ITM Power in new hydrogen fuel project

ITM Power, the Sheffield-based firm which makes systems to store energy in the form of hydrogen, is participating in a new project created to ensure the UK is well positioned for the commercial roll-out of hydrogen fuel cell electric vehicles.

The new programme, known as UKH2Mobility, brings together three government departments and industrial participants from the utility, gas, infrastructure and global car manufacturing sectors.

The group will evaluate the potential for hydrogen as a fuel for ultra low carbon vehicles in the UK before developing an action plan for an anticipated roll-out to consumers in 2014/15.

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The project aims to analyse the specific UK case for the introduction of hydrogen fuel cell electric vehicles as one of a number of solutions to decarbonise road transport and quantify the potential emissions benefits.

It will also review the investments required to commercialise the technology, including refuelling infrastructure and identify what is required to make the UK a leading global player in hydrogen fuel cell electric vehicle manufacturing.

ITM's share price rose 5.19% to 40.5p by 11:27am.

NR