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Pin to quick picksAFC Energy Share News (AFC)

Share Price Information for AFC Energy (AFC)

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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
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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.

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29 Aug 2019 13:30

AFC Energy shares climb after partnership extended

(Sharecast News) - AFC Energy shares climbed on Thursday after the company strengthened its commercial relationship with Industrie De Nora with the signing of the next phase of a joint development agreement.

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27 Aug 2019 14:36

AFC Energy Fuel Cell Electrode Achieves Longevity Target

(Alliance News) - AFC Energy PLC on Tuesday said it has completed a continuous year of operation of its fuel cell electrode and is likely to meet its longevity target.Shares in hydrogen AFC

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27 Aug 2019 09:41

AFC Energy fuel cells pass 12-month longevity milestone

(Sharecast News) - AFC Energy on Tuesday successfully achieved twelve continuous months of operation of its fuel cell electrode and said it is on track to achieve targeted electrode longevity.

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26 Jul 2019 12:15

AFC Energy Half-Year Loss Narrows, Excited By Prospects

(Alliance News) - AFC Energy PLC on Friday reported a slimmer interim loss as it looked ahead to a "very exciting" few months.The company posted a pretax loss of GBP2.1 million to

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26 Jun 2019 11:44

AFC Energy Inks Pact To Manufacture Key Part Of Fuel Cell System

(Alliance News) - AFC Energy PLC on Wednesday said it has signed an agreement for the manufacturing of a key component used in the company's hydrogen fuel cell system.The fuel cell has

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24 Jun 2019 14:08

AFC Energy Raises Further GBP1.1 Million Via Share Subscription

(Alliance News) - AFC Energy PLC on Monday said it has raised GBP1.1 million in gross proceeds via subscription of 22.2 million shares at 4.8 pence each.The issue price represents a of 12%

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24 Jun 2019 10:28

AFC Energy raises almost ?1.1m via subscription

(Sharecast News) - Alkaline fuel cell power company AFC Energy has raised £1.066m before expenses by way of subscription for 22,214,584 ordinary shares at a price of 4.8p each, it announced on Monday.

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30 Apr 2019 14:14

AFC Energy Partners With Rolec Services For Electric Vehicle Charging

LONDON (Alliance News) - AFC Energy PLC on Tuesday announced a proposed collaboration with Rolec Services Ltd for electric vehicle charging systems.Under the deal, AFC will work with Rolec

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12 Apr 2019 11:13

AFC Energy narrows loss as it progresses towards revenue generation

(Sharecast News) - Pre-revenue alkaline fuel cell power company AFC Energy announced its unaudited preliminary results for the year ended 31 October on Friday, confirming the development of new high-power density alkaline fuel cell technology with potential use in applications where space and weight were "key" considerations.

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12 Apr 2019 10:42

AFC Energy Annual Loss Narrows, Secures New Funding (ALLISS)

LONDON (Alliance News) - AFC Energy PLC on Friday said its loss narrowed in its most recent financial year due to lower administrative expensesThe alkaline fuel cell power company also said

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9 Apr 2019 10:52

AFC Energy Creates New High-Power Alkaline Fuel Cell

LONDON (Alliance News) - AFC Energy PLC on Tuesday said it has developed a new high-power density alkaline fuel cell that is smaller and can accept lower grade hydrogen fuel sources.Shares

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19 Mar 2019 16:11

AFC Energy selects fuel cell manufacturing partner

(Sharecast News) - AFC Energy on Tuesday announced Advanced Plastics Ltd as its preferred tenderer in the mass manufacture of flow plates for use within the its proprietary alkaline fuel cell system.

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19 Mar 2019 13:49

AFC Energy Selects Advanced Plastics To Make Fuel Cell Flow Plates

LONDON (Alliance News) - AFC Energy PLC on Tuesday said it has selected Advanced Plastics Ltd as preferred tenderer in the mass manufacture of flow plates.The fuel-cell power technology a a

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17 Jan 2019 09:29

AFC Energy shows off hydrogen fuel-cell vehicle charging tech

(Sharecast News) - Alkaline fuel cell power company AFC Energy announced the successful demonstration of 'CH2ARGE' on Thursday, which it described as the "world's first" electric vehicle charger based on hydrogen fuel-cell technology.

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