AFC Energy wins fuel cell contract for Germany campus
Hydrogen power technology company AFC Energy announced the sale of a bespoke 100kW ‘H-Power’ alkaline fuel cell system on Tuesday, to Forschungszentrum Jülich, for deployment at its Living Lab Energy Campus showcase in Germany.
The AIM-traded firm said the campus would provide a blueprint for “sustainable, decentralised and integrated” smart infrastructure, with an emphasis on renewable and hydrogen technologies.
It said that Jülich selected AFC Energy for the provision of a 100kWe stationary alkaline fuel cell system for inclusion in the campus, explaining that higher tolerance to lower grade, and therefore lower cost hydrogen, was a key driver for its choice.
The initial transaction value also came with additional trailing payments receivable under a long term services agreement over the project's life.
Together with engineering support services supplied by AFC Energy, the H-Power system was currently scheduled for delivery and commissioning in Germany in the third quarter of 2021.
“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,” said chief executive officer Adam Bond.
“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.”
At 0957 BST, shares in AFC Energy were up 11.69% at 21.78p.