(Alliance News) - AFC Energy PLC said on Wednesday that Extreme E, the all-electric off-road SUV racing series, will continue to use the company's zero-emission fuel cell for its 2022 season.
Shares in AFC Energy were up 11% at 37.70 pence on Wednesday morning in London.
The new contract, signed yesterday, will see the company's fuel cell system being rented to Extreme E again on commercial terms and used to generate power for all of the race vehicles at each of the five rounds in the 2022 season.
The Surrey, England-based hydrogen power generation technology company explained that its L series hydrogen power generator was previously used at all five races in the inaugural Extreme E 2021 season.
By Heather Rydings; heatherrydings@alliancenews.com
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