AFC Energy (AFC)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

20.40p
   
  • Change Today:
    -0.40p
  • 52 Week High: 22.00
  • 52 Week Low: 11.28
  • Currency: UK Pounds
  • Shares Issued: 746.26m
  • Volume: 1,442,031
  • Market Cap: £152.24m
  • RiskGrade: 464

AFC Energy fully fires green fuel cell plant in Germany

By Josh White

Date: Monday 01 Feb 2016

LONDON (ShareCast) - (ShareCast News) - AFC Energy was celebrating a week of success for its green fuel cell technology on Monday, having fully fired up its KORE cell-based power plant in Germany.
The AIM-traded industrual fuel cell company said it had successfully delivered gross electrical output in excess of 200kW at its KORE fuel cell power plant in Stade, Lower Saxony.

AFC Energy said the commissioning of the KORE system took place over the last five days, concluding on Sunday.

It said it was the first time all three tiers of its KORE fuel cell system had operated in parallel with each other, dispatching electricity into the German national grid.

So far, more than 1.3MW of power had been generated and sold into the grid under the Power Purchase Agreement AFC had with Statdewerke Stade.

"As a company, we've come an extraordinary distance over the past 12 months and today marks a significant milestone achievement, most importantly being the delivery of a fuel cell stack which has generated in excess of its nameplate capacity of 10kW", said AFC chief executive officer Adam Bond.

"Today marks a significant step forward, demonstrating further de-risking of our technology and validates the decision in December 2014 to accelerate the deployment of AFC's KORE fuel cell system", he added.

The company would now embark on a programme of design optimisation, and develop the second generation of its system with an expectation of being released later in the year.

AFC Energy's board said the second generation would focus on maintaining power output, as well as enhance the system's efficiency, longevity and availability as a whole, while reducing the cost of engineering to ensure the technology remained competitive.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AFC Energy Market Data

Currency UK Pounds
Share Price 20.40p
Change Today -0.40p
% Change -1.92 %
52 Week High 22.00
52 Week Low 11.28
Volume 1,442,031
Shares Issued 746.26m
Market Cap £152.24m
RiskGrade 464

AFC Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.42% below the market average55.42% below the market average55.42% below the market average55.42% below the market average55.42% below the market average
44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average
Price Trend
41.52% above the market average41.52% above the market average41.52% above the market average41.52% above the market average41.52% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Income Not Available
Growth
47.43% below the market average47.43% below the market average47.43% below the market average47.43% below the market average47.43% below the market average
54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

AFC Energy Dividends

No dividends found

Trades for 17-May-2024

Time Volume / Share Price
16:35 27,742 @ 20.40p
16:35 1 @ 20.40p
16:35 10,288 @ 20.40p
16:35 2,710 @ 20.40p
16:35 2,306 @ 20.40p

AFC Energy Key Personnel

CEO Adam Steven Bond
CFO Peter Dixon-Clarke

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