ITM Power PLC Sale of 1.4MW Electrolyser to Sumitomo (6280S)
2021年3月18日 - 4:00PM
RNSを含む英国規制内ニュース (英語)
TIDMITM
RNS Number : 6280S
ITM Power PLC
18 March 2021
18 March 2021
ITM Power plc
("ITM Power" or "the Company")
Sale of 1.4MW Electrolyser to Sumitomo Corporation
First MW scale electrolyser system ITM Power will deploy in
Japan
ITM Power (AIM: ITM), the energy storage and clean fuel company,
is pleased to announce the sale of a 1.4MW electrolyser to Sumitomo
Corporation ("Sumitomo"). The deployment will be used as an
important reference plant for further sales in Japan through our
partnership with Sumitomo.
This will be the first MW scale electrolyser system ITM Power
has deployed in Japan. The HGas2SP product will undergo
modification to ensure hydrogen supply pressure is below 10 bar in
order to comply with Japan's High Pressure Gas Safety Act. ITM
Power and Sumitomo are continuing their collaboration in the areas
of business development, local compliance and after sale support to
ensure a comprehensive green hydrogen offering in Japan.
Mr Hajime Mori, GM Energy Division of Sumitomo Corporation,
said: "This is a significant step forward for the Japanese
electrolyser market. Sumitomo is participating in several green
hydrogen projects in Japan and ITM Power's technology will
contribute in scaling up and cost down of these projects in near
future."
Dr Graham Cooley, CEO of ITM Power, said: "I am delighted to be
able to report tangible progress in Japan. Our partner Sumitomo
continues to bring opportunities to ITM Power for evaluation and we
are both working to identify synergies within the wider Sumitomo
Corporation. This project is an important reference deployment and
we look forward to the execution phase of the project and further
progress in the important Japanese market."
For further information please visit www.itm-power.com or
contact:
ITM Power plc +44 (0)114 551 1205
James Collins, Head of IR
Investec Bank plc (Nominated Adviser
and Broker) +44 (0)20 7597 5970
Jeremy Ellis / Chris Sim / Ben Griffiths
Tavistock (Financial PR) +44 (0)20 7920 3150
Simon Hudson / Edward Lee / Tim Pearson
About ITM Power plc:
ITM Power plc manufactures integrated hydrogen energy solutions
for grid balancing, energy storage and the production of renewable
hydrogen for transport, renewable heat and chemicals. ITM Power plc
was admitted to the AIM market of the London Stock Exchange in
2004. In October 2020 ITM announced a successful fundraise and a
strategic investment from Snam S.p.A., a major Italian energy
infrastructure company, totalling GBP172m. In October 2019, the
Company announced the completion of a GBP58.8 million fundraise,
including a subscription by Linde of GBP38 million, together with
the formation of a joint-venture with Linde to focus on delivering
renewable hydrogen to large scale industrial projects worldwide.
ITM Power signed a forecourt siting agreement with Shell for
hydrogen refuelling stations in September 2015, (which was extended
in May 2019 to include buses, trucks, trains and ships) and in
January 2018 a deal to deploy a 10MW electrolyser at Shell's
Rhineland refinery. ITM Power announced the lease of the world's
largest electrolyser factory in Sheffield with a capacity of 1GW
(1,000MW) per annum in July 2019. Customers and partners include
Sumitomo, Ørsted, National Grid, Cadent, Northern Gas Networks,
Gasunie, RWE, Engie, BOC Linde, Toyota, Honda, Hyundai and Anglo
American among others.
About Sumitomo Corporation
Sumitomo Corporation is a leading Fortune 500 global trading and
business investment company with 132 locations (Japan: 22,
Overseas: 110) in 66 countries and regions. The entire Sumitomo
Corporation Group consists of more than 900 companies. Sumitomo
Corporation conducts commodity transactions in all industries
utilising worldwide networks, provides customers with financing,
serves as an organizer and a coordinator for various projects, and
invests in companies to promote greater growth potential. SC's core
business areas include Metal Products, Transportation and
Construction Systems, Infrastructure, Media and Digital, Living
Related and Real Estate, Mineral Resources, Energy, and Chemical
and Electronics.
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