AFC Energy (AFCEN) is an industrial alkaline fuel cell power company focused on large-scale stationary applications. The company was founded in 2006 to apply modern design principles and manufacturing methods to the fuel cell commercialisation, focusing specifically on the alkaline fuel cell. A symbiosis exists between the Chlor-Alkali industry and the alkaline fuel cell, so this sector was selected as AFCEN’s initial target market. In 2007 AFCEN made an initial public offering on the Alternative Investment Market (AIM) of the London Stock Exchange and has been a member of the Exchange since.

AFC Energy’s aim is to install, own, operate and maintain stationary alkaline fuel cell systems that generate durable power at the highest levels of fuel efficiency for the future. AFCEN seeks to be a world-class energy company that deploys low cost, high performance alkaline fuel cell technology to the global market. The Company is targeting co-ownership of projects through joint ventures, where interests are aligned with those of our partners, by having “skin in the game”.

The building block of every AFCEN fuel cell system is, currently, the 10kWe stack. AFCEN aims to provide clean power solutions from as small as 10kWe up to multi megawatts – the only difference being the associated Balance of Plant (BoP). We use the same basic fuel cell stack in all systems.

A number of pre-contractual agreements have been signed by AFC Energy to deliver multi-megawatts of electricity following POWER-UP. These agreements are evidence of the potential global demand for electricity from alkaline fuel cells, not excluding the thermal output and localised water production opportunities. POWER-UP is a stepping stone in AFCEN’s transition from an R&D company to a fully-commercial business, which is well underway.

Performance data from the POWER-UP trials in Stade have demonstrated the technical and commercial viability potential of the 240kWe alkaline fuel cell system in subsequent, value-engineered, system iterations, and will be key to swiftly converting these agreements to commercial contracts.

Below are a few of the recently released announcements of AFC Energy projects.

 

A 1 – 1.5MWe fuel cell power plant at the industrial park where AFC are based in south-east England:

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AFC/13304271.html

A 1MWe project with Covestro in Brunsbüttel, north-west Germany

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AFC/13218354.html

The UK’s largest hydrogen fuel cell precinct at Peel’s Protos industrial park in the north of England, with a potential 35MWe to 50MWe.

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AFC/13050706.html

As the FCH JU Project Coordinator, AFC Energy has performed all coordination, management and administration for the project. AFCEN’s primary responsibility has been the fuel cell system design, manufacture, installation, commissioning and operation at Stade, while also overseeing the validation and quality control of the main project outcomes.

 

Coordinator: Adam Bond (m). Adam has been a non-executive director of AFC Energy since May 2012 and Chief Executive Officer since December 2014, giving him a unique understanding of the business and its potential in the global hydrogen market. His understanding of the AFC Energy business, coupled with 20 years of experience in the energy sector, most recently in a position responsible for the commercialisation of underground coal gasification technologies with Linc Energy Ltd, make Adam a valuable addition to AFC Energy’s executive management team. During Adam’s time at Linc Energy, he held positions which include President – European Operations, Vice President – Europe, Middle East and Africa, and President – Clean Energy where he was responsible for leading a team of industry leading technologists in the commercialisation of the company’s clean energy technology.  Prior to joining Linc Energy, Adam held positions with the British Government as Project Director for the United Kingdom’s first carbon capture and storage programme and was key in the design of the commercial framework for delivery of the United Kingdom’s offshore electricity transmission network.

Technical Project Management: Nick Ploumis (m) is AFCEN’s Head of Projects. He has a B.Eng. (Hons) and MSc in Mechanical Engineering, plus an MSc in Management, and has been working in the alternative and renewable energy sectors for 10 years. He joined the company in February 2014.

James Austin (m) is AFCEN’s Senior Project Engineer. He has a B.Eng (hons) in Mechanical Engineering and has been working in the alternative energy sector for 12 years. He joined the company at its inception in 2006 and has worked on all of AFCEN’s projects to date. James’s main focus in the company is on the process design and engineering and he is also the lead process engineer for the POWER-UP, Stade plant.

Exploitation manager: Adam Bond (CEO of AFCEN).

Project Administrator: Richard Tuffill (m) is the Chief Financial Officer at AFCEN and has over 13 years’ experience in senior management within the energy sector. Richard has spent several years as CFO of Horizon Nuclear Power, a UK energy company developing a new generation of nuclear power stations. Richard has previously held senior management positions at RWE nPower and innogy. Richard qualified as a Chartered Accountant with Arthur Andersen & Co and has a Bachelor degree in Economics and Economic History from the University of Bristol.

 

Website: http://www.afcenergy.com/

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