REG - AFC Energy Plc - Landmark First Power from S+ Series Generator

AFC EnergyAnnouncement

18/06/2024 07:00

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RNS Number : 7757S  AFC Energy Plc  18 June 2024

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18 June 2024

 

AFC Energy PLC

("AFC Energy" or the "Company")

 

Landmark First Power Generated from 200kW S+ Series H-Power Generator

 

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation
technologies, is pleased to announce it has successfully delivered its highest
power rated 200kW H-Power Generator to date, utilising its latest generation
S+ Series liquid cooled fuel cell technology, marking an important landmark
for the Company.

 

Highlights:

 

·      Milestone first operation of AFC Energy's first 200kW S+ Series
H-Power Generator, the Company's highest rated zero emission power generator.

 

·      Designed and developed in accordance with AFC Energy's existing
partnership with ABB e-Mobility.

 

·      Marks AFC Energy's entry into the high power class of generators
building on its market leading offering in the light to medium (<50kW) duty
generator class.

 

·      Engineered to unlock peak system efficiency to offer one of the
lowest hydrogen fuel consumptions of any fuel cell generator in its power
class in the market today.

 

·      The generator builds on AFC Energy's rapid response time and load
following capability currently implemented in its S Series air cooled fuel
cell technology.

 

·      A catalyst for entry into high power class applications,
including: EV charging, construction, maritime and data centres.

 

·      Now undergoing in-house operational testing in preparation for
the Attestation of Conformity and CE marking certification process later this
year.

 

·      Platform to offer modularised 100kW to 500kW power ranges,
complementing the existing S Series Generator platform offering 10kW to 50kW
generators.

 

Adam Bond, Chief Executive of AFC Energy, said:

 

"This is a significant milestone for AFC Energy reflecting two years of
accelerated technology development and engineering works culminating in this
successful first operation.  AFC Energy now is uniquely placed to offer its
customers and partners the full range of power solutions from 10kW through to
500kW across its H-Power platforms giving maximum choice when sizing
generators for specific power needs.  We continue to progress our drive to
offer a commercially and technically viable alternative off-grid power
solution to diesel and we are now positioned to access higher power class
opportunities not previously available with the S Series Generator series.
Congratulations to the entire team for the long hours committed in delivering
the S+ Series Generator."

 

 For further information, please contact:

 AFC Energy plc                                                 +44 (0) 14 8327 6726

 Adam Bond (Chief Executive Officer)                            investors@afcenergy.com (mailto:investors@afcenergy.com)

 Peel Hunt LLP - Nominated Adviser and Joint Broker             +44 (0) 207 418 8900

 Richard Crichton / Georgia Langoulant / Brian Hanratty

 Zeus - Joint Broker                                            +44 (0) 203 829 5000

 David Foreman / James Hornigold (Investment Banking)

 Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)

 RBC Capital Markets - Joint Broker                             +44 (0) 20 7653 4000

 Matthew Coakes / Teri Su

 Eduardo Famini / Jack Wood

 FTI Consulting - Financial PR Advisors                         +44 (0) 203 727 1000

 Ben Brewerton / Tilly Abraham / Evie Taylor                    afcenergy@fticonsulting.com (mailto:afcenergy@fticonsulting.com)

 

About AFC Energy

AFC Energy plc is a leading provider of hydrogen energy solutions, to provide
clean electricity for on and off grid power applications. The Company's fuel
cell technology is targeting commercial deployment across the construction and
temporary power markets with longer term opportunities in electric vehicle
charging, maritime and data centres as part of a portfolio approach to the
decarbonisation of society's growing electrification needs.  The Company's
proprietary ammonia cracking technology further highlights emerging
opportunities across the distributed hydrogen production market with a focus
on hydrogen's role in supporting the decarbonisation of hard to abate
industries.

 

 

 

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