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16 Sep, 2020 09:21

ITM Power establishes strategic partnership with ScottishPower Renewables

ITM Power, energy storage

Hydrogen energy solutions manufacturer ITM Power had established a strategic partnership aimed at creating new green hydrogen production facilities across Scotland.

ITM said on Wednesday that its new partnership with ScottishPower Renewables would help the country achieve its target of net-zero by 2045.

The partnership's first project, Green Hydrogen for Glasgow, was designed to provide carbon-free transport and clean air for communities across the city, which wants to become the first net-zero city in the UK.

A proposed a green hydrogen production facility will be located on the outskirts of Glasgow and operated by BOC, with wind and solar power produced by ScottishPower Renewables being used to operate a 10-megawatt electrolyser, delivered by ITM Power, that will supply hydrogen to the commercial market within the next two years.

Chief executive Graham Cooley said: "This project provides the opportunity to fulfil Scotland's rich potential for the simultaneous decarbonisation of power and transport fuel. ITM Power is proud to be participating in this project with our strategic partners.

"The project and the 10MW electrolyser is subject to a memorandum of understanding at this stage and ITM Power will make a further announcement regarding the final details of deployment."

As of 0920 BST, ITM shares had shot up 7.77% to 256.50p.

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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.