Proton Motor secures follow-up hydrogen fuel cell emergency power system order from DB Bahnbau Gruppe
Key Ideas
- Proton Motor Power Systems receives a follow-up order from DB Bahnbau Gruppe GmbH for a hydrogen fuel cell emergency power system, showcasing confidence in Proton's technology.
- The order, representing the 26th system from the Customer, underscores a long-standing cooperation between Proton Motor and DB Bahnbau Gruppe GmbH since 2015.
- Funding discussions are underway to secure resources for operations beyond 2024, with hopes to finalize funding to proceed with the order delivery in 2025.
- Dr. Faiz Nahab, CEO of Proton Motor, emphasizes the company's commitment to advancing hydrogen fuel cell technologies and updating investors on funding progress.
Proton Motor Power Systems plc, a designer and developer of fuel cells and fuel cell electric hybrid systems, has announced a follow-up order from DB Bahnbau Gruppe GmbH, a subsidiary of Deutsche Bahn AG, for a hydrogen fuel cell emergency power system. This order, the 26th system requested by the Customer, highlights the ongoing partnership between the two companies since 2015. The order, featuring the HyCabinet S48 fuel cell emergency power system with a rated power output of 48 kVA, marks a significant step in promoting zero-carbon footprint technologies in the rail infrastructure sector.
While the announcement signifies continued success for Proton Motor, the company is actively engaged in funding discussions to ensure operational continuity post-2024. These discussions aim to secure resources that would enable the delivery of the recent order in 2025. Dr. Faiz Nahab, the CEO of Proton Motor, expressed gratitude for the trust shown by DB Bahnbau Gruppe GmbH and reaffirmed the company's dedication to advancing hydrogen fuel cell technologies.
Proton Motor, with 25 years of experience in clean tech solutions like hydrogen fuel cells, emphasizes stationary solutions and applications in heavy-duty, marine, and rail sectors. The company's commitment to sustainable power solutions aligns with the growing global focus on renewable energy and environmentally friendly technologies. The positive sentiment surrounding the follow-up order reflects the confidence in Proton Motor's capabilities and the broader adoption of hydrogen fuel cell technology in critical infrastructure like rail networks.
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Utilities
Renewable Energy
Stock Market
Clean Technology
Finance
Partnership
Public Transport
Announcement
Rail Infrastructure
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