RCS - Proton Motor Power - Customer system integration and MoU

Proton Motor Power SystemsAnnouncement

21/02/2023 07:00

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RNS Number : 4996Q  Proton Motor Power Systems PLC  21 February 2023

REACH

 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

 

Customer system integration and MoU

 

Proton Motor (AIM: PPS), the designer, developer and producer of fuel cells
and fuel cell electric hybrid systems with a zero-carbon footprint, is pleased
to provide an update on the deployment of the Company's fuel cell systems by a
customer.

 

On 6 September 2022, the Company announced that it had delivered three of its
emission-free HyFrame® S36 systems to WILO SE ("Wilo") for use in Wilo's
H₂Powerplant, located at its headquarters "Wilopark" in the south of
Dortmund. The Company has now been informed that the HyFrame® S36 systems
have been integrated into the H₂Powerplant.

 

H₂Powerplant is an innovative hydrogen plant that enables the production of
green energy from renewable resources. This supports a transition to
sustainable energy for industrial companies in the context of the Paris
climate protection goals and to achieve energy self-sufficiency.

 

Following the successful delivery and integration of the three HyFrame® S36
systems, Proton Motor and Wilo have entered into a Memorandum of Understanding
("MoU") to cooperate on decentralised and decarbonised energy supply. The MoU
provides for the definition of topics and tasks in climate-neutral
infrastructure projects for the production and use of green hydrogen, with
Wilo acting as a general contractor. Proton Motor expects to derive synergies
from Wilo's extensive distribution network and contacts. The MoU also
envisages the identification of eco-friendly product applications
complementing the respective existing or future brand portfolios.

 

As an exhibit for the upcoming ISH 2023 trade fair in Frankfurt, taking place
in March, Wilo has ordered another HyFrame® S36 system from Proton Motor. ISH
2023 is the leading trade fair for heating, ventilation, air-conditioning and
water.

 

The demand for the Company's quality fuel cell systems - the S21, S28, S36 and
S43 ranging from 21 kW to 43 kW - remains strong. In addition, the Company is
identifying new use cases for the systems. For example, in 2021 three
HyFrame® S36 systems were arranged in a mobile containerised power plant,
HyShelter® 240 for Shell and, in 2022, the emergency power supply for the
Swiss road tunnel Neuenhof Tunnel, in the canton of Aargau, was secured by a
HyFrame® S28 unit.

 

 

 

For further information:

 

 Proton Motor Power Systems Plc
 Dr Faiz Nahab, CEO
 Helmut Gierse, Chairman
 Roman Kotlarzewski, CFO                                                         +49 (0) 173 189 0923
 Antonio Bossi, Non-Executive Director
 Investor relations:                                                             www.protonpowersystems.com
 investor-relations@proton-motor.de (mailto:investor-relations@proton-motor.de)

 Allenby Capital Limited
 Nominated Adviser & Broker                                                      +44 (0) 20 3328 5656
 James Reeve / Vivek Bhardwaj

 

 

 

About Proton Motor Fuel Cell GmbH

 

Proton Motor has 25 years of experience in Power Solutions using CleanTech
technologies such as hydrogen fuel cells, fuel cell and hybrid systems with a
zero-carbon footprint. Based in Puchheim near Munich, Proton Motor offers
complete fuel cell and hybrid systems from a single source - from the
development and production through the implementation of customized solutions.
The focus of Proton Motor is on back-to-base, for example, for mobile, marine
and stationary solutions applications.  The product portfolio consists of
base-fuel cell systems, standard complete systems, as well as customized
systems.

 

Proton Motor serves IT, Telecoms, public infrastructure and healthcare
customers in Germany, Europe and Middle East with power supply solutions for
DC and AC power demand.

 

Proton Motor Fuel Cell GmbH is a wholly owned subsidiary of Proton Motor Power
Systems plc. The Company has been quoted on the AIM market of the London Stock
Exchange since October 2006 (code: PPS).

 

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