AFC Energy Plc First Factory Acceptance Test of 30kW Generator
March 11 2024 - 2:00AM
RNS Regulatory News
RNS Number : 2357G
AFC Energy Plc
11 March 2024
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11 March 2024
AFC Energy
PLC
("AFC
Energy" or the "Company")
First Factory Acceptance Test
of 30kW H-Power Generator
AFC Energy (AIM: AFC), a leading
provider of hydrogen power generation technologies, is pleased to
announce the successful Factory Acceptance Test ("FAT") of its
first state-of-the-art 30kW H-Power Generator.
The Company's first 30kW generator
has satisfied all contractual tests and requirements of the FAT
under its contractual agreements with partner, Speedy Hire Plc
("Speedy"), the UK's leading tools and equipment hire services
company. Successfully completing the FAT confirms that the
zero-emission generator is now ready for sale to Speedy Hydrogen
Solutions, our dedicated hydrogen powered generator joint venture.
Subsequent generators are currently in assembly.
Since the establishment of the joint
venture, there has been strong interest confirmed from Speedy's
customers with a growing pipeline established. Additionally, we've
had several site visits from Speedy's national customers to AFC
Energy's head office in recent weeks to introduce our fuel cell
technology and product range. The first exhibition of the new
30kW H-Power Generator will be at Speedy's Live Expo on the
20th and 21st of March 2024.
Adam Bond, Chief Executive at AFC Energy,
said:
"This is a major milestone in the delivery of AFC Energy's
first H-Power Generator to Speedy Hydrogen Solutions. We
continue to see growth in demand for our hydrogen power generators
across the UK and Ireland in partnership with Speedy, as industry
continues to transition away from diesel and strive towards
decarbonising operations for a more sustainable future".
For
further information, please contact:
|
AFC
Energy plc
Adam Bond (Chief Executive
Officer)
|
+44 (0) 14 8327 6726
investors@afcenergy.com
|
|
Peel Hunt LLP - Nominated Adviser and
Joint Broker
Richard Crichton / Tom Ballard /
Georgia Langoulant
|
+44 (0) 207
418 8900
|
|
Zeus - Joint Broker
David Foreman / James Hornigold
(Investment Banking)
Dominic King (Corporate Broking) /
Rupert Woolfenden (Sales)
|
+44 (0) 203 829 5000
|
|
RBC
Capital Markets - Joint
Broker
Matthew Coakes / Teri Su
Eduardo Famini / Jack
Wood
FTI
Consulting - Financial PR Advisors
Ben Brewerton / Tilly Abraham / Evie Taylor
|
+44 (0) 20 7653 4000
+44 (0) 203 727 1000
afcenergy@fticonsulting.com
|
|
|
|
|
|
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About AFC Energy
AFC Energy plc is a leading provider
of hydrogen energy solutions, to provide clean electricity for on
and off grid power applications. The Company's fuel cell technology
is now deployable as electric vehicle chargers, off-grid
decentralised power systems for construction and temporary power
with emerging opportunities across maritime, data centres and rail
as part of a portfolio approach to the decarbonisation of society's
growing electrification needs.
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