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ITM Power signs agreement with AEG PS for electrolyser technology integrationDec 06, 2012 (Datamonitor via COMTEX) -- ITM Power PLC, an energy storage and clean fuel company, has signed an agreement with AEG Power Solutions, or AEG PS, to cooperate in integrating its electrolyser technology with AEG's power control electronics. Under the agreement, ITM Power and AEG PS will initially address five live projects, the status of which ranges from deployment to early proposal development. Power electronics integration is essential for future smart grids and the demand side management of loads to assimilate intermittent and fluctuating renewable energy sources, ITM Power said. The agreement with ITM represents the first time AEG PS's power conversion technology will be coupled with Polymer Exchange Membrane (PEM) electrolysis, enabling response electrolysis at a scale appropriate for electricity grid balancing services. ITM Power's CTO, Dr Simon Bourne, said: "AEG Power Solutions are a world leader in power electronics for power conversion and controlling rapid response demand side loads. We are delighted to have developed this important collaboration and look forward to working together on a developing pipeline of projects." AEG PS's CSO, Gladwyn De Vidts, said: "We are proud to cooperate with ITM Power who offers leading technology in PEM electrolysis. We are confident that the partnership will be favorable for both companies, opening new business opportunities in the future." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon |