Alkaline Fuel Cell Power Corp. (NEO:PWWR.AQN) (AFCP) announced that its Belgium subsidiary, Fuel Cell Power NV (FCP NV), has achieved a significant milestone in the development of its alkaline fuel cell system, and will be hosting a launch event on January 11, 2023, in Geel, Belgium.
AFCP also said it has transitioned the company’s chief operating officer Jo Verstappen to be managing director of FCP NV to complete the development and commercialization of its fuel cells.
“Alkaline Fuel Cell Power is proud to announce the unveiling of the prototype of our much-anticipated alkaline fuel cell system,” AFCP chief executive officer Frank Carnevale said in a statement.
“We are now transitioning to the commercialization phase, and recent pilot announcements demonstrate our abilities to speed up growth in markets for our fuel cells. I’m also excited that Mr. Jo Verstappen, my COO, has transitioned to managing director of our fuel cell business to deliver our fuel cells globally,” he added.
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AFCP said PWWR, its combined heat and power (CHP) division, will unveil the fuel cell name during the launch event, will highlight the full functionality of the prototype system and provide a demonstration of its capabilities as a safe, renewable and reliable solution for power generation for both residential and commercial buildings. The presentation will also address how the system has utility for off-grid and peak power applications.
Pursuing innovation
PWWR has been working to optimize innovation for hydrogen-powered fuel cells that operate in an alkaline environment. As a result, its technology requires fewer components compared to conventional fuel cells and also eliminates the need for expensive, precious metals such as platinum, which have traditionally been required in the electrodes. These systems will, therefore, be more cost-effective to build and offers a competitive advantage over existing systems.
PWWR’s planned commercialized units include the micro-combined heat and power (micro-CHP) assets, and the off-grid and back-up power generators (fuel cell generators) systems. PWWR’s prototype launch of this 4 kilowatt alkaline fuel cell unit marks an important milestone for the company and brings PWWR closer to offering its cleantech solutions to a global market.
AFCP offers a diversified growth platform for investors through the development of affordable, renewable, and reliable energy assets and cleantech. Its portfolio includes stable revenue streams from energy-efficient and cost-effective PWWR Flow combined heat and power (CHP) assets, along with a future-forward vision to commercialize its micro-CHP systems and off-grid and back-up power generators based on advanced alkaline fuel cell technology that generates zero CO2 emissions.
Contact the author at jon.hopkins@proactiveinvestors.com