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Outline Agreement with WSP Group

7 Jan 2010 10:53

RNS Number : 1805F
AFC Energy Plc
07 January 2010
 



AFC Energy enters into an outline agreement with WSP Group 

to construct a SuperGreen power station

07 January 2010 

 

AFC Energy plc (AIM: AFC), the developer of low cost alkaline fuel cells that generate clean electricity from by-product hydrogen, is pleased to announce it has entered into a non-binding agreement with WSP Group plc with the intention of building and operating a power station based upon AFC Energy's fuel cell systems.

During the first stage it is intended that a 50 kW power station will be constructed to demonstrate AFC Energy's fuel cell systems working as part of an integrated power station. During the second stage it is intended with commercial support to build a 1 MW power station.

Both AFC Energy and WSP Group will be inviting other organisations to participate in the project and contribute towards the power station with the aim of showcasing the technologies. 

Commenting on the agreement Ian Balchin, Chief Executive, AFC Energy plc said, 

"We are delighted to be working with WSP Group to set up a "SuperGreen" power station. This facility will showcase our technology for generating electricity from hydrogen at almost twice the efficiency of combined heat and power turbines. This project is entirely consistent with both our commercial and technical development plans and we believe it will help to accelerate our commercialisation."

Stuart McLachlan, Global Managing Director of WSP Environment and Energy stated, 

"As a business that is at the forefront of supporting society and commerce to flex in to a low carbon environment, we're extremely excited to be assisting AFC Energy to develop such innovative, clean, power generation infrastructure."

For further information please visit http://www.afcenergy.com/ or contact Chelsea Hayes at Pelham Public Relations on +44 (0)207 337 1523

This information is provided by RNS
The company news service from the London Stock Exchange
 
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