AFC Energy Regulatory News (AFC)

Reach announcement

28 April 2021

AFC Energy PLC

("AFC Energy" or the "Company")

Appointment of Chief Technology Officer

AFC Energy plc (AIM: AFC), a leading provider of Hydrogen power generation technologies, is pleased to announce the appointment of Dr David B. Harvey as its new Chief Technology Officer, effective from May 2021.

Dr Harvey is a world recognised expert in the field of fuel cell technology and electrochemical systems having spent 12 years as Group Leader and Senior Research Engineer at Ballard Power Systems and Head of Fuel Cell Development at Fuel Cell Powertrain GmbH.

Relocating to the UK to take up this role, Dr Harvey will bring his unique understanding of catalysts, membranes, advanced materials and cell / stack development to further accelerate commercialisation of the Company's "S" series high density alkaline fuel cell system and AlkaMem® membrane technology.

As a leading technical expert in fuel cell systems and having led performance and durability projects for the US Department of Energy (Office of Energy Efficiency and Renewable Energy) and the European Fuel Cell and Hydrogen Joint Undertaking (FCH JU) Horizon 2020 programmes, Dr Harvey was selected following a global search based on his deep technical and managerial experience in fuel cell electrochemistry and stack performance and durability.

Overall, Dr Harvey brings more than 20 years of entrepreneurship, innovation, and strategic technology management to the role. He has a proven track record of execution in product development and strategic technology management with demonstrated achievements and worldwide recognition in clean technology and new product innovation.

Commenting on his appointment, Dr David Harvey said:

"Alkaline fuel cell chemistry affords many advantages and benefits for today's clean power market, both for stationary and mobile applications, and AFC Energy's high energy density AEM fuel cell has the potential to be a real game changer for the industry.

AFC Energy has made huge strides across its technology and commercial platforms in recent years and I am very excited to be relocating to the UK to take up this role with the world's leading alkaline fuel cell business. I look forward to working as a member of the Executive Management team and with AFC Energy's world-class team of scientists, engineers, and technicians in driving the company's capitalisation of emerging opportunities across the global Hydrogen market."

Adam Bond, Chief Executive of AFC Energy, said:

"We are delighted to welcome David to AFC Energy's Executive Leadership team. David's world-class experience in fuel cell technology will further strengthen our technical offering, particularly in high energy dense fuel cell systems.

Such impeccable credentials in several global hydrogen and fuel cell businesses, will materially contribute to not only AFC Energy's technology platform, but our corporate strategy, commercial partners and expansion opportunities. We welcome David to AFC Energy and wish he and his family a successful transition to the UK."

-ENDS-

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About AFC Energy plc

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 deployable 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.