Proton Power Systems signs deal to make big fuel cells, shares soar


Proton Power Systems has signed a deal with Dutch firm MTSA Technopower to build and sell large hydrogen fuel cell power systems – from 0.5MW to 10MW.

The containerised systems integrate electrolyser and fuel cell stacks that can be used by industrial and commercial firms, for example, to reduce their draw on the power grid at peak times (peak shaving) and other applications. They can be used in other power to power applications and also for gas to power applications.

MTSA Technopower developed and built the world’s largest PEM fuel cell power plant, the 2MW facility in Ingkow, China (pictured), which uses hydrogen produced as a bi-product of chlorine production.

The companies have signed a 50:50 profit sharing cooperation agreement and say they are ready to take orders for systems that can use renewables-produced hydrogen or recycled hydrogen.

Shares in AIM-listed Proton Power Systems soared more than 50 per cent on the news.

Related stories:

Ceres Power to build fuel cell manufacturing plant in Surrey

ITM Power opens seventh UK hydrogen refuelling station

Vattenfall backs hydrogen to decarbonise industry, eyes supply chain

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