REG - AFC Energy Plc - Methanol Fuel Tower Field Trial

AFC EnergyAnnouncement

07/11/2022 07:00

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RNS Number : 4372F  AFC Energy Plc  07 November 2022

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7 November 2022

 

 

AFC Energy PLC

("AFC Energy" or the "Company")

 

Methanol Fuel Tower Field Trial

 

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation
technologies, is pleased to provide an update on the development of its "flex
fuel" methanol development and methanol Fuel Tower concept line.

 

Highlights

 

·      Successful field trial of first prototype Methanol Fuel Tower
with ACCIONA in Spain

·      The short field trial saw the Methanol Fuel Tower successfully
generate on-site hydrogen from methanol

·      Hydrogen generated from the methanol Fuel Tower fuelled AFC
Energy's Power Tower, powering ACCIONA's site compound at Alcalá del Valle

·      AFC Energy's new methanol Fuel Tower operated for over 100
continuous hours alongside fuel cell platforms before shipment to Spain

Methanol and Ammonia are now recognized as important hydrogen carrier fuels
that support the decarbonisation of hard to abate industries.  The on-site
liberation of hydrogen from carrier fuels provides the basis for the
accelerated adoption of AFC Energy fuel cells and the generation of
sustainable off grid power in locations where hydrogen is uneconomic to
transport or store.

Following several months of development work, AFC Energy is now pleased to
announce the successful field trial of its first prototype methanol Fuel
Tower, generating on-site hydrogen from methanol.  The Fuel Tower consists of
methanol handling systems, fuel reformation and purification technologies,
control and safety electronics with discreet intellectual property developed
across several of these areas.

The field trial was conducted in Spain in collaboration with and at the
request of one of AFC Energy's construction partners, ACCIONA.  During the
trial, the methanol Fuel Tower provided hydrogen to fuel cell modules within
the AFC Energy Power Tower that has been successfully operating to displace
diesel generators at the construction site's compound since August 2022.

The methanol Fuel Tower concept has already operated for over 100 continuous
hours fueling AFC Energy's fuel cell platforms.  These initial tests were
undertaken at AFC Energy's UK technical centre.  The concept is aligned with
AFC Energy's Flex Fuel approach to meeting industry's need for low cost, on
site hydrogen production across construction, temporary power, backup power
and maritime sectors.

The Company is now engaging with industry to validate the product concept as
part of AFC Energy's wider Flex Fuel strategy.

 

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

"ACCIONA aims to be at the forefront of the construction industry's transition
to a net zero future.  As part of those efforts to decarbonize our business
activities, we have been running a long-term field trial of an AFC Energy
Hydrogen Power Tower fuel cell in one of our construction sites in Spain.
One of the challenges for the construction industry is the transportation to
and storage of Hydrogen on site. The methanol Fuel Tower will help enable us
to overcome those challenges and fully utilise the potential for this
technology across all of our construction sites."

 

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

 

"Today's announcement is an important step forward in the design and delivery
of AFC Energy's Flex Fuel approach to Hydrogen power generation.  There are
many remote locations where economic supply of hydrogen fuel is not possible
and where hydrogen carrier fuels such as ammonia and methanol will play an
important role to support the

decarbonisation of industry.

 

"We have already seen methanol and ammonia highlighted as key fuels to reduce
reliance on fossil fuels in the maritime sector, and with this week's field
trial of the methanol Fuel Tower with ACCIONA in Spain, we can see further
opportunities for future deployment of systems across the construction and
temporary power sectors of the economy."

 

 

 

 

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 Capital Limited - Joint Broker                            +44 (0) 203 829 5000

 David Foreman / James Hornigold (Investment Banking)

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

 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 "flex fuel" 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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