Proton Motor Power Systems PLC New Order for a Standalone Fuel Cell System (0277H)
July 25 2023 - 2:00AM
UK Regulatory
TIDMPPS
RNS Number : 0277H
Proton Motor Power Systems PLC
25 July 2023
25 July 2023
Proton Motor Power Systems plc
(" Proton Motor " or the " Company ")
New Order for a Standalone Fuel Cell System
Proton Motor Power Systems plc (AIM: PPS), the designer and
producer of hydrogen fuel cells and hydrogen fuel cell electric
hybrid systems, is pleased to announce that it has received an
order from a supplier of gas related energy and infrastructure in
Spain (the "Customer"), for a standalone fuel cell system based on
a 50kW container solution. The system will be deployed by the end
customer at a hotel in Palma de Mallorca, Spain, as part of the
Green Hysland project.
The Green Hysland project aims to deploy a fully functioning
hydrogen ("H2") ecosystem in Mallorca, turning the island into
Europe's first H2 hub in Southern Europe. This will be achieved by
producing green hydrogen from solar energy and delivering it to the
end users, such as the island's tourism, transport, industry and
energy sectors, including gas grid injection for green heat and
power local end-use.
Proton Motor anticipates that the system will be delivered to
the Customer in the first half of 2024, with revenues
correspondingly being recognised in that year.
Dr. Faiz Nahab, CEO of Proton Motor, said:
"This is the Company's first order from within Spain and
therefore represents a further expansion in its market footprint.
It also demonstrates the versatility of the Company's offer, with
the standalone solution being used across a variety of industries
to deliver reliable, secure and clean energy for a range of
business-critical systems. "
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
Celicourt Communications
PR Adviser +44 (0) 20 7770 6424
Mark Antelme / Philip Dennis
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 develops and produces standard Products
as well as customised solutions. The focus of Proton Motor is on
stationary solutions, as well as mobile, marine and rail
applications. The product portfolio consists of base-fuel cell
systems, standard complete, as well as customised systems.
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).
.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDSEAESLEDSESW
(END) Dow Jones Newswires
July 25, 2023 02:00 ET (06:00 GMT)
Proton Motor Power Systems (LSE:PPS)
Historical Stock Chart
From Sep 2024 to Oct 2024
Proton Motor Power Systems (LSE:PPS)
Historical Stock Chart
From Oct 2023 to Oct 2024