REG - Proton Motor Power - Launch of large power generation pack

Proton Motor Power SystemsAnnouncement

22/08/2022 07:00

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RNS Number : 6698W  Proton Motor Power Systems PLC  22 August 2022

22 August 2022

 

Proton Motor Power Systems plc

("Proton" or the "Company")

 

Launch of large power generation pack

 

Proton Motor Power Systems plc (AIM: PPS), the designer, developer and
producer of fuel cells and fuel cell electric hybrid systems with a
zero-carbon footprint, is proud to announce the launch of a large power
generation pack, based on its PM module producing 90 kW of gross power (the
"90 kW Module").

 

The pack is based on the new generation of the Company's existing PM400 stack
modules. The 90 kW Module will be installed in a cabinet with a volume of 452
litres (0.2 kW per litre) and include a complete balance of plant and power
electronics. It is anticipated that multiples of these systems will be capable
of being used for the following applications:

 

·    180 kW of gross power from two 90kW Modules to power standby
generators and large trucks

·    320 kW from four 90 kW Modules in a cabin ("Cabin") for use in power
generation, rail and maritime applications

·    1.2 MW with four connected Cabins, for maritime, power generation and
grid peak power shaving

·    Four clusters of 1.2 MW each could be linked to supply increased
power demand. The Directors believe that this capacity of between 1.2 MW and 5
MW would be capable of being deployed in power generation, grid peak power
shaving, maritime and many more applications.

 

Following successful development and testing stages, Proton is pleased to
announce that the new large power packs are now available for customer order
and manufacturing.

 

The Company has been scaling its manufacturing capabilities in preparation for
mass production of its fuel cells, including an increase in staff to 120
across all levels of the business over the last 18 months.

 

Dr. Nahab, CEO of Proton, commented:

"We have been serialising our products for mass production, we increased our
personnel by 60% over the last 18 months, with more new developments on the
way, we aim to eliminate diesel engines by replacing them with Hydrogen fuel
cell engines."

 

 

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

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

 

About Proton Motor Fuel Cell GmbH

Proton Motor has more than 20 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. In addition to power supply, SPower also offers
solutions for Solar Systems as well as a new product line for Solar Energy
Storage.

 

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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