Proton Motor Power receives fifth order from GKN division
By Josh White
Date: Tuesday 13 Jul 2021
(Sharecast News) - Fuel cell and electric hybrid technology company Proton Motor Power Systems has received a fifth order from GKN Powder Metallurgy, it announced on Tuesday, for an additional powder metallurgy (PM) module 'S8', designed for the autonomous provision of energy and heat.
GKN PM is part of GKN, the aerospace, automotive and powder metallurgy business controlled by the FTSE 100-listed Melrose Industries.
The AIM-traded firm said that as with previous orders from GKN PM, the Proton system would be deployed to supply "self-sufficient clean power and heat" in a residential setting, from hydrogen generated from renewable sources.
"We are delighted to continue to support GKN PM in their drive to demonstrate the use of hydrogen as a means of storing energy produced from renewable resources, and look forward to expanding our relationship to include training and services to support GKN PM's international sales," said chief executive officer Dr Faiz Nahab.
At 0937 BST, shares in Proton Motor Power Systems were up 1.56% at 52.2p.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN