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AFC Energy PLC

AFC Energy receives non-refundable deposit from Southern Oil

Having received the deposit, AFC Energy will now work with Southern Oil to confirm the final scale and cost of the power unit, with a view to completing the installation before the end of next June

fuel cell unit
The unit is expected to be between 200kW and 400kW in capacity

AFC Energy plc (LON:AFC) has received the non-refundable deposit from Southern Oil as part of the recent order of one of its hydrogen power units.

The AIM-quoted firm will now start working with Southern to confirm the final scale and cost of the unit, which is to be installed at the oil refiner’s advanced biomass facility in Queensland, Australia.

READ: AFC picks up first fuel cell order from Australia

This work is expected to take around two months to complete and AFC is confident in having the system, expected to be between 200kW and 400kW in capacity, up-and-running by the end of the first half of 2019.

Quick facts: AFC Energy PLC

Price: £0.05

Market: AIM
Market Cap: £20.16 m
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