AFC Energy delighted as investors back fundraise to build manufacturing capability
Adam Bond, AFC’s chief executive said several new institutions had subscribed to the placing
Company
AFC Energy PLC
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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AFC Energy happy with progress of AlkaMem technology
AlkaMem has been successfully scaled up in size within a commercial-sized fuel cell.
AFC Energy to test fuel cell system at site of Spanish construction group ACCIONA
Each company will contribute to the cost of conducting the field trial.
AFC Energy higher as it confirms 2022 release plans for HydroX-Cell(S) fuel cell system
The hydrogen power specialist said the first full commercial scale prototype of the system will commence manufacture in June this year
AFC Energy plans late May return to premises as it aims to meet rising customer demand
There has been no slowdown during coronavirus pandemic and key business areas are seeing an increased level of interest from customers
Oil and gas price collapse may help motorists, but it will have little impact on the UK's green revolution
That bandwagon has long departed, according to broker Canaccord, which looks at the beneficiaries of this transformation
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Coronavirus “should have little impact” on AFC Energy’s hydrogen fuel cell progress - analyst
WH Ireland analyst Brendan Long described the company as being “on a positive trajectory” supported by equity funding.
AFC Energy raises £1.4mln in case of “prolonged” coronavirus pandemic
It is the fuel cell firm's latest response to protect its business during the crisis
AFC Energy unveils measures to combat coronavirus, hails government investments in electric vehicle charging
Despite the outbreak, the company said it was “seeking to maintain momentum” following the successful launch of its H-Power systems over recent months
AFC Energy appoints electric vehicle executive to deal with growing interest in its H-Power EV charging system
Since it demonstrated its H-Power system on a roadshow, AFC has received a lot of enquiries about the technology
AFC Energy sees “clear and ever-growing momentum” behind hydrogen as means to decarbonise UK
“The next twelve months will see a concerted effort focussed on the sale and deployment of fuel cell systems into key markets."
AFC Energy appoints its company secretary Graeme Lewis as finance director with immediate effect
“Graeme's highly regarded commercial experience, particularly in the temporary and off-grid power markets will be a key contributor to AFC Energy's current commercial focus"
AFC Energy to showcase hybrid hydrogen power generator system
"The global power market is changing, and changing fast,” said Adam Bond, AFC chief executive.
AFC Energy roadshow highlights benefits of zero-emission EV charger
“Technologies such as AFC Energy's hydrogen fuelled EV charger are good for investors, the environment and for UK in securing our energy future”
AFC Energy inks deal with green tech firm HiiROC to extract hydrogen from natural gas
AFC will be granted exclusive rights in the UK, Europe and Australia to use HiiROC’s technology, which extracts hydrogen from methane without emitting CO2
AFC Energy doubles money to develop EV charging system
The placing follows a £1mln investment on Monday from one of AFC’s institutional investors
AFC Energy receives £1mln backing from a single shareholder
The issue price represents a discount of 20% to the volume-weighted average price of 21.28p on Friday
AFC Energy launches H-Power electric vehicle charging system, partners with British Motor Show 2020
“It is a privilege to have been recognised in such an illustrious setting as the Motor Show and play a small part in this new leadership role as we advance into a new era of highway electrification,” said CEO Adam Bond
AFC raises £520,000 through share subscription to fund orders for electric vehicle charger
The funds were raised through a subscription of 2.6mln shares, most of which went to a single institutional investor