RCS - AFC Energy Plc - Urban Air Port Update

AFC EnergyAnnouncement

28/04/2022 11:30

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RNS Number : 7209J  AFC Energy Plc  28 April 2022

Thursday 28 April 2022

Press release

 

AFC Energy plc

("AFC Energy" or "the Company")

 

AFC Energy Hydrogen Fuel Cell Deployed at the Global Launch of the World's
First Urban-Air Port

 

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation
technologies, is pleased to announce that one of its hydrogen fuel cells is
being showcased at Air One - the world's first fully operational Urban-Air
Port, situated in Coventry, which opened last week.

 

The hydrogen fuel cell being supplied by the Company is being used to charge
Air One's fleet of EV service vehicles. This follows the Collaboration
Agreement AFC Energy signed with Urban-Air Port Limited in September
2021.

 

Urban-Air Port is a leading UK designer, developer, manufacturer and operator
of innovative ground, air and digital infrastructure for the growing demand in
autonomous cargo drones and electric Vertical Take-Off and Landing (eVTOL)
passenger vehicles.

 

Urban-Air Port's "Air-One" site in Coventry is the world's first fully
operational hub for eVTOL aircraft - as it demonstrates how sustainable urban
air mobility can reduce congestion, cut air pollution and decarbonise
transport.

 

In addition to exhibiting the hydrogen fuel cells charging the Air One EV
service vehicles, AFC Energy also showcased its recently launched autonomous
'Power Tower' EV charging system. As outlined in the announcement dated 7
April 2022, the Power Tower is an energy dense, yet highly efficient off-grid
power solution designed to help combat the infrastructure challenges facing EV
charging. The charging solution can be installed on a temporary or permanent
basis and is aimed at helping vehicles where grid connectivity is not viable.

 

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.  In partnership with
Supernal, Urban-Air Port plans to develop 200 vertiports worldwide over the
next 5 years, adopting sustainable energy solutions.

 

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

 

"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.  This aligns
with our commitment to eradicate the use of diesel generation in grid
constrained environments, and we look forward to expanding our partnership
with Urban-Air Port."

 

Adrian Zanelli, Chief Executive Officer of Urban-Air Port Ltd, said:

 

"AFC Energy are creating the zero-emission off-grid power solutions of the
future, their vision and execution in this field is unmatched, making them a
perfect partner for Urban-Air Port. We're proud to have AFC Energy alongside
us providing clean green off-grid power at our Air One demonstration of the
world's first operational vertiport."

 

-ENDS-

 

For further information:

 

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

 Ben Brewerton / Nick Hennis / Dhruv Soni    afcenergy@fticonsulting.com (mailto:afcenergy@fticonsulting.com)

 

 

About AFC Energy

AFC Energy plc is commercialising scalable "fuel flexible" 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.

 

To visit the AFC Energy website, go to: www.afcenergy.com
(http://www.afcenergy.com)

 

 

About Urban-Air Port Limited

Urban-Air Port Limited designs, develops, manufactures, sells and operates
ground, air and digital infrastructure for new forms of sustainable urban air
transport such as air taxis and autonomous delivery drones. Its mission is to
remove the largest single constraint to sustainable air mobility - ground
infrastructure - In order to create a zero-emission-mobility ecosystem that
will significantly cut congestion and air pollution from passenger and cargo
transport. Urban-Air Port is recognised as a world leader in the Advanced Air
Mobility sector, with plans to deliver over 200 vertiports across the world in
the next five years.

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