ITM Power's hydrogen station HFuel with Hyundai fuel cell vehicle at Cowes Yacht Haven.
A COMPANY involved in a multi-million pound energy project with Ecoisland CIC has said the work will continue, despite the Isle of Wight organisation’s financial problems.
ITM Power Plc is leading the £4.45m Ecoisland Hydrogen Refueller project, which aims to develop a hydrogen energy production, storage and refuelling system, used by a fleet of vehicles on the Isle of Wight.
ITM Power announced last June it had been awarded £1.3m in grant funding for the project, with a further £1m going to partners including SSE, Toshiba, Cable & Wireless Worldwide, National Physical Laboratory, Cheetah Marine, Arcola Energy and Ecoisland.
In a statement issued today (Wednesday) a spokesman said: "It has recently been announced that EcoIsland CIC has entered liquidation.
"Ecoisland CIC’s role in the project was to organise and run a fuel cell electric vehicle road show for which they were allocated £49,475 of project costs, £23,500 in grant, of which £5,800 has been claimed to date.
"ITM Power and the consortium will now reallocate the remaining grant and activities within the existing consortium."
The spokesman said the three-year project was reaching the end of its first year and was on time and on budget.
It said they had designed a hydrogen generation unit designed to be used across the country and work to build the unit was underway.
The company said it had identified four sites on the Island, owned by Southern Gas Networks, SSE, Vestas and MJH Developments, for hydrogen refuelling stations and planning applications had been submitted for all four.
ITM has worked with Ventnor-based Cheetah Marine, developing a dual fuel outboard motor to be used on a boat designed and being built by Cheetah Marine.