ITMDirector's Posts

Sunday, 24 April 2016, 6 p.m. The Opening Ceremony HANNOVER MESSE will take place on Sunday, 24 April 2016 at 6 p.m. at the Hannover Congress Center (HCC). Speakers Stefan Schostok, Lord Mayor of the City of Hannover Presiding over the HERMES AWARD prize-giving ceremony Prof. Dr. Johanna Wanka, Federal Minister of Education and Research Michael Ziesemer, President of the German Electrical and Electronic Manufacturers’ Association H.E. Barack Obama, President of the United States of America Dr. Angela Merkel, Chancellor of the Federal Republic of Germany

ITM. Are 1 of only 4 providers of fuel and filling stations in China. They are also only 1 of 5 in Europe. [link]

HYDROGEN MOBILITY EUROPE LAUNCHED WITH €32M FUNDING 24TH SEPTEMBER 2015 H2ME Project ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to note the press release issued today by the Hydrogen Mobility Europe project (“H2ME”), for which ITM Power is the coordinator for UK activities. The Company’s role in H2ME provides a further demonstration of the Company’s leading position in the developing global hydrogen refuelling markets. The text of the announcement from H2ME is set out below: Hydrogen Mobility Europe The most ambitious hydrogen mobility initiatives in Europe have joined forces to support the introduction of hydrogen-fuelled transport A large coalition of European partners has launched the Hydrogen Mobility Europe project (H2ME). H2ME is co-funded with €32 million from the Fuel Cells and Hydrogen Joint Undertaking (FCH JU). The project will support the deployment of Fuel Cell Electric Vehicles (FCEVs) and Hydrogen Refuelling Stations (HRS) across Europe. 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. The consortium, led by Element Energy, includes global leaders in the hydrogen and fuel cell sector, from fuel cells and car manufacturers (Daimler, SymbioFCell, Hyundai, Honda, Intelligent Energy, Nissan) and infrastructure providers (Air Liquide, BOC, H2Logic, ITM Power, Linde, McPhy, OMV, AREVA, EIFER, H2 MOBILITY Deutschland, HYOP, Icelandic New Energy, Communauté d’Agglomération Sarreguemines Confluences) to data monitoring and dissemination organisations (Cenex, WaterstofNet). The original agreements for the project were signed in July this year and the project has already delivered the first vehicles to customers in France and Germany (Daimler, SymbioFCell). Bert De Colvenaer, Executive Director of the Fuel Cells and Hydrogen Joint Undertaking stated:” To bring Fuel Cell and Hydrogen technology to the point of market readiness does require Europe wide coordination and financial support for the first movers. The Joint Undertaking is therefore keen and happy to support the implementation of this important project as part of the early Europe wide deployment of Fuel Cell Hydrogen vehicles, thereby showcasing the full potential of this European Public Private Partnership.” Ben Madden, Director at Element Energy and Overall Coordinator said: “We are very pleased to be leading this project which will lead to a significant change in the rate and scale of hydrogen vehicle and refuelling station deployment in Europe. A huge international effort over the past two decades has developed hydrogen vehicle technology to the point where it is technically ready for market introduction. H2ME will allow a widespread demonstration of the readiness of the technology, as well as developing valuable insights about the early customer experience and practical challenges of a widespread roll-out of the technology”. Frank Sreball, Managing Director of the Joint Venture H2 MOBILITY Deutschland and coordinator for the German activities under H2ME said: “The start of this project is a decisive step towards the construction of a dense network of hydrogen stations in Germany. A reliable hydrogen infrastructure is a fundamental requirement for the roll-out of fuel cell electrical vehicles from series production in the next years. With our partners we want to prove that hydrogen energy is an innovative solution for the challenges of sustainable mobility. The large number of hydrogen stations and cars in the project will allow a meaningful analysis and evaluation of operational data. We expect that the findings of this project will help us to overcome the remaining obstacles on the way to market introduction”. Fabio Ferrari, CEO, Symbio FCell and coordinator for the French activities under H2ME commented: “Mobilité Hydrogène France has developed a roll-out strategy with a first phase based on the deployment of fleets of vehicles sharing public and semi-public hydrogen refuelling stations. This simultaneous deployment of fuel cell vehicles and infrastructure will create the basis for a nationwide infrastructure, ready for passenger cars. This strategy is gathering real interest from many customers in a number of French cities, and the first deployments of vehicles and fuelling stations have already begun. In order to scale up and make fuel cell vehicles attractive to all consumers and to passenger car manufacturers, it is essential to invest in refuelling infrastructure coverage across France and across Europe. This is why we believe that a pan-European coordinated plan is absolutely key to the long term success of this promising technology for clean mobility”. Jon Bjorn Skulason, General Manager, Icelandic New Energy Ltd and coordinator for the Scandinavian activities under H2ME said: “Today fuel cell electric vehicles and hydrogen fueling stations are in daily use across the Scandinavian countries. The H2ME project will help to continue the Scandinavian efforts on market introduction – specifically contributing to securing a continuous growth in vehicles and stations.” Dr Rachel Smith, Executive Director, ITM Power plc and coordinator for the UK activities under H2ME commented: “The H2ME project is a fantastic opportunity to develop the refuelling infrastructure in the UK. The project is perfectly timed to coincide with the introduction of fuel cell cars in Europe, enabling evaluation of end-user experiences of hydrogen stations and FCEVs. The UK Consortia, led by ITM Power is delighted to participate in this project and to demystify the role of hydrogen, show the readiness of the stations and vehicles, and to enable the widespread and rapid adoption of clean emission transport.” For further information, visit www.h2me.eu or contact [email protected]

AGREEMENT WITH SYMBIO FCELL AND ARCOLA ENERGY 1ST OCTOBER 2015 symbio van ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has signed an agreement with Symbio FCell and Arcola Energy to provide an integrated package of zero emission commercial vehicles, on-site fuel and after-sales support for UK commercial fleet operators. The agreement is to work together to provide fleet customers with the assurance of a one-stop complete solution including preparation, insurance, site approvals, vehicle registration and staff training. Symbio FCell, a leading designer and manufacturer of Fuel Cell Systems and Range Extenders, has deployed the largest number of fuel cell Range Extender Electric Vehicles (REEV) in Europe with customers such as La Poste, Air Liquide and Schneider Electric. The Renault Kangoo ZE-H2 electric van with fuel cell range extender from Symbio FCell is now in series production and offers a range of over 200 miles, more than double the range of the electric-only van. With a hydrogen refuelling time of less than three minutes, but the ability to plug-in whenever possible, the vehicle provides the best of both worlds for fleet managers and drivers. A similar vehicle, adapted to the Renault Trucks Maxity 4.5 T electric light duty truck is being tested at La Poste and will be commercially available in 2016. ITM Power has recently launched a wind to hydrogen refueller near the M1 in Rotherham and announced a strategic partnership with Shell to place three refuellers on forecourts in the UK. Currently, ITM Power is building a total of five refuelling stations in London. The HFuel product is well suited to fleets of fuel cell vehicles and has demonstrated the principle of refuelling return-to-base fleets in the past. This experience has shown that support from an OEM and the quality of after-sales support for the vehicles is key to fleet customers. Arcola Energy is an engineering services business offering hydrogen and fuel cell vehicle and fleet services. In partnership with Symbio FCell, Arcola Energy offers full technical support and maintenance for the vans and assurance to fleet managers of high reliability and availability. To help fleets realise the benefits and to ensure that drivers are confident working with these cutting-edge technologies, Arcola Energy also provides engaging, hands-on training and education services, as well as supporting wider public communications for local authorities and companies wishing to highlight the benefits of hydrogen powered fleets. About the Renault Kangoo ZE-H2 by Symbio FCell • The fuel cell range extender is integrated in the Renault-TECH factory without any structural modification to the vehicle and with full OEM end-of-line quality control. • In the UK the vans are fully VCA approved and have National Small Series Type Approval (NSSTA). • As a modified version of the standard Kangoo ZE, the vans are fully supported by Renault dealerships. An EU-wide support hotline is provided to customers. • The fuel cell produces electricity, heat and water. Electricity produced by the fuel cell is used to charge the battery / drive the motor; the heat produced is captured and used to warm the vehicle cabin in winter. • With the range extender kit, battery lifetime is also extended because the increased driving range reduces the frequency of deep battery discharge that degrades the battery. • The range extender kit can be dismounted and re-mounted in a new vehicle if required. • The 74-litre hydrogen tank has a 15-year service lifetime and a driving range of approximately 360km per full tank, equivalent to 0.5 kg H2 per 100 km. NOTE that this is real driving range. Figures from a key customer are 344.9 km per tank in urban/peri-urban usage with 300 kg payload. • The refuelling time is less than three minutes. Graham Cooley, CEO of ITM Power commented; “We are delighted to be working again on the return-to-base fleet refuelling model with commercial vehicles that are backed by an OEM and have a full after-sales support package. We look forward to selling refuelling stations into this important emerging market with Symbio FCell and Arcola Energy as our partners”. Ben Todd, Managing Director at Arcola Energy commented; “The Symbio FCell zero emission vans combined with ITM Power’s clean hydrogen production means truly low carbon and non-polluting fleets are now possible for UK cities. With rapid changes in environmental regulation in urban centres and emerging uncertainties in the claims made for conventional vehicles, fuel cell electric vehicles are becoming increasing popular, especially with organisations with large urban fleets and central refuelling and maintenance depots.” Fabio Ferrari, CEO of Symbio FCell, commented; “In order to develop our core business in the design and production of Fuel Cell Systems, we are continuously expanding our team of collaborators, who represent the best-in-class in each area of the fuel cell system. Working with ITM Power and Arcola Energy will allow us to expand deployment of our fleet-ready Renault Kangoo hydrogen fuel cell hybrid vans in the UK.”

TM Power (AIM: ITM) the energy storage and clean fuel company is pleased to announce that it has signed an agreement with Ove Arup & Partners Ltd (Arup) for siting and business development of both hydrogen refuelling stations and hydrogen energy systems. Arup is a world leading firm of designers, planners, engineers, consultants and technical specialists working across the built environment. Arup has access to many early stage construction schemes involving energy systems. The collaboration will identify opportunities for the deployment of hydrogen refuelling stations and energy storage systems using ITM Power’s energy storage and refuelling technologies. Dr Graham Cooley, CEO, ITM Power Plc, commented “ITM Power are pleased to announce this agreement with Arup. This is an excellent opportunity to identify new sites for hydrogen refuelling stations and other energy related projects.” Alan Thomson, Director, Global Leader Energy Systems, Arup, commented “Arup is delighted to be working with ITM Power to identify deployment opportunities for this exciting world class technology. Arup has a world leading energy team and adding hydrogen technology to our portfolio will open up exciting new business.”

Just for clarity. I am not a director at ITM, I picked the name because of ITM's director talk messages nothing more. Honest gov.

ITM_Power_Align_Research_FINAL.pdf. "Given the current valuation we believe that ITM Power shares offer a potentially good risk/reward opportunity and that at the current price the company may even stand out as a takeover target for a larger player in the industry. "

Financial times. As of Apr 15, 2016, the investment analyst covering ITM Power plc advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts improved on Jun 16, 2012. The previous consensus forecast advised investors to hold their position in ITM Power plc

Industry news Posted / Last update: 14-04-2016 | Author: PetrolPlaza Correspondent Daniel Infante Tuaño A network of fuelling stations with on-site hydrogen production is soon to be available in the United Kingdom, following a partnership between UK’s largest supplier of industrial gases BOC and energy storage and clean fuel company ITM Power, reported the FleetWorld. Source: ITM Power website See also: UK: First zero-emissions hydrogen filling station opens Air Liquide-Toyota hydrogen fuel station sites announced BOC signed an agreement with ITM to provide infrastructure, including hydrogen compressors and dispensers, for ITM Power’s new electrolyser-based hydrogen refuelling stations for passenger cars. BOC is a key player in the development of the hydrogen transport fuel market in the UK. It operates the hydrogen station at Honda’s headquarters in Swindon and another in Aberdeen, which fuels Europe’s largest fleet of hydrogen fuel cell buses. “The success of BOC’s refuelling station in Aberdeen will ensure that together with ITM Power we are able to make hydrogen a reliable and accessible clean fuel for future mobility,” said Dr. Hamish Nichol, Innovation Manager for Hydrogen, BOC. ITM Power, on the other hand, operates a station in Rotherham and plans to deploy eight more across London, most of which will be opened this year, according to a company release. “We are delighted to be working with BOC who have a significant leading role in the UK delivering onsite solutions for industrial and fuel gases. Onsite integrated hydrogen refuelling solutions utilising the leading edge technology of ITM Power and BOC is a world class offering,” said Dr. Graham Cooley, CEO of ITM Power. ITM Power also has an outstanding agreement with auto manufacturer Toyota to supply Toyota Mirai fuel cell vehicles with hydrogen for three years.

#ITM lots of articles the last 24 hours on Directors talk.