RE: Growing pipeline28 Sep 2020 16:35
01 September 2020
AFC Energy PLC
("AFC Energy" or the "Company")
AFC Energy Awarded Contract for Sale of H-PowerTM System to Jülich as part of German Hydrogen Showcase
AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to confirm the sale of a bespoke 100kW H-PowerTM alkaline fuel cell system to Forschungszentrum Jülich ("Jülich") for deployment at its Living Lab Energy Campus ("LLEC") showcase in Germany.
Highlights
· Jülich is one of Europe's largest and most prestigious interdisciplinary research institutions.
· In collaboration with leading German and global partners, Jülich is developing Europe's first "Living Lab Energy Campus" ("LLEC").
· The LLEC will provide a blueprint for sustainable, decentralised and integrated smart infrastructure with an emphasis on cutting-edge renewable and Hydrogen technologies.
· Having reviewed best available technologies in the market today, Jülich has now selected AFC Energy for the provision of a 100kWe stationary alkaline fuel cell system for inclusion in the LLEC.
· Higher tolerance to lower grade, and therefore lower cost Hydrogen, was a key driver for AFC Energy's selection.
· The initial transaction value also comes with additional trailing payments receivable under a Long Term Services Agreement ("LTSA") over the project's life.
Julich chose AFC for good reason.