Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAFC Energy Regulatory News (AFC)

Share Price Information for AFC Energy (AFC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 21.25
Bid: 20.85
Ask: 21.60
Change: -0.25 (-1.16%)
Spread: 0.75 (3.597%)
Open: 21.50
High: 22.00
Low: 21.25
Prev. Close: 21.50
AFC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AFC's KORE Fuel Cell System Achieves Milestone 10

12 Oct 2015 07:00

RNS Number : 8885B
AFC Energy Plc
12 October 2015
 

12 October 2015

 

 

AFC Energy PLC

("AFC" or the "Company")

 

 

AFC's KORE Fuel Cell System Successfully Achieves Milestone 10: 40kWe of Power Generated

 

 

AFC Energy plc (AFC.L), the industrial fuel cell power company, is pleased to announce that it has successfully achieved the penultimate Milestone 10 in its 2015 POWER-UP programme. It achieved Milestone 10 by commencing temporary operation of an entire tier of eight fuel cell cartridges on the KORE system where it achieved a maximum output from the tier of just over 40kWe.

 

The eight fuel cell cartridges used in this Milestone 10 trial will also be used to test the second and third tiers of the system in the coming weeks. This will require that they are cycled (switched on and off) many times. In order to preserve their effective operational longevity for the further testing, they were therefore not run to full capacity in this latest test, nor for an extended time period.

 

Each tier (there are three in total) within the KORE fuel cell system is capable of operating independently of the other so the successful operation of a single tier of eight cartridges is a significant further de-risking of the system and in particular the Balance of Plant.

 

The eight cartridges will soon be installed into each of the remaining two tiers to test the operational capability of the rest of the system before the final milestone of 240kWe is trialled in December 2015. At this stage, AFC is confident that the learnings gained from this trial, both in terms of the fuel cell cartridges and the Balance of Plant, together with the infrastructure to connect the system to the grid, will greatly support the delivery of Milestone 11 in December 2015.

 

The latest trial has helped demonstrate:

 

§ The KORE fuel cell system is capable, on a tier level (comprising eight fuel cell cartridges), of operating in an industrial environment, to deliver acceptable power output over the test period, for dispatch into the power grid.

 

§ The power conditioning infrastructure to facilitate feeding energy into the grid has now been further tested with power supplied into the grid with further work identified in preparation for the 240kWe full commissioning.

 

§ The safety, integrity and operability of the fuel cell stack is confirmed over the test period, when operating in series across a single tier of eight fuel cell cartridges.

 

This achievement, executed in accordance with the ambitious timeline set in December 2014, gives AFC further confidence in the commencement of the final phase trial (Milestone 11) at Stade, scheduled to be accomplished by year end.

 

The Company's alkaline fuel cell technology, implemented in this prototype installation, will continue to be further validated by collecting operating data over the coming months and importantly, following full commissioning of the system scheduled for December 2015, in preparation for achieving AFC's strategic goals for developing several projects in the international power market within 2016, supported by key project partners.

 

Mr Adam Bond, AFC's Chief Executive Officer, said: "When we sat down in December 2014 to devise an aggressive roadmap for the deployment of our first industrial scale fuel cell in Germany, we knew there would be challenges and obstacles we would need to overcome in order to achieve our goals. But to continue to hit our targets and deliver on our commitments almost 12 months into the programme is a testament to the technology and to our team".

 

Mr Bond further commented: "We are edging increasingly closer to delivery of a commercial scale fuel cell system capable of deployment across a range of markets we are focussing on. We will continue to push hard to achieve these ambitious goals and ensure the system we take to market achieves not only short term operational success, but also longevity, safety and stability of power supply across the life of project. Our programme of work for the remainder of this year and into the next will focus on these points. However, the announcement today should provide confidence and strong support to our ability to reach these goals".

 

For further information, please contact:

AFC Energy plc

Adam Bond (Chief Executive Officer)

 

 

+44 (0) 20 3697 1209

Zeus Capital Limited - Nominated Adviser and Joint Broker

Phil Walker, Andrew Jones

Alex Davies, John Goold  

 

+44 (0) 3829 5000 

M C Peat & Co LLP - Joint Broker

Charlie Peat

 

+44 (0) 20 7104 2334

Lionsgate Communications - Public Relations

Jonathan Charles, Rachel Rigby

 

 

+44 (0) 20 3697 1209

 

About AFC Energy

 

AFC Energy plc is fast approaching commercialisation for its proven low-cost alkaline fuel cell system ("KORE"), which converts hydrogen into 'clean' electricity. AFC's key project POWER-UP will demonstrate the world's largest alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany. The date for the demonstration of the 240kW KORE system has been fast tracked to December 2015, representing the final phase of AFC's pre-commercialisation technical development programme and creating the platform for the Company's global commercial fuel cell deployment. For further information, please visit our website: www.afcenergy.com

 

 

 

 

Attachment

 

No.

Milestone

Timing

Status

1

Confirm that cartridges can achieve operating temperature using heat produced from fuel cell reactions -i.e. no external heat applied.

 

(KORE system start-up involves the cartridges self-heating until they achieve operating temperature).

Dec 2014

Achieved

2

Appoint engineering consultant to commence design package for POWER-UP programme in Stade, Germany

Dec 2014

Achieved

3

Commence operational performance monitoring of a 50 cell stack within an industrial gas plant environment. 

Jan 2015

Achieved

4

Commence operational performance monitoring of a 100 cell stack (up to 51 live cells) within the new KORE cartridge (first time), with this trial to take place within an industrial gas plant environment.

Feb / March 2015

Achieved

5

Commence construction of POWER-UP facilities, utilities and connections at Stade, Germany (subject to timely permitting and consents).

Feb 2015

Achieved

6

Conclude construction of POWER-UP facilities, utilities and connections at Stade, Germany.

May 2015

Achieved

7

Commence installation of POWER-UP KORE system at Stade, Germany.

May 2015

Achieved

8

Commissioning of POWER-UP KORE at Stade, Germany.

June 2015

Achieved

9

Commence Phase 1 - POWER-UP programme.

 

[Emphasis on initial production of power and associated testing prior to increasing power output in Phase 2]

July 2015

Achieved

10

Commence Phase 2 - POWER-UP programme

Q4 2015

Achieved

11

Achieve first commercial scale operability of KORE module as part of POWER-UP programme

Dec 2015

In progress

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
STRFFMEFFFISEFS
Date   Source Headline
23rd Nov 202211:49 amRNSHS2 Fuel Cell Tower
7th Nov 20227:00 amRNSMethanol Fuel Tower Field Trial
3rd Oct 20227:00 amRNSACCIONA Power Tower Deployment
29th Sep 20227:02 amRNSAppointment of Chief Financial Officer
2nd Sep 202212:30 pmRNSLaunch of SAYE scheme and Director Dealing
26th Aug 20221:38 pmRNSDirector / PDMR Shareholding
3rd Aug 20227:00 amRNSBlock Listing Six Monthly Return
25th Jul 20227:00 amRNSExercise of Share Options and Total Voting Right
12th Jul 20227:00 amRNSGrant of Share Options
11th Jul 20227:00 amRNSMace Dragados to lease AFC Power Tower for UK site
29th Jun 20227:00 amRNSInterim Results
27th Jun 20227:00 amRNSLaunch of New Corporate Website and Brand Refresh
24th Jun 20221:40 pmRNSResults of General Meeting
20th Jun 20227:00 amRNSKier Pioneers Zero Emission Hydrogen Fuel Cell
30th May 20222:00 pmRNSNotice of General Meeting
28th Apr 202211:19 amRNSUrban Air Port Update
19th Apr 20227:00 amRNSTotal Voting Rights
7th Apr 20223:49 pmRNSAnnual General Meeting Results
7th Apr 20227:00 amRNS“Power Tower EV” Integrating ABB Charging Platform
24th Mar 20227:00 amRNSNew Product Launch
14th Mar 20227:00 amRNSKeltbray to Lease First Hybrid Fuel Cell System
11th Mar 202210:55 amRNSAnnual Report & Accounts 2021 and Notice of AGM
9th Mar 20227:00 amRNSFinal Results for Year Ended 31 October 2021
1st Mar 20227:00 amRNSACCIONA to Deploy First Hybrid Fuel Cell System
2nd Feb 20227:00 amRNSExtreme E 2022 Season Contract
31st Jan 20226:00 pmRNSBlock Listing Six Monthly Return
31st Jan 20226:00 pmRNSBlock Listing Application
31st Jan 20227:00 amRNSDirector/PDMR Shareholding
16th Dec 20217:00 amRNSYear End Operating Statement
3rd Dec 20217:00 amRNSAppointment of Non-Executive Director
1st Dec 20217:00 amRNSSelection for ZeroCoaster Bulk Cargo Ship Design
19th Nov 20217:00 amRNSDirector/PDMR Shareholding
17th Nov 20217:00 amRNSDirector/PDMR Shareholding
16th Nov 20217:00 amRNSABB Sale and Development Agreement
3rd Nov 202112:00 pmRNSHRH Prince of Wales Visit COP26
19th Oct 20217:00 amRNSDirector/PDMR Shareholding
11th Oct 20217:00 amRNSTotal Voting Rights
7th Oct 20218:59 amRNSDirector / PDMR Shareholding
6th Oct 20215:30 pmRNSDirector / PDMR Shareholding
5th Oct 20215:30 pmRNSDirector / PDMR Shareholding
28th Sep 20217:00 amRNSAppointment of Nominated Adviser and Joint Broker
27th Sep 20217:00 amRNSExtreme E Mid-Season Update
16th Sep 20217:00 amRNSAFC Energy and Urban-Air Port Partnership
7th Sep 20217:00 amRNSGrant of Share Options
3rd Sep 20217:00 amRNSTotal Voting Rights
16th Aug 20217:00 amRNSFirst Hydrogen Fuel Cell System Delivered to ABB
12th Aug 20217:00 amRNSDirector/PDMR Shareholding
2nd Aug 20217:00 amRNSBlock listing Interim Review
2nd Aug 20217:00 amRNSTotal Voting Rights
29th Jun 20217:00 amRNSIssue of Equity and Grant of Options

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.