Proton Motor Power Systems plc, a designer and producer of fuel cells and hybrid systems, released its audited results for the year ended 31 December 2023. The company reported a total order intake of £2,512k in 2023, including both repeat and new customer orders, supporting current and future revenue. There was a notable shift in demand towards stationary applications, which made up 96% of the order intake in 2023 compared to 59% in the previous year. Sales for 2023 reached £2,122k, marking a 1.7% increase from the previous year. The company noted significant orders, such as an indoor emergency power unit for DB Bahnbau Gruppe, a combined heat and power source for an Iberostar hotel in Majorca, and a power system for University Stuttgart, all utilizing hydrogen. Proton Motor also reported an increase in the number of system sales by 83% in 2023. Despite an operating loss of £10,368k, attributed to investments in technical development, staff, and infrastructure, the company is progressing towards the commercialization of its products and meeting the market demand for fuel cells amidst the transition to cleaner energy sources. Proton Motor highlighted the establishment of a new production facility set to commence operations in 2025. The Chairman's statement emphasized the company's focus on achieving economies of scale, increasing production capacity, and seeking strategic partnerships to expand market reach. Overall, Proton Motor's results for 2023 reflect a positive trend in the adoption of fuel cells and growth in the clean energy sector.