REG - Proton Motor Power - New order from Shell Renewables & Energy Solutions

Proton Motor Power SystemsAnnouncement

05/05/2023 07:00

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RNS Number : 5015Y  Proton Motor Power Systems PLC  05 May 2023

05 May 2023

 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

 

New order from Shell Renewables & Energy Solutions

 

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 pleased to announce that it has received an order
from Shell Deutschland Oil GmbH, a subsidiary of the international energy
group ("Shell"), for two "HyShelter® 240" containerised hydrogen fuel cell
hybrid systems. Proton Motor's innovative technology is fully reflected in the
HyShelter and the rest of the Hy-brand portfolio of solutions for
infrastructural applications.

 

The hydrogen-based power plant "HyShelter®" is suitable for a very wide range
of applications.  Typical use cases are off grid installations to ensure a
safe and clean energy supply where there is no or insufficient infrastructure.
It can either be a permanently installed or in a transportable design. Another
important application is the "Emergency Power Supply market", where the
"HyShelter®" is capable of replacing large battery banks or Diesel Gensets
with a clean energy source. Examples include data centres, process industry,
municipal utilities, hospitals and other critical facilities.

 

In 2021, the Company successfully delivered the first fuel cell power plant of
this type to Shell. The energy supply is provided by Proton Motor's
containerised "HyShelter® 240" on a trailer transport platform. The core
components of the power plant are three Proton Motor "HyFrame®" fuel cell
systems. They can be operated individually or together, allowing a wide power
range to be covered from 6 kW up to 240 kW peak, when used in combination with
a battery energy storage system.

 

The Company expects to deliver the new system to Shell in 2024 with the
majority of the revenue being recorded in that year.

 

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, NED
 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 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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