AFC Energy's hydrogen fuel cell to be showcased at flying taxi airport
One of its hydrogen batteries will be used to charge Air One’s fleet of electric vehicles
Company
LON:AFC
AFC Energy plc is a leading innovator in hydrogen-based power and ammonia cracking solutions, delivering clean energy for on-grid and off-grid applications. The company's hydrogen fuel cell technology provides a sustainable alternative to diesel power generation, supporting electric vehicle charging, decentralised power systems for construction, and temporary power needs.
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One of its hydrogen batteries will be used to charge Air One’s fleet of electric vehicles
The physical footprint of its sites is said to be 60% smaller than a traditional heliport and can be installed in a matter of days with zero carbon emissions
The 'Power Tower EV' is specifically designed for EV charging
The tower is specifically designed for electric vehicle (EV) charging
The construction industry and other users of temporary power are coming under heavy pressure to reduce emissions, with this new product range aimed to help them decarbonise
"We believe investors can play a role in overcoming the energy challenges that have been intensified by the Russian invasion. This can best be done, in our view, through a diversified approach"
Peel Hunt reiterated its ‘buy’ recommendation for the company and gave it a 195p price target
The two companies have “outlined a roadmap” for further system deployments later in the year
The alkaline fuel cell systems specialist reported commercial agreements in hand worth £5mln, and an increased pipeline in EV charging, construction, temporary power and datacentre power
"The regulatory platform and political will to address climate change has never been stronger"
The HFC system, AFC's first, will be built in the UK before being shipped to Spain.
AFC will again power all of the racers in the five rallies this year
UK based Urban-Air Port secured new funding from Hyundai's 'air mobility' division
The company said it “is now confident that it affords maximum optionality to its customers in fuelling in a way that no other fuel cell technology can”
"I believe that AFC Energy is a young, energetic and growing company," said Monika Biddulph, who is also a non-executive director of Ilika and D4t$ Solutions.
"The maritime industry's increasing reliance on Green Ammonia lends itself perfectly to AFC Energy's high energy-dense alkaline fuel cell technology“
Swiss partner ABB has also subscribed for £4mln of warrants for AFC shares
A demonstration was given by the company of hydrogen can be used to generate off-grid power to charge all the Extreme E electric race vehicles
The technology "has already proved to be a game changer", says founder and chief executive of Extreme E, Alejandro Agag
Air-One is the first of 65 electric vertical take-off airports planned