AFC Energy plc - Powering the Hydrogen Economy

AFC Energy (AIM: AFC), the developer of low cost alkaline fuel cells generating clean electricity from hydrogen feedstocks, is to announce its Preliminary Results for the 12 months to 31st October 2009 on Thursday 11th March 2010.[...]

AFC Energy (AIM: AFC) announces that application has been made for 400,000 new ordinary shares to be admitted to trading on AIM pursuant to the exercise of a Warrant Instrument dated 23rd February 2007 and expiring on 22nd February 2010.[...]

AFC Energy (AIM: AFC), the developer of low cost alkaline fuel cells that generate clean electricity from hydrogen feedstocks, is delighted to announce that, further to its initial announcement on December 8th 2009, it has reached the first milestone under its agreement with Linc Energy Limited (ASX: LNC, Market Cap: cA$717m) and with B9 Coal Limited. [...]

AFC Energy (AIM: AFC) announces that application has been made for 450,000 new ordinary shares to be admitted to trading on AIM pursuant to the exercise of a Warrant Instrument dated 23rd February 2007 and expiring on 22nd February 2010.[...]

AFC Energy enters into memorandum of understanding with WSP Group for future power station deployment.[...]

AFC Energy (AIM: AFC), the low cost developer of fuel cell technology, is pleased to announce that Air Products Limited ("Air Products"), the global leader in hydrogen fuelling and infrastructure has indicated its intention to collaborate with them in their SuperGreen Power Station bringing their vast wealth of expertise in supplying hydrogen, hydrogen handling equipment and knowhow. [...]

AFC Energy plc (AIM: AFC), the developer of low cost alkaline fuel cells that generate clean electricity from by-product hydrogen, is pleased to announce it has entered into an agreement with WSP Group plc with the intention of building and operating a power station based upon AFC Energy's fuel cell systems. [...]

AFC Energy (AIM: AFC), the developer of low cost alkaline fuel cells that generates clean electricity from by-product hydrogen, is delighted to announce that it has signed a binding Heads of Agreement with Linc Energy Limited (“Linc Energy”), and with B9 Coal Limited Linc Energy (ASX: LNC, Market Cap: cA$717m) is Australia’s leader in clean coal technology, and intends to integrate the AFC Fuel Cell System for use in Linc Energy’s Underground Coal Gasification (“UCG”) project. [...]

AFC Energy plc (AIM: AFC), the developer of low cost alkaline fuel cells that generates clean electricity from by-product hydrogen, is pleased to announce it has raised net proceeds of £2 million by way of a placing of new ordinary shares to UK investors. The Company intends that the net proceeds of the Placing will be used to complete the development of its low cost fuel cell system. [...]

AFC Energy, the low-cost alkali fuel cell company, is pleased to announce that its partner Waste2Tricity has made the following press release this morning. AFC Energy has an agreement with Waste2Tricity Ltd to supply AFC fuel cells for integration into its system for the conversion of Municipal Solid Waste ("MSW") to energy.[...]

AFC Energy PLC, the developer of low cost alkaline fuel cells, is pleased to announce that it has received a very positive updated review of its fuel cell system from Dr Jon Helliwell, Project Manager, Fuel Cell Applications at the Centre for Process Innovation (“CPI”).[...]

AFC Energy PLC, the developer of low cost alkaline fuel cells, is pleased to announce that Ian Balchin has been appointed to the Board with immediate effect and will serve the Company as its Chief Executive Officer.[...]

AFC Energy plc, the developer of low cost alkaline fuel cells, is pleased to announce the appointment of Allenby Capital Limited as joint broker to the Company with immediate effect. Astaire Securities remains the Company's nominated adviser and broker to the Company.[...]

AFC Energy PLC, the developer of low cost alkaline fuel cells, is pleased to announce that it has successfully completed an important field test of its first generation, lower cost, non-platinum electrodes at AkzoNobel’s chlor–alkali plant in Bitterfeld, Germany. During the test AFC Energy’s fuel cell system fed electricity into AkzoNobel’s grid, on a par with previous field tests using platinum based electrodes. [...]

AFC Energy, the low cost alkali fuel cell company, is pleased to announce that it has signed a letter of intent with European chemicals major INEOS ChlorVinyls to develop a hydrogen fuel cell project at its Runcorn Site manufacturing complex in Cheshire, UK. [...]

AFC Energy, the low-cost alkali fuel cell company, is pleased to announce that Waste2Tricity has made the following press release this morning. Waste2Tricity is AFC Energy’s exclusive licence holder for gasification projects in the UK. [...]

AFC Energy, the low cost fuel cell company, today announces its interim results for the six months ended 30 April 2009.[...]

AFC Energy, the low cost alkali fuel cell company, is pleased to announce the appointment of Dr Gene Lewis and David Marson as directors with effect from today[...]

AFC Energy, the low cost fuel cell company, is pleased to announce the demonstration of its fuel cell system successfully operating on industrially produced hydrogen at AkzoNobel’s chlor-alkali plant in Bitterfeld, Germany. [...]

AFC Energy (AIM: AFC), today announces that Blue Oar Securities Plc, the Company's nominated adviser and broker has changed its name to Astaire Securities Plc. [...]

The Board of Directors (the "Board") of AFC Energy PLC, the low-cost fuel cell company, is pleased to announce that it expects to release the unaudited interim results of the Company for the 6 months ended 30th April 2009 on Monday 6th July 2009 [...]

On 16 April 2009 the Board of AFC Energy agreed to grant options over a total of 6,600,000 ordinary shares in the Company, and to grant warrants over a total of 4,750,000 ordinary shares in the Company.

AFC Energy PLC, the low-cost fuel cell company, is pleased to announce that AkzoNobel has taken delivery of an AFC 3.5kW Fuel Cell system at its Bitterfeld site in Germany today, and this fuel cell system is now in the process of being [...]

AFC Energy PLC (AIM: AFC), the low-cost fuel cell company, today announces its preliminary results for the year ended 31 October 2008.

AFC Energy PLC, the low-cost fuel cell company, is pleased to announce that it has entered into an agreement with Waste2Tricity Ltd ("W2T") to supply AFC fuel cells to W2T for integration into its system for the conversion of Municipal Solid Waste ("MSW") to energy.
In conjunction with leading waste management and treatment companies, W2T [...]

In November 2008 AFC Energy commenced a technical review to analyse the results of the system test completed in September 2008 on its 3.5kW fuel cell system. Following completion of the technical review and discussions with AkzoNobel, the Company has identified key design improvements to enable delivery of its first fuel cell system to AkzoNobel's [...]

AFC Energy plc
("AFC Energy" or "the Company")

Work Programme Progress


AFC Energy announced in November that it was undertaking a programme of work to provide a detailed assessment of the fuel cell system.

In this respect, good progress has been made and the Board will finalise details for implementing these steps to provide a comprehensive update [...]

Fuel cell delivery update

The Company's technical team has mapped out a program of work that needs to be undertaken to provide a detailed assessment of the fuel cell system. This work program is making progress and is expected to be completed in the coming weeks. Once it is completed, the Board will provide an update [...]

Fuel cell delivery update

TR-1: Notifications of Major Interests in Shares 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: AFC ENERGY

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: AFC ENERGY PLC

TR-1: Notifications of Major Interests in Shares 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: AFC Energy (GB00B18S7B29)

The Board of AFC announces that after discussion with its customer, AkzoNobel, the Company will delay delivery of its first fuel cells to AkzoNobel’s Bitterfeld site in Germany.

At 0700 on the morning of Thursday 28 July 2008, AFC made an announcement entitled "First fuel cells successfully shipped to Akzo-Nobel". This announcement was released prematurely. The Directors expect shipping to commence imminently, with delivery to Akzo-Nobel expected the following day.

AFC Energy Plc, ("AFC Energy" or the "Company"), the AIM quoted low cost alkaline fuel cell company that focuses on industrial markets, is pleased to announce to shareholders today that it has delivered its first multiple fuel cell systems to Akzo-Nobel.

AFC Energy announces its interim results for the six months ended 30 April 2008

In accordance with the FSA’s Disclosure and Transparency Rules, the Company would like to notify the market of the following:
AFC Energy Plc’s issued capital consists of 127,682,854 ordinary shares of 0.1 pence each with voting rights.
The Company does not hold any ordinary shares in Treasury, therefore the total number of voting rights in AFC Energy [...]

The Company was informed on 21 May 2008 that on 26 November 2007, Gerard Sauer, the chief executive of the Company, transferred 70,000 ordinary shares of 0.1 pence each (of his then holding of 1,600,000) in the Company ("Ordinary Shares") to an employee of the Company for nil consideration.
Following this transfer, Mr Sauer's holding both [...]

AFC Energy plc (AIM: AFC), the low-cost alkaline fuel cell company that generates clean electricity from by-product hydrogen, today announces it has raised gross proceeds of £4.4 million by way of a placing by Blue Oar Securities of new ordinary shares to UK investors.
Placing Highlights

40 million new ordinary shares of 0.1 pence each are to [...]

AGM resolutions
AFC Energy's Annual Report and Accounts for the year ended 31 October 2007 was posted to all shareholders of the Company. Copies of the Annual Report and Accounts are available on the Company's website at www.afcenergy.com.
All resolutions from today's AGM were duly passed.
Appointment of Mitchell Field
AFC Energy plc announces the appointment to the Board [...]

AFC Energy plc is pleased to announce the appointment of Ray Yeoh as International Sales Consultant. A veteran of the chlorine industry in Asia, Ray will report to Gerard Sauer, Chief Executive of AFC Energy.
Ray has over 20 years' experience of working in the chlorine industry and will be responsible for identifying opportunities for AFC [...]

AFC Energy develops low-cost fuel cells for industries that produce waste hydrogen as a by-product. This hydrogen is used by AFC Energy's fuel cells to produce clean electricity.
AFC Energy's fuel cells use reduced levels of precious metal and the Company has a clear route to commercialisation by selling fuel cells directly to the end-user. Akzo [...]

Durability of fuel cell proven with 500 hour operation of prototype fuel cell
AFC Energy plc, ("AFC Energy" or the "Company"), the low cost alkaline fuel cell company that focuses on industrial markets, is pleased to announce that it has successfully achieved its fifth technological milestone; 500 hours operation of its prototype system.
The successful running [...]

In this animated short film (3.5 mins), AFC Energy's unique business model is explained in full.

Watch the film (Flash video, 13mb)

The Board of AFC Energy Plc, ("AFC Energy" or the "Company"), the low cost alkaline fuel cell company, is pleased to announce that Blue Oar Securities Plc has been appointed as Nominated Adviser to the Company with immediate effect.

AFC Energy plc, (”AFC Energy” or the “Company”), the low cost alkaline fuel cell company, is pleased to announce that it has successfully achieved its fourth technological milestone, operation of the first prototype system, within the projected timescale described in the Admission Document.
The first prototype system consists of AFC Energy’s new generation cartridge, demonstrating numerous [...]

AFC Energy plc was notified on 28th January 2008 that Sinjul Nominees Limited (previously Allbest Nominees Limited) no longer holds a notifiable interest in the issued share capital of the Company.

AFC Energy Plc, ("AFC Energy" or the "Company"), the low cost alkaline fuel cell company, is pleased to announce that it has successfully achieved the 500 hour trial of a fully scaled single cell unit as detailed in the Company's Admission Document dated 18 April 2007.
The fully scaled single cell mirrors the size of the [...]

AFC Energy plc (”the Company”) announced on 11 June 2007 that it had entered into a Memorandum of Understanding (”M.O.U.”) with the government of Indonesia relating to the CIUP (Community Integrated Utility Program) project that aims to provide 32 million households with the ability to produce electricity and potable drinking water over the next 10 [...]

The Board of AFC Energy plc is pleased to announce that Blue Oar Securities plc has been appointed as Broker to the Company.
Blue Oar Securities plc appointment

AFC Energy plc ("the Company")

Disclosure of information required by AIM Rule 26

AFC Energy plc today announces that the information required by Rule 26 of the AIM Rules for Companies (February 2007) is available under the heading "AIM: Website Compliance" within the "Investor Centre" section of the Company's website www.afcenergy.com [...]

AFC Energy (”AFC Energy” or the “Company) is pleased to announce the appointment of Otto Carlisle to the Board as Technical Director.
Otto Franklin Carlisle, aged 33, joined Eneco in 2000 to work on its alkaline fuel cell system having completed a degree in Mechanical Engineering with Automotive Design at Brunel University. He is a [...]

AFC Energy is pleased to announce its unaudited interim results for the six months ended 30 April 2007.
AFC Energy Interim 2007 Results.pdf (72KB)

In this video interview, Gerard Sauer (CEO of AFC Energy) answers questions about the company, AFC's fuel cell product, and what's different about AFC's approach to the fuel cell market.

You will need Windows Media Player or Realplayer to play this video.

Watch the video now.

MOU to produce clean energy signed (including US$13.5 million initial order), exclusive
supplier relationship and manufacturing JV with the government of Indonesia.

AFC Energy plc ("AFC Energy" or "the Company") has entered into a Memorandum of Understanding ("M.O.U.") with the Government of Indonesia, and specifically with the State Ministry for Development of Disadvantaged Areas of the Republic of Indonesia.

AFC Energy, ("AFC Energy" or the "Company"), the low cost alkaline fuel cell company, is pleased to announce that it has successfully achieved its first technological milestone, the operation for 500 hours of a small-scale single cell unit, within the projected timescale described in the Admission Document.
The cell was tested successfully under specific high corrosion [...]

Brokers initial research note on company IPO
Research Note
(1MB pdf)

AFC Energy plc
(”AFC Energy” or the “Company”)
AFC Energy announces that it has awarded share options (”Share Options”) over an aggregate 200,000 new ordinary shares of 0.1 pence each in the capital of the Company (”New Ordinary Shares”) to two employees under the terms of the AFC Energy plc 2007 Share Option Scheme.
The terms of the [...]

The Placing:

AFC Energy plc, the low cost alkaline fuel cell company, announces the completion of its admission to AIM and that trading in its ordinary shares commenced at 8.00am today.
Dawnay, Day Corporate Broking (a division of Dawnay, Day Brokers Limited), the Company's broker, has placed 13,183,034 new ordinary shares on behalf of the Company raising [...]

Low cost, alkaline fuel cell company seeking circa £3m AIM listing
Clear initial route to commercialisation – take the fuel cell to the hydrogen source
First revenue pre-payments received under Akzo Nobel agreement
AFC Energy to generate 'clean' electricity from hydrogen produced as a by-product at Akzo's chlorine production plants

Admission planned for April 2007
Nominated Adviser: NABARRO WELLS [...]

AFC Energy plc, the low cost fuel cell company, announces the signing of a non-exclusive contract to supply alkaline fuel cells for Akzo Nobel, the Dutch chemicals & paint company.
AFC Energy will receive payments for the supply of its technology which will be used to produce electricity from hydrogen produced as a by-product from Akzo [...]

Tim Yeo, MP for South Suffolk, has been appointed as a non-executive Chairman of the Company.

AFC Energy is pleased to announce a cooperation agreement with Akzo Nobel for the production of electricity from hydrogen, produced as a by-product of an electrolysis process, based on our alkaline fuel cell technology.

AFC Energy, the developer of next generation alkaline fuel cells, announces that it has
successfully completed a 1,500 hour trial of its ultra low cost electrode.