Successful performance of small-scale single cell unit during 500 hour trial
May 8th, 2007
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 conditions, designed to demonstrate operation and corrosion resistance of the system. The trial, which was completed on schedule, demonstrated a consistent output with minimum degradation and little evidence of corrosion.
The single cell unit demonstrates the successful generation of electricity, using both cathode and anode electrodes, from hydrogen and oxygen. The only by-product is water and small amounts of heat. Ultimately, the Directors believe that AFC Energy’s fuel cell will have a conversion efficiency of approximately 60%.
The successful test of the single cell unit is an important part of the continued progress towards AFC Energy’s goal of delivery of functional systems during 2008 in preparation for full commercialisation during 2009. The next expected milestone is the operation of the first scaled single cell scheduled for August 2007.
Gerard Sauer, Chief Executive, said:
“Excellent progress is being made in the development of the electrode and of the novel balance of plant features that we are incorporating. We have a dedicated and motivated team working towards a very focused goal of achieving the lowest cost system in the shortest possible time specifically with relation to defining the manufacturing protocols for mass production.”