RCS - AFC Energy Plc - ACCIONA Power Tower Deployment

AFC EnergyAnnouncement

03/10/2022 07:00

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RNS Number : 4546B  AFC Energy Plc  03 October 2022

3 October 2022

AFC Energy PLC

("AFC Energy" or the "Company")

 

ACCIONA Power Tower Deployment

 

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation
technologies, is pleased to provide an update on the status of the Company's
fuel cell field deployment in Spain with partner, Construcción Acciona
("ACCIONA").

Highlights

·      First "S" Series Power Tower successfully deployed in mid-August
with partner ACCIONA in Spain.

 

·      The Power Tower has now fully replaced diesel generators at the
road construction site north of Cadiz.

 

·      Independent validation by ACCIONA confirms more than 400kWhs of
zero emission power has been generated since mid-August 2022.

 

·      Completed 300 hours of operation to date with an avoided 1.8m
tonnes of CO2 from entering the atmosphere (versus diesel).

 

·      Delivered effective "load following" to meet the variable power
needs of the construction site.

 

·      Operational experience has identified further system cost
reduction potential and improved operational robustness and reliability.

 

·      Operated in a wide range of operating conditions demonstrating
the capability of the "S" Series Fuel Cells.

 

·      Confirmed by ACCIONA as one of the first times such zero emission
hydrogen technology has been deployed on a European construction site.

 

·      Product built and commissioned at AFC Energy's newly refurbished
Surrey facility.

 

 

Adam Bond, Chief Executive Officer at AFC Energy, said: "Our focus on the
decarbonisation of the global construction and temporary power markets is
critical if we are to deliver on our sustainability targets and mitigate the
long term effects of climate change.  Working with partners such as ACCIONA,
we continue to highlight the role hydrogen is playing in meeting our
targets.  ACCIONA is at the vanguard of efforts to decarbonise the
construction site and we are thrilled to see their validation of the ongoing
success achieved in our first "S" Series fuel cell deployment of the new Power
Tower fuel cell series.  The Power Tower, configured as a stand-alone or
modular, scalable system can deliver zero emission power when needed to
support industry's transition away from pollutant diesel generators."

 

 

For further information, please contact:

 AFC Energy plc                                                 +44 (0) 14 8327 6726

 Adam Bond (Chief Executive Officer)                            investors@afcenergy.com (mailto:investors@afcenergy.com)
 Peel Hunt LLP - Nominated Adviser and Joint Broker             +44 (0) 20 7418 8900

 Richard Crichton / Tom Ballard / Georgia Langoulant
 M C Peat & Co LLP - Joint Broker                               +44 (0) 20 7104 2334

 Charlie Peat
 Zeus - Joint Broker

 Daniel Harris / James Hornigold (Investment Banking            +44 (0) 203 829 5000

 Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)
 FTI Consulting - Financial PR Advisors                         +44 (0) 203 727 1000

 Ben Brewerton                                                  afcenergy@fticonsulting.com (mailto:afcenergy@fticonsulting.com)

 

About AFC Energy

AFC Energy plc is commercialising scalable alkaline fuel cell systems, 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 data centre
applications with emerging opportunities across maritime and rail as part of a
portfolio approach to the decarbonisation of local electricity needs.

 

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