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AFC Energy launches H-Power electric vehicle charging system, partners with British Motor Show 2020

“It is a privilege to have been recognised in such an illustrious setting as the Motor Show and play a small part in this new leadership role as we advance into a new era of highway electrification,” said CEO Adam Bond

AFC Energy PLC - AFC Energy launches H-Power electric vehicle charging system, partners with British Motor Show 2020

AFC Energy PLC (LON:AFC) has launched the zero-emission H-Power electric vehicle (EV) charging system, which is based on its scalable alkaline fuel cells.

In a statement, the company also revealed a ‘blue-ribbon’ partnership with the British Motor Show 2020, becoming the event's official EV charging partner.

It noted that the British Motor show returns next year, after a 12-year absence, and it is expected to see over 50,000 visitors attend.

Future technologies will be a major part of the relaunched event, and, it will showcase several of the latest electric vehicles and automated vehicle systems along with technologies that will support rapid electric vehicle deployment - like AFC’s charging stations.

AFC’s H-Power can be deployed ‘off-grid’ and as such removes the need for costly grid augmentation and upgrade. It is a modular system, requiring no wired infrastructure, and is scalable from 2 to over 100 charge points with only limited requirements to increase facility footprints.

“It is a privilege to have been recognised in such an illustrious setting as the Motor Show and play a small part in this new leadership role as we advance into a new era of highway electrification,” said Adam Bond, AFC chief executive.

“This journey begins with today's launch of our H-Power EV Charger. With such a global showcase of world-leading automotive manufacturers, this is a standout opportunity to highlight the benefits of AFC Energy's zero-emission EV charging solutions and the benefit this can bring to the world's transition to an electrified vehicle future," he added.

British Motor Show chief executive Andy Entwistle, meanwhile, said: "The world is seeing a rapid transition towards battery-powered vehicles and it's critical that the motoring industry offer up new and innovative solutions to address the key infrastructure challenges associated with EV take-up by consumers." 

“We see the AFC Energy EV charger solution as just that We are very excited to be partnering with a home-grown British tech company as we deliver a world-class motoring experience to the UK next year," he added

In a note to clients, Brendan Long, an analyst at stockbroker WH Ireland commented: “We believe the launch of the company’s first commercial product sets the scene for an exciting 2020 and the official partnership with the British Motor Show underlines that. After years of product development, we believe 2020 is the time AFC Energy’s efforts are likely to crystallise commercially.”

Quick facts: AFC Energy PLC

Price: 21.2 GBX

AIM:AFC
Market: AIM
Market Cap: £143.31 m
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