The Anonymous Widower

Joint Venture With Linde AG And £38M Strategic Investment

The title of this post, is the same as that as this Press Release from ITM Power.

This is the first paragraph.

ITM Power plc  is pleased to announce its intention to raise at least £52.0 million (before expenses) through (i) a strategic investment of £38.0 million at 40 pence per share by Linde UK Holdings No. 2 Limited, a member of the Linde AG group (Linde) (the Share Subscription); and (ii) a conditional placing of £14.0 million at 40 pence per share (the Firm Placed Shares) with certain existing and new institutional investors (the Firm Placing).   The Group has also entered into a 50/50 joint venture with Linde (the Joint Venture) which will focus on delivering green hydrogen to large scale industrial projects, principally those with an installed electrolyser capacity of 10 Megawatts (“MW”) and above.

There is all the usual financial stuff and these sentences.

The net proceeds of the fundraising will be used principally to enhance the manufacturing capabilities of the Group, particularly for the development and production of large scale 5MW electrolysers, to facilitate product standardisation and manufacturing cost reduction.

The Joint Venture will focus on delivering green hydrogen to large scale industrial projects (generally being opportunities with installed electrolyser capacities of 10 Megawatts and above)

As ITM Power are constructing the largest electrolyser factory in the world, at Bessemer park in Sheffield, it appears to me that ITM Power are going for the larger scale hydrogen market.

Recently, I wrote these three posts.

News stories generated about the company or the production of hydrogen seem to require large electrolysers in excess of 5 MW.

It looks like ITM Power are setting themselves up to tap this market substantially.

How Much Hydrogen Would A 5 MW Electrolyser Create In A Day?

I found the key to the answer to this question on this page of the Clean Energy Partnership web site.

To produce hydrogen by electrolysis directly at the filling station, the CEP currently requires about 55 kWh/kg H2 of electricity at an assumed rate of efficiency of > 60 percent.

To produce 1 kg of hydrogen, nine times the amount of water is necessary, i.e. nine litres.

I will use that figure in the calculation.

  • A 5MW electrolyser will consume 120 MWh in twenty-four hours.
  • This amount of electricity will produce 2,182 Kg or 2.182 tonnes of hydrogen.
  • It will also consume 19.64 tonnes of water.

In Surplus Electricity From Wind Farms To Make Hydrogen For Cars And Buses, I described how Jo Bamford and his company; Ryse Hydrogen, have applied for planning permission to build the UK’s largest electrolyser at Herne Bay in Kent.

  • It will produce ten tonnes of hydrogen a day.
  • The hydrogen will be sent by road to London to power buses.

So could the electrolyser be a 25 MW unit built of five 5 MW modular electrolysers?

Linde and their UK subsidiary; BOC, must have a lot of knowledge in transporting tonnes of hydrogen by road. I can remember seeing BOC’s trucks behind ICI’s Castner-Kellner works in the 1970s, where they collected hydrogen to see to other companies.

 

May 29, 2020 - Posted by | Transport, World | , , , , , , ,

2 Comments »

  1. that’s hardly news, as it dates from October 🙂

    https://en.wikipedia.org/wiki/Electrolysis_of_water#Industrial_output backs up the CEP numbers: “producing 1 kg of hydrogen … requires 50–55 kW⋅h (180–200 MJ) of electricity”

    See also https://finance.yahoo.com/news/company-291-gain-could-key-072139903.html?.tsrc=rss from yesterday, citing report from BloombergNEF.

    Comment by Peter Robins | May 29, 2020 | Reply

  2. Agreed. But the story certainly fits with what has happened lately!

    Comment by AnonW | May 30, 2020 | Reply


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