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ACCIONA Collaboration
ACCIONA Collaboration.
About this update from H-power Plc
[{"type":"text","content":"\n \n \n RNS Number : 4528O\n AFC Energy Plc\n 01 June 2020\n \n \n \n \n The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain. \n \n \n \n \n \n 1 June 2020\n \n \n AFC Energy plc\n \n \n (\"AFC Energy\" or \"the Company\")\n \n \n ACCIONA and AFC Energy Announce H-PowerTM Field Trial for Construction Market\n \n \n AFC Energy (AIM: AFC), \n a leading provider of hydrogen power generation technologies, is pleased to announce its collaboration with ACCIONA to field trial AFC Energy's H-PowerTM fuel cell platform as part of a strategy to decarbonise construction sites in Europe and elsewhere. \n \n \n Highlights\n \n \n · \n ACCIONA is one of the world's leading construction companies and a significant global energy company operating exclusively in the renewable energy sector.\n \n \n \n \n \n · \n ACCIONA and AFC Energy agree to hold field tests of a containerised 160kW H-PowerTM fuel cell system at a Spanish construction site in early 2021.\n \n \n \n \n \n · \n Agreement is part of a wider strategy of both companies to reduce emissions on construction sites.\n \n \n \n \n \n · \n Both Hydrogen and Ammonia to be used to support comparative fuel evaluation within H-PowerTM system.\n \n \n \n \n \n · \n Cost of project to be shared between the parties. \n \n \n Decarbonisation of the construction sector is a critical objective for the delivery of a NET ZERO economy and is therefore a key market focus for AFC Energy's H-PowerTM fuel cell system. With an acute awareness emerging of the impact diesel generation from construction has on air quality post COVID-19, this objective is likely to be increasingly regulated and enforced by Governments. \n \n \n As one of the world's leading construction companies with a multi-gigawatt portfolio of renewable energy investments across the world, ACCIONA, through its construction business line, has entered into an Agreement with AFC Energy to conduct field tests of a containerised 160kW H-PowerTM system at one of its Spanish construction sites. In addition to a containerised H-PowerTM fuel cell system, ACCIONA...