REG - AFC Energy Plc - First Factory Acceptance Test of 30kW Generator

AFC EnergyAnnouncement

11/03/2024 07:00

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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 20(th) and 21(st) 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                                                 +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 / Tom Ballard / Georgia Langoulant
 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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