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Pin to quick picksAFC Energy Regulatory News (AFC)

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500 hour prototype operation

29 Feb 2008 07:01

AFC Energy Plc29 February 2008 AFC Energy plc Durability of fuel cell proven with 500 hour operation of prototype fuel cell AFC Energy plc, ("AFC Energy" or the "Company"), the low cost alkaline fuel cellcompany that focuses on industrial markets, is pleased to announce that it hassuccessfully achieved its fifth technological milestone; 500 hours operation ofits prototype system. The successful running of AFC Energy's prototype fuel cell confirms thedurability and stability of the system after prolonged operation. Two prototypessystems were tested at the same time, both provided similar and consistentsatisfactory performances. These results combined form over 1,000 hours oftesting, validating the reliability of the prototype. This milestone has been achieved within the projected timescale described in theCompany's Admission Document of April 2007. The 500 hour operation is a significant development in the run up to beginningshipment to the Company's customer, Akzo Nobel, who will use AFC Energy's fuelcells to generate clean energy from the hydrogen it produces as a by-product.The prototype provides valuable operating data which will be used to assist thesuccessful integration of the fuel cells into Akzo Nobel's complex operatingsystems. Akzo Nobel is the fourth-largest company in the chlorine manufacturing industry.The directors of AFC Energy estimate that the global chlorine industry producesapproximately 1.6 million tones of hydrogen every year. Fundamental to ensuring AFC Energy's fuel cells reach commercial viability hasbeen the reduction in the system's costs. As part of this process, AFC Energyhas eliminated the need for the life of electrodes to exceed 8,000 hours bymaking them easily replaceable and recyclable by housing them in a series ofexchangeable cartridges. Multiple cartridges assembled together will form a 3.5kW system. Initially five3.5kW systems have been ordered, with delivery scheduled to start in August 2008to Akzo Nobel's site in Bitterfeld, Germany. Gerard Sauer, Chief Executive, AFC Energy plc, said: "This is the penultimate milestone prior to the delivery of commercial units toAkzo Nobel in August 2008 and it is extremely satisfying to have reached thispoint ahead of schedule. "Through the cartridges that house the electrodes, we have developed a 'plug andpower' system that is easy to maintain, ensures the viability of our fuel cellsand makes mass production a more simple operation. "AFC Energy is now well positioned to become a real force in providingindustrial companies with solutions that allow them to re-use hydrogen torecover energy costs and contribute to their own profitability." Tim Yeo, Chairman, AFC Energy plc, said: "For fuel cells and any other type of renewable energy to be viable, it isessential they can compete with existing sources of power generation. "AFC Energy has always adopted a strategy of identifying the application andthen developing the solution. With the industrial sector's huge energyrequirements it remains the focus for the Company. It is extremely pleasing thatthe Company's prototype is performing and can be manufactured at a marketablelevel. We remain confident about the prospects for AFC Energy." - Ends - For further information please visit www.afcenergy.com or contact: AFC Energy plc 01483 276 726 Gerard Sauer, Chief Executive Blue Oar Securities 020 7448 4400 Shane GallweyJerry Keen Madano Partnership 020 7593 4000 Mark Way / Graham Moonie This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
7th Oct 20157:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
5th Oct 20157:00 amRNSAFC's KORE Fuel Cell System Delivers Power
1st Oct 20157:57 amRNSAFC Energy Quarterly Newsletter
1st Oct 20157:00 amRNSNotification of change in significant shareholders
10th Sep 20157:00 amRNSProgress Update
3rd Aug 20157:00 amRNSKORE Fuel Cell System Achieves Operation
27th Jul 20157:00 amRNSFirst Commercial PPA with Stadtwerke Stade
17th Jul 20154:50 pmRNSSecond Price Monitoring Extn
17th Jul 20154:40 pmRNSPrice Monitoring Extension
17th Jul 20153:31 pmRNSCEO Contract Renewal
30th Jun 20157:00 amRNSQuarterly Newsletter
17th Jun 20157:00 amRNSIssuance of Consultancy Shares
10th Jun 20157:00 amRNSGrant of Final Permit
28th May 20152:40 pmRNSExcercise of Options
27th May 20154:40 pmRNSPrice Monitoring Extension
27th May 20157:00 amRNSHalf Yearly Report
13th May 20157:00 amRNSPOWER-UP Update - May 2015
11th May 20157:13 amRNSDubai Carbon comment on 300MW MOU
23rd Apr 20151:44 pmRNSMOU signed with Dubai Carbon for estimated 300MW
20th Apr 20153:34 pmRNSExercise of Options
15th Apr 20153:34 pmRNSResult of AGM
14th Apr 20157:00 amRNSHeads of Agreement- 10MW of Fuel Cell Development
7th Apr 20157:00 amRNSTR-1 Notification
2nd Apr 20157:00 amRNSIssue of Equity
30th Mar 20158:05 amRNSAFC Energy Quarterly Newsletter - Replacement
30th Mar 20157:00 amRNSAFC Energy Quarterly Newsletter - March 2015
26th Mar 20157:00 amRNSGrant of Permit
20th Mar 20153:53 pmRNSGrant of Options
20th Mar 20153:50 pmRNSIssue of Equity, Exercise of Options,Notice of AGM
13th Mar 20157:00 amRNSUpdated Corporate Presentation
10th Mar 20157:03 amRNS50MW Project Development Agreement in South Korea
9th Mar 20157:00 amRNS101 Fuel Cell Stack Trial - Results
6th Mar 201511:55 amRNSIssue of Equity
3rd Mar 20157:00 amRNSFinal Results and Notice of AGM
16th Jan 20157:00 amRNS51 Fuel Cell Stack Trial - Results
24th Dec 20147:00 amRNSQuarterly Newsletter
10th Dec 20147:00 amRNS25 Fuel Cell Stack Trial - Results
8th Dec 20147:00 amRNSPOWER-UP Programme Status Update
5th Dec 20144:05 pmRNSIssue of Equity
3rd Dec 20147:00 amRNSIssue of Equity
1st Dec 20147:00 amRNSAppointment of new Chief Executive Officer
25th Nov 201410:48 amRNSPresentation at Investor Conference
3rd Nov 20141:38 pmRNSDirector/PDMR Shareholding
3rd Nov 201411:05 amRNSHolding(s) in Company
3rd Nov 201410:55 amRNSHolding(s) in Company
31st Oct 20142:29 pmRNSHolding(s) in Company
30th Oct 201411:56 amRNSResult of General Meeting & Open Offer
20th Oct 20148:14 amRNSHolding(s) in Company
14th Oct 201410:20 amRNSAdmission of Shares
13th Oct 20147:00 amRNSNotice of General Meeting

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