AFC Energy’s first hydrogen-generator order from contractor Acciona reflects feedback from the Spanish group after a trial of a smaller version, notes broker Peel Hunt.
Acciona’s engineers gave a detailed definition of shape, size and power output that an emission-free generator should have to hit the construction industry's mass adoption “sweet spot”, notes the house broker.
The Spanish group added that “the system’s modularity, scalability and compactness make this an ideal platform to displace diesel generation from our construction sites in the near term”.
Peel Hunt has maintained its ‘buy’ recommendation and 195p price target, compared to a market price of 19.5p, up 0.6% today