AFC.L

AFC Energy Plc
AFC Energy Plc - TAMGO Orders First H-Power System  
4th November 2024, 07:05
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RNS Number : 7826K
AFC Energy Plc
04 November 2024
 

 

4 November 2024

 

AFC Energy PLC

("AFC Energy" or the "Company")

 

TAMGO Orders First 45kVA H-Power System   

 

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce an agreement to deploy the first 45kVA H-Power System into Saudi Arabia with its exclusive distributor The Machinery Group LLC, trading as TAMGO (www.tamgo.com). 

 

The 45kVA H-Power System comprises AFC Energy's latest generation S Series 30kW fuel cell generator ("S30"), a harmonized 45kWh battery energy storage system ("BESS"), and a hydrogen pressure reduction station ("PRS").  This first 45kVA H-Power System will be used to complete operational localisation of the unit for usage in Saudi Arabia and to subsequently undertake piloting programs as part of TAMGO's work with its wide portfolio of customers adopting zero emission generators in the region.

 

Rami Elayan, Chief Executive, TAMGO, said:

 

"TAMGO is delighted to order its first 45kVA H-Power System and this step marks significant progress in our exclusive distributorship and the adoption and deployment of AFC Energy's zero emission H-Power Generator Systems within the Saudi Arabian and broader regional markets.   

 

Zahid Group is fully aligned with the Kingdom's forward-looking vision, and across all our Group's companies we are acting on that alignment with concrete actions."

 

Gary Bullard, Chief Executive at AFC Energy, said: 

 

"We are very pleased to see the progress that TAMGO has made within the Saudi Arabian and neighbouring markets and are excited to deploy our first unit to TAMGO for localisation and operation within the region.  This deployment is a significant step in our exclusive distributorship with TAMGO, marking a key milestone in unlocking further opportunities within the region aligned with Saudi Arabia's sustainability commitments under the Kingdom's Vision 2030 and realizing our shared vision to become the largest provider of hydrogen fuel cell generators in the Saudi and MENA regions."       

 

For further information, please contact:

 

AFC Energy plc

Gary Bullard (Chief Executive Officer) 

 

+44 (0) 14 8327 6726

investors@afcenergy.com

 

Peel Hunt LLP - Nominated Adviser and Joint Broker

Richard Crichton / Brian Hanratty / Georgia Langoulant

 

+44 (0) 207 418 8900

 

Zeus - Joint Broker

David Foreman / James Hornigold (Investment Banking)

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

+44 (0) 203 829 5000

 

RBC Capital Markets - Joint Broker

Matthew Coakes / Teri Su

Eduardo Famini / Jack Wood

 

FTI Consulting - Financial PR Advisors

Ben Brewerton / Chris Laing / Evie Taylor     

 

+44 (0) 20 7653 4000

 

 

 

+44 (0) 203 727 1000

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 through its H-Power range of products which can be used in off-grid, temporary, and backup power systems with use cases that include electric vehicle charging, construction, shore power in maritime, and data centres as part of a portfolio approach to the decarbonisation of society's growing electrification needs.

 

The Company's proprietary ammonia cracking technology further highlights emerging opportunities across the distributed hydrogen production market with a focus on hydrogen's role in supporting industries facing challenges in decarbonisation, such as mining, cement and heavy engineering.

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