Share Name Share Symbol Market Type Share ISIN Share Description
Afc Energy Plc LSE:AFC London Ordinary Share GB00B18S7B29 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 1.01% 50.00 622,735 09:35:49
Bid Price Offer Price High Price Low Price Open Price
49.95 50.20 52.50 49.25 52.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment -4.78 -0.80 367
Last Trade Time Trade Type Trade Size Trade Price Currency
09:44:53 O 519 49.9825 GBX

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Afc Energy Daily Update: Afc Energy Plc is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker AFC. The last closing price for Afc Energy was 49.50p.
Afc Energy Plc has a 4 week average price of 47.25p and a 12 week average price of 43.20p.
The 1 year high share price is 92p while the 1 year low share price is currently 33p.
There are currently 734,433,000 shares in issue and the average daily traded volume is 4,198,410 shares. The market capitalisation of Afc Energy Plc is £366,482,067.
skinny: It is so blatant how the whole sector and anything remotely 'connected' get tossed about - all up earlier - all down now. ITM price AFC price CWR price
skinny: Selection for ZeroCoaster Bulk Cargo Ship Design. https://uk.advfn.com/stock-market/london/afc-energy-AFC/share-news/AFC-Energy-Plc-Selection-for-ZeroCoaster-Bulk-Carg/86691016 AEM "S" Series Hydrogen Fuel Cell and Ammonia Cracker Selected for Norwegian ZeroCoaster's Bulk Cargo Ship Design ZeroCoaster Consortium, Led by Vard and including ABB, Trosvik Maritime, SINTEF Ocean and HK Shipping Achieves AiP Milestone from DNV for Ammonia Fuel Cell Propelled Cargo Ship Design AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce a milestone achievement set to unlock adoption of Ammonia and high energy dense alkaline fuel cell technology in the multi-billion-dollar effort to decarbonise the global maritime industry. Highlights -- The ZeroCoaster programme is sponsored by the Norwegian Government and led by global shipping design and build partner Vard Engineering Brevik AS ("VARD"). -- Objective is to design next generation coastal cargo ships to accelerate the transition to zero-emission shipping solutions. -- To meet 2030 decarbonisation targets for the shipping industry, Norway alone is expected to require 1,100 zero or low emission ships, including 450 bulk carrier cargo ships of the type envisaged by ZeroCoaster. -- AFC Energy began work with VARD, ABB and ZeroCoaster partners in June 2021 to design and engineer a modularised bulk carrier cargo ship propulsion system fuelled with green ammonia. -- The technology chosen for the ship's 1.2MW power requirement was AFC Energy's new "S" Series heavy duty marinised platform which is expected to host 2 x 600kW of alkaline fuel cell systems plus ammonia cracking technology within modular 40ft containers. -- International certification agency, DNV, has now awarded "Approval in Principle" (or "AiP") status for the ZeroCoaster ammonia fuelled cargo ship, confirming an independent assessment that the ship's design is feasible and there are no obstacles to the design being commercially realised. -- VARD will now commence commercial discussions with prospective customers for the purchase of new ammonia fuelled ships, featuring AFC Energy's marinised fuel cell and cracker module. The ZeroCoaster programme, coordinated by VARD, a major global ship design and ship build company, aims to evaluate and present zero emission ship design solutions using alternative maritime fuelling systems, including Green Ammonia. The Norwegian focussed ZeroCoaster coastal bulk cargo programme further seeks to highlight novel zero emission solutions capable of scaling and reconfiguring existing and new maritime applications. The programme, funded by the Research Council of Norway, is being conducted using an already developed concept design for the ZeroCoaster cargo ship prepared by VARD, but in this case, is looking to develop design and engineering philosophies that will enable the storage, handling and cracking of Green Ammonia fuel to generate hydrogen which is then utilised within a zero-emission alkaline fuel cell system supplied by AFC Energy for propulsion and auxiliary power. Norway has set targets to reduce emissions with 50% reductions by 2030, with a growing national demand for zero emission vessels along the Norwegian coast. With this focus, up to 1,100 zero emission (or low emission) ships will be required in Norway alone, with up to 450 bulk cargo ships required reflecting the ZeroCoaster concept design. AFC Energy has been working with VARD, ABB and ZeroCoaster partners since June 2021 with the emphasis on integrating a modular, containerised Ammonia cracker design from AFC Energy, alongside the Company's proprietary high energy dense "S" Series fuel cell technology to create a fully marinised power generator fuelled by zero carbon Green Ammonia. The design is capable of both retrofit and new build craft. Green Ammonia has been highlighted as a key fuel to support the decarbonisation of the global maritime industry with estimates suggesting the fuel could be used to decarbonise up to 25-30% of maritime fleets. As an alkaline fuel, adoption of AFC Energy marinised alkaline fuel cell and cracker modules aim to enable a highly efficient, low-cost power solution to displace incumbent bunker fuel. By using simulation-driven-ship design, VARD has developed economic and technical key performance indicators for the adoption of Green Ammonia and fuel cell technologies on ships. DNV, one of the world's leading classification and certification bodies in the maritime industry, and partner to the ZeroCoaster programme, has now evaluated the design and integration of the alkaline fuel cell module with in-built cracker and concluded that the design complies with all relevant maritime rules, regulations and standards. Better known as "Approval in Principle" ("AiP"), DNV's positive assessment of the ZeroCoaster design marks another key milestone in unlocking the vast potential of Green Ammonia as a zero-emission fuel within the maritime industry, alongside deployment of AFC Energy's marinised, high energy dense fuel cell platform and cracker module. The AiP confirms the design is feasible and that there are no obstacles that could prevent the solution from being realised. Andreas Buskop, General Manager, Engineering at Vard Engineering Brevik AS, said : "VARD has long shown leadership in maritime design and innovation with a focus of accelerating the transition to zero emission. We strongly believe in the role Green Ammonia will play in supporting industry's aspirations to "go green", and working alongside industry leaders in alkaline fuel cell technology, AFC Energy, we are pleased to have gained confirmation of our AiP from DNV, highlighting what we understand to be a world first in ship design for ammonia fuel cell and cracker utilisation. We now look forward to further working with AFC Energy in taking this design to commercial fruition". Adam Bond, Chief Executive Officer at AFC Energy, said: "The maritime industry's increasing reliance on Green Ammonia as a decarbonisation fuel lends itself perfectly to AFC Energy's high energy dense alkaline fuel cell technology. Having worked in design concepts for the past six months on the marinisation of our integrated, heavy duty fuel cell and cracker technologies, we are pleased to have been invited to partner with world leading ship designers and builders such as VARD to highlight the potential for the safe and compliant propulsion and auxiliary powering of cargo ships as part of the ZeroCoaster project. Receipt of AiP from DNV is simply a confirmation and validation of the role our technology will play in supporting mariners to achieve stringent greenhouse reduction targets".
skinny: ITM price AFC price CWR price
venjyod: 19 November 2021 RNS AFC Energy PLC ("AFC Energy" or the "Company") Director / PDMR Shareholding AFC Energy (AIM:AFC), the industrial fuel cell power company, has received notice that Gary Bullard, Non-Executive Chairman, purchased 25,000 ordinary shares of 0.1 pence each ("Ordinary Shares") today at a price of 58.38 pence per share. Following this transaction Mr. Bullard has interests in 160,000 Ordinary Shares, representing 0.022% of the Company's issued share capital. The Company has 734,484,668 Ordinary Shares in issue, none of which are held in treasury.
skinny: ABB Sale and Development Agreement. https://uk.advfn.com/stock-market/london/afc-energy-AFC/share-news/AFC-Energy-Plc-ABB-Sale-and-Development-Agreement/86565715 ABB Places First GBP4m "S" Series Fuel Cell Order for Use in High Power e-Mobility Charging And Subscribes for GBP4m of Warrants in AFC Energy AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce the strengthening of its partnership with ABB B.V. ("ABB") in the area of high-power e-Mobility charging through execution of its first Sale and Development Agreement ("the Agreement") in parallel with a subscription for new warrants in the Company. Highlights -- ABB orders first AFC Energy "S" Series fuel cell system for high power e-Mobility charging with a total contract value of GBP4m. -- Proceeds of the GBP4m order will be paid over a combination of system deployment milestones; first upfront payment of GBP2m invoiced immediately. -- The Agreement fast tracks AFC Energy's high energy dense "S" Series anion exchange membrane ("AEM") technology with delivery now expected ahead of schedule. -- Final system procured by ABB to have nameplate capacity of 200kW and be capable of hydrogen and ammonia fuelling. -- 200kW system to be engineered within 10ft shipping container (excl. ammonia cracker) illustrating market leading energy density of AFC Energy's alkaline fuel cell technology. -- Order follows the successful integration trials of AFC Energy's "L" Series fuel cell technology with ABB's energy storage and high power EV charging platforms over the summer of 2021. -- GBP4m subscription by way of warrants at an exercise price of 58.8 pence per share gives ABB the option to increase their shareholding in the Company ("the Warrant Subscription"). -- Contracted delivery of "S" Series 200kW system scheduled for early 2023. -- Order builds on Joint Product Development Agreement and Commercialisation and Marketing Agreements signed with ABB in December 2020. -- 200kW "S" Series product specification to complement parallel use cases in data centres, heavy duty motive (such maritime) and off-grid power markets where ABB and AFC Energy are also collaborating. -- Both ABB and AFC Energy are engaging prospective customers of the new "S" Series system, highlighting the customer pull for the fuel flexible, high energy dense system performance. Frank Muehlon, President of ABB's E-mobility Division, said : "With the accelerating transition to electric vehicles there is an increasingly urgent need for additional fast charging capability and particularly in cost effective areas that are not grid connected or where the grid is constrained. Following our successful system integration in Europe over the summer, we believe AFC Energy's new high power dense, zero-emission, hydrogen fuel cell system to be an important part of our solution that will allow us to make EVs accessible to everyone and further promote sustainable e-Mobility globally." Adam Bond, Chief Executive Officer at AFC Energy, said: "We are delighted to receive our first "S" Series fuel cell system order from ABB, following twelve months of high-quality collaborative work between our two companies. ABB's GBP4m order enables AFC Energy to deliver a 200kW "S" Series charging system in early 2023 which is a material acceleration when set against our previous target of delivering a 10kW stack in the same period. AFC Energy is committed to supporting ABB in delivering sustainable e-Mobility infrastructure to the world's growing fleet of electric vehicles. We believe our new "S" Series fuel cell platform will become the "go to" high performance fuel cell technology capturing multiple fuelling strategies, whilst affording best in class AEM power density and efficiency". Sale and Development Agreement - High Power e-Mobility Charging Applications In December 2020, AFC Energy and ABB signed their first partnership agreements to create the next generation of high power sustainable electric vehicle (EV) charging solutions for grid constrained locations. These systems are to be powered by AFC Energy's zero emission fuel cell technology. The identified target market is ABB customers in regions where grid connectivity is absent or constrained for high power EV charging - a challenge becoming increasingly prevalent with the increase in vehicle electrification and the growing demand for rapid charging capability. Over the summer, both companies successfully delivered a fully integrated charging system at ABB's packaging facility in Estonia. AFC Energy's "L" Series fuel cell technology was operated in conjunction with ABB's energy storage and EV charging technology for the first time, validating the operability and communications architecture developed by the companies in the first half of 2021. Following progress made by AFC Energy in delivering on its new high energy dense "S" Series AEM fuel cell technology, ABB and AFC Energy have now entered into a Sale and Development Agreement ("the Agreement") for the purchase of a 200kW hydrogen powered fuel cell generator. The fuel cell generator is expected to demonstrate a market leading energy density from an anion exchange membrane fuel cell and be housed in a container approximating the size of a 10ft shipping container. Importantly, the generator will be able to utilise both hydrogen and ammonia (as a hydrogen carrier) as its primary feedstock. Proceeds received by AFC Energy under the Agreement will total GBP4m. Of this amount, GBP2m will be payable upon the signing of the Agreement, with two equal remaining milestone payments receivable on validation of system performance. Proceeds will be used to support the costs of system development and testing, together with recovery of AFC Energy overheads and the system's overall purchase cost. The 200kW system will be deployed at a customer or corporate location of ABB's choosing. Warrant Subscription To further align the interests of ABB and AFC Energy, ABB has been granted warrants to subscribe for 6,802,720 Ordinary Shares in the Company at an exercise price of 58.8 pence, being the market closing price on Friday 12(th) November 2021. The warrants vest across three contingent tranches linked to receipt by AFC Energy of milestone payments under the Sale and Development Agreement, including the GBP2m payment receivable upon signing. The warrants have an exercise period of twenty-four months from the date of each respective tranche's vesting date. Any shares acquired under the terms of the warrants must be held for a minimum of 6 months following issuance. The warrants will not be transferable and will not be listed on AIM or any other exchange or market. -- ABB orders first AFC Energy "S" Series fuel cell system for high power e-Mobility charging with a total contract value of GBP4m. -- Proceeds of the GBP4m order will be paid over a combination of system deployment milestones; first upfront payment of GBP2m invoiced immediately. -- GBP4m subscription by way of warrants at an exercise price of 58.8 pence per share gives ABB the option to increase their shareholding in the Company ("the Warrant Subscription"). -- Both ABB and AFC Energy are engaging prospective customers of the new "S" Series system, highlighting the customer pull for the fuel flexible, high energy dense system performance.
haggismchaggis: I've said in the past a few times that GridServe could be a good client for AFC, due to their big EV Hub installations, where due to the sheer size of what they are installing in each site will cause problems with grid capacity, which AFC can fix. Also I've said that Ionity would be another good client for AFC, as they need to build out capacity on Motorways, and we know from press articles that these are notoriously short of grid capacity and require expensive Substations and loads of roadworks to get them up to the capacity they will need to be to reach the UK's targets. AFC can easily fix the issue. In both cases, AFC could be a permanent solution, or a temporary one whilst they await the grid upgrades over a few years, and moved from site to site as grid upgrades progress. AFC also advised a while back that they were talking to companies installing EV charging hubs, and I suggested GridServe at the time. Now we see the ABB Porsche Taycan Road Trip stopped to charge at ABB EV Charging Partner sites of Ionity and Gridserve, so to me it suggests that Ionity and GridServe are waiting for the ABB + AFC High Power EV Charger to be available for testing.
davemarn: AFC has done fine? ANGS: Big Potential Re-Rate for me * First time in 2 years a Project is about to become a reality early 2022 * A 400% rise in gas prices – they have 51% stake in onshore Saltfleeby Gas Asset * 52% recent upgrade to NPV10 from a revised CPR of Gas Asset now £25.5m (£9m market cap) * £12m fully funded Gas Project * Sidetrack to Gas Project Planning Permission in place to try and double output * £1.4m Convertible Loan Note holdings extended deadline to April 2023 for final payment! * 2x Director Buys of 1m each mid 2021 * £8m potential funding with Aleph and Associates for a valid Geothermal play * 165m Warrants of £2.1m at 1.36p average potentially available * 26m Employee Options at 1.5p but fully vesting at 2p too * Management believes 3.5p per share is Fair Value vs. 0.90p share price * Legacy Oil Assets and failed projects knocked share price and confidence of Long Term Holders * Geothermal Progress Seems Slow * Harmonics showing 2-3.5p target for me Https://twitter.com/zopelyforver/status/1456391145995579398 WTFDIK GLA
haggismchaggis: A video to watch again, or for newcomers to watch for the first time, as it has a lot of information that some may have forgotten or are not aware of. . When Adam joined AFC, the company was using 99.999% pure Hydrogen and paying about £10 to £12 per cubic metre for it. . By changing to 99.9% pure Hydrogen, the cost dropped to under £2 per per cubic metre "and it's continuing to fall from there". . So the Hydrogen cost saving is 80% to 83% just by dropping purity by 1%. . We can see from the results of the Alkamonia project that AFC Fuel Cells can use 'dirty' Hydrogen cracked from Ammonia at 97.5% pure. It's common sense that this has to be a fair bit cheaper than 99.9% pure Hydrogen, as we would be dropping purity by 2.4%. . AB also mentioned the fact Japan was going to import Hydrogen as Ammonia, so I suspect AFC are already talking to prospective partners in Japan about rolling out AFC FC systems. . L Series and S Series "Probably the lowest cost electricity from a fuel cell in the market today" says AB, in 2019, two years ago. Since then we have made further cost reductions, including in the cost of Hydrogen by our use of 97.5% purity. . Info taken from the AB interview here: hTTps://www.youtube.com/watch?v=iQGG0PV65FQ . HydroX-Cell(L)TM has been extensively tested on Hydrogen derived from cracked ammonia. Ammonia once cracked provides, by volume, 75% hydrogen, 25% nitrogen and between 200-600 parts per million of ammonia. Despite this mixed feed and due to the Alkaline Fuel Cell’s unique qualities, the AFC Energy fuel cell has shown negligible performance degradation versus 99.9% grade Hydrogen . hTTps://www.afcenergy.com/products/hydrox-cell_l/
haggismchaggis: Institutional Investors! . I was looking at Solactive today, as they have AFC listed in their Solactive Hydrogen Economy Index NTR, which is used by Legal & General Investment Management for their L&G Hydrogen Economy UCITS ETF fund. . hTTps://fundcentres.lgim.com/at/professional/fund-centre/ETF/Hydrogen-Economy/#Overview . . Solactive are an outsourcing company that create Indexes for their Institutional Investor clients to use as the basis for their Funds. . "The development of indices is one of our key areas of expertise. While new indices can be set up based on a client’s existing concept, they’re often the result of a client coming to us with a rough idea, or are based on a concept jointly developed with our client – a highly flexible approach." . . I now see that AFC are listed in many other Solactive Indexes, including several other Hydrogen ones. AFC also feature in some ESG (Environmental, Social and Governance) Indexes. What is also very interesting is to see AFC are in some Wilderhill Indexes, such as Wilderhill Clean Ocean Indexes and Wilderhill New Energy Global Indexes. . You can see the full list here: hTTps://www.solactive.com/?s=afc+energy . Wildershares are USA company hTTps://wildershares.com/ . Have a read of the themes here: hTTps://wildershares.com/stock.php . Also worth a read hTTps://wildershares.com/solar.php . The main point here, is that these Indexes will be used by many Institutional Investors, as a basis for their own Funds.
prmoldoaks: 03 November 2021 AFC Energy plc ("AFC Energy" or the "Company") HRH The Prince of Wales views fuel cell demonstration by AFC Energy at COP26 03 November 2021, Glasgow - Today at the COP26 Conference, HRH The Prince of Wales, saw a demonstration of AFC Energy's zero-emission Hydrogen power generator that has featured in the inaugural Extreme E all-electric SUV racing series in 2021 His Royal Highness was hosting McLaren Racing's event where Zak Brown, McLaren Racing CEO, confirmed their entry into Extreme E in 2022 and announced Emma Gilmour as the team's first-ever female driver. McLaren will be the latest team to join the series, raising awareness of the impact of climate change, participating in Extreme E's robust legacy programmes, and leaving a lasting footprint by engaging its fans around the world to take climate action. His Royal Highness was also able to see a demonstration, given by AFC Energy's CEO, Adam Bond, of how hydrogen fuelled power generation, an alternative zero emission off grid power source, is being pioneered by Extreme E and all its race teams in a world first to remotely charge the electric SUVs competing in the series in a completely sustainable manner. The fuel cell system engineered and designed by AFC Energy in collaboration with Extreme E, has successfully featured in each of the first four races of the 2021 season, charging race vehicles successfully in Saudi Arabia, Senegal, Greenland and Sardinia without harmful greenhouse emissions. Operation of AFC Energy's genuinely sustainable clean energy system has been witnessed at each race location by representatives from industry and off-grid power users seeking to address the evolving transition from diesel fuelled power, thereby delivering on Extreme E's aspiration of mixing sport with purpose in order to inspire long term change. Adam Bond, Chief Executive Officer of AFC Energy, said: " It was an honour to meet HRH The Prince of Wales at COP26 and to demonstrate the real-world application of our technology. We were able to show how AFC Energy, a British business champion, is at the forefront of clean tech innovation and focused on developing the solutions needed to limit the effects of climate change. "I am delighted to see another famous marque like McLaren join Extreme E and want to thank Zak and the team for inviting us to join today's event and allowing us to showcase our zero emission hydrogen power generators."
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