ITM Power, the Sheffield-based green energy specialist, has secured a £1.1 million boost from the Carbon Trust to develop its fuel cell technology so that it can be used to power vehicles.
News of the Carbon Trust boost for ITM Power came as the company announced it has joined forces with construction group GMI Energy, which designs, installs and manages renewable energy and energy saving systems that help companies save on energy bills and cut carbon emissions.
Brightside Lane-based ITM will use the Carbon Trust cash to find ways of increasing the ‘power density’ of its fuel cells, which is the key to reducing their cost, size and weight.
Carbon Trust chief operating officer Michael Rea said: “British technology is in pole position to be under the bonnet of a next generation of mass-produced hydrogen-powered cars. Fuel cell technology is now a great growth opportunity for the UK.”
Under the deal with GMI, ITM Power will provide technology for using power generated by GMI’s installations to produce hydrogen, which can be stored and then used to refuel hydrogen powered vehicles, including fork lift trucks, to provide a back up power source, or in fuel cells.