AFC Energy Plc Grant of Final Permit (6524P)
10 June 2015 - 4:00PM
UK Regulatory
TIDMAFC
RNS Number : 6524P
AFC Energy Plc
10 June 2015
10 June 2015
AFC Energy PLC
("AFC" or the "Company")
AFC Receives Final Building Permit to Conclude Construction at
Stade, Germany
AFC Energy plc (AFC.L), the industrial fuel cell power company,
is pleased to announce that it has received its second and final
Building Permit from the Stade building and urban development
authorities in Lower Saxony, Germany to conclude construction of
what will be the world's largest industrial alkaline fuel cell
facility.
This final stage building permit follows the First Partial
Building Permit, announced to the market on 26 March 2015. Now it
has been received, this final building permit will allow AFC and
its contractors to erect all above ground infrastructure including
the industrial steel frame building to house the KORE fuel cell
system, all storage tanks, piping, connection points and ancillary
above ground equipment.
Over the past few months, the final permitting review and
approval process has been undertaken in parallel with early phase
construction works with concrete being poured this week on the
site, on top of the installed piled foundations and reinforcement
base structure.
The final building permit has afforded approvals to AFC's:
-- Civil engineering drawings
-- Plant specifications and process description of operations
-- Updated building structural load calculations and geotechnical survey results
-- Landowner approvals, including lease and access to site contracts
-- Approvals of other relevant state of Saxony departments on
submitted documents, in addition to the Stade building planning
authorities, as regards industrial Health and Safety, fire
protection, emissions and noise level studies
This permit allows AFC to proceed with:
-- Erection of the industrial steel frame building
-- Erection of Liquid Nitrogen (LIN) tank, vaporiser and re-heater installation
-- Hydrogen supply pipework
-- Medium voltage grid connection substation
-- Chemicals and product water tanks
-- Above ground piping, electrical and control and instrumentation connections
-- Ancillary structures and support work for the above
Adam Bond, AFC's Chief Executive Officer, said: "receipt of the
final building permit from the Stade consenting authorities will
now allow us to conclude our construction activities over the next
few weeks and reinforces the Company's confidence in delivering an
accelerated timeline for initial power generation from the KORE
system in July 2015".
For further information, please contact:
AFC Energy plc
Adam Bond (Chief Executive Officer) +44 (0) 20 3697 1209
Zeus Capital Limited - Nominated Adviser and Joint Broker
Phil Walker, John Treacy
Alex Davies, John Goold +44 (0) 20 7533 7727
M C Peat & Co LLP - Joint Broker
Charlie Peat +44 (0) 20 7104 2334
Lionsgate Communications - Public Relations
Jonathan Charles, Rachel Rigby +44 (0) 20 3697 1209
About AFC Energy
AFC Energy plc is fast approaching commercialisation for its
proven low-cost alkaline fuel cell system ("KORE"), which converts
hydrogen into 'clean' electricity. AFC's key project POWER-UP will
demonstrate the world's largest alkaline fuel cell system at Air
Products' industrial gas plant in Stade, Germany. The date for the
demonstration of the 240kW KORE system has been fast tracked to
December 2015, representing the final phase of AFC's
pre-commercialisation technical development programme and creating
the platform for the Company's global commercial fuel cell
deployment. For further information, please visit our website:
www.afcenergy.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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