Alkaline Fuel Cell Power Corp (AFCP) has announced the launch of a new corporate video series designed to help raise both consumer and investor awareness about the company’s hydrogen fuel cells, which it expects to be highly cost-competitive relative to existing power alternatives in North America and Europe.
The Toronto-based company said it is actively advancing solutions to combat rising energy costs and greenhouse gas levels, including piloting the delivery of hydrogen through natural gas pipelines for customers and building out near-term revenue opportunities that supplement progress on AFCP’s fuel cell business for tomorrow.
“Within the current environment which sees consumers facing dramatic increases in energy costs, AFCP is launching an awareness program that highlights how cost-effective our fuel cells are expected to be compared to the current alternative, driven by expectations that green hydrogen costs could be as low as $1 per kg (kilogram) by 2031,” CEO Frank Carnevale said in a statement.
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“To showcase the advantages of AFCP’s fuel cell technology, we’re using short videos as part of our business communications plan to increase the scale of our audience by nearly 9.5x,” Carnevale added.
AFCP recently announced a pilot project with an entity developing a hydrogen separator technology, designed to demonstrate the potential of each company’s respective technologies to deliver hydrogen through natural gas pipelines.
The company added that it will continue to advance multiple solutions aimed at delivering hydrogen to customers more quickly and efficiently.
Over the coming quarters, AFCP said it will provide further insights into the expected pricing of its fuel cell units and the levelized operating costs.
The power from AFCP’s fuel cell units is being designed to meet the demand for back-up and peaking power requirements, which would be an affordable, renewable, and reliable source of power compared to existing options, according to the company.
The corporate videos can be found on the company website and YouTube channels.
As well, AFCP said it will roll out a comprehensive social media campaign over the coming weeks and months to increase investor awareness, as the company gets closer to the demonstration of its 4 kilowatt Fuel Cell combined heat and power units.
AFCP is focused on the development, production and commercialization of micro-combined heat and power systems and off-grid and back-up power generators based on advanced alkaline fuel cell technology that generates zero CO2 emissions. It operates through two global entities: Fuel Cell Power NV, a wholly-owned subsidiary in Belgium, and PWWR Flow Streams, an AFCP brand in Canada.
Contact Sean at sean@proactiveinvestors.com