ITM Power Signs MoU With Ballast Nedam

ITM Power, an energy storage and clean fuel company, has signed a memorandum of understanding (MoU) with Ballast Nedam Sustainability Services, a Dutch construction company, for the exclusive provision of hydrogen energy systems for the the Autarc (autonomous floating office).

ITM will contribute its design and technology expertise to the Autarc project to produce a self contained clean energy system. Ballast Nedam and ITM will seek to apply such solutions in the domestic built environment and Ballast Nedam will have exclusive rights to do so in the Benelux group of countries.

Graham Cooley, CEO of ITM Power, said: “The agreement with Ballast Nedam Sustainability Services provides ITM with an excellent opportunity to show case its energy storage and clean fuel technology in an off-grid situation. ITM Power and Ballast Nedam will in addition be addressing the application of zero-carbon sustainable domestic buildings within the Benelux group of countries.”

Ron Wilk, director of Ballast Nedam Sustainability Services, said: “We are very pleased to be working with ITM Power and their unique energy storage, clean fuel technology that enables renewable sources of energy, such as solar or wind, to be used for power, heating or cooking using green hydrogen, whenever needed.”

How far this MoU will help the companies?

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