24 May 2012 09:05:49
Partnership with The Hardstaff Group to address the HGV market
ITM Power (AIM: ITM), the energy storage and clean fuel company, and The Hardstaff Group, the transport industry innovations company, announce that they have signed a memorandum of understanding to develop and market a hydrogen compressed natural gas ("HCNG") fuel system for heavy goods vehicles (“HGVs”).
The Hardstaff Group specialises in providing innovative solutions for service/product enhancements and environmental protection, and in particular, in the use of natural gas and biomethane in HGVs. The Hardstaff Group of companies consists of; T.Baden Hardstaff (Hardstaff Haulage), Hardstaff Traffic Barrier Services, Charnwood Truck Services and Portal Gas Services. This diverse range of expertise allows Hardstaff Group to provide turn-key solutions from infrastructure through to the design and sale of bespoke vehicles.
ITM Power designs and manufactures hydrogen energy systems for energy storage and clean fuel production. ITM Power is committed to clean sustainable energy solutions based around water electrolysis.
Natural gas or bio methane may be combined at various ratios with hydrogen to produce HCNG, which, when burned, offers significant benefits in the emissions performance and efficiency of engines. These improvements in combustion not only reduce the tailpipe emissions of carbon dioxide, NOx, carbon monoxide and hydrocarbons but also allow for increased engine speed operation, enabling the downsizing of engines. Engine downsizing results in improved operational efficiency and reduced weight.
ITM Power CEO, Dr Graham Cooley, commented: "Partnering with the Hardstaff Group allows for the staged rollout of hydrogen technology to heavy goods vehicles; a market driven by cost reduction and improvements in efficiency. By providing HCNG solutions for HGVs, ITM Power is able to access a huge market and make significant reductions to the haulage sector's carbon footprint, and increase operational efficiency."
Commenting for The Hardstaff Group, Trevor Fletcher, chairman and managing director, said: "Innovative fuel solutions is our business and partnering with ITM Power brings together a wealth of experience in gas and hydrogen technologies. We are very excited about the possibilities."
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