Business
Shell Collaboration Agreement
Shell Collaboration Agreement.
About this update from Itm Power Plc
[{"type":"text","content":"\n \nRNS Number : 1191Y ITM Power PLC 07 May 2019 \n\n7 May 2019\n \nITM Power plc\n(\"ITM Power\" or \"the Company\")\n \nShell Collaboration Agreement\n \nITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce the extension of the UK refuelling collaboration agreement with Shell, which was originally announced on 10 September 2015. The new agreement will run until 2024, and covers the refuelling of all types of hydrogen vehicles; from passenger cars to commercial vehicles, including buses, trucks, trains and ships.\n \nCurrent and planned Shell and ITM Power UK refuelling stations:\nCurrently ITM Power operates two hydrogen refuelling stations (HRS) at Shell service stations at both Shell Cobham on the M25 and Shell Beaconsfield on the M40. Four further HRS are funded. The HRS at Shell Gatwick is under construction and will be opened later this year; Shell Derby will also follow in 2019, with two further London stations also planned. The UK hydrogen refuelling station network has been jointly funded by the UK's Office for Low Emission Vehicles and the Fuel Cells and Hydrogen Joint Undertaking.\n \nCommenting on the agreement, Mike Copson, Shell Hydrogen said: \"Shell has been working with ITM Power over the last three years to deliver hydrogen refuelling to our customers in the UK. The successes we have achieved at Shell Cobham and Shell Beaconsfield are a strong step toward making Hydrogen a convenient and viable fuel choice, and we look forward to continuing to expand the UK's developing network.\"\n \nDr Graham Cooley, CEO, ITM Power, commented: \"We are delighted to announce our continued collaboration with Shell. We have been working together since 2015 and have developed a trusted partnership that forms a solid basis to expand in the UK and worldwide. I look forward to updating the market with further news as it arises.\"\n \nFor further information please visit www.itm-power.com or contact: \n \n\n\n\nITM Power plc\nAndy Allen, Finance Director\n\n\n+44 (0)114 244 5111\n\n\n\n\nInvestec Bank plc (Nominated Adviser and Broker)\nChris Sim / Jeremy Ellis\n \n\n\n+44 (0)20 7597 5970\n\n\n\n\nTavistock (Financial PR and IR)\nSimon Hudson / Nick Elwes / Barney Hayward\n\n\n+44 (0)20 7920 3150\n\n\n\n \nAbout ITM Power plc:\nITM Power manu...