Proton Power Systems PLC Order for the Orkneys "Surf and Turf" project (9336Y)

TIDMPPS

RNS Number : 9336Y

Proton Power Systems PLC

23 May 2016

 
 
          23 May 2016 
 

Proton Power Systems plc

("Proton" or the "Company")

Order for 75kVA Containerized Fuel Cell Stationary Power System for the Orkney Islands "Surf and Turf" project

Proton Power Systems plc (AIM: PPS), a clean tech total power solution provider and designer, developer and producer of fuel cells and fuel cell electric hybrid systems, is proud to announce, that it has received an order for a 75kVA containerized fuel cell stationary power system for the Orkney Islands "Surf and Turf" project.

The 'Surf and Turf' project involves generating hydrogen from wind and tidal energy and using it as the energy storage medium. The hydrogen is used to provide electricity for the Orkney Islands harbour. The wind and seas around the Orkney Islands provide an abundance of renewable energy resources. Through concerted efforts, communities like Orkney Islands are now starting to see the benefits of ownership of renewable power generation capacity. This project will see the Orkney Islands take a small, but important, step towards rising to the challenge of managing the limits of its energy infrastructure. This project will help unlock the constraints imposed by 20th century power cables and a is great demonstration of how our technology can help overcome the shortcomings of the local electricity grid.

Proton will provide a 75kVA containerized fuel cell stationary power system for a total contract value of more than EUR0.5 million to be delivered in 2016.

Faiz Francoise Nahab Ph.D., CEO of Proton, said: "This is a very important order for us. The fuel cell system is based on our 25kVA system, which is operated in a modular mode. The container has all necessary components to be connected to the local grid. Proton is responsible for the turn key delivery of the container. We hope to see more applications in this market sector and more islands like the Orkney Islands taking a proactive role. Proton expects a fast growing demand worldwide for this type of applications. Storing wind and solar energy is a big challenge and we have the right solution to use such green energy in stationary or mobile applications".

- Ends -

For further information:

 
 Proton Power Systems plc 
 Dr Faiz Nahab, CEO 
 Achim Loecher, FD                     Tel: +49 (0) 89 
  Ian Peden, Chairman                      127 626 550 
                                      Tel: +49 (0) 162 
                                              101 6470 
                            www.protonpowersystems.com 
 
 
 Stockdale Securities Limited 
  Nominated adviser and broker               Tel: +44 (0) 20 
                                                   7601 6100 
 Antonio Bossi / David Coaten    www.stockdalesecurities.com 
 
 

About Proton Motor

Proton Motor is an expert in industrial fuel cells, fuel cell and hybrid systems with more than 21 years of experience in this sector. Based in Puchheim near Munich, Proton Motor offers complete fuel cell and hybrid systems from a single source - from the development and production through the implementation of customized solutions. The focus of Proton Motor is on mobile, marine and stationary solutions and applications. The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customized systems.

Proton Motor serves IT, Telecoms, public infrastructure and healthcare customers in Germany, Europe and Middle East with power supply solutions for DC and AC power demand. In addition to power supply, SPower also offers solutions for Solar Systems as well as a new product line for Solar Energy Storage. With the SPower expertise, Proton Motor can offer complete power supply solutions with fuel cell and all electrical components.

Proton Motor Fuel Cells GmbH is wholly owned subsidiary of Proton Power Systems plc. The Company has been listed on the London Stock Exchange since October 2006 (code: PPS).

This information is provided by RNS

The company news service from the London Stock Exchange

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May 23, 2016 02:00 ET (06:00 GMT)