REG - AFC Energy Plc - New Product Launch

AFC EnergyAnnouncement

19/03/2025 07:00

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RNS Number : 1979B  AFC Energy Plc  19 March 2025

 

19 March 2025

AFC Energy PLC

("AFC Energy" or the "Company")

New Product Launch

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation
technologies, announces the launch of "Hy-5" through its Hyamtec brand, the
world's first containerised, portable, cracking module capable of producing up
to 500kg/day for delivery from 2026.

Hy-5 will be offered as a "plug and play" under a "fuel as a service" (FaaS),
with the headline cost of hydrogen, on-site, charged at £10/kg*.  This is
substantially below prevailing market rates including those attracting
government subsidies.

Hy-5 will provide hydrogen purity >99.9% to ISO14687 grade D with <0.1%
ppm of ammonia in the feed stream, making this compatible with AFC Energy S
and S+ series hydrogen fuel cell generators, with a power consumption
<9.5kWh/kg.

This provides market opportunities across multiple verticals:

-     H2 fuel for off-grid power (e.g. fuel cell generators);

-     H2 refuelling stations for fuel cell/H2 combustion engine buses,
trucks, vans;

-     H2 refuelling for construction equipment (e.g. excavators and mining
trucks);

-     Off-grid EV charging (with a fuel cell generator);

-     Industrial burners (for heat used in industrial applications);

-     Industrial manufacturing facilities (e.g. refining, steel, cement,
ceramics, glass, chemicals production, e-fuels production); and

-     H2 supply for hydrogen fuel logistics companies.

Ammonia is currently used and transported at scale around the world, providing
Hy-5 with global opportunities.

Hy-5 (together with ammonia supply vessels) provides a highly compact,
self-contained footprint for hydrogen generation. It does not require a grid
supply or renewable energy power source (e.g. a wind farm/solar farm) as is
required for supply of energy to electrolysers which, if built from scratch,
would likely require land, planning consent, grid connection, additional
environmental permits, potentially requiring material capex and relatively
lengthy timescales (e.g. lead-time on consents and permitting, equipment
supply, construction and commissioning, dependent on the scope of the
project).

John Wilson, Chief Executive of AFC Energy, said:

 "Lack of infrastructure and the high cost of hydrogen production are seen as
the biggest challenges to scaling the hydrogen industry.  With the launch of
Hy-5, AFC Energy has removed these, launching on-site supply at a market
disruptive price point."

*delivery, training, minimum term and take or pay provisions apply.

For further information, please contact:

 

 AFC Energy plc                                                 +44 (0) 14 8327 6726

 John Wilson (Chief Executive Officer)                          investors@afcenergy.com (mailto:investors@afcenergy.com)

 Karl Bostock (Chief Financial Officer)

 Peel Hunt LLP - Nominated Adviser and Joint Broker             +44 (0) 207 418 8900

 Richard Crichton / Georgia Langoulant / Emily Bhasin
 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 / Chris Laing / Evie Taylor                      afcenergy@fticonsulting.com (mailto:afcenergy@fticonsulting.com)

 

 

About AFC Energy

 

AFC Energy plc is a leading innovator in hydrogen-based power and ammonia
cracking solutions, delivering clean energy for on-grid and off-grid
applications. The Company's hydrogen fuel cell technology provides a
sustainable alternative to diesel power generation, supporting electric
vehicle charging, decentralised power systems for construction, and temporary
power needs. AFC Energy is also exploring new opportunities across maritime,
data centres, and rail, driving the decarbonisation of growing electrification
demands.

 

The Company's subsidiary, Hyamtec, is commercialising proprietary ammonia
cracking technology to unlock new opportunities in distributed hydrogen
production. This includes hydrogen refuelling, natural gas displacement for
industrial processes, and hydrogen combustion engine conversions. Hyamtec's
solutions are designed to meet the decarbonisation needs of industries such as
mining, cement, asphalt, power generation, and heavy engineering, supporting
the global transition to clean energy.

 

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