AFC Energy permitted to export and sell its own low carbon hydrogen, produced from its pilot ammonia cracking plant, following revision of permit from the UK Environment Agency.
This revision, agreed by the Environment Agency, evidences the significant progress AFC Energy has made in producing ISO 14687 grade D (99.97% pure hydrogen) in volume and the robustness of our internal safety protocols and procedures. It also provides further flexibility in the timing of the relocation of the Dunsfold pilot cracking plant as the training of operatives in a live environment can now be conducted at Dunsfold.
AFC Energy continues to work with its Joint Venture ("JV") partner, Industrial Chemicals Group Ltd (ICL), to establish hydrogen production, through multiple Hy-5 ammonia cracker units from AFC Energy (each capable of producing up to 500kg of hydrogen per day), at ICL's facility in Port Clarence, Middlesborough. The JV is engaged with the UK Environment Agency at both local and central levels to create a framework for future deployments, across the UK, of AFC Energy's future Hy-5 units through accelerated permitting.
The pilot ammonia cracker site at Dunsfold is capable of producing up to 300kg of hydrogen per day in its current configuration.
John Wilson, CEO of AFC Energy Plc, commented:
"We are delighted to have agreement from the Environment Agency to enable the export and sale of our own low carbon hydrogen produced from our ammonia cracker at our Dunsfold facility. This accelerates revenue generation for AFC Energy, from hydrogen production, by a number of months."
FOR FURTHER INFORMATION, PLEASE CONTACT:
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AFC Energy Plc John Wilson (Chief Executive Officer) |
+44 (0) 14 8327 6726 |
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Karl Bostock (Chief Financial Officer)
Peel Hunt LLP - Nominated Adviser and Joint Broker Richard Crichton / Georgia Langoulant / Emily Bhasin
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+44 (0) 207 418 8900
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Zeus - Joint Broker David Foreman / James Hornigold (Investment Banking) Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)
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+44 (0) 203 829 5000 |
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DGA Group - Financial PR and Communications Advisors James Benjamin / James Styles
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+44 (0) 7747 113 930 +44 (0) 7510 385 554
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ABOUT AFC ENERGY
AFC Energy Plc is a leading provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions. Our market-leading decentralised ammonia cracker and fuel cell generator products are engineered to unlock the low carbon hydrogen market by meeting customers' needs with scalable, reliable supplies of low carbon hydrogen and power. AFC Energy is enabling customers to decarbonise at a price that is commercially viable.
We are focused on the successful commercial rollout of our core product suite and on creating significant shareholder value by converting our growing opportunity pipeline into contracted orders and delivering sustained revenue growth.
Our core strategy is to develop and deploy products that enable the production of scalable, reliable supplies of clean hydrogen at commercially viable prices and without reliance on government subsidies or incentives. AFC Energy achieves this through our proprietary, decentralised and modular ammonia cracker technology, and providing low carbon, off‑grid power solutions with our fuel cell generators that are competitive with, and capable of displacing, diesel generators on a total cost of ownership basis.
The Company's modular, decentralised ammonia cracker systems have production capacities of approximately 0.5 and 4 tonnes of hydrogen per day respectively. These enable the generation of scaled volumes of low carbon hydrogen at the point of use within a highly compact footprint. Our systems have the potential to drive substantial revenue growth across a wide range of addressable markets, including hard‑to‑abate industrial facilities, transportation and power generation applications.
AFC Energy's fuel cell generator systems are currently offered with generation capacities of 30 kW and 200 kW. They are well-suited to off‑grid, decentralised and temporary power applications, including the displacement of diesel generators on construction and infrastructure sites. Further use cases include electric vehicle charging for cars, buses and trucks, as well as charging of battery‑powered non‑road machinery, with additional emerging opportunities in maritime, data centre and rail applications.
AFC Energy is listed on the London Stock Exchange's AIM Market and headquartered in Dunsfold, Surrey, UK.
Please read more on our website https://www.afcenergy.com/ and follow us on LinkedIn