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AFC Energy signs agreement with BK Gulf

"We look forwards to delivering on our partnership with BK Gulf and in working with their team in taking our fuel cell system to market", said chief executive Adam Bond

AFC Energy PLC -

AFC Energy PLC (LON:AFC) has signed a binding agreement with BK Gulf LLC to support the immediate scale up of manufacturing capacity for delivery of its proprietary H-Power fuel cell system. 

BK Gulf, a wholly owned subsidiary of Middle Eastern conglomerate Dutco Group is one of the region's largest specialist mechanical and electrical contractors.

BK Gulf provides specialist design, engineering and fabrication services for bespoke, modular containerised systems.

AFC Energy and the Dutco Group commenced commercial discussions in November 2015 by signing a Heads of Agreement to review the potential for Hydrogen fuel cell deployment in the Middle East. 

Quick facts: AFC Energy PLC

Price: 77.7 GBX

AIM:AFC
Market: AIM
Market Cap: £525.37 m
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on 16/12/20

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