LONDON (ShareCast) - (Sharecast News) - Industrial fuel cell company AFC Energy on Monday said it was now looking for partners to progress with mass production of its hydrogen fuel cell technology.


AFC said it had integrated its fuel cell stack and electrode and while this took "longer than expected", successful trials supported a "greater understanding" of the conditions for operability.

De Nora, an integration partner, and AFC Energy were both said to be working towards further cost reductions in electrode price.

Elsewhere, AFC said Australia's Southern Oil had placed an order for the company's first hydrogen power generation unit.

The AIM-listed firm also kicked off co-development activities with an unnamed European water technology company to power an off-grid drinking water supply and was now able to move ahead with its residential fuel cell programme at Dunsfold Park in the UK after the construction of 1,800 new homes was given the green light.

Adam Bond, AFC Energy's chief executive, said: "Whilst the final basis of design of the fuel cell stack has taken longer than we had hoped, I am encouraged by the results we are now seeing from integrating De Nora's manufactured electrodes with the company's new and greatly improved proprietary fuel cell stack design."

As of 0910 BST, AFC shares were up 1.82% to 11.20p.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE