In an announcement posted on the London Stock Exchange yesterday, the company, registered at St Ann’s Wharf in Newcastle, said the PM400, which provides 30kW of net power, would enable significant cost reductions and could be used in buses, light duty vehicles, boats, UPS and smart grid applications.
First listed on the London Stock Exchange in 2006, Proton designs, develops and produces fuel cells and fuel cell electric hybrid systems.
Although registered in the North East, much of its product development is led by its German subsidiary, Motor Fuel Cell GmbH, which earlier this year produced the first ever battery and fuel cell operated electric commercial vehicle in the 7.5 to 12 tonne weight class.
Managing director of Proton Motor Fuel Cell GmbH, Dr Francoise Faiz Nahab, said: “We will further develop our business in high power applications.
“The new PM400 fuel cell stack generation is the next step in that direction.
“We are pleased about the excellent performance of the PM400. The new stack will help to bring down production cost.”