toyota as it continues to explore and showcase opportunities for hydrogen in Australia including the Mirai FCEV. The valuable work of Hydrogen Mobility Australia and their members is also a key focus for our business development activities.\"\n \nToyota Australia Manager of Advanced Planning, Matt MacLeod, said: \"Toyota Australia sees great opportunities for hydrogen in Australia as a method to lower carbon emissions and support utilisation of renewable energy. ITM Power has demonstrated capability in this field in overseas markets and we look forward to continuing to support the growing interest in the hydrogen industry in Australia.\"\n \nAbout ...