AFC Energy PLC - Cranleigh, England-based hydrogen power generation technologies provider - signs Hydrogen fuel cell supply and collaboration agreement with partner Urban-Air Port Ltd, which designs and develops ground infrastructure for airborne drones and passenger vehicles.
AFC Energy will provider a hydrogen fuel cell system on a lease basis to the Air-One site in Coventry for three weeks, allowing for clean power generation and charging onsite.
"Urban-Air Port's aspiration to establish a global network of urban airports and unlock clean air mobility worldwide affirms its disruptor qualities within the eVTOL and autonomous aircraft space. With a commitment to the eradication of diesel generation in grid constrained environments, AFC Energy is pleased to be partnering with Urban-Air Port in support of its bold vision to decarbonise air and ground based transportation through its modular hub ecosystems in both dense urban and remote locations," says Chief Executive Officer Adam Bond.
Current stock price: 54.40 pence
Year-to-date change: down 31%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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AFC Energy (AFC)