AFC Energy Plc Delivery of First Commercial Order (5479Y)
06 March 2017 - 6:00PM
UK Regulatory
TIDMAFC
RNS Number : 5479Y
AFC Energy Plc
06 March 2017
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
6 March 2017
AFC Energy PLC
("AFC Energy" or the "Company")
Delivery of First Commercial Order for Small Scale Fuel Cell
System from PowerHouse Energy
AFC Energy (AIM: AFC), the industrial fuel cell power company,
wishes to announce it has received confirmation from PowerHouse
Energy plc ("PowerHouse") of the Company's first commercial sale of
a small-scale alkaline hydrogen fuel cell system. In accordance
with the order from PowerHouse, AFC Energy will deliver the system
once all parties are satisfied and it is confirmed that the
PowerHouse G3-UHt Ultra-high temperature waste gasification system
has been successfully recommissioned and is generating a hydrogen
stream specification appropriate for the operation of the AFC
Energy proprietary fuel cell system.
The confirmation of order is made in accordance with the
agreement between AFC Energy and PowerHouse announced to the market
on 4 April 2014 for a small scale (then Beta scale) fuel cell
system. Subject to the successful recommissioning of the G3-UHt
unit, the system is expected to be delivered to the Thornton
Science Park in Chester in the fourth quarter of 2017 with the
intention of demonstrating the technical integration of the AFC
Energy fuel cell system with PowerHouse's G3-UHt system, which is
presently en-route from Australia to the UK. AFC Energy will be
able to access test data from the integrated system as it relates
to the fuel cell once commissioned on an on-going basis.
If successfully demonstrated at the Thornton Science Park in
Chester, PowerHouse's modular and distributed power generation from
waste technology has the ability to be rolled out across a number
of additional locations in the UK and internationally.
Adam Bond, AFC Energy's Chief Executive Officer, said:
"Powerhouse Energy's order confirmation today for its first small
scale fuel cell system builds on a number of significant
opportunities AFC Energy is developing internationally for its fuel
cell systems. It further evidences the growing number of
opportunities for AFC Energy right here in the UK where growth in
and momentum behind the hydrogen economy is becoming increasingly
real".
For further information, please contact:
AFC Energy plc
Adam Bond (Chief Executive Officer) +44 (0) 20 3697 1209
Cantor Fitzgerald Europe - Nominated Adviser and Joint Broker
Andrew Craig
Richard Salmond +44 (0) 20 7894 7000
M C Peat & Co LLP - Joint Broker
Charlie Peat +44 (0) 20 7104 2334
Lionsgate Communications - Public Relations
Jonathan Charles +44 (0) 20 3697 1209
About AFC Energy
AFC Energy plc has developed and successfully demonstrated an
alkaline fuel cell system, which converts hydrogen into "clean"
electricity. AFC Energy's key project POWER-UP demonstrated the
world's largest operational alkaline fuel cell system at Air
Products' industrial gas plant in Stade, Germany in January 2016.
The Company is now looking to build upon an already established
pipeline of commercial opportunities and drive the findings from
the development phase of the technology into a technically
optimised and commercially relevant fuel cell system. For further
information, please visit our website: ww.afcenergy.com
This information is provided by RNS
The company news service from the London Stock Exchange
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