viewAFC Energy PLC

AFC Energy wins contract for sale of H-Power system to German research house

Forschungszentrum Jülich, one of Europe’s largest research centres, will deploy the company's system at its Living Lab Energy Campus showcase

AFC Energy PLC - AFC Energy wins contract for sale of H-Power system to German research house

AFC Energy PLC (LON:AFC) revealed it has secured a contract for the sale of a bespoke 100 kilowatt H-Power alkaline fuel cell system to Forschungszentrum Jülich, one of Europe’s largest research centres, for deployment at its Living Lab Energy Campus (LLEC) showcase in Germany.

The AIM-listed hydrogen power technology specialist said the initial transaction value of the deal also comes with additional trailing payments receivable under a long term services agreement over the life of the project.

READ: AFC Energy says 2020 is a transformational year for the hydrogen economy

The LLEC is funded predominantly by the German government and is designed to provide a blueprint for sustainable, decentralised and integrated smart infrastructure with an emphasis on renewable and hydrogen technologies.

AFC noted that the fuel cell system, together with engineering support services, is scheduled for delivery and commissioning in Germany in the third quarter of 2021.

The company also said a “higher tolerance to lower, and therefore lower cost hydrogen”, was a key driver in the selection of its H-Power system by the LLEC.

"AFC Energy are pleased to be working alongside Jülich in delivering Europe's leading energy hub devoted entirely to the transition towards a more sustainable distributed energy system - a system whose blueprint can be deployed across any number of Smart Cities around the world”, AFC chief executive Adam Bond said in a statement.

“We have long seen a role for the company's alkaline fuel cell technology in supporting distributed microgrids in Europe and internationally and with the recent strong leadership shown by the German government in this field, we welcome the opportunity to be part of such a high profile international showcase alongside several of Germany's leading technology and research institutes", he added.

Quick facts: AFC Energy PLC

Price: 74.4 GBX

Market: AIM
Market Cap: £503.06 m


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of AFC Energy PLC named herein, including the promotion by the Company of AFC Energy PLC in any Content on the Site, the Company receives from...



AFC Energy deal with ABB offers more access to $140bln EV market

AFC Energy PLC's (LON:AFC) Adam Bond explains the details of their new deal with Swiss electrical systems giant ABB to develop products for the electric vehicle charger market. AFC said it will supply its hydrogen fuel cell technology with ABB providing the energy storage know-how and...

on 16/12/20

2 min read