In the stock exchange announcement dated June 20, 2023 of the UK parent company of Proton Motor Fuel Cell GmbH, Proton Motor Power Systems plc, on the publication of the Annual Report 2022, it is reported that further progress has been made in proving technology, building up capacity and sales pipeline. The organisation has been strengthened to be able to deliver complete power supply solutions. Whilst industry and consumer demand for alternative sources of energy continues, the period under review was impacted by the effects of the Russian invasion of Ukraine. Proton Motor´s technology offer continues to mature to remain aligned with this growing demand and supports the continuing commercialisation process of the Group.
In 2022, there is a total order intake of GBP 2,653k. Sales in 2022 were GBP 2,088k. A fifteen-year lease agreement has been signed for modern premises (pictured) permitting for enhanced and efficient production throughflows to secure space to substantially expand its manufacturing, testing and development capacity. Proton Motor CEO Dr. Faiz Nahab commented: "In the year ahead, we will be focused particularly on ramping up production capacity in the new premises and exploiting the current potential order intake and sales and production pipeline."
Meeting future energy needs
On June 20, Proton Motor Director Governmental Affairs and Communication Manfred Limbrunner also held a webinar on the Investor Meet Company platform on the topic of "Hydrogen Fuel Cells for the Mass Market". The 30-minute recording is now available as new YouTube content.