AFC Energy Plc (AFGYF)

[Pennybuster]

AFC Energy plc is a United Kingdom-based industrial fuel cell power company. The Company develops alkaline fuel-cell systems using hydrogen to produce electricity. The Company installs, owns, operates and maintains alkaline fuel cell power projects. It operates through development of fuel cells segment. It participates in over three projects, including LASERCELL, ALKAMMONIA and POWER-UP. POWER-UP project involves the construction and delivery of the alkaline fuel cell system to an operational site in Germany. POWER-UP project includes installation of approximately 500 kilowatt-electric fuel cell system in over two phases, including 250 kilowatt each. ALKAMMONIA project integrates alkaline fuel cell system, fuel processing system and an ammonia fuel system. It focuses on regions that offer market conditions for electricity generated from fuel cells. Its alkaline fuel cell is fed with hydrogen that chemically reacts with scrubbed air to produce water, heat and electricity.