14 December 2015
AFC Energy PLC
("AFC" or the "Company")
POWER-UP Update - Commencement of KORE Pre-Commissioning in Germany
AFC Energy plc (AIM: AFC), the industrial fuel cell power company, is pleased to announce that the KORE system build at the Stade facility in Germany has now been completed, with all 24 fuel cell cartridges installed.
The Company is scheduled to commence pre-commissioning of the entire system, in manual operation mode, in the week commencing 14th December.
Finalisation of the remaining pre-commissioning activity is expected to take approximately six (6) weeks, in order to optimise the KORE plant, and to set up the entire system for fully automated operation. Accordingly, the results of full commissioning are expected to be announced prior to the end of January 2016.
Mr Adam Bond, AFC's Chief Executive Officer, commented:"Following the achievement of Milestone 10 in October 2015, we have continued to make solid progress towards Milestone 11. However, we still need to complete all pre-commissioning activities before we are able to undertake automated commissioning, and test the KORE system at the targeted 240kW design output. We will provide a further update announcement to the market with the results of commissioning, prior to the end of January, 2016."
For further information, please contact:
AFC Energy plc Adam Bond (Chief Executive Officer) |
+44 (0) 20 3697 1209 |
Zeus Capital Limited - Nominated Adviser and Joint Broker Phil Walker, Nicholas How Alex Davies, John Goold |
+44 (0) 3829 5000 |
M C Peat & Co LLP - Joint Broker Charlie Peat |
+44 (0) 20 7104 2334 |
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Lionsgate Communications - Public Relations Jonathan Charles, Rachel Rigby |
+44 (0) 20 3697 1209 |
About AFC Energy
AFC Energy plc is fast approaching commercialisation for its proven low-cost alkaline fuel cell system ("KORE"), which converts hydrogen into 'clean' electricity. AFC's key project POWER-UP will demonstrate the world's largest alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany. The date for the demonstration of the 240kW KORE system has been fast tracked to December 2015, representing the final phase of AFC's pre-commercialisation technical development programme and creating the platform for the Company's global commercial fuel cell deployment. For further information, please visit our website: www.afcenergy.com
