Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAFC Energy Share News (AFC)

Share Price Information for AFC Energy (AFC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 21.75
Bid: 21.60
Ask: 21.75
Change: -1.05 (-4.61%)
Spread: 0.15 (0.694%)
Open: 22.00
High: 22.65
Low: 21.50
Prev. Close: 22.80
AFC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AFC Energy hails deployment of hydrogen fuel cell at HS2 project

Wed, 23rd Nov 2022 14:26

(Alliance News) - AFC Energy PLC on Wednesday said one of its hydrogen fuel cells has been deployed at Euston station in London, in the latest of a series of field trials of the product on UK and European construction sites.

AFC Energy is a Surrey-based hydrogen power generation technologies provider. Its hydrogen fuel cell combines hydrogen and oxygen atoms, which react across an electrochemical cell to produce electricity. These cells can be used to charge electric construction machinery at the point of use.

Mace Dragados Joint Venture, the construction team responsible for building HS2's new Euston station, is currently testing the capability of the fuel cell to charge a fully electric JCB telehandler.

It is also being used to charge lighting towers and a water pump on site.

HS2 is Europe's largest infrastructure project, and the UK's flagship transport levelling-up project, AFC said. It is the biggest rail investment ever made in the North of England, with GBP23 billion contracted into the supply chain and over 350 active sites between the West Midlands and London.

"Our trialling of fuel cell generators at our Euston station site underlines our commitment to supporting HS2 with its aspiration to help drive a low carbon future in the UK," said Mace Dragados Programme Director Ben Wheeldon.

"By using the electricity generated by AFC Energy's unit to power a very visible piece of equipment that we use on site each and every day, we are reminding our workforce of the need to put decarbonisation at the forefront of our industry's thinking and encouraging them to bring their own innovative ideas to Euston."

In 2015, it was originally estimated that Phase One of construction would emit 8.9 million tonnes of carbon dioxide equivalent over 60 years. However, the most recent environmental sustainability report published by HS2 for 2020 to 2021 hiked this baseline to 14.5 million tonnes of carbon dioxide.

HS2 attributed this to the extension of the project's design life, yet it remains a controversial endeavour. Most recently, Conservative MP Esther McVey told the Westminster parliament she wouldn't back tax rises unless HS2 is axed.

The use of AFC Energy's hydrogen cells at Euston follows a series of construction deployments for the "H-Power Tower", and also follows the recent successful field trial in Spain of the company's first prototype methanol fuel tower.

AFC Energy shares were trading 1.3% higher at 19.25 pence each in London on Wednesday afternoon.

By Holly Beveridge; hollybeveridge@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
7 Nov 2012 09:44

AFC energised by EU grant

AFC Energy, an industrial fuel cell company, and plant operator Industrial Chemicals (ICL) have been awarded a European Union grant of up to six million euros for the installation of the world's largest alkaline fuel cell energy plant at ICL in Essex. The grant is subject to final negotiation and,

Read more
11 Oct 2012 08:41

AFC Energy gets injection of cash from Abramovich

AFC Energy, the industrial fuel cell company, has announced an equity investment into AFC by Ervington Investments, the ultimate beneficial owner of which is Russian business tycoon Roman Abramovich. Ervington has subscribed for 32.6m new ordinary shares at 26.6p each, raising £8.27m net of costs.

Read more
10 Sep 2012 10:33

AFC milking government praise

AFC Energy, the industrial fuel cell company, has highlighted its latest glowing assessment by the government sponsored technology innovation centre known as 'Catapult'. Inspector Dr Jon Helliwell said the "pace of development within AFC Energy appears to be accelerating and the company has clearly

Read more
5 Jul 2012 10:03

Resource round-up: Sirius Minerals, Matra, AFC Energy

Global potash firm Sirius Minerals reported promising results at its project in York. It said a third borehole at the site had revealed lateral consistency of the deposit, which the firm said was an important step to achieve sufficient defined resource to underpin financing of the project. AFC Ener

Read more
25 Jun 2012 10:12

AFC to build record-sized clean energy facility

AFC Energy has teamed up with Industrial Chemicals Limited to build the UK's largest fuel cell facility to generate clean energy. The facility is designed to created one mega watt of power - enough energy to power 500 homes - by harnessing hydrogen created as a waste product at ICL's plant in Essex

Read more
6 Mar 2012 10:37

AFC bringing space tech to Surrey

AFC Energy, the UK company looking to commercialise alkaline fuel cell production, has invested in a new production facility in Surrey. The £150,000 outlay on a site at Dunsfold Park will enable the increased production of fuel cells with "full cartridge assembly". The company is looking to use th

Read more
5 Mar 2012 14:07

Small caps round-up: Angel Biotech, Energetix, Hardide...

Angel Biotechnology, a biopharmaceutical contract manufacturer, has announced that it is about to enter what the directors believe is an 'unprecedented period of growth', rendering a staffing restructure necessary. This has begun with the appointment of Dr Stewart White, who the firm says has alread

Read more
20 Feb 2012 11:02

AFC Energy drops as losses grow

AFC Energy, the alkaline fuel cell company, has fallen 4% after revealing that its losses are growing. The company says asset write downs, increased R&D spend and consultancy costs have contributed to the operating loss growing from £3,051,768 in 2010 to £4,390,192 in 2011. The company argues its

Read more
13 Feb 2012 10:00

AFC Energy gets strong independent review

AFC Energy, the British company using technology from space stations to develop alkaline fuel cells, saw a big spike in its share price this morning after announcing a positive independent technology review. The review, by the quasi-governmental Centre for Process Innovation, gave AFC the thumbs up

Read more
11 Aug 2011 09:05

AFC commissions first fuel cell system

Shares in alkaline fuel cell developer AFC Energy rose by a tenth after the company said that it has finished the commissioning of its first commercial-scale fuel cell system. "This is a significant milestone for AFC Energy. Commissioning of the Beta System is the culmination of five years' work by

Read more
7 Jul 2011 11:08

AFC Energy's loss widens as costs rise

AFC Energy's shares slumped 8% on Thursday after the low-cost alkaline fuel cell developer posted wider pre-tax loss due to higher expenses related to expansion and products development. For the six months to 30 April, the company reported a pre-tax loss of £1.9m, compared to a loss before taxation

Read more
16 Jun 2011 15:06

Positive independent technology review for AFC Energy

Low-cost alkaline fuel cell developer AFC Energy has received a positive independent interim review of its technical activity from the Centre for Process Innovation (CPI), marking a step towards commercialisation of its fuel cell systems. After assessing the barriers to CE-accreditation, the CPI s

Read more
27 May 2011 10:00

AFC raises funds, loses MD

Alkaline fuel cells developer AFC Energy has raised £3.95m from a share placing at a price of 40p per share. The firm said the new capital would be used to increase the testing of its commercial fuel cell systems, including the expansion of operating premises. It said the placing was expected to p

Read more
14 Mar 2011 10:22

Small caps round-up: AFC Energy, Digitial Barriers, Parseq ...

Alkaline fuel cells developer AFC Energy has reported its first full-year commercial revenue of £0.18m for the year ended 31 October. The revenue was for the delivery and testing of a system for Linc Energy. It expects these revenues to increase through 2011 and 2012. However, pre-tax loss increase

Read more
28 Oct 2010 16:48

AFC non-exec cashes in

AFC Energy non-executive director Mitchell Field has raised just over £250,000 by selling shares in the AIM-quoted fuel cell developer. Field sold 339,909 shares at 73.91p each. He appears to have got his timing right because that is not far off the highest ever price for the shares, which have fa

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.