REG - ITM Power PLC - Roadmap for strategic collaboration with Gore

ITM PowerAnnouncement

26/07/2023 07:00

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RNS Number : 2354H  ITM Power PLC  26 July 2023

26 July 2023

 

ITM Power PLC

 

ITM Power announces roadmap for strategic collaboration with Gore

 

ITM and W. L. Gore & Associates intend to collaborate to further deepen
their understanding of proton exchange membrane water electrolysis ("PEMWE")
performance over lifetime, durability mechanisms and reliability.

The collaboration will enable fast paced progress, and shall further enhance
stack performance, durability and reliability as part of ITM's technology
development programme, leveraging each company's expertise and capabilities in
science and technology, including ITM's world-class electrolyser testing
facilities.

The proton exchange membrane is at the heart of the electrolyser stack,
serving as an ion permeable barrier within each cell, which separates hydrogen
and oxygen, and transports protons from the anode to the cathode. The
capability of the membrane, together with its interactions with other cell and
stack components during assembly and operation, make the membrane one of the
most important determinants of stack performance and longevity.

The two companies are both leaders in their fields with R&D underpinning
their foundations and a reputation for pioneering innovation.

Dennis Schulz, CEO ITM Power, said: "We are delighted to elevate our
collaboration with Gore to the next level. Their understanding of membranes
and their product quality and reliability are market-leading, and by forging
ahead with this alliance, we are further cementing our technology leadership
whilst at the same time ensuring that a key part of our supply chain is
future-proof as we scale up."

Laura Keough, Global Business Leader for Gore's Electrolysis & Energy
Storage division, said: "We are proud and excited about this collaboration
that is of strategic importance and will benefit the entire green hydrogen
ecosystem. As a leading PEM supplier, Gore looks forward to leveraging our 25
years' industry experience alongside ITM's stack technology expertise. Our
collective technical and product capabilities will generate significant
R&D insights and advance our knowledge of lifetime electrolyser
performance, demonstrating PEM water electrolysis as the key to our collective
net-zero ambitions."

For further information please visit www.itm-power.com
(http://www.itm-power.com/)  or contact:

 

 

 ITM Power PLC
 Justin Scarborough, Head of Investor Relations    +44 (0)114 551 1080

 James Collins, Head of Corporate Affairs          +44 (0)114 551 1205

 Investec Bank plc (Nominated Adviser and Broker)  +44 (0)20 7597 5970
 James Rudd / Chris Sim / Ben Griffiths

About ITM Power PLC:

ITM Power was founded in 2000 and ITM Power PLC was admitted to the AIM market
of the London

Stock Exchange in 2004. Headquartered in Sheffield, England, ITM Power designs
and manufactures

electrolysers based on proton exchange membrane (PEM) technology to produce
green hydrogen, the only net zero energy gas, using renewable electricity and
water.

 

About Gore

W. L. Gore & Associates (Gore) is a global materials science company
dedicated to transforming industries and improving lives. Since 1958, Gore has
solved complex technical challenges in demanding environments - from outer
space to the world's highest peaks to the inner workings of the human body.
With more than 12,000 Associates and a strong, team-oriented culture, Gore
generates annual revenues of $4.5 billion.

gore.com (http://www.gore.com)

 

 

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