AFC Energy Plc Mace Dragados to lease AFC Power Tower for UK site (9210R)
July 11 2022 - 2:00AM
UK Regulatory
TIDMAFC
RNS Number : 9210R
AFC Energy Plc
11 July 2022
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11 July 2022
AFC Energy PLC
("AFC Energy" or the "Company")
Mace Dragados Set to Adopt Hydrogen Fueled Power Tower on UK
Construction Site
AFC Energy (AIM: AFC), a leading provider of hydrogen power
generation technologies, is pleased to announce an agreement has
been reached for the deployment of a further Power Tower fuel cell
generator system in support of the decarbonisation of a London
based construction site.
The Power Tower hydrogen power generator will be leased to the
Mace Dragados Joint Venture ("Mace Dragados") for deployment at a
high-profile UK infrastructure project during the second half of
2022. The project client will provide full details of the
deployment in due course.
This agreement is the basis for a longer-term collaboration to
support Mace Dragados' sustainability aspirations through adoption
of zero emission energy where grid supply is constrained.
AFC Energy's series of lease agreements with UK and
international construction companies validates the role hydrogen is
set to play in the decarbonisation of industry and is the first
phase towards establishing more traditional models of selling units
to plant hire companies and creating a critical mass of large-scale
fuel cell system deployment.
Adam Bond, Chief Executive Officer at AFC Energy, said:
"Our new Power Towers represent a significant step forward in
hydrogen fuel cell technology. We are now working with a number of
UK and European construction companies and are accelerating
progress towards establishing a critical mass of large-scale
deployment across these regions to enable the construction sector
and other temporary power operators to transition away from highly
pollutant diesel generators."
For further information, please contact:
AFC Energy plc +44 (0) 14 8327 6726
Adam Bond (Chief Executive Officer) investors@afcenergy.com
Ben Bradshaw (Head of Marketing)
Peel Hunt LLP - Nominated Adviser and Joint
Broker
Richard Crichton / Tom Ballard / Alexander
Allen +44 (0) 207 418 8900
M C Peat & Co LLP - Joint Broker
Charlie Peat +44 (0) 20 7104 2334
Zeus Capital Limited - Joint Broker
Daniel Harris / James Hornigold (Investment
Banking)
Dominic King (Corporate Broking) / Rupert
Woolfenden (Sales) +44 (0) 203 829 5000
+44 (0) 203 727 1000
FTI Consulting - Financial PR Advisors afcenergy@fticonsulting.com
Ben Brewerton / Nick Hennis / Dhruv Soni
About AFC Energy
AFC Energy plc is commercialising scalable "fuel flexible" fuel
cell systems, to provide clean electricity for on and off grid
applications. The technology, pioneered over the past twelve years
in the UK, is now deployable in electric vehicle chargers, off-grid
decentralised power systems and data centre applications with
emerging opportunities across maritime and rail as part of a
portfolio approach to the decarbonisation of local electricity
needs.
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END
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