Last 10.25 GBp
Change Today +0.55 / 5.67%
Volume 666.2K
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As of 11:35 AM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

afc energy plc (AFC) Snapshot

9.75 GBp
Previous Close
9.70 GBp
Day High
10.25 GBp
Day Low
9.00 GBp
52 Week High
12/31/13 - 34.75 GBp
52 Week Low
11/18/14 - 7.50 GBp
Market Cap
Average Volume 10 Days
-0.02 GBp
Shares Outstanding
Dividend Yield
Current Stock Chart for AFC ENERGY PLC (AFC)

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afc energy plc (AFC) Details

AFC Energy plc develops and sells alkaline fuel cell technology in the United Kingdom. Its fuel-cell systems use hydrogen to produce clean electricity. The company was founded in 2006 and is based in Cranleigh, the United Kingdom.

38 Employees
Last Reported Date: 03/14/14
Founded in 2006

afc energy plc (AFC) Top Compensated Officers

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Executives, Board Directors

afc energy plc (AFC) Key Developments

AFC Energy plc Provides Update on the Latest Trial of its 25 Fuel Cell Cartridge Undertaken at its Dunsfold Industrial Park Facilities

AFC Energy plc provided an update on the latest trial of its 25 fuel cell cartridge undertaken at its Dunsfold industrial park facilities. Highlights include: Latest 25 fuel cell stack trial outperformed both of the earlier trialsl; a total performance improvement of 10.8% in electrical output relative to the first 25 cell stack trial; Latest test represent large stride forward in validation of KORE system technology as a prelude to commercialisation next year. As context, a fuel cell requires a period of ‘warm up’ from ambient temperature in order to achieve maximum operating performance. To date, AFC has accelerated this process by applying external heat sources to establish and maintain optimum fuel cell operating temperature. The ability to achieve the necessary levels of heat solely through fuel cell reactions in a relatively short period of time, as envisaged in the KORE system, will remove capital from the cost of the fuel cell system and improve the overall system efficiency (making it more affordable to produce and simpler to maintain and operate). As outlined in AFC's RNS of December 8, 2014, the milestone this latest 25 cell stack trial sought to achieve was to confirm that cartridges can achieve operating temperatures (from ambient) using heat produced solely from fuel cell reactions without a loss in cell performance. To date, AFC has successfully conducted three 25 fuel cell stack trials in 2014 using the same electrode configuration with the performance (voltage output). The performance of the second 25 cell stack trial (V3 CB 00070) was materially improved relative to the first (V3 CB 00067) by 6%. However, as AFC has improved its understanding of the operability of its proprietary fuel cell (and its electrode chemistry), the most recent 25 fuel cell stack trial conducted at Dunsfold (V3 CB 00083) and which concluded in early December 2014 outperformed both of the earlier trials and produced the high voltage output of any Beta-based fuel cell cartridge tested at AFC. In relative terms, the latest trial has given a total performance improvement of 10.8% in electrical output relative to the first 25 cell stack (V3 CB 00067). For the first time, this latest trial (V3 CB 00083) was started with a self-heating strategy to demonstrate that fundamental design and operational aspects of the KORE system are robust and sound.

AFC Energy PLC Announces Management Changes

The Board of AFC Energy PLC announced the appointment of Adam Bond as Chief Executive Officer, with immediate effect. Adam's appointment recognises the Board's renewed focus for AFC Energy as it transitions from a leading fuel cell research and development company, to a commercial business seeking to capitalise on the immediate opportunities within the emerging hydrogen economy. Adam has been a non-executive director of AFC Energy since May 2012, giving him a unique understanding of the business and its potential in the global hydrogen market. His understanding of the AFC Energy business, coupled with 15 years of experience in the energy sector, most recently in a position responsible for the commercialisation of underground coal gasification technologies with Linc Energy Ltd, make Adam a valuable addition to AFC Energy's executive management team. The outgoing Chief Executive, Ian Williamson, has taken the decision to resign from AFC Energy and will leave the Company immediately. Gene Lewis, who has been Technical Director of AFC Energy since 2009, is leaving the main board. Gene remains Technical Director and continues to lead the Company's research and development work.

AFC Energy PLC - Analyst/Investor Day

AFC Energy PLC - Analyst/Investor Day


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Price/Sales 18.1x
Price/Book 3.1x
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