TIDMITM
RNS Number : 0576E
ITM Power PLC
02 July 2021
2 July 2021
ITM Power plc
("ITM", "ITM Power", the "Group" or the "Company")
Shell Starts Up Europe's Largest PEM Green Hydrogen
Electrolyser
Update on Refhyne II
ITM Power (AIM: ITM), the energy storage and clean fuel company,
is pleased to note the announcement by Shell today concerning the
start-up of the 10 MW Refhyne I project and an update on the
planned expansion to 100MW for Refhyne II. The full text of the
announcement is set out below.
Shell starts up Europe's largest PEM green hydrogen
electrolyser
The project, backed by a European consortium, will accelerate
hydrogen production and contribute to Europe's goal to achieve
climate neutrality
Wesseling, Germany - Europe's largest PEM hydrogen
electrolyser*, today began operations at Shell's Energy and
Chemicals Park Rheinland, producing green hydrogen.
As part of the Refhyne European consortium and with European
Commission funding through the Fuel Cells and Hydrogen Joint
Undertaking (FCH JU), the fully operational plant is the first to
use this technology at such a large scale in a refinery.
Plans are under way to expand capacity of the electrolyser from
10 megawatts to 100 megawatts at the Rheinland site, near Cologne,
where Shell also intends to produce sustainable aviation fuel (SAF)
using renewable power and biomass in the future. A plant for
liquefied renewable natural gas (bio-LNG) is also in
development.
"This project demonstrates a new kind of energy future and a
model of lower-carbon energy production that can be replicated
worldwide," Shell's Downstream Director, Huibert Vigeveno, said at
today's official opening ceremony.
"Shell wants to become a leading supplier of green hydrogen for
industrial and transport customers in Germany," he added. "We will
be involved in the whole process - from power generation, using
offshore wind, to hydrogen production and distribution across
sectors. We want to be the partner of choice for our customers as
we help them decarbonise."
Shell has a target to become a net-zero-emissions energy
business by 2050, in step with society. As part of its Powering
Progress strategy, Shell plans to transform its refinery footprint
to five core energy and chemicals parks. This means Shell will
reduce the production of traditional fuels by 55% by 2030.
The Rheinland electrolyser will use renewable electricity to
produce up to 1,300 tonnes of green hydrogen a year. This will
initially be used to produce fuels with lower carbon intensity. The
green hydrogen will also be used to help decarbonise other
industries.
The European consortium backing the project consists of Shell,
ITM Power, research organisation SINTEF, consultants Sphera and
Element Energy. The electrolyser was manufactured by ITM power in
Sheffield, UK, and includes parts made in Italy, Sweden, Spain and
Germany.
Armin Laschet, North Rhine-Westphalia's Minister-President,
said: "We are a hydrogen region. With the commissioning of the
largest PEM electrolysis plant in Europe, we are further expanding
our leading role in this field. We are therefore laying the
foundation for a modern and green industry, with highly skilled
jobs. Today, 30% of German demand for hydrogen already comes from
North Rhine-Westphalia's industry. Estimates predict that demand
will double by 2030. This is why we need innovative solutions that
will meet the demand for CO2-neutral hydrogen. Projects such as
Refhyne demonstrate how innovation can benefit both the environment
and the economy."
Bart Biebuyck, Executive Director of FCH JU, said: "In order to
achieve climate neutrality by 2050, we need to fundamentally
reshape our energy system. Clean hydrogen will play a key role in
e-mobility and in industry, as it has great potential for
decarbonising sectors where direct use of renewable energy is not
possible. Accordingly, we want to accelerate the market launch of
fuel cells and hydrogen technology and tap into their advantages in
Europe."
Dr Graham Cooley, CEO of ITM Power, said: "We'd like to
congratulate our partners on the successful start-up of Europe's
largest green hydrogen production plant. We all recognise that this
is just the beginning of the journey to net zero. The next step,
Refhyne II, is even bigger and would take us into the hundreds of
megawatts for the first time, on our way to gigawatts deployments.
The vision and commitment of Shell, North Rhine-Westphalia and the
FCH JU show what can be achieved to deliver the world's commitments
on climate change."
Alexandra Bech Gjørv, president and CEO of SINTEF said: "This is
a big step towards a carbon-free future. SINTEF has been heavily
involved in European electrolysis research for more than a decade,
from fundamental development of materials and components to pilot
projects. We are happy to see large-scale implementation as here in
Refhyne. The green transition was something we talked about, now it
is what we do. The transformation to the low-emission society is
happening now and it is scaling up."
Notes to editors :
-- The Refhyne project is at the forefront of the effort to
produce green hydrogen in Europe. Hydrogen will play a key role in
the European Green Deal's climate targets by helping to decarbonise
harder-toabate sectors such as transport and industry. The European
Commission released a landmark Hydrogen Strategy in 2020.
-- Shell is also planning to produce sustainable and synthetic
aviation fuel using renewable power and biogenic sources. The 100
MW electrolyser (Refhyne II) and SAF projects are at an advanced
planning stage, with final investment decisions still pending. The
consortium for Refhyne II has been invited to prepare the
associated grant agreement with CINEA(1) .
-- Shell's energy and chemicals parks will be highly integrated
with chemicals sites to make them even more efficient in producing
low-carbon and synthetic fuels, as well as high-value products such
as bitumen, lubricants and chemicals.
-- Shell Germany announced plans last year to reduce or
compensate carbon emissions by more than a third within a decade -
this includes its own emissions and its customers' greenhouse gas
emissions when they use the products it sells. This corresponds to
30 million tonnes per year, or about a tenth of the government's
CO2 reduction target for Germany by 2030.
-- *Polymer electrolyte membrane (PEM) electrolysers are more
compact than a conventional alkaline electrolysers. They are suited
to working with renewable energy sources because they can operate
dynamically using varying loads of electricity. This allows PEM
electrolysers to operate when wind and solar energy generation are
cheapest.
(1) The invitation to the grant agreement preparation should not
be regarded under any circumstances as a formal commitment by CINEA
to provide financial support, as this depends on the satisfactory
and timely conclusion of grant agreement preparation.
For further information please visit www.itm-power.com or
contact:
ITM Power plc +44 (0)114 551 1205
James Collins, Investor Relations
Investec Bank plc (Nominated Adviser
and Broker) +44 (0)20 7597 5970
Jeremy Ellis / Chris Sim / Ben
Griffiths
Tavistock (Financial PR and IR) +44 (0)20 7920 3150
Simon Hudson / David Cracknell
/ Tim Pearson
About ITM Power plc:
ITM Power plc manufactures integrated hydrogen energy solutions
for grid balancing, energy storage and the production of renewable
hydrogen for transport, renewable heat and chemicals. ITM Power plc
was admitted to the AIM market of the London Stock Exchange in
2004. In October 2019, the Company announced the completion of a
GBP58.8 million fundraising, including an investment by Linde of
GBP38 million, together with the formation of a joint venture with
Linde to focus on delivering renewable hydrogen to large-scale
industrial projects worldwide. ITM Power signed a deal to deploy a
10MW electrolyser at Shell's Rhineland refinery. In November 2020,
ITM Power completed a GBP172m fundraising, including a GBP30m
investment by Snam, one of the world's leading energy
infrastructure operators. ITM Power operates from the world's
largest electrolyser factory in Sheffield with a capacity of 1GW
(1,000MW) per annum. ITM Power received an order for the world's
largest PEM electrolyser of 24MW from Linde in January 2021. Other
customers and partners include Sumitomo, Ørsted, Phillips 66,
Scottish Power, Siemens Gamesa, Cadent, Northern Gas Networks,
Gasunie, RWE, Engie, GNVert, National Express, Toyota, Hyundai and
Anglo American among others.
-ends-
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