The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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: 18.60
Bid: 18.12
Ask: 18.74
Change: 0.42 (2.31%)
Spread: 0.62 (3.422%)
Open: 18.18
High: 18.74
Low: 17.70
Prev. Close: 18.18
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 To Build Commercial Ammonia To Power System After Trial

Mon, 20th May 2019 14:37

LONDON (Alliance News) - AFC Energy PLC said Monday its 18-month "ammonia to power" trial has ended successfully and the company now plans to build a scalable commercial system.

The system will use existing ammonia cracking technology alongside AFC Energy's fuel cell system, enabling the use of AFC Energy's fuel cells in off-grid locations where electricity would be generated through the consumption of ammonia.

AFC Energy said the availability of low cost hydrogen gas has been an "obstacle" to date of deploying its fuel cells in more remote, off-grid locations. Therefore, the company sought a replacement in the form of "readily available" ammonia.

AFC Energy said the 18 month trial showed "proof of concept" the company's fuel cell system, using cracked ammonia, can provide clean electrical power in remote, off-grid applications.

"The successful integration of the company's fuel cell system into an upstream hydrogen stream sourced from cracked ammonia is not only a unique selling point of the alkaline fuel cell, but also is a logical means to the unlocking of the multi-billion dollar off-grid stationary power market," said Chief Executive Adam Bond.

Bond continued: "The results of this demonstration, highlight the potential of ammonia as a long-term fuel to support the deployment of the company's alkaline fuel cell system, displacing diesel gensets and offering an alternative fuel source to the company's new Electric Vehicle charging unit. Utilising ammonia as a fuel is wholly consistent with AFC Energy's review of integrated fuel and power generation systems for off grid power generation and should be a key differentiator for us in our go to market strategy in this ever growing target market."

Shares in AFC Energy were down 0.2% on Monday at 4.28 pence each.

More News
1 Nov 2018 13:43

AFC Energy Power Unit Design May Be Altered After Southern Oil Review

LONDON (Alliance News) - Industrial fuel cell power firm AFC Energy PLC on Thursday said its hydrogen power-generation unit design could be altered as result of a review by Southern Oil Refining

Read more
5 Sep 2018 09:21

AFC Energy joins Hydrogen Council as supporting member

(Sharecast News) - Industrial fuel cell power company AFC Energy has been invited to join the Hydrogen Council as a supporting member, it announced on Wednesday.

Read more
26 Jul 2018 13:14

AFC Energy Receives Deposit From Southern Oil Refinery For Order

LONDON (Alliance News) - Fuel cell power company AFC Energy PLC said on Thursday it has received a non-refundable deposit from Southern Oil Refinery Pty Ltd.This will allow AFC to start the

Read more
3 May 2018 12:42

AFC Energy Appoints Richard Dunkley As Chief Financial Officer

LONDON (Alliance News) - Fuel cell power company AFC Energy PLC on Thursday appointed Richard Dunkley as chief financial officer and Percy Hayball as non-executive director.Dunkley replaced

Read more
7 Mar 2018 13:33

AFC Energy 2017 Loss Narrows As Prepares For Commercial Exploitation

LONDON (Alliance News) - AFC Energy PLC said Wednesday its 2017 loss narrowed on much reduced cost of sales as it prepares to focus on commercialising its fuel cell power the

Read more
15 Feb 2017 11:19

AFC Energy raises £6m to support journey to commercialisation

(ShareCast News) - Shares in AFC Energy are up more than 6% after it raised £6m via a discounted placing and subscription to support its journey to commercialisation. The placing was of 58.5m new shares, while the subscription was for 1.5m new shares. Both were priced at 10p a share. More specifica

Read more
30 Nov 2016 10:05

AFC Energy To Assess Hydrogen Projects For UK 'Northern Powerhouse'

Read more
30 Nov 2016 09:15

AFC Energy partners with Peel Environmetal for hydrogen fuel cell test

(ShareCast News) - Fuel cell power company AFC Energy has teamed up with Peel Environmental to assess the techno-feasibility of a hydrogen fuel cell precinct, which is consistent with the government's Northern powerhouse initiative. A positive outcome from the techno-economic assessment, which is to

Read more
14 Nov 2016 11:25

AFC Energy able to operate on lower grade hydrogen

(ShareCast News) - AFC Energy completed testing of its second generation fuel cell system, proving its ability to operate on lower grade hydrogen. The second generation system extends the operating life of the fuel stack, while increases availability and reducing costs. The tests proved that the

Read more
26 Aug 2016 17:21

AFC Energy's finance director steps down

(ShareCast News) - AFC Energy said on Friday its finance director Christopher Tawney will step down from the board with immediate effect to pursue other business interests. The company said it has appointed a senior financial controller who will absorb the roles performed by Tawney. "Christopher jo

Read more
15 Aug 2016 15:10

AFC Energy unveils new brand identity

(ShareCast News) - Industrial fuel cell power company AFC Energy announced on Monday that it has launched a new brand identity. The AIM-traded firm said the new identity reflected its ongoing transition from a research and development focused technology company to a commercial company providing larg

Read more
15 Aug 2016 14:57

AFC Energy shares rocket after unveiling new colours

(ShareCast News) - Hydrogen fuel cell manufacturer AFC Energy shares rocketed after the company unveiled its new brand identity to mark its transformation from a research and development-focused technology outfit and into a commercial company providing large-scale industrial applications. The compan

Read more
6 Jul 2016 08:52

AFC Energy Achieves Fourth Strategic Milestone Ahead Of Schedule

Read more
30 Jun 2016 07:27

AFC Energy Confident Brexit Will Not Impact EU Programmes

Read more
16 Jun 2016 08:29

AFC Energy Gets EUR2.1 Million From EU For POWER-UP Project In Germany

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.