ITM Power PLC (AIM: ITM) said it has launched the equipment needed to realise a "zero carbon" home power system aimed at taking commercial advantage of UK legislation on emissions from new homes.
ITM has applied its patented technology to designing and building a zero carbon domestic energy system providing heating, lighting, and electric power plus the storage needed to allow this to operate from renewable resources.
The system makes and stores non-polluting hydrogen which is then used in specially adapted household appliances. This system is being launched and demonstrated today, July 7, to media, local authorities, potential commercial partners and potential joint-venture partners.
ITM alsos said it has agreed to participate in the building of an innovative demonstration housing development in South Shields, supplying its expertise and technology, in order to show that affordable housing can be made a net producer, rather than a net consumer of energy.
The housing development is being built by a partnership between Groundwork South Tyneside & Newcastle with ONE Northeast, Four Housing Group, and South Tyneside Council. The development is being financed by the partners.
In addition to ITM's hydrogen technology, the site will feature state of the art heat pumps, solar energy, renewable wind energy, and modern low energy lighting.
Final designs for the development are now being completed and it is expected that application for full planning permission will be made in late August 2009. If successful, Groundwork envisages rollout of the ITM energy package throughout projects in the North East region.
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