Proton Motor Power Systems PLC (AIM:PPS) was boosted by a new order for a standalone fuel cell system in Spain’s tourism sector.
The company, in a statement, told investors it landed the order to supply its fuel cell system to an end customer at a hotel in Palma de Mallorca as part of the Green Hysland project, which seeks to create a fully functioning hydrogen ecosystem on the holiday island.
Through the Green Hysland project, Mallorca aims to become the first ‘hydrogen hub’ in Southern Europe.
The plan is to produce green hydrogen from solar energy, with the gas used to fuel the island's tourism, transport, industry and energy sectors.
"This is the company's first order from within Spain and therefore represents a further expansion in its market footprint,” said Proton chief executive Dr Faiz Nahab.
“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."
Proton said it expects to deliver its system in the first half of 2024, to recognise revenue in the same year.