Some more background on AFC Energy
From:
iii.co.uk
THE BELOW ARE THE FACTS AND OPINIONS OF AFC ENERGY FROM A NUMBER OF SOURCES. BASED ON THIS INFORMATION IT IS CLEAR TO SEE THE POTENTIAL OF AFC ENERGY IS PHENOMINAL.
AFC have a low cost fuel cell system, proven to work in the field at the Akzo Nobel Bitterfield site. The electrodes are 2 orders of magnitude cheaper than competitors, can act at low pressures and temperatures, use low cost materials, are serviceable and of low maintenance. This puts them in front of any competition:
afcenergy.com
AFC are the answer to the chlorine industry who are crying out for technology which will enable them to convert their waste hydrogen to electricity thereby reducing their production costs and making them ‘greener’. AFC have fuel cells installed at Akzo Nobel and a letter of intent from Ineos, 2 of the largest chemical industry players globally:
cleantech.com
Through Waste2Tricity, AFC are working with Alter-NRG, a major player in alternative energy to develop electricity from waste plants in the UK. This will go a long way towards solving increasing landfill problems and the UK’s reliance on energy from abroad:
greenwisebusiness.co.uk
Through B9 Coal (and W2T before them), AFC are working with Thornton Energy (a subsidiary of BCG Energy), the first company in the UK to be awarded an underground coal gasification license and who are developing a major coal resource located beneath the Firth of Forth:
britishcoalgasification.co.uk
In November 2009 the Centre for Process Innovation (CPI) published an external review on AFC Energy where they concluded, “….The level of focus achieved means that AFC has moved to a position of being an established company determined to deliver its principal objective and strategy. It has clearly been a very good year for the company”:
afcenergy.com
In December 2009 B9 Coal brokered a deal between AFC and Linc Energy who have made their initial £200K order to trial the fuel cells at one of their UCG sites. If trials are successful this will likely be massive. The UCG/Fuel cell process has been described as, "the 'Holy Grail' for future coal utilisation":
ibtimes.com.au
In December 2009 AFC raised £2m by way of a share placing. Six of the company’s directors took part in this placing. The proceeds from the placing will be used to provide operating capital for the development to commercialisation of AFC Energy’s fuel cell systems:
fuelcelltoday.com
In January 2010 AFC secured an order from Centrica for 250KW fuel cells for a flag ship project.
renewableenergyfocus.com
In January 2010 Air Products Limited ("Air Products"), the global leader in hydrogen fuelling and infrastructure indicated its intention to collaborate with AFC in their SuperGreen Power Station bringing their vast wealth of expertise in supplying hydrogen, hydrogen handling equipment and knowhow.
gasworld.com
In January 2010 AFC entered into a binding MOU with WSP Environmental Ltd under which they will begin contributing a range of services to AFC Energy in preparation for full scale deployment of fuel cell power stations.
stockopedia.co.uk
DYOR and all that |
