Proton Power Systems provide electrical power solutions through their subsidiary Proton Motor, which is based in Puchheim near Munich. Their products consist of hydrogen fuel cells, fuel cell hybrids (which are fuel cells integrated with a battery pack), uninterruptible power supplies and solar storage units. The products are marketed in three segments according to their application: stationary, mobile and maritime.
Exchange: London AIM (PPS)
Financial Data from Exchange Website: LSE summary
Recent Financial Report: Final report to 31 December 2017
Further Information: Proton Motor Fuel Cell GmbH was a spin-off from Magnet Motor, a German electric propulsion company, which was bought by Proton Power Systems (PPS) in 2006. SPower GmbH, a manufacturer of uninterruptible power supplies, was added to the group in 2013. The combination of the two companies provides a variety of products offering power solutions. PPS see clear advantages for hydrogen fuel cells in markets for electrical systems where battery life is insufficient and needs extending. These include auxiliary power units as back-up, stand-alone supplies for IT and infrastructure, city buses, passenger ferries, light and medium duty vehicles.
PPS has made losses of over £9m from 2013 to 2017. They have been financed principally by loans from and their largest investor (Roundstone Properties Ltd, run by the Nahab family), and by Falih Nahab, brother of the CEO.
Contact Details: St Ann’s Wharf, 112 Quayside, Newcastle upon Tyne NE1 3DX
Chairman: Helmut Gierse
CEO: Dr. Faiz Nahab
Fields of interest: Energy Storage