TIDMAFC

AFC Energy Plc

24 May 2021

Reach announcement

24 May 2021

AFC Energy PLC

("AFC Energy" or the "Company")

AFC Energy and Extreme E showcase hydrogen fuel cell technology to HRH The Duke of Cambridge

AFC Energy plc (AIM: AFC), a leading provider of hydrogen power generation technologies, was honoured to showcase its zero-emission hydrogen fuel cell technology to His Royal Highness The Duke of Cambridge alongside Extreme E at the Knockhill race circuit in Scotland on Saturday 22(nd) May.

A copy of Extreme E's official release is attached to this announcement and can also be found at https://www.extreme-e.com/en/news/270_HRH-The-Duke-of-Cambridge-goes-electric-with-Extreme-E.html .

-S-

For further information:

 
 
  AFC ENERGY AND ADVISORS 
   AFC Energy plc                              +44 (0) 14 8327 6726 
    Adam Bond (Chief Executive Officer)         investors@afcenergy.com 
    Iain Thomson (Head of Communications and 
    Stakeholder Management) 
   FTI Consulting - Financial PR Advisors      +44 (0) 203 727 1000 
    Sara Powell / Ben Brewerton                 afcenergy@fticonsulting.com 
                                              ----------------------------- 
 

About AFC Energy plc

AFC Energy plc is commercialising a scalable alkaline fuel cell system, to provide clean electricity for on and off grid applications. The technology, pioneered over the past twelve years in the UK, is now deployable in electric vehicle chargers, off-grid decentralised power systems and industrial gas plants as part of a portfolio approach to the decarbonisation of local electricity needs.

HRH THE DUKE OF CAMBRIDGE GOES ELECTRIC WITH

EXTREME E

23 May 2021, London: His Royal Highness Prince William was given a masterclass in electric racing today at Knockhill Racing Circuit, Scotland, with Extreme E, the pioneering, purpose-driven series using sport to highlight global climate change issues.

The test drive was organised ahead of COP 26, which takes place in Glasgow later this year, as The Duke and Duchess of Cambridge are visiting innovative projects in Scotland during High Commissioner's Week which aim to positively turn the dial on the climate emergency.

As well as understanding more about the series' electrification, environment and equality background, the visit provided an opportunity for Prince William to take a look at Extreme E's hydrogen fuel cell - created in collaboration with British-based AFC Energy - which charges its electric race fleet using zero emission energy.

Prince William was hosted by Extreme E CEO and Founder Alejandro Agag, a driving force behind the electric motorsport revolution, Adam Bond, CEO of AFC Energy, along with members of two of Extreme E's British teams; George Imafidon, a Junior Engineer on Lewis Hamilton's X44 team; and driver Catie Munnings, who races for the Andretti United team, who was on hand to show the Prince how to get the best out of the series' electric race vehicle.

Alejandro Agag, Founder and CEO of Extreme E said: " It was a great honour for Extreme E to host Prince William at Knockhill today. It was a fantastic opportunity for us to show him the ways in which we are working towards the same shared goals around a lower carbon future for our planet.

"I think he really enjoyed his experience behind the wheel of the ODYSSEY 21, under the expert instruction of Catie. Perhaps a guest racing appearance in Extreme E beckons in the future!"

Adam Bond, CEO of AFC Energy said: " It was a true pleasure today to host one of the world's leading climate ambassadors, His Royal Highness Prince William to demonstrate first-hand the role Hydrogen and Fuel Cells can play in supporting the world's Net Zero aspirations.

"The environment is a key pillar for our sustainable future and to this end, it was a privilege to showcase how AFC Energy and Extreme E are partnering to deliver not only a world first off-grid charging solution for the inaugural all-electric motorsport series, but more importantly, how this one series is quickly defining a new standard for all industry in its transition away from diesel generation."

The AFC Energy fuel cell innovation is just one of a selection of technologies utilised by the sport for purpose series with the aim to run the most sustainable motorsport championship possible, and also fits with the spirit of The Earthshot Prize, a global environmental prize

founded by Prince William in October 2020, which aims to discover and scale the best solutions to help repair our planet over the next 10 years.

Inspired by President Kennedy's 'moonshot', The Earthshot Prize is based on five simple but ambitious 'Earthshot' goals - protect and restore nature, clean our air, revive our oceans, build a waste-free world, and fix our climate - which, if achieved by 2030, will repair the planet before irreversible damage occurs and improve life for us all. Starting this autumn and every year until 2030, The Earthshot Prize will be awarded to five winners, one per Earthshot, whose innovative solutions make the most progress towards these goals to repair the planet, help protect those most vulnerable to the changing climate, and create a healthier, cleaner and better life for us all.

The two organisations are also working with Count Us In to inspire people to make pledges to take steps to reduce their carbon footprint such as walking and cycling more, eating more plant-based foods and even purchasing an electric vehicle. The Extreme E Count Us In Challenge culminates at the end of the year with the Sustainability Award which is given to the team that has the most fans taking steps to lead a less carbon intensive lifestyle.

Not only does the series have big climate crisis awareness ambitions, it is also the first motorsport series in the world to have a fully gender equal sporting format, with it built into the rules that each team must field a male and a female driver. Both drivers compete a lap each in every race, as a driver switch is incorporated at the end of the first lap.

Catie Munnings, who competes for the Andretti United Extreme E team, which finished on the podium in last month's Desert X Prix, said: " Today will certainly be one of those days that I won't forget in a hurry! It was an absolute honour to meet The Duke of Cambridge and to teach him about the ODYSSEY 21 and some of the key attributes of these incredible machines. Prince William grasped the basic skills quickly and seemed very at ease with driving electric vehicles, maybe my Andretti United team-mate Timmy [Hansen] should be feeling a little threatened!

"Sustainability is a central messaging pillar of Extreme E and with the Earthshot Prize, it's fantastic to see that we are all working towards a common goal of a cleaner, more environmentally-friendly future."

George Imafidon is a Junior Engineer for Sir Lewis Hamilton's Extreme E team, X44, and a Commissioner on The Hamilton Commission, a standalone research project set up last year by the Seven Time Formula One World Champion in partnership with the Royal Academy of Engineering, that is working to improve the representation of Black people in UK motorsport.

George Imafidon said: "It was an honour to be at the event today and to meet His Royal Highness, Prince William. As a recent engineering graduate myself, it's incredible to see how the motorsport world is responding to the climate crisis, something my generation in particular cares deeply about. To have His Royal Highness here today just shows the

ambition of Extreme E in making a positive difference to the planet, and I'm incredibly proud to be a part of it through my team, X44."

The Ocean X Prix -the second event in Extreme E's inaugural season takes place next weekend (29-30 May) at Lac Rose in Dakar, Senegal and is available to watch through a variety of global broadcasters including ITV, BBC online, Sky Sports and BT Sport in the UK.

To learn more about Extreme E, visit - www.Extreme-E.com

S

For more information on Extreme E, please contact:

Extreme E Communications:

Julia Fry, Head of Communications

E: media@extreme-e.com / +44 7778 108754

Carla Corbet, MPA Creative

   E: carla.corbet@mpacreative.com   / +44 7944 077440 

Bettina Eichhammer, MPA Creative (Germany, Austria, Switzerland, Middle East)

   E: bettina.eichhammer@mpacreative.com   / +49 175 4169693 

Diego Bustos, BE Mass Media (Latin America -including Brazil-, US Hispanics , Spain, Portugal)

E: diego.bustos@bemassmedia.com / +569-8829-9138 or +1-660-847-4645

Please visit the Extreme E media centre to access images, videos and press releases: https://www.extreme-e.com/en/mediacentre

NOTES TO EDITORS

About Extreme E:

Extreme E is a radical new racing series, which will see electric SUVs competing in extreme environments around the world which have already been damaged or affected by climate and environmental issues. The five-race global voyage highlights the impact of climate change and human interference in some of the world's most remote locations and promotes the adoption of electric vehicles in the quest for a lower carbon future for the planet.

To minimise local impact, Extreme E races will not be open to spectators, with fans instead invited to follow the action through live TV broadcast, and on social media.

The St. Helena, a former passenger cargo ship, has undergone a multi-million Euro refit to minimise emissions and transform her into Extreme E's operations hub. The ship will be

used to transport the championship's freight and infrastructure, including vehicles, to the nearest port, minimising Extreme E's footprint, as well as being used to facilitate scientific research through its on-board laboratory.

Extreme E is also pioneering hydrogen fuel cell technology which will enable its race fleet to be charged using zero emission energy. This innovative solution from AFC Energy uses water and sun to generate hydrogen power. Not only will this process emit no greenhouse emissions, its only by-product will be water, which will be utilised elsewhere on-site.

Season 1 Calendar:

Desert X Prix: AlUla, Saudi Arabia

3-4 April 2021

Ocean X Prix: Lac Rose, Senegal

29-30 May 2021

Arctic X Prix: Kangerlussuaq, Greenland

28-29 August 2021

Amazon X Prix: Par á , Brazil

23-24 October 2021

Glacier X Prix: Tierra del Fuego, Argentina

11-12 December 2021

About The Earthshot Prize:

The Earthshot Prize is a new global prize for the environment, launched in October 2020 by Prince William and The Royal Foundation, designed to incentivise change and help to repair our planet over the next ten years. The Prize is backed by The Earthshot Prize Council , a global team of influential individuals, who will be responsible for awarding The Earthshot Prize every year from 2021 until 2030.

About Continental Tires: Founding Partner and Official Tire Partner

Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent, and affordable solutions for vehicles, machines, traffic and transportation. Continental generated preliminary sales of EUR37.7 billion in 2020 and currently employs more than 235,000 people in 58 countries and markets. In 2021, the company celebrates its 150th anniversary.

The Tires business area has 24 production and development locations worldwide. Continental is one of the leading tire manufacturers with more than 56,000 employees and posted preliminary sales of EUR10.2 billion in 2020 in this business area. Continental ranks among the technology leaders in tire production and offers a broad product range for passenger cars, commercial and special-purpose vehicles as well as two-wheelers. Through continuous investment in research and development, Continental makes a major contribution to safe, cost effective and ecologically efficient mobility. The portfolio of the Tires business area includes services for the tire trade and fleet applications, as well as digital management systems for tires.

About CBMM: Founding Supplier

CBMM is the world leading supplier of niobium products and technology. Headquartered in

Brazil, with offices and subsidiaries in China, Netherlands, Singapore, Switzerland and the United States. CBMM offers technical innovation to customers around the globe through a team of over 2,000 highly trained, dedicated professionals providing cutting-edge niobium products and technology to over 400 clients in around 40 countries.

About LuisaViaRoma:

Defined by the Financial Times as "A haven for directional fashion," LUISAVIAROMA.COM is the top online luxury fashion destination with 5,000,000 visitors per month and worldwide shipping. With each new season, the website presents the collections of more than 600 established designers and young emerging talents.

About Zenith: Official Timekeeper and Founding Partner

Zenith exists to inspire individuals to pursue their dreams and make them come true - against all odds. Since its establishment in 1865, Zenith became the first watch manufacture in the modern sense of the term, and its watches have accompanied extraordinary figures that dreamt big and strived to achieve the impossible - from Louis Blériot's history-making flight across the English Channel to Felix Baumgartner's record-setting stratospheric free-fall jump. Zenith is also highlighting visionary and trailblazing women - past and present - by celebrating their accomplishments and creating in 2020 its first-ever collection dedicated entirely to them, Defy Midnight.

With innovation as its guiding star, Zenith features exceptional in-house developed and manufactured movements in all its watches. Since the creation of the El Primero in 1969, the world's first automatic chronograph calibre, Zenith has gone on to master fractions of the second with the Chronomaster Sport and its 1/10th of a second precision and the DEFY 21 with a precision of 1/100th of a second. Zenith has been shaping the future of Swiss watchmaking since 1865, accompanying those who dare to challenge themselves and break barriers. The time to reach your star is now.

About Allianz: Founding Partner and Official Insurance Partner

The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world's largest investors, managing around 790 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.7 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.

About Neat Burger: Official Plant-based Partner

Neat Burger is the first of its kind - the planet-friendly, plant-based, full-flavoured game-

changer the world has been waiting for. The world's first plant-based sustainable burger chain, Neat Burger offers a menu that appeals to not only those who follow plant-based diets, but anyone, meat-eaters included, who wants to eat delicious meat-free dishes that are more sustainable, healthier and ethical. The brand is backed by seven-time FIA Formula One World Champion Lewis Hamilton, in collaboration with hospitality organisation The Cream Group and investors, as well as UNICEF Ambassador and early backer of Beyond Meat Tommaso Chiabra.

Neat Burger opened its first site in September 2019, just off Regent Street in London, and its second and third dine-in outlets at Camden Market and Soho in 2020. Plans for global expansion across Europe, the US and Middle East are already in place for 2021 and beyond.

About EY: Official Innovation Partner

EY is a global leader in assurance, tax, strategy, transaction and consulting services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

About INTERprotección: Official Insurance Broker

INTERprotección is composed of a group of Mexican insurance, reinsurance and surety bond brokerage companies. With global presence and recognition, INTERprotección has more than 40 years of experience in management and comprehensive risk consulting in the Mexican market. Its business model is focused on bringing the client to the forefront and offering them the best service through innovative and disruptive products, more recently with its new brand inter.mx , its insurance digital platform that is transforming the insurtech game.

Follow INTERprotección on YouTube , Facebook and Twitter   @I NTERproteccion 

About XITE ENERGY: Official Energy Drink Supplier

XITE ENERGY was founded by Oliver Bennett and Megan Jones straight out of university two years ago. XITE brings disruptive innovation within the beverage industry; a new frontier to energy drinks. Designed around functionality but with no limitations on health, XITE ENERGY uses functional ingredients that are fused together to provide a cognitive boost, combining natural flavours, natural caffeine and zero sugar.

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