Traded as LSE: AFC Products Fuel cells Number of employees 25 | Industry Alternative energy Website www.afcenergy.com Founded 2006 | |
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Number of locations United KingdomGermanyAustralia Key people Tim Yeo (Chairman)Adam Bond (CEO) Stock price AFC (LON) 13.02 GBX +0.40 (+3.13%)27 Feb, 12:30 PM GMT - Disclaimer | ||
Afc energy plc to play its part in the northern powerhouse initiative
AFC Energy PLC is a developer of alkaline fuel cells focused on industrial application. The company is based in Cranleigh, Surrey, United Kingdom. It is listed on the London Stock Exchange. In 2009, AFC was considered amongst the best performing companies on the Alternative Investment Market.
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AFC Energy has focused its operations in the United Kingdom, Germany and Australia. In 2010, it commissioned a hydrogen fuel cell named Alfa System at the Chinchilla underground coal gasification facility, operated by Linc Energy. Combining these technologies allows usage of hydrogen, produced by the underground coal gasification process, as a feedstock for the fuel cell. The project is developed by B9 Coal. In October 2010, AFC Energy, Powerfuel Power, and B9 Coal agreed to integrate the AFC Energy's fuel cell technology with the integrated gasification combined cycle technology at the planned Hatfield power station near Doncaster.
In August 2011, the company commissioned hydrogen fuel cell named Beta System at its facility in the United Kingdom. In October 2011, AFC Energy commissioned two Beta Systems at the AkzoNobel chlor-alkali plant in Bitterfeld, Germany.
In June 2012, AFC Energy and Industrial Chemicals Limited announced a plan to install the largest fuel cell facility in the United Kingdom with an electrical output of one MW. In September 2012, the company opened an alkaline fuel cell electrode pilot production plant in Dunsfold, Surrey.
In November 2013 AFC Energy appointed GB Innomech to design and build an automated manufacturing system to assemble alkaline fuel cell stacks. Each stack comprises multiple layers assembled in sequence to form specific channels carrying hydrogen, air or potassium hydroxide electrolyte.
In October 2014 the company raised £6.1m from investors. This notably included the Russian billionaire Roman Abramovich. His company Ervington Investments Ltd. owns more than 15 percent of AFC.
In March 2015 AFC committed to build a 50MW fuel cell park in South Korea, as part of a joint venture with two local companies, Samyoung and Changsing Chemical.
In April 2015 AFC Energy signed a Memorandum of Understanding with Dubai Carbon at the Water, Energy, Technology and Environment Exhibition (WETEX 2015) in Dubai for an estimated 300MW of AFC Fuel Cells.
In August 2015 AFC Energy commenced operation of its first KORE fuel cell system in Stade, Germany.
In January 2016 AFC Energy produced 200kW in a 3-tier KORE fuel cell system and fed the power into the German grid in Stade, Germany.
In February 2016 AFC Energy signed a partnership agreement with the German engineering consultancy plantIng GmbH to support the optimisation and rollout of AFC Energy's alkaline fuel cell system.