ITM Power PLC Shell Hydrogen Refuelling Stations Update

TIDMITM

ITM Power PLC

18 November 2016

18 November 2016

ITM Power plc

("ITM Power" or "the Company")

Shell Hydrogen Refuelling Stations Update

Planning consent for Beaconsfield, Gatwick and Cambridge; Commissioning begins at Cobham

ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has been granted full planning permission from South Bucks District Council to construct a hydrogen refuelling station (HRS) at the Shell Filling Station, Beaconsfield. The Shell Filling Station is located at the Extra Motorway Services in Beaconsfield at Junction 2 of the M40 approximately four miles northwest of the M25.

The Beaconsfield station will be the first HRS in the UK to be integrated into the existing fuel forecourt, with the hydrogen dispenser located under the main fuel forecourt canopy. The station will be deployed as part of the H2ME project and the OLEV HRS Infrastructure Grants Scheme and is co-funded by the FCH JU and the UK government.

ITM Power has previously been granted planning permission to construct HRSs at the Shell Filling Station at Gatwick, together with the Extra Motorway Service Area Shell Filling Stations off the M25 at Cobham and A14 (M11) Cambridge. This makes a total of four consented forecourt sites and the current agreement with Shell is to build at three of these locations.

Commissioning of the HRS at Cobham is now underway following delivery of the electrolyser and buffer tank to the site earlier this week. The HRS will open to the public in early 2017.

Jane Lindsay-Green, Shell UK Retail Future Fuels Manager, said: "We are pleased that Shell Beaconsfield received planning permission and are excited about the addition of hydrogen to the Shell UK network. It is another example of Shell's commitment to providing low carbon fuels for the future and we hope will provide further encouragement to other stakeholders to support and invest in hydrogen. Shell's experience from partnerships in Germany and the US shows vehicle manufacturers, fuel suppliers and governments need to work together for hydrogen mobility to succeed."

Dr Graham Cooley, CEO of ITM Power, commented: "We are delighted to have achieved planning consent for the three refuelling stations that we are deploying jointly with Shell and look forward to updating the market on further developments in this exciting collaboration."

Andrew Long, CEO of Extra MSA Group, said: "Extra is pleased to be working closely with Shell on its alternative fuel strategy in conjunction with ITM Power and is proud to be helping to facilitate the provision of new HRS facilities on the Motorway Network at its strategic MSA locations."

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

 
ITM Power plc 
 Graham Cooley, CEO                         [phone] 
Zeus Capital 
 Andrew Jones / Dan Bate / Hugh Kingsmill 
 Moore                                      [phone] 
Tavistock 
 Simon Hudson / James Collins               [phone] 
 

About ITM Power plc:

ITM Power manufactures integrated hydrogen energy solutions which are rapid response and high pressure that meet the requirements for grid balancing and energy storage services, and for the production of clean fuel for transport, renewable heat and chemicals. ITM Power plc was admitted to the AIM market of the London Stock Exchange in 2004. The Company received GBP4.9m as a strategic investment from JCB in March 2015. The Company signed a forecourt siting agreement with Shell in September 2015. The Group currently has GBP17.77m of projects under contract and a further GBP2.43m of contracts in the final stages of negotiation, totaling GBP20.2m, subject to exchange rate variation. ITM Power is a founder member of the Social Stock Exchange. www.itm-power.com

About OLEV

The HRS Infrastructure Grants Scheme was launched on the 2nd February 2015 by the Office for Low Emission Vehicles (OLEV) to support roll out of hydrogen infrastructure networks in the UK with the specific aim of encouraging the introduction of Hydrogen Fuel Cell Electric Vehicles (FCEVs). The HRS Infrastructure Grants Scheme will provided grant funding for selected infrastructure projects seeding development of hydrogen for road transport in the UK.

About FCH JU

The Fuel Cells and Hydrogen Joint Undertaking (FCH JU) is a unique public private partnership supporting research, technological development and demonstration activities in fuel cell and hydrogen energy technologies in Europe. Its aim is to accelerate the market introduction of these technologies, realising their potential as an instrument in achieving a carbon-lean energy system. The three members of the FCH JU are the European Commission, fuel cell and hydrogen industries represented by the NEW Industry Grouping and the research community represented by Research Grouping N.ERGHY.

About HyFIVE

Hydrogen For Innovative Vehicles (HyFIVE) is an ambitious European project including 15 partners who will deploy 185 fuel cell electric vehicles (FCEVs) from BMW, Daimler, Honda, Hyundai and Toyota. To serve these vehicles, the project will create clusters of refuelling station networks in three parts of Europe, where six new stations (Danish Hydrogen Fuel, ITM Power and OMV) will be deployed linking them with 12 existing stations. www.hyfive.eu

About H2ME

H2ME is the largest European project of this nature and is based around an alliance of the four most ambitious hydrogen mobility initiatives in Europe: H2 MOBILITY Deutschland, Mobilité Hydrogène France, Scandinavian Hydrogen Highway Partnership and UK H2 Mobility. These initiatives originally brought together the key stakeholders in the hydrogen sector (vehicle manufacturers, hydrogen refuelling station providers and Government representatives), to study and develop strategies to make hydrogen-fuelled transport a reality in the respective regions. These initiatives will now be working together to make hydrogen-fuelled transport a reality in Europe. Under H2ME they will deploy 200 FCEVs, 125 fuel cell range-extended electric (FC RE-EVs) commercial vans and 29 new HRSs in 10 countries (Austria, Belgium, Denmark, France, Germany, Iceland, Netherlands, Norway, Sweden and the UK) by 2019. This plan ties in with existing national level initiatives for the roll-out of a large scale hydrogen refuelling infrastructure, aimed at enabling Europe wide emission-free driving. www.h2me.eu

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The company news service from the London Stock Exchange

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November 18, 2016 02:01 ET (07:01 GMT)