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ITM Power sign Letter of Intent with German utility

ITM Power has announced the signing of a Letter of Intent with one of Germany’s top 10 local utility companies to investigate Power-to-Gas energy storage.

The integration of renewable energies into the existing electricity and gas networks in Germany presents great challenges to energy providers.

The collaboration will investigate the potential of energy storage by the production of hydrogen from ITM Power’s rapid response electrolysis equipment. The collaboration will also build a plant to test the performance and operation.

ITM Power GmbH MD Phil Doran commented:  “This is our first key development in the German utility market and I am delighted that this particular, forward-looking utility has recognised ITM Power’s expertise in the energy storage and clean fuel sector.”

ITM Power CEO Dr Graham Cooley added: “As a fully integrated energy company, this utility has a deep understanding of the need for energy storage and maximising the use of renewable power and is perfectly placed to demonstrate the benefits of hydrogen gas grid injection.”