Melrose Results Presentation Deck slide image

Melrose Results Presentation Deck

Sustainability: hydrogen (H2) investments Melrose GKN Aerospace H2 propulsion Cornerstone contributor to two flagship projects aiming to eliminate carbon emissions from flights Buy Improve Sell 01001 ■ I ■ H2GEAR - £54 million project with UK government funding Hydrogen Electric Ground based demonstration of 1MW by end 2025 H2JET - £2m project over 2 years with Swedish National funding Target to explore hydrogen combustion ready for major EU funded customer programme GKN Hydrogen storage Proprietary GKN technology for storing H2 safely in specialist metal hydride powders N GREEN SAFE COMPACT Opportunity with direct industrial H2 use plus back-up storage of green electricity Advantages over pressurised H2 storage and batteries Initial interest from regulators and potential customers in US, Europe and Australia Initial units in field; industrialisation planned in 2022+ Plus investment in UK hydrogen production start-up HiiROC to develop plasma technology to convert methane into H2 and solid carbon black for industrial use 39
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