AFC to present AlkaMem® at Conference

Reach - This is a non-regulatory announcement.

1 October 2020

AFC Energy PLC

("AFC Energy" or the "Company")

AFC Energy to Present AlkaMem® at Prestigious Fraunhofer Society Advanced Alkaline Electrolysis Conference

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation, is pleased to have been invited to present its AlkaMem® anion exchange membrane technology to industry at the prestigious Fraunhofer Society on 1st October 2020.

Germany's Fraunhofer Society is regarded by many as the world's leading applied research organisation and is hosting its third Advanced Alkaline Electrolysis conference this week where AFC Energy's AlkaMem® membrane technology, originally designed for its proprietary high energy density fuel cells systems, will be presented in the context of Alkaline Water Electrolysis and green hydrogen generation.

With the EU electrolysis market expected to reach 40GW by 2030, there is now significant growth potential in this market with alkaline water electrolysers expected to deliver a larger percentage of the overall project demand.

AFC Energy's AlkaMem® membrane is already being provided to several industrial and academic institutions in Europe under material supply agreements for trials within the field of Alkaline Water Electrolysis with excellent results obtained to date.

The presentation will provide an update on membrane performance, scale up, and use cases within the Alkaline Water Electrolyser industry.

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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 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.