Proactive Investors - Run By Investors For Investors

ITM Power and Shell 10MW electrolyser groundbreaking shows a collaboration primed for great success

The electrolyser, which features advanced polymer electrolyte membrane technology, is expected to be completed in the second half of 2020 and will be the largest of its kind
Groundbreaking
The electrolyser will produce renewable hydrogen for the Shell Rheinland refinery in Wesseling

ITM Power PLC (LON:ITM) has hailed the groundbreaking of a 10MW (megawatt) hydrogen electrolyser plant at the Shell Rheinland refinery in Wesseling, Germany as a great achievement.

The energy storage and clean fuel firm said the electrolyser, which features advanced polymer electrolyte membrane (PEM) technology, will be the largest of its kind in the world and is expected to be completed in the second half of 2020 with the capacity to produce up to 1,300 tons of hydrogen per year at peak rates. Overall, the 10MW plant will produce renewable hydrogen amounting to around 1% of the refinery’s annual consumption of 180,000 tonnes.

READ: ITM Power CEO says company "in the right place at the right time” as it delivers strong trading update

The electrolyser will use ‘green’ energy to produce renewable hydrogen for the refinery, which can then be used as a replacement for hydrogen derived from fossil fuels.

Dr Graham Cooley, ITM Power’s chief executive, said “the 10MW electrolyser plant is the “building block” to 100MW PEM electrolyser plants that will be used not only for refineries but also for the production of renewable ammonia, methanol and steel as well as for refuelling heavy vehicles such as trains, trucks and buses. Industrial demand for large scale electrolysis is steadily growing.”

He added that the groundbreaking demonstrated “a very good working relationship” between ITM Power and  oil supermajor Royal Dutch Shell PLC (LON:RDSA) and that installing such a large electrolyser plant in a refinery had required the satisfaction of “very strict” compliance rules.

Meanwhile, Simon Bourne, ITM Power’s chief technical officer, said the plant was “an important moment” for the company and its partners and that large scale electrolysis was now seen as an important element in the “decarbonisation of key industrial processes”.

ITM Power is part of the REFHYNE consortium, a group of companies that includes Shell.

In a statement announcing the groundbreaking of the plant, Shell said it expected a new hydrogen model region to be set up in the German city of Cologne, close to the Rheinland refinery, based on activities around filling stations, cars and buses that could demonstrate the potential of hydrogen energy.

ITM Power also announced on 7th May the extension of the UK refuelling collaboration agreement with Shell, which will run until 2024, and covers the refuelling of all types of hydrogen vehicles; from passenger cars to commercial vehicles, including buses, trucks, trains and ships.

With the growing pressure on oil majors to move into renewable energy sources the relationship between ITM Power and Shell certainly seems primed for great success.

View full ITM profile View Profile

ITM Power PLC Timeline

Related Articles

MRI scan
February 22 2019
In February, the firm appointed Dr Tom Oakley, a qualified radiologist and former director of NHS services at telemedicine firm Synergix Health, as the new chief executive of its trading company Feedback Medical
Light fittings
August 23 2018
The group's traditional LED business is operating in a fiercely competitive environment. The group is pinning its hopes on becoming a software and services business
Electrolyser
March 19 2019
ITM Power’s first-half results in January showed the hydrogen energy solutions provider has significantly strengthened its capability to deliver larger industrial scale projects

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use