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AFC Energy PLC to play its part in the Northern Powerhouse initiative

AFC Energy plc (LON:AFC) is to collaborate with Peel Environmental to assess the feasibility of siting a fuel cell project at the Protos industrial park near Ellesmere Port, Cheshire.
Chief executive officer Adam Bond said a lot of the opportunities the company has looked at over the years have been overseas, but it is a UK-based company, and this agreement represents a chance for the company to play its part in diversifying the energy mix in the UK.
“The opportunity to position ourselves with a partner of the calibre of Peel, of the prominence of Peel in the north of England, particularly in supporting the British government’s ‘northern powerhouse’ initiative, was something we were very keen to pursue,” Bond told Proactive Investors.
Bond has been down to the Protos industrial park to have a gander, and size up the potential industrial off-take customers in the region. Importantly, for the company and its alkaline fuel cell technology, there are plentiful sources of hydrogen that AFC can potentially tap into.
If it all goes ahead, it will be a landmark project, and one of the largest of its type in the world.
“We’re looking to complete the scoping of the opportunity in the next few months. It will go into 2017, but hopefully not too far,” Bond said.
Bond also commented on the major milestone earlier this month, when the company completed Generation 2 of its breakthrough KORE fuel cell system, which has extended the stack life and increased the time the system is able to generate power.
Back at the time of the announcement, on 14 November, the system has clocked up 720 hours of power generation and it has now made it past the 1,000 hours mark.
Bond also highlighted the importance of the system now being able to accept lower-grade hydrogen, which will save both time and money.
AFC’s ultimate objective has always been to take the hydrogen straight from the supplier and run it straight through its fuel cells without having to clean it up, and it now believes it is able to do this.

 
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Newswire
November 01 2018

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