RE: FFS READ THE WHOLE RESULTS RNS NOT JUST THE SUMMARY!!!!!9 Mar 2022 10:37
The AFC advantage over other Fuel Cell manufacturers....
A challenge now all too familiar across the Hydrogen industry is the gas’s low energy density by volume (versus incumbent fuels) and therefore, its associated cost of transportation and storage in off-grid locations.
AFC Energy has long held the view that for hydrogen fuel cells to be effective in decarbonising the off-grid power market, adoption of hydrogen carrier fuels must take a clear and transparent role in lowering the total cost of ownership (TCO) and therefore, cost of power. Ammonia, or more accurately, green ammonia, was one such hydrogen carrier fuel which delivered
on this challenge with the propensity to work seamlessly in an alkaline fuel cell environment relative to incumbent PEM based technologies
To this end, we have continued to move ahead in the receipt of commercial scale ammonia crackers during the year, able to liberate hydrogen from base ammonia feedstock, but we are also now reviewing opportunities to drive further leading-edge innovation in the development of novel and scalable ammonia cracker technology with broader use cases alongside integration with our fuel cell technology. These scalable crackers will have potential for adoption in large- scale, heavy-duty applications such as maritime environments, whilst also supporting traditional stationary genset displacement for zero emission off-grid power.
In engaging with the market however, it became increasingly apparent that ammonia, whilst being the world’s most energy dense chemical without a carbon molecule, may not always be the preferred choice in all applications with some end users preferring green methanol as its primary feedstock of choice. For this reason, to maximise and leverage our new power dense S series fuel cell technology, AFC Energy took the view during the year that it will develop, within the S Series, a variant fuel cell technology known as the “Hybrid Fuel Cell”, or “HFC”. The HFC adopts most of the same architecture as the alkaline S Series system but can utilise both methanol and hydrogen as its primary feedstock.
Through this innovation, AFC Energy is furthering its “fuel flex” strategy with a unique capability to provide customers with off-grid power solutions fuelled by green hydrogen, green ammonia or green methanol, in a fully integrated and modular format.
This strategy not only makes us one of the most flexible fuel cell offerings in the market today, but by leveraging both low cost and readily available hydrogen carrier fuels such as ammonia and methanol, gives us an advantage on a pure cost basis relative to other fuel cell technologies that require traditional high cost 99.999% grade hydrogen.
The fuel flex strategy increasingly embraced by AFC Energy and its partners is a unique selling point which has driven strong growth in commercial interest in our product range over the past twelve months.
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