ITM Power granted £3.1m to deliver hydrogen fuel cell vehicles and refuelling station
ITM Power, the Sheffield-based energy storage and clean fuel company, has secured £3.1m of funding to deliver a 0.5 MW refuelling station and 51 Fuel Cell Electric Vehicles (FCEVs).
The fund is part of a wider £14m competition from OLEV, which has awarded financial boosts to a consortium “to fund hydrogen fuel cell vehicle and hydrogen refuelling infrastructure projects.”
ITM Power will receive £1.8m for the refuelling station, which will be delivered in the next 12 months.
The Office for Low Emission Vehicles (OLEV) said: “The innovative technology these vehicles use has long range (300+ miles) and fast refuelling (3-5 minutes) capability, and will support the Industrial Strategy Future of Mobility Grand Challenge to place the UK at the forefront of the design and manufacturing of zero emission vehicles.”
In total, ITM Power has won sales and project awards of £7.1m over the last eight weeks, bringing the contract backlog to a total of £35.7m, of which £23.2m is under contract and a further £12.5m is in the final stages of negotiation.
ITM Power continues to develop a suite of refuelling stations which will generate revenue from hydrogen sales.
Dr Graham Cooley, ITM Power CEO, said: “We welcome the continued commitment by OLEV to the rollout of hydrogen infrastructure in the UK and are delighted to be able to announce a major new station in the south of England which both provides fuel for vehicles but also backup capacity for our whole network.”
