AFC Energy PLC - Cranleigh, England-based hydrogen power generation technologies provider - Launches new hydrogen-fuelled Power Tower EV, which integrates ABB Ltd's alternating current charging solution for the first time. Says it is a specifically designed variant of the Power Tower announced last month, which is a hydrogen power generator unit designed to displace fossil-fuelled generators. Power Tower EV will provide permanent or temporary installations for clean power, wherever grid-based EV charging infrastructure is not viable, says AFC. Says the tower builds on partnership with ABB across e-mobility applications.
"The electrification of mobility is a key pillar of today's decarbonisation agenda and with growing EV adoption, charging infrastructure challenges continue to highlight the incremental investment to give full effect to this transition over the short to medium term," says Chief Executive Officer Adam Bond.
Current stock price: 40.60 pence, up 2.1% on Thursday
12-month change: down 41%
By Elizabeth Winter; elizabethwinter@alliancenews.com
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AFC Energy (AFC)