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AlkaMem Update

23 Jun 2020 07:00

RNS Number : 7149Q
AFC Energy Plc
23 June 2020
 

23 June 2020

AFC Energy PLC

("AFC Energy" or the "Company")

AlkaMemTM Update

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to provide an update on AlkaMemTM developments since the beginning of 2020.

Highlights

· Successfully scaled up and validated AlkaMemTM membrane within a commercial sized HydroX-Cell(S)TM fuel cell.

 

· Excellent power density maintained utilising scaled up AlkaMemTM membrane, reflecting performance seen amongst alternative high-density fuel cell technologies.

 

· Developing methods for enhanced mechanical stability of the AlkaMemTM membrane to meet wider industry applications.

 

· Initial small scale AlkaMemTM samples sold for comparative validation to commercial and research institutions in Europe with an emphasis on alkaline water electrolysis applications.

 

· Preparing for further small-scale membrane samples dispatched to European institutions next month.

 

· Initial review of third-party membrane base film suppliers highlights likely cost advantages to alternative membrane base film technologies in the market today.

 

AFC Energy has continued the development of its AlkaMemTM anion exchange membrane during the early part of 2020 into the COVID-19 lockdown with the initial dispatch of small-scale membrane samples for validation within new commercial alkaline water electrolysis applications.

Whilst AlkaMemTM has, in varying thicknesses, application across multiple non-fuel cell applications, the focus of development work over the course of the first five months of 2020 has been on the 20µm series for use within the Company's HydroX-Cell(S)TM fuel cell stack. In developing the membrane for one application, there is clear cross over benefit for use in other third-party applications.

AlkaMemTM has continued to show strong operational performance and the ability to scale this into a single commercial scale fuel cell now means efforts can go into the design and engineering of the HydroX-Cell(S)TM fuel cell stack.

The Company has consolidated its membrane team with new recruits from a mixture of PEM fuel cell / engineering backgrounds and are building an expert team across the anion exchange membrane technology field, now reporting directly to the Company's Chief Operating Officer.

New manufacturing techniques are presenting options to further enhance the mechanical strength of the membrane, which will be particularly relevant to future alkaline water electrolysis applications and for manufacturing scale up. To date, the prospects for membrane stability look promising based on the manufacturing processes developed at AFC Energy's head office in Surrey, UK.

Adam Bond, Chief Executive Officer at AFC Energy, said "the AlkaMemTM product series continues to gain traction with industry and academia and we are delighted to have commenced additional third party membrane validation activities, in addition to that already conducted with De Nora. The growth in high-density fuel cell systems, such as our HydroX-Cell(S)TM platform, alongside the cost and scaling benefit of alkaline water electrolysis means the adoption of AlkaMemTM has the potential to be a key enabler of both systems in the fast growing Hydrogen economy".

 

For further information, please contact:

AFC Energy plc

Adam Bond (Chief Executive Officer) 

+44 (0) 14 8327 6726

 

 

WH Ireland Nominated Adviser and Joint Broker

Mike Coe (Corporate Finance)

Jasper Berry (Corporate Broking)

+44 (0) 117 945 3470

 

 

M C Peat & Co LLP Joint Broker

Charlie Peat

+44 (0) 20 7104 2334

Tuva Partners Public Relations

Alex Brooks

+44 (0) 7900 205 460

 

About AFC Energy

AFC Energy plc is commercialising a scalable alkaline fuel cell system, to provide clean electricity for on and off grid applications. The technology, pioneered over the past twelve years in the UK, is now being deployed in electric vehicle chargers, off-grid decentralised power systems and industrial gas plants as part of a portfolio approach to the decarbonisation of local electricity needs.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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UPDEAXKAASKEEFA
Date   Source Headline
27th Mar 20067:45 amRNSSuspension - Advanced Fluid
21st Mar 20064:21 pmRNSNotifiable Interest
17th Mar 20062:24 pmRNSMarket Maker Holding
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6th Feb 20063:16 pmRNSNotifiable Interest
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1st Dec 200511:06 amRNSHolding(s) in Company
29th Nov 200511:56 amRNSDirectors' Share Purchase
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24th Nov 200510:45 amRNSTrading Update
22nd Nov 20053:14 pmRNSNotification of Interest
27th Oct 200512:51 pmRNSHolding(s) in Company
12th Oct 20059:12 amRNSNotification of Interest
7th Oct 20055:06 pmRNSHolding(s) in Company
27th Sep 20051:00 pmRNSNotification of interest
18th Jul 20051:51 pmRNSNotification of Interest
8th Jul 20059:30 amRNSDirector/PDMR Shareholding
6th Jul 200512:59 pmRNSDirectors' Dealing
6th Jul 200512:57 pmRNSDirectors' Dealing
23rd Jun 200512:46 pmRNSDirectors Dealing
22nd Jun 20054:35 pmRNSDirectors Dealing
2nd Jun 20053:30 pmRNSChange of Name
26th May 20053:43 pmRNSResult of AGM
26th May 200512:30 pmRNSAGM Statement
20th Apr 200510:53 amRNSNotification of Interest
12th Apr 20053:32 pmRNSIssue of Equity
30th Mar 20057:00 amRNSDirectors' Dealing
24th Mar 200512:27 pmRNSDirectors' Dealing
22nd Mar 20057:01 amRNSFinal Results
21st Feb 200511:19 amRNSChange of Adviser
14th Feb 200511:08 amRNSHolding(s) in Company
27th Jan 200511:22 amRNSAdditional Listing
25th Jan 20055:17 pmRNSNotice of Results
25th Jan 20054:53 pmRNSNotice of Results
17th Jan 200510:42 amRNSHolding(s) in Company
17th Jan 20059:41 amRNSHolding(s) in Company
4th Jan 20052:09 pmRNSHolding(s) in Company

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