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ITM Power plc: 1MW sale to ZEAG Energie AG

ITM Power plc: 1MW sale to ZEAG Energie AG


ITM Power, the energy storage and clean fuel company, is pleased to announce the sale of a 1MW electrolyser system with some additional equipment to ZEAG Energie AG (“ZEAG”) by competitive tender. The Company currently has £11.40m of projects under contract and a further £7.28m of contracts in the final stages of negotiation constituting a total pipeline of £18.68m.

ZEAG engages in the production and supply of electric power in Germany. The company generates electricity through wind power, hydropower, photovoltaics, nuclear, fossil, and other fuels. It also supplies natural gas to industrial, commercial, and residential customers in the northeastern district of Heilbronn.

The system will comprise an electrolyser, compressor and apparatus to fill tube trailers. The electrolyser will have a nominal capacity of circa 0.9MW in normal operation with an overrun capability of 1MW. The system will be owned and operated by ZEAG but housed in a specially constructed building located at DLR (Deutsches Zentrum für Luft- und Raumfahrt), the German Aerospace Centre in Lampoldshausen. ITM Power is exploring a small further engineering consultancy contract to assist DLR with extended use of hydrogen facilities.

The system is being supplied with a two year warranty plus a five year maintenance contract. Delivery is planned for the first quarter of 2017.

Dr Graham Cooley, CEO, ITM Power commented: “We are delighted to be working with ZEAG and DLR on this important sale for ITM Power. Germany continues to be an important early adoption market for hydrogen fuel and Power-to-Gas equipment and we look forward to updating the market in the near future on further sales.”

Anand Gupta Editor - EQ Int'l Media Network


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