AFC.L

AFC Energy Plc
AFC Energy Plc - ACCIONA’s First 45kVA H-Power Generator
1st August 2024, 06:00
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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

Adam Bond (Chief Executive Officer) 

 

+44 (0) 14 8327 6726

investors@afcenergy.com

 

Peel Hunt LLP - Nominated Adviser and Joint Broker

Richard Crichton / Georgia Langoulant / Brian Hanratty

 

+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 / Tilly Abraham / 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 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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