Memorandum of Understanding

RNS Number : 9230P

ITM Power PLC

11 October 2011

 



11 October 2011

ITM Power plc

("ITM Power" or the "Company")

Memorandum of Understanding with Dutch Fuel Cell consortium

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce its cooperation with Dutch Fuel Cell consortium (DFC) for the development of hydrogen energy systems projects for clean fuel and energy storage applications.

DFC has developed an extensive network of technology and marketing partners in the Benelux countries and is engaged in the development, implementation and exploitation of energy systems based on fuel cells and alternative energy technologies. By bringing together consortiums of experienced partners, DFC has become a National leader in the deployment of renewable generation and the introduction of zero-emission transportation in cities using highly innovative, but proven technology.

Current projects include:

•           city buses and hydrogen refuelling stations

•           renewable energy supply of mobile telecom base stations

•           energy storage for renewable energy sites

ITM Power will provide hydrogen generation, storage and dispensing technology through its HFuel technology platform and hydrogen energy system expertise for integrating electrolysers and fuel cells.

Commenting for ITM Power, Graham Cooley, CEO, said: "Partnering with DFC for the development of hydrogen energy projects is a very exciting step for ITM Power; renewable energy policies are well developed in the Benelux countries and the deployment of hydrogen as a clean fuel is gaining momentum."

Commenting for DFC, Theo Hendriks, Managing Director, said: We have been impressed with the HOST trials developed by ITM Power in the UK and with the HFuel refuelling station technology. Partnering with ITM Power provides the opportunity to introduce their technology to the rapidly expanding alternative energy market in the Benelux countries."

ITM is attending Intelec 2011International Telecommunications Energy Conference in Amsterdam on the 9^th to the 13^th October 2011 and ITM Chief Technology Officer, Dr. Simon Bourne will be presenting at the conference. DFC will be present at the ITM stand on Wednesday the 12^th October 2011.

Further details of the conference can be seen at the following URL:

http://intelec2011.org/

For further information please visit www.itm-power.com or contact:

ITM Power plc Dr Simon Bourne, CTO	0114 244 5111
Nomura Code Securities Limited Juliet Thompson / Dr Christopher Golden	020 7776 1200 www.nomuracode.com
Tavistock Communications Simon Hudson / Andrew Dunn	020 7920 3150

About DFC:

DFC organizes, develops and supplies innovative hydrogen based energy systems into long term relationships with strategic marketing partners. The partnerships are especially oriented towards integration and customization of present and future technologies. DFC has expertise and intellectual property based on hydrogen power systems for mobile telecom base stations and fuel cell electric busses.

About ITM Power:

ITM Power designs and manufactures Hydrogen Energy Systems for Energy Storage and Clean Fuel production. ITM Power has grown from its original platform of novel polymeric electrolytes (for water electrolysis and hydrogen fuel cells) to that of a technology provider. ITM Power now has both a strong base of intellectual property and engineering expertise for providing complete hydrogen solutions and CE marked products for sale.

About Intelec:

INTELEC^©, International Telecommunications Energy Conference, is an annual IEEE conference which examines and analyzes the latest developments in telecommunications energy systems and related power-processing devices and circuits.  The Conference serves the broad community of researchers exploring new applications for the design of power systems in the field of telecom applications and its environment.
In 2011, INTELEC continues to focus on its three pillars:

·      Power electronics;

·      Energy storage and

·      Energy management.

Technical papers will present research and new developments in power electronics and telecommunications power systems. There are also tutorials and a technical exhibition of products and equipment.

 

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