RCS - AFC Energy Plc - Extreme E Mid-Season Update

AFC EnergyAnnouncement

27/09/2021 07:00

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RNS Number : 9647M  AFC Energy Plc  27 September 2021

Reach announcement - non regulatory

27 September 2021: 7am

 

 
AFC Energy plc
 

("AFC" or the "Company")

 

Extreme E Mid-Season Update

 

AFC Energy (AIM: AFC), a leading provider of Hydrogen power generation
technologies, is pleased to provide a mid-season update on the performance of
its zero-emission Hydrogen power generator that has featured in the inaugural
Extreme E all-electric SUV racing series in 2021.

Highlights

·      AFC Energy's Hydrogen power generator has successfully featured
as the primary power source in the charging of Extreme E's ODYSSEY-21 race
vehicles in each of the first three races of the 2021 season.

 

·      The three races to date in Saudi Arabia, Senegal and Greenland
have all exhibited extreme weather conditions that have highlighted the fuel
cell's robust operating performance across a range of environments.

 

·      Green hydrogen has been successfully delivered through AFC
Energy's engineered on-site fuelling system, incorporating micro
electrolysers, multiple mobile solar arrays and hydrogen storage technology.
 

 

·      Operating data from Extreme E deployments are currently
supporting wider partner discussions and future system engineering
iterations.

 

·      Extreme E's platform provides a global reference point for sport
and industries considering the switch to zero-emission Hydrogen power
technology to displace the incumbent use of diesel generators.

 

·      The systems are currently enroute to Extreme E's fourth race in
Sardinia, Island X Prix, on 23-24 Oct 2021.

 

Extreme E and AFC Energy launched their partnership in 2020 with the vision of
defining a zero emission, hydrogen fuelled power generator capable of charging
the inaugural 2021 season's all-electric off road ODYSSEY-21 vehicles.

 

Three races into the 2021 season, this vision has become a successful
reality.

 

The fuel cell system engineered and designed by AFC Energy in collaboration
with Extreme E, has successfully featured in each of the first three races of
the 2021 season, charging race vehicles successfully in Saudi Arabia, Senegal
and Greenland without harmful greenhouse emissions.

 

Transported to each round via Extreme E's floating paddock, the St Helena, the
fuel cell system has operated in a range of challenging climatic conditions
reflective of the desert, arctic and high humidity environments featured in
the race calendar to date.  In addition, the fuel cell has traversed three
continents following thousands of miles of sea and land based travel in its
container housing further highlighting the robustness of the system to
logistics and transportation challenges.

 

The on-site operation of the fuel cell has importantly provided AFC Energy
with valuable operating data that is now being used to inform wider partner
discussions as well as highlighting areas for future development.  Most
recently, the fuel cell and battery storage system successfully integrated
with ENEL-X's first Extreme E deployment of 415V EV chargers in Greenland,
reflecting the system's downstream charging flexibility.

 

System integration is a key market value proposition in the way AFC Energy
collaborates with its partners, and in the case of Extreme E, the Company has
not only shown capability in fuel cell generators, but also in bringing to
fruition a unique onsite green hydrogen generator.  Working with multiple
technologies that include micro electrolysers, metal hydride storage and
mobile solar arrays, AFC Energy has enabled Extreme E to be the world's first
sporting event not only utilising zero emission power generators, but also
generating its own green hydrogen on site for consumption over the race
weekend.

 

Since its launch, Extreme E's global platform has focused on climate awareness
through sustainable motorsport, and how humanity must act now if we are to
mitigate the lasting negative effects of climate change.   Extreme E however
not only seeks to raise awareness, but aims to present solutions through the
showcasing of cutting edge technologies available in the market today which,
through widespread adoption, can go a long way in addressing the long term
effect of climate change on our eco-system.

 

Operation of AFC Energy's genuinely sustainable clean energy system has been
witnessed at each race location by representatives from industry and off-grid
power users seeking to address the evolving transition from diesel fuelled
power, thereby delivering on Extreme E's aspiration of mixing sport with
purpose in order to inspire long term change.

 

AFC Energy's successful global deployment with Extreme E has shown that viable
zero-emission alternatives to the diesel generator already exist for industry
use ahead of the milestone COP26 climate conference in November.

 

Adam Bond, Chief Executive Officer at AFC Energy, said:

"This first of its kind deployment across the world of our Hydrogen power
generator in such high pressure, high-profile extreme environments is an
enormous tribute to all of our staff and partner organisations involved and
shows what can be done today in moving the world to zero-emission
technologies.

"Governments and industries alike are realising that without immediate
investment in genuinely sustainable power technologies, there is little to no
chance of us mitigating the change we are today witnessing in rising global
temperatures and extreme weather events.  AFC Energy's technology and
capability is ready to play a key role in addressing climate change, the most
pressing issue facing the world today."

Alejandro Agag, Founder and CEO of Extreme E said:

"Extreme E's collaboration with AFC Energy means that we are the first event
organiser to have ever used Hydrogen fuel cell power generators for charging
on site at race events. It's one thing to use battery powered cars but how do
you charge them in a completely sustainable way - thanks to AFC Energy, we are
doing just that.

"The technology has already proved to be game changer right from our first
race event in Saudi Arabia in April. As our first location, this was
incredibly challenging for everyone involved - not only were we positioned
completely remotely within the desert of AlUla, no roads, no infrastructure at
all - but it was very hot and there was so much dust which would affect any
sensitive machinery.

"Since then, Extreme E has raced in Senegal and Greenland - you couldn't get
more diverse and remote than those two places - from sand, heat and humidity
on a beach in Lac Rose, to racing next to an Arctic ice cap in Kangerlussuaq.
AFC Energy has managed these situations and kept our cars fully powered. We
are setting the standard for clean fuel provision in any situation - there's
no excuses left for industry to not be 'clean' now, we know it can be done,
we've proved it."

-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 Stakeholder Management)   investors@afcenergy.com (mailto:investors@afcenergy.com)

 FTI Consulting - Financial PR Advisors                             +44 (0) 203 727 1000

 Sara Powell / Ben Brewerton                                        afcenergy@fticonsulting.com (mailto: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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