Business
Welsh Government Grant
Welsh Government Grant.
About this update from Itm Power Plc
[{"type":"text","content":"\n \nRNS Number : 7055P ITM Power PLC 04 October 2013 \n \n\n4 October 2013\n \nITM Power plc\n(\"ITM Power\" or \"the Company\")\n \nWelsh Government Backing for ITM Power in Wales\n \nITM Power (AIM:ITM), the energy storage and clean fuel company, is pleased to announce that it has received a £1m grant award from the Welsh Government to establish a wholly owned subsidiary, ITM Motive, in Wales to assist with the establishment of a hydrogen refuelling infrastructure in Wales. \n \nThe grant reflects a growing momentum and appetite for deployment of ITM Power's electrolyser based hydrogen refuelling stations at sites across Wales, to produce hydrogen fuel from renewable energy, including the planned M4 corridor project and a wider Welsh roll-out. The Welsh Government has also recently joined the UKH2Mobility project and is committed to a leading first mover role for Wales in the roll-out of hydrogen refuelling infrastructure.\n \nITM Motive will initially establish a business development office in Cardiff. The ultimate intention is to establish a facility for assembly and after sales support in Wales. ITM Motive will work closely with the Baglan Hydrogen Energy Centre at the University of South Wales and Ynni Glan, the clean energy consultancy specialising in fuel cells, hydrogen, solar, wind and bioenergy, on the development of a Welsh hydrogen refuelling infrastructure.\n \nThe Welsh Government has also established the Welsh Low Carbon Vehicle Steering Group and appointed Dr Graham Cooley CEO of ITM Power as a member. Professor Garel Rhys will chair the group, which consists of representatives from the Welsh Automotive Forum, Cardiff Business School, EV Centre of Excellence, Cardiff University, Toyota Europe, University of South Wales, the Energy Saving Trust, British Gas and SSE.\n \nITM Power is also delighted to announce the appointment of Dr John Newton as MD of ITM Motive. John has been Business Development Manager at ITM Power for nearly two years and has successfully developed some of its largest UK projects. Prior to joining ITM Power, John was CIO for the generation business at RWE Npower. John has 19 years' utility experience in various roles, R&D, supply chain development and management, international business development, engineering consultancy and IT demand side manage...