Proton Motor Power Systems Receives Follow-Up Order from Deutsche Bahn AG Subsidiary for Hydrogen Fuel Cell Emergency Power System
Key Ideas
- Proton Motor Power Systems received a follow-up order from DB Bahnbau Gruppe GmbH for a hydrogen fuel cell emergency power system with a rated power output of 48 kilo-volt-amperes.
- This marks the 26th system ordered by the Deutsche Bahn subsidiary under their cooperation agreement since 2015, showcasing a strong partnership.
- The order comes at a critical time as Proton Motor Power Systems faces a risk of ceasing its operations by the year-end, emphasizing the significance of this deal for the company's survival.
- CEO Faiz Nahab highlights ongoing funding discussions with partners to fulfill current and future orders, indicating proactive efforts to secure resources.
Proton Motor Power Systems PLC, a designer and producer of hydrogen fuel cells and hydrogen fuel cell electric hybrid systems, has recently received a follow-up order from DB Bahnbau Gruppe GmbH, a subsidiary of the German national railway company Deutsche Bahn AG, for a complete hydrogen fuel cell emergency power system. This system, with a rated power output of 48 kilo-volt-amperes, is the 26th system ordered by the Deutsche Bahn subsidiary under their cooperation agreement that dates back to 2015. Notably, this order falls under the client's new brand name, EnerRail. The significance of this order is heightened as Proton Motor Power Systems is facing the risk of ceasing its operations by the calendar year-end due to market dynamics. In response to this challenge, the CEO, Faiz Nahab, has expressed determination in progressing funding discussions with potential partners to ensure the fulfillment of this order and secure resources for future projects. The positive market reaction is reflected in the company's stock price increase of 19% in London trading. This development underscores the importance of sustainable partnerships and strategic orders in the renewable energy sector, particularly in the context of railway systems and emergency power solutions.