AFC Energy Plc Electrode Order and Fuel Cell Update (4870Y)
December 06 2017 - 1:00AM
UK Regulatory
TIDMAFC
RNS Number : 4870Y
AFC Energy Plc
06 December 2017
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
6 December 2017
AFC Energy PLC
("AFC Energy" or the "Company")
First Commercial Electrode Order by AFC Energy with De Nora and
Fuel Cell Technology Update
AFC Energy (AIM: AFC), the industrial fuel cell power company,
provides an update on its progress towards delivery of a commercial
alkaline fuel cell system.
Highlights
-- First commercial order of cathodes placed by AFC Energy with
Industrie De Nora ("De Nora") to initiate the mass manufacture of
electrode capability and to ensure quality controls are in place to
ensure consistency with smaller scale testing - first delivery
expected by mid-December 2017.
-- Recently completed design refinements and on-going testing of
alkaline fuel cell electrodes with De Nora suggests at least a
12-month electrode longevity at AFC Energy's facilities in Surrey -
achieving the target set for 2017.
-- Scale-up and integration of cathodes designed with De Nora
now achieved, with operational data being collected by AFC Energy
within its fuel cell stack units in Surrey.
-- Final design and drawings for fully revised fuel cell stack
configuration completed, integrating the new cathodes developed
with De Nora, after extensive simulation engineering and
interrogation by our technical teams.
-- Full system demonstration expected by mid-December 2017
incorporating enhanced stack flow plates, cartridge and associated
materials.
During this quarter the Company has been finalising engineering
and design work, incorporating scaled-up integration of the
preferred cathode and anode developed with De Nora for the AFC
Energy fuel cell system. The cathodes delivered under the Joint
Development Agreement with De Nora require slightly different
operating conditions to the AFC Energy cathode which means
adjustments needed to be made to the overall system - a large part
of this work has been completed. The finalised specifications and
drawings were signed off by AFC Energy recently and issued to
fabricators for manufacture.
AFC Energy is now awaiting shipment of materials and parts from
its suppliers to put the new design on test and provide further
evidence in support of the fuel cell's performance and operating
capability against the objectives set for this year. The Company
will now focus on delivery of the fuel cell system in Surrey with
expedited operational results expected before integrating the fuel
cell stacks into AFC Energy's Stade facility in Germany early in
2018.
Adam Bond, CEO of AFC Energy, commented:
"We are pleased to have placed this order with our partner De
Nora, and also with the results of the recent technical
collaboration between teams from Italy, Germany, Japan and the
United Kingdom. Importantly, all parties continue to believe there
is scope for material improvements to further enhance fuel cell
performance going forward."
For further information, please contact:
AFC Energy plc
Adam Bond (Chief Executive Officer) +44 (0) 20 3697 1209
Cantor Fitzgerald Europe - Nominated Adviser and Joint Broker
Andrew Craig
Richard Salmond +44 (0) 20 7894 7000
M C Peat & Co LLP - Joint Broker
Charlie Peat +44 (0) 20 7104 2334
Lionsgate Communications - Public Relations
Jonathan Charles +44 (0) 20 3697 1209
About AFC Energy
AFC Energy plc has developed and successfully demonstrated an
alkaline fuel cell system, which converts hydrogen into "clean"
electricity. AFC Energy's key project POWER-UP demonstrated the
world's largest operational alkaline fuel cell system at Air
Products' industrial gas plant in Stade, Germany. The Company is
now looking to build upon an already established pipeline of
commercial opportunities and drive the findings from the
development phase of the technology into a technically optimised
and commercially relevant fuel cell system. For further
information, please visit our website: www.afcenergy.com
This information is provided by RNS
The company news service from the London Stock Exchange
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