Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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: 18.34
Bid: 18.22
Ask: 18.46
Change: -0.66 (-3.47%)
Spread: 0.24 (1.317%)
Open: 18.50
High: 19.74
Low: 17.96
Prev. Close: 19.00
AFC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

World First Ammonia Cracking Pilot

4 Dec 2023 07:00

RNS Number : 4832V
AFC Energy Plc
04 December 2023




4 December 2023



AFC Energy PLC

("AFC Energy" or the "Company")



Ammonia Cracking Pilot Supports Unlocking of Global Hydrogen Trade


First Ever "International- UK" Ammonia Fuel Value Chain Demonstration



AFC Energy plc (AIM: AFC) ("AFC Energy"), a leading provider of hydrogen power and generation technologies, is pleased to announce the unveiling of its world first modular ammonia cracker system demonstrating the production of hydrogen in the UK from ammonia procured from OCI Global ((Euronext: OCI).




· AFC Energy commences largest "ammonia to hydrogen" modular cracker demonstration in operation worldwide.


· Cracker system designed to deliver 140 tonnes of fuel cell grade (ISO) hydrogen per annum (400kg/day).


· Hydrogen from the cracker plant targeted for sale into AFC Energy's UK H-Power Generator deployments.


· Tangible demonstration of ammonia's role in supporting global hydrogen trade with ammonia supplied by OCI via its Rotterdam terminal, where it imports from its facilities in the US and MENA.


· Letter of Intent now signed with trading arm of large European energy company to market cracker adoption.


· Successful demonstration of pilot plant highlights the significant unrealised value in AFC Energy's ammonia cracker technology.



AFC Energy is pleased to announce the commencement of its first "ammonia to hydrogen" cracker demonstration plant. Located in the UK using ammonia sourced from OCI Global, this will be world's largest ammonia to hydrogen modular cracker demonstration in operation.


The Hydrogen Council, in collaboration with McKinsey and Company, forecasts that 400 out of the 660 million tons of hydrogen needed for carbon neutrality by 2050 will be transported over long distances, with the global trade of hydrogen derivatives, including ammonia (comprising hydrogen and nitrogen) accounting for approximately 45%.


The well-established supply chain for ammonia enables a lower barrier to its adoption globally as a hydrogen carrier fuel. However, the lack of commercially available ammonia cracking technologies highlights an important challenge in the ammonia value chain. 


Designed to produce fuel cell grade hydrogen at a rate of 400kg/day, AFC Energy's cracker system consumes a small fraction of the power consumed by electrolysers, highlighting an ideal distributed hydrogen source potential, whether for use in stationary (including motive refueling) or maritime applications.


The cracker demonstration plant has been designed, built and commissioned by AFC Energy over the course of 2023 leading to the successful first production of cracked hydrogen this week. The demonstration plant, including purification technology, will now be operated and validated over several months with targeted ISO grade (99.97%) hydrogen production. 


Hydrogen produced by AFC Energy from the plant could be supplied to customers of the Company's H-Power Generators (including Speedy Hydrogen Solutions) and third party customers.


The Company's newest cracker technology advancements (launched in March 2023) whose purity was validated by the UK's National Physical Laboratory earlier this year, are expected to be retrofitted into the demonstration plant in 2024 (replacing the existing cracker technology), further improving cost and efficiency performance, and adding to its market leading characteristics which have to date been demonstrated at lab scale.


The ammonia used was supplied by OCI Global, a leading producer of hydrogen based products, including ammonia and methanol with ammonia production facilities in the Middle East, Africa, US and Europe. The ammonia sold to AFC Energy to be cracked into hydrogen for use in fuel cell applications, was delivered via OCI's Port of Rotterdam terminal, where it imports its ammonia from the US and MENA.


Engineering will start in 2024 to containerise the ammonia cracker platform, including purification technology, to enable mobile, distributed hydrogen production at the point of consumption with an initial focus on European and Asian markets. The containerised cracker platform then becomes a standalone product capable of being sold to hydrogen consumers, positioning AFC Energy at the forefront of this emerging global market. 


The Company also expects to commence cracking green ammonia for the next stage of the project.


AFC Energy has signed its first Letter of Intent with the trading arm of one of Europe's largest energy companies to market the potential for ammonia as a hydrogen carrier fuel to its customers. AFC Energy is currently in dialogue with multiple European project partners, demonstrating the high growth potential of the Company's modular, scalable cracker technology.


The Company believes the emergence of its ammonia cracking technology, alongside its existing fuel cell technology, has the potential to deliver material value. The Company is exploring options to ensure the material value potential is properly recognized to the benefit of shareholders through industry partnerships and other strategic avenues. 


Adam Bond, Chief Executive, AFC Energy, said: 

"With an ammonia cracker offering market leading efficiency, low power consumption and the production of fuel cell grade hydrogen, AFC Energy's first pilot project is a major step forward in unlocking the barriers of hydrogen logistics and transport. The cracker system, in containerised form, will be capable of replication across Europe and Asia with our ability to generate low cost, decarbonised hydrogen from internationally traded green and blue ammonia being a key step forward in the evolution of the global hydrogen market." 


For further information, please contact:


AFC Energy plc

Adam Bond (Chief Executive Officer) 


+44 (0) 14 8327 6726

Peel Hunt LLP Nominated Adviser and Joint Broker

Richard Crichton / Tom Ballard / Georgia Langoulant

+44 (0) 207 418 8900


Zeus Joint Broker

David Foreman / James Hornigold (Investment Banking)

Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)

?+44 (0) 203 829 5000


FTI Consulting Financial PR Advisors

Ben Brewerton / Nick Hennis / Tilly Abraham


+44 (0) 203 727 1000



About AFC Energy


AFC Energy plc is a leading provider of hydrogen energy solutions, to provide clean electricity for on and off grid power applications. The Company's fuel cell technology is now deployable as electric vehicle chargers, off-grid decentralised power systems for construction and temporary power with emerging opportunities across maritime, data centres and rail as part of a portfolio approach to the decarbonisation of society's growing electrification 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 or visit may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Date   Source Headline
18th Jun 20247:00 amRNSLandmark First Power from S+ Series Generator
12th Jun 20247:00 amRNSResult of REX Retail Offer & Notice of Meeting
11th Jun 20247:00 amRNSResults of Oversubscribed Placing & Subscription
10th Jun 20245:09 pmRNSREX Retail Offer
10th Jun 20245:05 pmRNSProposed Placing and Subscription
31st May 20243:00 pmRNSTotal Voting Rights
20th May 20247:00 amRNSFirst S Series Order from Niftylift Powered Access
13th May 20242:35 pmRNSDirector Share Options
8th May 20247:00 amRNSIlluming Power Produce Fuel Cell Plates and Stacks
2nd May 20247:00 amRNSGrant of Share Options
25th Apr 20242:00 pmRNSAGM Results and Appointment of SID
25th Apr 202412:00 pmRNSBlock Listing Return
10th Apr 20247:00 amRNSNotice of Capital Markets Event
28th Mar 20241:00 pmRNSNotice of 2024 AGM
26th Mar 20247:00 amRNSQ&A session via Investor Meet Company
15th Mar 20241:00 pmRNSTotal Voting Rights
14th Mar 20247:00 amRNSS Series Fuel Cell Operating Cost Milestone
11th Mar 20247:00 amRNSFirst Factory Acceptance Test of 30kW Generator
4th Mar 20247:00 amRNSGenerator Attestation of Conformity for CE Mark
28th Feb 20247:00 amRNSAmmonia Cracker Milestones Achieved
26th Jan 20247:00 amRNSFunding Secured for Maritime Ammonia Cracker Trial
18th Dec 20237:00 amRNSAppointment of Additional Corporate Broker
4th Dec 20237:00 amRNSWorld First Ammonia Cracking Pilot
17th Nov 20237:00 amRNSPurchase of Assets from Octopus Hydrogen
15th Nov 20237:00 amRNSLaunch of Speedy Hydrogen Solutions & First Orders
25th Oct 20237:00 amRNSBlock Listing Return and Correction
23rd Oct 202312:00 pmRNSLaunch of 2023 SAYE Scheme
23rd Oct 20237:00 amRNSAmmonia Cracker Technology Milestone Achieved
4th Sep 20237:00 amRNSExclusive Distribution Agreement with TAMGO
8th Aug 202310:41 amRNSDirector/PDMR Shareholding
31st Jul 20237:00 amRNSInterim Results
28th Jul 20237:00 amRNSProposed Launch of Speedy Hire Joint Venture
27th Jul 20237:00 amRNSAppointment of Non-Executive Director
26th Jul 20237:00 amRNSAFC Energy Secures £4.3m UK Government Grant
18th Jul 20237:00 amRNSStade Update
16th Jun 20232:01 pmRNSDirector/PDMR Shareholding
6th Jun 20237:00 amRNSBoard Changes
1st Jun 20233:52 pmRNSDirector/PDMR Shareholding
1st Jun 20237:00 amRNSGrant of Share Options
11th May 20237:00 amRNSNon-Executive Director Retirement
2nd May 20239:25 amRNSDirector/PDMR Shareholding
28th Apr 20237:00 amRNSGrant of Options
28th Apr 20237:00 amRNSNotice of Investor Presentation
28th Apr 20237:00 amRNSAnnual General Meeting Results
25th Apr 20233:58 pmRNSBlock Listing Return
21st Apr 20236:03 pmRNSAnnual Financial Report
19th Apr 20237:00 amRNSACCIONA Orders First 50kVA H-Power Generator
4th Apr 20237:00 amRNSNotice of AGM
29th Mar 20237:05 amRNSABB E-mobility Follow On Investment
29th Mar 20237:00 amRNSABB Milestone Validation

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.