REG - AFC Energy Plc - ACCIONA’s First 45kVA H-Power Generator

AFC EnergyAnnouncement

01/08/2024 07:00

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RNS Number : 6732Y  AFC Energy Plc  01 August 2024

 

 

1 August 2024

 

 

AFC Energy PLC

("AFC Energy" or the "Company")

 

 

ACCIONA's First 45kVA 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") and validation of its first 45kVA H-Power Generator.

 

The H-Power Generator left AFC Energy's offices this week and is scheduled to
arrive shortly for deployment at an ACCIONA construction site in Madrid,
Spain,

 

Comprising AFC Energy's latest generation 30kW S Series fuel cell generator
plus a harmonized 60kWh battery storage unit ("BSU"), the first generator
system is to be leased to ACCIONA to support the decarbonisation of
construction activities with an option to purchase at the conclusion of the
lease.

 

Miguel Paris Torres, Head of Area at ACCIONA's Construction Business R&D
Centre, said:

 

"ACCIONA has set high ambitions to decarbonise its construction business over
an aggressive timescale and the displacement of diesel engines from sites is a
key element of that strategy.  I have witnessed first-hand the significant
steps taken by AFC Energy in delivering its latest H-Power Generator from our
initial field trials of the H-Power Tower nearly two years ago and believe the
system is now ready for on-site deployment.  We continue to see hydrogen as a
significant pillar of our decarbonisation strategy and believe our partnership
with AFC Energy will see growing opportunities to displace diesel on sites
with hydrogen power generation starting this year."

 

Adam Bond, Chief Executive at AFC Energy, said:

 

"ACCIONA is a key partner of AFC Energy and a leading proponent of investment
into a decabonsied construction industry.  Since our H-Power Tower
deployments in Spain nearly two years ago, we have continued to work closely
with ACCIONA to understand where engineering optimisation can be achieved to
enhance the operability of the generator at international construction
sites.  I particularly wish to thank Miguel for his continued support and
involvement in the design and specification of AFC Energy's H-Power
Generator."

 

 

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) 207 418 8900

 Richard Crichton / Georgia Langoulant / Brian Hanratty
 Zeus - Joint Broker                                            +44 (0) 203 829 5000

 David Foreman / James Hornigold (Investment Banking)

 Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)

 RBC Capital Markets - Joint Broker                             +44 (0) 20 7653 4000

 Matthew Coakes / Teri Su

 Eduardo Famini / Jack Wood

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

 Ben Brewerton / Tilly Abraham / Evie Taylor                    afcenergy@fticonsulting.com (mailto:afcenergy@fticonsulting.com)

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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