20 Jun 2013 01:06:16
ITM Power joins German Energy Agency's power-to-gas strategy platform
ITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to announce that it has joined the power-to-gas ("P2G") strategy platform managed by the Deutsche Energie Agentur ("dena") – the German Energy Agency. Dena itself acts as a conduit between politics and business providing advice to politicians, manufacturers and service providers alike.
The power-to-gas strategy platform ("the platform") – which includes 31 partners that are key players in the electricity and gas markets, equipment suppliers and leading German research institutes – was launched by dena in 2011. The platform expedites the necessary interaction between the established and emerging industrial segments that will ultimately merge to bring to fruition the German Energiewende, which represents the complete, long-term transformation of Germany's energy markets.
Renewables continue to expand apace in Germany, the fifth largest economy in the world and Europe's largest, making the need for energy storage more acute and gives insight into the issues that Germany is beginning to master, the solution to which it will export beyond its borders. Today, renewable energy in Germany contributes on average around 25% of the countries power supply and for the first time recently contributed more electricity to the grid than conventional power stations. By 2050, the proportion of renewable electricity is expected to reach at least 80%, which will lead to the complete overhaul of the electrical system, which without the storage of energy in the form of hydrogen is inconceivable. To this end the natural gas network will function as the battery of the future.
ITM Power has identified Germany as a key plank in the company's expansion plans, as evidenced by the establishment of ITM Power GmbH and its first P2G project with Thüga in Frankfurt am Main, currently under construction.
Andreas Weber, the strategy platform project director, commented: "We are delighted that ITM Power have joined the platform and are convinced that its technology and know-how will make a significant contribution to our power–to-gas activities. Electrolysis is a key component in the development of the power-to-gas sector, without which the Energiewende will not succeed."
Phil Doran, MD ITM GmbH commented: "The power-to-gas strategy platform is a very significant grouping of international energy players working to establish the role of P2G in the Energiewende. Our invited membership is further testimony to how far ITM Power have developed in the German market."
For further information please contact ITM Power.
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