Proton Motor Power Systems (PPS)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 2.45p
   
  • Change Today:
      0.000p
  • 52 Week High: 10.88
  • 52 Week Low: 2.45
  • Currency: UK Pounds
  • Shares Issued: 1,661.75m
  • Volume: 0
  • Market Cap: £40.71m
  • RiskGrade: 457

Proton Motor Power launches new large generation pack

By Josh White

Date: Monday 22 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Fuel cell and electric hybrid technology developer Proton Motor Power Systems announced the launch of a large power generation pack on Monday, based on its 'PM' module, producing 90 kW of gross power.
The AIM-traded firm said the pack is based on the new generation of its existing PM400 stack modules.

IOt said the 90 kW module would be installed in a cabinet with a volume of 452 litres, for 0.2 kW per litre, and include a complete balance of plant and power electronics.

Proton said it expected that multiples of the systems would be capable of being used for a number of applications, including 180 kW of gross power from two modules to power standby generators and large trucks, 320 kW from four modules in a cabin for use in power generation, rail and maritime applications, and 1.2 MW with four connected cabins for maritime, power generation and grid peak power shaving.

Four clusters of 1.2 MW each could also be linked to supply increased power demand.

The board said it believed that capacity of between 1.2 MW and 5 MW would be capable of being deployed in power generation, grid peak power shaving, maritime and a number of further applications.

Following successful development and testing stages, Proton confirmed that the new large power packs were now being made available for customer order and manufacturing.

The company said it had been scaling its manufacturing capabilities in preparation for mass production of its fuel cells, including an increase in staff to 120 across all levels of the business over the last 18 months.

"We have been serialising our products for mass production, we increased our personnel by 60% over the last 18 months, with more new developments on the way, we aim to eliminate diesel engines by replacing them with hydrogen fuel cell engines," said chief executive officer Dr Faiz Nahab in a short statement.

At 0932 BST, shares in Proton Motor Power Systems were down 1.82% at 13.5p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PPS Market Data

Currency UK Pounds
Share Price 2.45p
Change Today 0.000p
% Change 0.00 %
52 Week High 10.88
52 Week Low 2.45
Volume 0
Shares Issued 1,661.75m
Market Cap £40.71m
RiskGrade 457

PPS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
92.55% below the market average92.55% below the market average92.55% below the market average92.55% below the market average92.55% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Income Not Available
Growth
11.77% below the market average11.77% below the market average11.77% below the market average11.77% below the market average11.77% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

PPS Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

PPS Key Personnel

CEO Faiz Francois Nahab
Chair Helmut Gierse
COO Sebastian Goldner

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