TIDMAFC
AFC Energy Plc
16 September 2021
Reach announcement - non regulatory
16 September 2021
AFC Energy plc
("AFC" or the "Company")
Urban-Air Port Partnership with First Hydrogen Fuel Cell
Deployment Planned for 2022
AFC Energy (AIM: AFC), a leading provider of hydrogen power
generation technologies, is pleased to announce the signing of a
Hydrogen Fuel Cell Supply and Collaboration Agreement with partner,
Urban-Air Port Limited ("Urban-Air Port").
Highlights
-- Urban-Air Port is a leading UK designer, developer and
operator of innovative ground infrastructure for the growing demand
in autonomous airborne drones and electric take-off and landing
("eVTOL") passenger vehicles.
-- In partnership with Hyundai Motor Group announced today,
Urban-Air Port plans to develop 65 electric urban air ports
worldwide, adopting sustainable energy solutions.
-- AFC Energy to lease a zero emission hydrogen power generator
to Urban-Air Port's world first deployment, "Air-One", in Coventry,
to support the power needs of vehicle charging infrastructure.
-- "Air-One" is the first of more than 200 discreet sites
identified for prospective development by Urban-Air Port in the
next five years.
-- Urban-Air Port and AFC Energy will evaluate the deployment
opportunities of zero emission, hydrogen fuelled off-grid power to
future sites within the portfolio of projects under
development.
AFC Energy and Urban-Air Port today announces its partnership to
provide zero emission off-grid power solutions for Urban-Air Port's
innovative ground infrastructure, designed to accommodate the
growing autonomous drone and eVTOL passenger vehicle worldwide
markets.
Urban-Air Port's philosophy is to design integrated sustainable
transport hubs with a decarbonised ethos at their centre that, in
addition to airborne vehicles, will accommodate electric vehicles
(EVs), buses and scooters. Their unique modular and compact hub
design facilitates airport deployment in urban centres, whilst also
being ideal for disaster emergency relief.
Urban-Air Port's "Air-One" site - its world first fully
operational hub for eVTOL aircraft - will be unveiled in Coventry
City Centre in early 2022 to showcase how sustainable urban air
mobility can reduce congestion, cut air pollution and decarbonise
transport.
As part of "Air-One", AFC Energy will be providing a fully
operational hydrogen fuel cell system, on a lease basis for three
weeks, enabling clean power generation and charging onsite. This
combination of technology solves the problem of affordable, green
offgrid power, enabling advanced air mobility from more sites,
reducing travel times of goods and services, whilst cutting
greenhouse gas emissions.
In addition to "Air-One", Urban-Air Port, in partnership with
the Urban Air Mobility Division of Hyundai Motor Group, plan to
develop 65 electric urban airports worldwide to meet growing demand
for e-Mobility in the aviation sector. This partnership forms a key
part of Urban-Air Port's plan to build 200 sites globally in the
next five years.
Under the terms of the Collaboration Agreement, Urban-Air Port
and AFC Energy will look to expand their partnership to support a
wider integration of sustainable power systems within the Urban-Air
Port hub ecosystem in grid absent or constrained environments.
Ricky Sandhu, Founder and Executive Chairman - Urban Air Port
Ltd, said "Zero emission, off-grid power is a critical component of
our offering at Urban-Air Port and AFC Energy are the perfect
partner to provide that capability with their world leading
Hydrogen Fuel Cell technology. We're delighted to have them at Air
One and eagerly anticipate expanding the partnership to deliver
clean, green, off-grid power to the future of air mobility."
Adam Bond, Chief Executive Officer at AFC Energy, said
"Urban-Air Port's aspiration to establish a global network of urban
airports and unlock clean air mobility worldwide affirms its
disruptor qualities within the eVTOL and autonomous aircraft space.
With a commitment to the eradication of diesel generation in grid
constrained environments, AFC Energy is pleased to be partnering
with Urban-Air Port in support of its bold vision to decarbonise
air and ground based transportation through its modular hub
ecosystems in both dense urban and remote locations. We look
forwards to seeing our fuel cell in full operation at Air-One in
Coventry in 2022".
-ENDS-
For further information:
AFC ENERGY AND ADVISORS
AFC Energy plc
Adam Bond (Chief Executive Officer) +44 (0) 14 8327 6726
Iain Thomson (Head of Communications and investors@afcenergy.com
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 a leading provider of hydrogen fuel cell power
systems to generate clean energy in support of the global energy
transition.
Based in the UK, the Company's scalable systems provide
off-grid, zero emission power that are already being deployed for
rapid electric vehicle charging and the replacement of diesel
generators for temporary power applications.
AFC Energy is also working with global partners in the
deployment of products for the Maritime, Ports, Data Centres and
Rail industries, emphasising the central role of its technology in
the decarbonisation of global industry.
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END
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