RNS Out - update19 May 2020 08:11
Since the Company's last COVID-19 update in March 2020, AFC Energy has seen a rise in the number of commercial enquiries for its H-Power system driven predominantly by growing public awareness associated with an improvement in air quality and a reduction in pollution seen as a direct consequence of Government action plans to mitigate the local and global effects of COVID-19.
A pick-up in interest from construction companies in particular to address localised pollution deriving from diesel generators, along with the UK's Non Road Mobile Machinery ("NRMM") emission reduction regulations that come into play in September 2020. These enquiries, which range from outright system purchases, to plant hire, commercial scale field testing and distribution partnerships, have further evidenced industry's continued emphasis on emission reduction and alternatives to transition away from fossil fuels. They further highlight the value proposition that AFC Energy's H-Power system can bring to industry, particularly with its ability to utilise ammonia as a low-cost hydrogen carrier.
In addition to construction, several other industries, including EV charging and ports have also seen uplifts in the number of proposals we are working on at present. We are seeing a strong Government and industrial commitment towards large scale stimulus packages where fiscal commitment to green energy, air quality, pollution reduction and EV charging will further enhance new commercial opportunities for AFC Energy across its stated key markets.