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UK: ITM Power wins top international award

Articles / Fuel cells
Posted by gfoat on Feb 28, 2008 - 06:23 PM

A British company leading the alternative fuel revolution has won a major international award. ITM Power [1], which is developing ways of using hydrogen to fuel vehicles and provide power for homes and offices, has won The CleanEquity Monaco 2008 Award for Excellence in the Field of Environmental Technology Research. The award was presented to ITM’s Chief Executive Officer, Jim Heathcote, by H.S.H. Prince Albert II of Monaco at a ceremony in Monaco at the end of the two-day international conference on emerging environmental technologies.

Jim Heathcote said: “This is a great honour and recognition of the hard work that everyone at ITM Power is doing to make hydrogen fuel a commercial reality. “We have made tremendous breakthroughs in science and technology that will allow us to produce lowcost fuel cells and electrolysers. These products will open the doors to zero emission energy solutions.” ITM Power’s scientists have been researching and developing the technology for more than a decade.

Later this year the company will open a factory in Sheffield to start commercial production. The company was founded in 2000 and is listed on the London Stock Exchange’s Alternative Investment Market (AIM). It employs around 60 people and has head offices near Saffron Walden and research and development facilities in Sheffield.

CleanEquity Monaco 2008 involved more than 40 of the world’s leading environmental technology companies and about 300 delegates including specialist investors, national and international politicians and major construction organisations.

The CleanEquity Monaco 2008 Award for Excellence in the Field of Environmental Technology Research, designed by Damien Hirst, was presented by H. S. H. Prince Albert II of Monaco.

Barclays Wealth and Barclays Capital were the main sponsors of the CleanEquity conference.

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