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AFC Energy was incorporated in January 2006 to purchase certain intellectual property and assets relating to alkaline fuel cell technology from Eneco Limited. The Company raised £2.4 million to fund its initial working capital requirements and, in April 2007, completed its IPO and admission to AIM, raising c. £3 million from ordinary shares.

AFC Energy is now the world’s leading developer of low-cost alkaline fuel cell technology. Focused on large-scale industrial applications, the technology is fully-scalable to provide clean electricity on-demand. The fuel cell has the potential to be the catalyst which transforms the way in which industries of today produce energy for tomorrow.

Please see timeline below to learn more:

 
  • Generated first industrial power at AkzoNobel.
  • Opened a dedicated production facility
  • Welcomed Ervington Investments as a major shareholder following an £8.7m placing.
   2012  
 
  • Commercial MOU signed with John Lewis Partnership.
  • Larger Beta system tested at AkzoNobel’s Bitterfeld plant.
  • Ian Williamson joins AFC Energy from Air Products.
   2011  
 
  • Positive independent technology review by Centre for Process Innovation.
  • First operational deployment of a fuel cell system at Linc Energy’s Chinchilla site.
  • £4m raised by way of placing and exercise of option by Linc Energy.
   2010  
 
  • Signed agreement with Waste2tricity.
  • First generation fuel cell system (Alpha) tested at AkzoNobel’s Bitterfeld plant.
  • Binding HoT signed with Linc Energy for the use of fuel cells with UCG.
   2009  
 
  • Prototype fuel cell successfully operated for 500 hours.
  • Successfully completed £4.4m fundraising.
  • Energy from waste markets targeted.
   2008  
 
  • Announced first commercial relationship with AkzoNobel.
  • Successfully listed on AIM raising approx £3m.
  • Successfully operated first fully scaled single cell.
   2007  
 
  • Acquired certain Intellectual Property and assets from Eneco Ltd, and formed AFC Energy.
  • Moved into first fully fitted offices and laboratories on Dunsfold Park.
  • Carried out initial in-house electrode testing.
   2006