GER - Proton Power Systems Receives EUR4.1 Million Fuel Cell Order from ebe Europa

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  • Confirmed order for 15 hydrogen powered fuel cells

Proton Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, announces the receipt of a confirmed order from ebe EUROPA of Memmingen (“ebe”), Germany,  for 15 hydrogen powered fuel cells of 60kW of generating capacity each.

ebe EUROPA is an integrator and distributor of electric buses. The ultimate customers are four city councils in Germany (Frankfurt am Main, Mainz, Muenster and Wiesbaden).  The total value of the order is EUR 4.1 million, with secured payment conditions including a further eight years warranty. It is expected that the 15 fuel cells will be delivered within the next 12 months.

The order is a result of the first tender under the European funded JIVE PROJECT. The project consists of two tenders, together 290 buses will be deployed within the next two years.

Currently three companies from the European mainland and two from the UK qualify for JIVE 1&2.

Proton is already in discussion with the other major component suppliers to ebe EUROPA in order to achieve delivery within the next few months

Dr. Nahab, CEO, commented: “We are delighted with this order as it further confirms the European appetite for cleaner cities and is a clear indication for higher demand for hydrogen as a clean energy source.”