Clear pitch here7 Mar 2018 08:33
I don't think we've seen this put as strongly before.
One of the immediate opportunities that presents itself is to utilise AFC Energy's clean running fuel cell as an alternative to back-up power from diesel generation. The generation of power from diesel generation has issues associated with noise and cleanliness of generation as well as selling on this power at many multiples of the cost of production. Information from UK Government reports indicate that diesel particulate pollution may be a contributory factor in the deaths of 29,000 Britons a year. Despite these drawbacks, the global diesel generator market is forecast to be worth around �17 billion by 2020 and is growing at 4.5% per annum according to research from Global Data.
We therefore believe that this is a prime opportunity for AFC Energy's technology in offering a cleaner, quieter, and more economical solution to diesel power generation around the globe.