Bugz
- 11 Jun 2007 08:49
skinny
- 25 Feb 2013 07:44
- 596 of 1468
AFC Energy ships fuel cell system to ICL
Ahead of schedule delivery marks the launch of a phased installation of a 1MW system at a major British chemical plant
AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce that it has delivered the first fuel cell electricity generating system to Industrial Chemicals Limited ("ICL"), a leading UK commodity chemicals producer.
The shipment is in advance of a 1MW commercial-scale project signed with ICL last year to install the world's largest alkaline fuel cell energy generation system at ICL's chlor-alkali plant in Essex, UK. The project is being supported with a European Union grant of Euro 6.1m (£4.9m), from this April.
The first delivery was for a skid-mounted (mobile) Beta fuel cell system which is expected to be installed and commence supplying small quantities of power to the chemicals works from April 2013. It will use waste hydrogen, produced as a by-product at the chemicals works, as fuel to generate clean energy.
The system will test and qualify the hydrogen supply and site infrastructure ahead of the installation of the larger system in stages later this year. By harnessing the waste hydrogen, AFC Energy's fuel cell system will eventually provide up to 1MW of clean, efficient electricity generation at point of consumption, reducing reliance on grid-supplied electricity by up to 20%.
As part of the project AFC Energy is to provide electrical power to ICL under its first ESCO (Energy Supply Company) arrangement whereby ICL will provide its hydrogen and purchase power under long-term contracts. AFC Energy will own, operate and maintain the fuel cell systems.
skinny
- 27 Feb 2013 07:52
- 597 of 1468
AFC Energy opens Korean Office
AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce that it has opened its first office in South Korea in partnership with Intralink Ltd, a leading provider of market access and business development services to US and European companies targeting China, Japan, South Korea and Taiwan.
Intralink will use its extensive knowledge of the region and high level contacts to provide AFC Energy with market development and sales support in one of its key target markets, East Asia. The partnership will help AFC Energy establish a firm presence in the region, maximise its reach and seize on the potentially substantial market opportunity there.
South Korea is one of the countries currently providing subsidy for electricity generated from fuel cells and as such represents an attractive early opportunity for AFC Energy.
The venture's first objective is to build on existing and develop new relationships with prospective industrial and sector partners and to supply power from AFC Energy's first fuel cell systems in Korea.
greekman
- 27 Feb 2013 07:57
- 598 of 1468
Hi Skinny,
Nice to see that there are at least a couple of us left on here.
The reaction to todays news will no doubt be similar to Mondays, the sp will be up on opening then slide back or below the opening price.
This reminds me of a company I was invested in a few years ago. Over a period of time, RNS's started to flow at an increased rate but, due to investers waiting for 'the big one' each RNS was treated with as much disapointment as jubilation resulting in the up then back down actions that are happening to AFC's sp.
Hopefully when the 'biggy' does come out, the day traders (nothing against traders) will almost disapear with their places being taken by those who are invested in AFC for that bigger profit that is earned by staying in for the longer term.
Most of us he have said before that once this takes off there will be no stopping it, due to the snowball effect.
The snowball is getting bigger but it has not yet fully gathered spead.
The pace is gaining and as long as progress continues at its present pace, I for one am no longer bothered about the current sp, no matter how annoying it becomes.
Apologies for any spelling mistakes as I am on a borrowed computor with no spell checker which is not ideal for a Dyslexic!
skinny
- 27 Feb 2013 08:04
- 599 of 1468
Greekman - I fully concur with your post.
greekman
- 27 Feb 2013 08:05
- 600 of 1468
Cheers Skinny
skinny
- 14 Mar 2013 07:09
- 601 of 1468
AFC Energy PLC
("AFC Energy" or the "Company")
Posting of Annual Report and Accounts and relaunch of company web-site
AFC Energy announces that its Annual Report and Accounts for the year ended 31 October 2012 is today being posted to shareholders and will be available on the Company's website, www.afcenergy.com after its relaunch at 7am tomorrow.
The new website, with a fresh design and format, will allow AFC Energy to engage more effectively with its customers, partners, shareholders and other stakeholders and interest groups. It will also help the Company to communicate both its commercialisation strategy and progress in harnessing low cost hydrogen fuel cells for the generation of sustainable energy.
The website is structured to provide easily accessible information on company news, sector developments and includes a dedicated investors' section.
Ends
cynic
- 15 Mar 2013 16:23
- 602 of 1468
i thought this would interest you guys - today from one of the specialist (air)gas magazines
Air Liquide commits to hydrogen filling in Europe
By 2014, Air Liquide will design and install three new high-capacity (40 fillings per day) hydrogen filling stations in the cities of Bremen (Germany), Birmingham (Great Britain) and Brussels (Belgium).
greekman
- 12 Apr 2013 07:19
- 603 of 1468
Todays RNS.
And the team just gets stronger.
Robert Kelly has an impressive CV.
I especially like the mention of experience in projects in Beijing and more recently, South Korea.
No doubt he will have some useful contacts in these countries.
The timing of this appointment really makes you think!!!!!!!!
skinny
- 12 Apr 2013 07:23
- 604 of 1468
Greek - interestingly the RNS isn't showing on the LSE as yet -
International Business Development Manager appointed
AGM later today.
greekman
- 12 Apr 2013 07:25
- 605 of 1468
Morning Skinny,
AGM could be interesting.
AFC look to be heading for the most interesting 12 months in their history.
skinny
- 12 Apr 2013 07:31
- 606 of 1468
Lets hope so Greek, lets hope so..
cynic
- 12 Apr 2013 07:56
- 607 of 1468
i think that in the fullness of time, this technology will come right, but i don't think that time is yet or even in the immediate future ..... arguably one to lock in the drawer and forget about for 3/5 years
skinny
- 12 Apr 2013 13:01
- 609 of 1468
RNS Number : 2541C
AFC Energy Plc
12 April 2013
12 April, 2013
AFC Energy PLC
("AFC Energy" or the "Company")
AFC Energy announces working partnership with Foster Wheeler
AFC Energy, the industrial fuel cell power company, is pleased to announce that it is working with Foster Wheeler, the global engineering and construction contractor and power generation equipment supplier, to develop and roll-out, commercially, fuel cell systems for industrial applications.
Foster Wheeler will work closely with AFC Energy in the engineering and benchmarking of AFC Energy's fuel cell systems and scaling up deployment of these systems at commercial sites - including at Industrial Chemicals Ltd (ICL), a leading UK chemicals company, where a one megawatt AFC hydrogen fuel cell plant will be installed.
During an initial 12-month period, Foster Wheeler will focus on the review of critical design and fabrication milestones for AFC Energy's base-level multi-cartridge 250-kilowatt generation system that will form the building block of the ICL plant. Foster Wheeler will also chair independent safety and reliability reviews, including HAZOP and model reviews to evaluate engineering designs.
AFC Energy and Foster Wheeler plan to develop their relationship to a stage where Foster Wheeler would be the selected contractor to design and install full-scale fuel systems based on AFC technology in a wide range of industrial and utility-scale applications.
Ian Williamson, Chief Executive of AFC, said: "This working partnership will help AFC as we advance from a design stage technology business to a commercial scale company. As we prepare to deploy our systems in commercial settings, it is essential that we have objective experts on hand to put our plans through their paces and ensure that we are delivering a robust product. We are delighted that Foster Wheeler is working with AFC to help commercialise our fuel cells as part of the renewable energy mix, alongside biofuels, solar and other sources of clean power."
Filippo Abbà, Chairman & Chief Executive Officer, Foster Wheeler Energy Limited, commented: "This new relationship demonstrates our strategy to develop close relationships with leading-edge technology suppliers. The work we will be doing with AFC leverages our proven technical expertise and project delivery capabilities in power generation and hydrogen production."
Ends
niceonecyril
- 29 Apr 2013 08:10
- 610 of 1468
Fuel cell electrode life extends beyond nine months
AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce that it has further extended the longevity of its electrodes to more than nine months of continuous operation as the Company's product development programme gains momentum.
The milestone, which was reached last week at the Company's laboratory in Dunsfold, Surrey, brings its fuel cell power generation technology closer to achieving full commerciality and potentially gaining lucrative opportunities with industrial partners.
Fuel cell longevity, power output, together with the development of low cost of materials and volume manufacturing, are some of the key goals being pursued by AFC Energy to establish its fuel systems as a commercial source of electricity for large-scale industrial applications.
As stated previously, AFC Energy has identified that, depending on the incentives available in key markets, the first industrial applications require a minimum electrode life of three months to be economically viable, particularly in the Far East and in countries such as South Korea. This minimum threshold was first achieved by the Company in May 2012. In Germany, where the Company is already carrying out long term trials with Akzo Nobel, one of the world's largest chemical groups, a fuel cell operating life of six months is required at our targeted power output for it to be commercially viable.
Commenting on the achievement Ian Williamson, Chief Executive of AFC Energy, said: "We continue to make excellent progress and deliver on our targets towards the commercialisation of our fuel cell systems. In the last year the technical team at AFC Energy have made great strides in improving both the power output and longevity of our fuel cells and we are now within touching distance of reaching our goal of 12 months electrode life. Achieving these targets will allow us to fully commercialise our product.
"Our first large scale installation incorporating all of these developments will be at Industrial Chemicals Limited, a leading UK based chemical group, and it will be fuelled by harnessing surplus hydrogen produced as a by-product at ICL's Essex site."
Electrodes are the critical components of a fuel cell which enable the electrochemical reactions to occur between hydrogen and oxygen (from air) to generate electricity, heat and water. Laboratory trials of electrodes are on-going and further field trials of improved electrodes are scheduled to begin early next month.
greekman
- 01 May 2013 17:21
- 611 of 1468
Should bring in a few more investors!
Ian Balchin, Deputy Chairman and Chief Strategic Officer, is giving a presentation at the Zeus Capital "New Energy Technologies" investor conference in London on Thursday, 2 May 2013.
skinny
- 03 May 2013 07:26
- 612 of 1468
Grant of options under sharesave scheme
The Options have been granted to participating employees under the rules of the AFC Energy Plc Sharesave Scheme (the "Scheme"). The Scheme is an all-employee share option scheme, which was approved by the UK Revenue and Customs and which was introduced to encourage wider employee share ownership of the Company. The Company is pleased to report a
69 per cent take up by employees following the first round of invitations.
greekman
- 03 May 2013 10:18
- 613 of 1468
Thats not a bad take up percentage, although I would like to know what those none take up employees were offered in place of the options.
greekman
- 09 May 2013 10:18
- 614 of 1468
I will not be monitoring this thread for 14 days as I am walking the Coast to Coast for charity(210 miles with detours) but as a realist tending toward optomisim I expect on return to see an RNS re contracts.
But I also expect 2 weeks without rain, (what in Cumbria)so make of both expectations as you will!
skinny
- 09 May 2013 10:25
- 615 of 1468
Greekman - Enjoy!