The article below is more representative of what AFC Energy is doing. Roman Abramovich has taken a serious interest in the sector as evidenced by the three investments he made recently in AFC Energy / Alter NRG / Waste2Tricity. Ian W., who runs AFC used to run the hydrogen business for Air Products. Air Products is constructing a 1000 tpd MSW plasma gasification facility in Tees Valley and has announced plans to build a second one of the same scale on an adjacent plot. APD is funding the first $400MM plant internally. APD and AFC are considering Tees Valley for an AFC fuel cell facility. AFC claims that fuel cells can increase efficiency by 65-70%. So instead of powering 50,000 homes, the TV-1 plant could potentially power up to 80,000 homes with no additional feedstock required.
Up to Euro 6 million grant award for UK’s largest fuel cell energy facility
November 7, 2012
AFC Energy (AIM: AFC), the industrial fuel cell power company, and Industrial Chemicals Limited (“ICL”) are pleased to announce that they have received notification that they have been awarded a European Union grant of up to Euro 6 million (£4.9 million) for the installation of the world’s largest alkaline fuel cell energy generation system at ICL’s chlor-alkaline chemical plant in Essex, UK.
The award is being funded by the Fuel Cells and Hydrogen Joint Undertaking (FCH-JU), through the EU’s Seventh Framework Programme (FP7). It will provide AFC Energy and ICL and their European project partners with more than four years’ financial support for the project, which was first announced on 25 June 2012. The grant is subject to final negotiation and, subject to agreement, is expected to be in place to enable the project to commence during Spring 2013. If concluded satisfactorily, AFC Energy will coordinate the project and expects its direct share of the project funding to be up to Euro 3 million (£2.45 million) with the balance to be received by the other project partners.
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