| ITM Power
plc, a British company pioneering developments for a zero emissions hydrogen
economy, is to be a major sponsor of the world's longest running annual
hydrogen conference.
Europe's largest electrolyser and
fuel cell development company, ITM Power, will join oil giants Chevron
and Shell as a platinum sponsor of the NHA Annual Hydrogen Conference to
be staged in Sacramento, California. The National Hydrogen Association's
19th conference being staged between March 30th and April 4th will attract
energy professionals from a wide range of industries and service sectors
interested in the latest developments in hydrogen and fuel cell technologies.
ITM Power is due to open one of Europe's
first fuel cell and electrolyser manufacturing facilities in Sheffield
next year and has recently announced an agreement with aerospace giant
Boeing for the design of an environmentally-friendly refuelling station
for fuel cell powered unmanned aircraft. The Company is also developing
a hydrogen home refuelling station for cars and testing both the use of
hydrogen as an alternative fuel source for internal combustion engines
and its benefits as a mixture of hydrogen burned with diesel.
Jim Heathcote, CEO of ITM Power and
one of the keynote speakers at the Sacramento event:
"This is the world's biggest gathering
for those involved in efforts to deliver hydrogen solutions to many of
our current problems such as climate change caused by CO2 emissions and
diminishing supplies of increasingly expensive fossil fuels. Never has
the need for hydrogen been so crucial and the conference's title 'Ramping
up ommercialisation' perfectly illustrates ITM Power's role in bringing
new hydrogen-based technologies to the market.
"We are delighted to be a major sponsor
of the Sacramento event and fully expect this to be the most significant
conference on hydrogen power, fuel cell and electrolyser developments in
2008. "
ITM Power is a developer of low-cost
hydrogen technologies. The Company has developed new materials and processes
that dramatically reduce the cost of fuel cells and electrolysers. The
patented membrane materials used in the devices have higher performance
and are 1% of the cost of the industry standard materials.
Electrolysers work by converting
water and electricity into hydrogen and oxygen. The hydrogen produced can
be used as a replacement for fossil fuels and facilitate zero carbon housing
and pollution free motoring.
ITM Power was founded in 2000 and
floated on the London Stock Exchange's Alternative Investment Market in
June 2004.
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