In the stock exchange announcement of June 20, 2023 by Proton Motor Fuel Cell GmbH’s UK parent company, Proton Motor Power Systems plc, on the publication of the 2022 Annual Report, it is reported that further progress has been made in technology testing, capacity building and the sales pipeline. The organization has been strengthened to deliver complete power solutions. While industrial and consumer demand for alternative energy sources continues, the reporting period was marked by the effects of the Russian invasion of Ukraine. Proton Motor’s technology offering continues to mature to meet this growing demand and support the group’s ongoing commercialization process.
In 2022, the total order intake is £2,653,000. Sales in 2022 amounted to GBP 2,088,000. A fifteen-year lease was signed for modern space (pictured) that will allow for improved and efficient production flow to make room for a significant expansion of manufacturing, testing and development capabilities. Proton Motor CEO Dr. Faiz Nahab commented, “In the coming year, we will focus in particular on ramping up production capacity in the new facilities and realizing the current potential for order intake and the sales and production pipeline.”
Covering the future energy demand
Proton Motor Director Governmental Affairs and Communication Manfred Limbrunner likewise gave a webinar on the Investor Meet Company platform on June 20 on the topic of hydrogen fuel cells for the mass market. The 30-minute recording is now available as new YouTube content.