Close
RNS Number : 8083F
AFC Energy Plc
24 March 2022
 

http://www.rns-pdf.londonstockexchange.com/rns/8083F_1-2022-3-23.pdf

Reach announcement - non regulatory

24 March 2022

 

AFC Energy PLC

("AFC Energy" or the "Company")

10kW "Power Tower" System Launch     

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce the launch of its new 10kW Hydrogen power generator unit, known as the "Power Tower".           

Highlights

AFC Energy launches the Power Tower, an energy dense, highly efficient off-grid power solution designed to displace fossil fueled generators.

The Power Tower is a stationary 10kW power generator system designed for construction and temporary power applications.

 

Comprised of four AFC Energy "S" series air cooled fuel cell stacks with integrated battery storage

Power Towers to be deployed to both ACCIONA and Keltbray for operation by the middle of this year

Fuel flex capability across both Hydrogen and Methanol fuels (when integrated with a methanol reformer).

High fuel efficiency unit built on the energy dense, solid polymer Hybrid Fuel Cell ("HFC") platform.

Modular system capable of running multiple modules in series.

 

As temporary power users, like the construction industry, come under increasing pressure to reduce emissions, AFC Energy's new Power Tower product range will accelerate decarbonisation efforts at a time when diesel pricing pressures are beginning the transition towards a level playing field with AFC Energy's fuel cell platforms.   

 

The 10kW Power Tower offers one of the smallest footprints of any comparable air-cooled fuel cell technology operating in the market today and has built in, integrated energy storage able to support customer peak operating loads. 

 

The high efficiency system has been designed for modular deployment and ease of transportation with minimal set up time given the overarching integrated architecture of the platform.

 

Building on AFC Energy's new HFC "S" Series architecture, the 10kW system is made up of 4 x 2.5kW air cooled fuel cell stacks, configured in series, which could be increased to deliver system scale up.   

 

Initially operating on Hydrogen fuel, the Power Tower will be integrated later this year with a Methanol reformer technology to enable a fuel flex approach to customer's longer term fueling strategy.

 

With its simplified design / balance of plant and significant reduction in footprint versus the "L" Series platform, the Power Tower can deliver robust performance in harsh outdoor environments and achieve full power within 30 seconds from start-up, offering ease of use to end customers.

 

The Power Tower design has been configured for high volume manufacturing with AFC Energy already having established a robust supply chain across all components with final assembly taking place inhouse at the Company's Dunsfold Campus. 

 

The first Power Tower will be on display at the Company's upcoming Annual General Meeting on the 7th of April 2022 before release to customer sites. 

 

Adam Bond, Chief Executive Officer at AFC Energy, said: 

"AFC Energy continues to innovate to meet the needs of our customers and partners as we collectively seek to transition towards a more sustainable energy future.  The Power Tower offers an energy dense, yet highly efficient off-grid power solution designed to displace fossil fueled generators and demonstrates that AFC Energy is not just a global technology company, but also an innovator in product design and deployment."

For further information, please contact:

AFC Energy plc

Adam Bond (Chief Executive Officer) 

+44 (0) 14 8327 6726

investors@afcenergy.com

Peel Hunt LLP Nominated Adviser and Joint Broker

Richard Crichton / Tom Ballard / Alexander Allen

+44 (0) 207 418 8900

 

M C Peat & Co LLP - Joint Broker

Charlie Peat

+44 (0) 20 7104 2334

Zeus Capital LimitedJoint Broker

Daniel Harris (Corporate Finance)

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

 

+44 (0) 203 829 5000

FTI Consulting Financial PR Advisors

Ben Brewerton / Nick Hennis / Dhruv Soni

+44 (0) 203 727 1000

afcenergy@fticonsulting.com

 

About AFC Energy

AFC Energy plc is commercialising scalable "fuel flexible" fuel cell systems, to provide clean electricity for on and off grid applications. The technology, pioneered over the past twelve years in the UK, is now deployable in electric vehicle chargers, off-grid decentralised power systems and data centre applications with emerging opportunities across maritime and rail as part of a portfolio approach to the decarbonisation of local electricity needs.

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRABKNBKABKDONB