Proton Power Systems Forms Fuel Cell Joint Venture with Schäfer Elektronik GmbH

By August 28, 2019 2   min read  (235 words)

August 28, 2019 |

Fuel Cells Works, Linyang Energy and Shanghai Shunhua Establish a Hydrogen Energy Joint Venture

Proton Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems with a zero-carbon footprint, announces that it has entered into a joint venture agreement with Schäfer Elektronik GmbH (“Schäfer Elektronik”) whereby the two companies will integrate Proton’s larger industrial fuel cells with Schäfer’s power electronics, battery and a hydrogen storage systems in one integrated plug and play power unit.

This unit will provide in excess of 1 MW of power to supply electric vehicle charging stations and will be available either as standalone unit or as grid connected unit, which would also be able to support the local grid if required.

The Board expects support across Europe and the UK for the electric car industry to rapidly increase by 2021 leading to demand for electric vehicle charging stations. In order to achieve a zero carbon footprint and to avoid national grid overload, these charging stations are highly likely to be powered by hydrogen fuel cells in order to supply the required electric load without undue stress on the electrical grid.

Mr Schäfer, CEO of Schäfer Elektronik, commented: “We are delighted to contribute to saving our planet from some of the effects of global warming; our technology will always endeavour to improve the world to live in.”

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