Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAFC Energy Share News (AFC)

Share Price Information for AFC Energy (AFC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 17.60
Bid: 17.60
Ask: 17.80
Change: -0.40 (-2.22%)
Spread: 0.20 (1.136%)
Open: 18.20
High: 18.20
Low: 17.60
Prev. Close: 18.00
AFC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

AFC Energy inks fuel cell deal with construction firm Keltbray

Mon, 14th Mar 2022 09:38

(Sharecast News) - Hydrogen power generation technology company AFC Energy announced a collaboration with construction and engineering group Keltbray on Monday, for the lease of its first fuel cell for deployment to a UK construction site.

The AIM-traded firm said Keltbray agreed to lease an initial zero-emission hybrid fuel cell (HFC) power generator, as a "showcase" of how the construction industry could decarbonise sites.

It would be AFC Energy's first UK HFC deployment, with the cell expected to be rolled out at the end of the second quarter.

The two companies also outlined a roadmap to consider further system deployments later in 2022.

AFC said the location of the first system deployment remained under review, but it was expected to be in London.

Keltbray and AFC Energy would work further to build zero emission fuel cell power generators into future tenders for construction work in the UK, the company added.

The firm said that, with the removal of the red diesel subsidy from April, together with recent increases in the price of fuel, construction and other temporary power users were facing material increases in the cost of using generators relative to the cost of clean alternatives.

"AFC Energy is excited to be announcing our collaboration with Keltbray today, highlighting how industry is increasingly playing its role in delivering on society's net zero aspiration here in the UK," said chief executive officer Adam Bond.

"As an innovative and socially responsible UK contractor, Keltbray continues to show great leadership in highlighting, through adoption of hydrogen fuel cell power generator technology, how the construction industry is seeing the benefit of displacing highly polluting fossil fuels in favour of cutting-edge clean energy solutions.

"We are most pleased to be supporting Keltbray, its clients and the sector's transition towards a more sustainable future."

At 0921 GMT, shares in AFC Energy were up 9% at 40p.

More News
7 May 2021 11:46

AIM WINNERS & LOSERS: Tekcapital rises on Belluscura IPO announcement

AIM WINNERS & LOSERS: Tekcapital rises on Belluscura IPO announcement

Read more
28 Apr 2021 15:30

EXECUTIVE CHANGES: Ex-Coca-Cola exec, Cafe Rouge founder for Deliveroo

EXECUTIVE CHANGES: Ex-Coca-Cola exec, Cafe Rouge founder for Deliveroo

Read more
16 Apr 2021 11:31

AFC gets £3.25m investment from ABB Schweiz

(Sharecast News) - Hydrogen power generation technology company AFC Energy announced on Friday that ABB Schweiz was investing £3.25m into it, as a "strong signal of corporate commitment" across the international e-mobility market.

Read more
16 Apr 2021 11:28

TRADING UPDATES: AFC raises GBP36 million; Angle wins service contract

TRADING UPDATES: AFC raises GBP36 million; Angle wins service contract

Read more
15 Apr 2021 12:27

EXECUTIVE CHANGES: Norcros chair out; new Pennpetro, AFC Energy chairs

EXECUTIVE CHANGES: Norcros chair out; new Pennpetro, AFC Energy chairs

Read more
7 Apr 2021 15:57

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
1 Apr 2021 20:29

IN BRIEF: AFC Energy inks deal with Altaaqa Alternative Solutions

IN BRIEF: AFC Energy inks deal with Altaaqa Alternative Solutions

Read more
16 Mar 2021 14:21

TRADING UPDATES: Pelatro in Japan boost; AFC Energy teams with Mace

TRADING UPDATES: Pelatro in Japan boost; AFC Energy teams with Mace

Read more
16 Mar 2021 11:47

AIM WINNERS & LOSERS: Panthera falls on concerns over India mining law

AIM WINNERS & LOSERS: Panthera falls on concerns over India mining law

Read more
1 Mar 2021 11:22

TRADING UPDATES: CentralNic revenue doubles; Augean swing to profit

TRADING UPDATES: CentralNic revenue doubles; Augean swing to profit

Read more
25 Feb 2021 17:58

TRADING UPDATES: Yellow Cake And Asiamet Resources Plan Fundraises

TRADING UPDATES: Yellow Cake And Asiamet Resources Plan Fundraises

Read more
22 Feb 2021 16:09

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
8 Feb 2021 15:45

EXECUTIVE CHANGES: Smart Metering Systems CFO To Leave At March-End

EXECUTIVE CHANGES: Smart Metering Systems CFO To Leave At March-End

Read more
14 Jan 2021 18:07

IN BRIEF: AFC Energy And Ricardo Sign Strategic Collaboration

IN BRIEF: AFC Energy And Ricardo Sign Strategic Collaboration

Read more
16 Dec 2020 13:01

AFC Energy enters strategic partnership with ABB

(Sharecast News) - Hydrogen power generation company AFC Energy announced the signing of a strategic partnership with electrification and digitisation technology firm ABB on Wednesday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.