TIDMITM
ITM Power PLC
07 July 2021
7 July 2021
ITM Power plc
("ITM Power" or "the Company")
Sumitomo and Tokyo Gas Announce Demonstration Project
ITM Power's first operational deployment in Japan to be with
Tokyo Gas
ITM Power (AIM: ITM), the energy storage and clean fuel company,
notes the announcement made today in Tokyo by Sumitomo Corporation
("Sumitomo") and Tokyo Gas Co., Ltd ("Tokyo Gas") concerning the
deployment of a 2.0 MW electrolyser sale to Sumitomo (increased
from 1.4 MW) previously announced on 18 March 2021. The full text
of the Sumitomo and Tokyo Gas announcement is set out below.
Commencing hydrogen demonstration experiment using
megawatt-class water electrolyser
Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; President
and Chief Executive Officer: Masayuki Hyodo) and Tokyo Gas Co.,
Ltd. (Head Office: Minato-ku, Tokyo; Representative Corporate
Executive Officer, President and CEO: Takashi Uchida; hereinafter
"Tokyo Gas") have agreed to conduct a joint hydrogen utilization
demonstration experiment (hereinafter "this demonstration") at the
Tokyo Gas Yokohama Techno Station using a megawatt-class solid
polymer water electrolyser developed by ITM Power Plc
(Headquarters: Sheffield, UK; CEO: Graham Cooley; hereinafter "ITM
Power").
The Government of Japan has set a goal of achieving carbon
neutrality by 2050, and aims to supply more than 420,000 tons of
clean hydrogen*(1) per year. Hydrogen produced by water
electrolysers using electricity derived from renewable sources of
energy is considered to be green hydrogen and a trump card for
carbon-free societies in that no CO2 emissions are produced during
its production process. Furthermore, the upscaling of water
electrolysers is attracting worldwide attention as players aim to
reduce green hydrogen production costs and boost efficiencies.
In this demonstration, we will be verifying the operation of ITM
Power's large water electrolyser. This is the first operational
verification to be carried out in Japan on a foreign-made large
water electrolyser. Sumitomo Corporation plans to deliver a 2.0
MW-class water electrolyser, with its hydrogen discharge pressure
adjusted from the product's standard specification of 2 MPa to less
than 1 MPa to comply with Japanese domestic regulations, to Tokyo
Gas Yokohama Techno Station in June 2022 and start a joint
demonstration of the electrolyser. Tokyo Gas will install the water
electrolyser and operate it under various operating conditions to
understand the performance of the latest-generation water
electrolysers, and to accumulate know-how on the introduction of
large water electrolysers, including on equipment operation and
construction of related facilities. The hydrogen produced will be
used for the research and development of hydrogen utilization at
Tokyo Gas Yokohama Techno Station with the aim of achieving
decarbonization. The results from this demonstration will be shared
by the two companies and utilized for future business
development.
*1 A collective term that refers to green hydrogen, or hydrogen
with a CO(2) emission-free life cycle, and blue hydrogen, or CO(2)
recovered and utilized from manufacturing processes that use fossil
fuels.
Comment from Hajime Mori, Executive Officer, Energy Division
General Manager, Energy Innovation Initiative Director, Sumitomo
Corporation:
"Sumitomo Corporation entered into a strategic partnership with
ITM Power in 2018 and has been working to introduce the company's
solid polymer water electrolyser into the Japanese market. ITM
Power's advanced and cost-competitive electrolysis technology is
set to drive green hydrogen production projects in Japan that use
large electrolysers. At Sumitomo Corporation, we will continue to
accelerate our efforts to build a hydrogen-based society with the
aim of achieving carbon neutrality in 2050 and realizing
sustainable energy cycles."
Comment from Hisataka Yakabe, Executive Officer, General Manager
of Hydrogen & Carbon Management Technology Strategy Department,
Digital Innovation Division, Tokyo Gas:
"At the Tokyo Gas Group, we are strengthening our technological
development for decarbonizing gas-state sources of energy in order
to fulfil our 'Challenge to Achieve Net Zero CO2' that we set forth
in our management vision 'Compass 2030.' Through this
demonstration, we will accumulate operational know-how on large
water electrolysers, accelerate their social implementation in
combination with the development of direct hydrogen utilization and
methanation technologies, and contribute to achieving the
government's goal of 'realizing a carbon-neutral, decarbonized
society by 2050.'"
Comment from Graham Cooley, CEO, ITM Power:
"It is an honour for us to deploy our first electrolyser in
Japan with Tokyo Gas. Together with our partner Sumitomo
Corporation, we are looking forward to demonstrating how PEM
electrolysis can make a major contribution to decarbonising
industry and energy in Japan. This megawatt scale product at the
laboratory of such a prestigious customer will help us to become
better known in the key Japanese market."
<Specifications of the water electrolyser to be used in this
demonstration>
Model HGas3SP
Method of water electrolysis Solid polymer method
--------------------
Hydrogen production capacity Approx. 30.9 kg/hour
--------------------
Power supply 2.0MW
--------------------
Package 40-foot container
Chiller/air blast
--------------------
For further information please visit www.itm-power.com or
contact:
ITM Power plc +44 (0)114 551 1205
James Collins, Head of IR
Investec Bank plc (Nominated Adviser
and Broker) +44 (0)20 7597 5970
Jeremy Ellis / Chris Sim / Ben Griffiths
Tavistock (Financial PR) +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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July 07, 2021 02:36 ET (06:36 GMT)
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