AFC Energy PLC

AFC Energy says initial review of fuel cell module is complete


Foster Wheeler, the global engineering company, has completed its initial review of AFC Energy's (LON:AFC) first commercial fuel cell platform, KORE.

KORE will be the first commercial-grade 250 kilowatt (kW) fuel cell module developed by AFC Energy to generate electricity from surplus hydrogen at stationary industrial locations, including chemicals and waste-to-energy plants.

Completion of the review will enable AFC Energy to kick on with the detailed design, construction and delivery of the first KORE module that will act as the initial platform for the fuel cell installations, including the €6.1 million EU-backed Power-Up project in Stade, northern Germany, where AFC is partnered with Air Products.

"As we prepare to deploy our systems in commercial settings, it is essential that we have objective experts on hand to 'put our plans through their paces' and to help us ensure that we are delivering a robust product. We are delighted that Foster Wheeler is working with AFC Energy to help us commercialise our fuel cells as part of the renewable energy mix, to generate clean power," said Ian Williamson, AFC Energy's chief executive.

Quick facts: AFC Energy PLC

Price: £0.05

Market: AIM
Market Cap: £20.83 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of AFC Energy PLC named herein, including the promotion by the Company of AFC Energy PLC in any Content on the Site, the Company receives from...



Investor Update: CentralNic to beat forecasts, raises €50mln through bond issue

Top stories from the Proactive Investors UK newsroom. CentralNic (LON:CNIC) expects to beat market forecasts for 2019 after strong trading in the first four months of the year. The internet domain name registry has also raised €50mln through its first secured bond issue. StatPro...

on 24/6/19

2 min read