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Achievement of Milestone Electrode Performance
Achievement of Milestone Electrode Performance.
About this update from H-power Plc
[{"type":"text","content":"\n \nRNS Number : 1094K AFC Energy Plc 27 August 2019 \n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service (\"RIS\"), this inside information is now considered to be in the public domain.\n \n \n27 August 2019 \n \nAFC Energy PLC\n \n(\"AFC Energy\" or the \"Company\")\n \nAFC Energy and De Nora Achieve Milestone Electrode Performance \n \nAFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, today confirms it has achieved a milestone continuous twelve months operation of its fuel cell electrode, developed in partnership with Industrie De Nora S.p.A (\"De Nora\"), and is on track to achieve targeted electrode longevity. \n \nHighlights\n \n· Results of twelve-month operation of fuel cell electrode at AFC Energy's head office supports potential to achieve electrode life expectancy, for continuous use operations, in excess of four years. \n \n· Over the twelve-month test, electrode degradation rates have continued to improve with time.\n \n· Four-year electrode lifetime consistent with targeted commercial longevity necessary to drive down cost of power and achieve a power conversion cost of < US$0.10 / kWh (excl. fuel cost).\n \n· AFC Energy and De Nora continue to develop the electrode technology and are confident that further improvements in electrode performance and reduction in cost are feasible.\n \n \nDelivery of an electrode technology capable of achieving target longevity and performance is critical to the successful commercialisation of any fuel cell technology. \n \nTo assess electrode longevity, AFC Energy initiated a long-term continuous operations test in August 2018. We are pleased to report that the first anniversary of the electrode operation has now been achieved. At this time, based on linear regression analysis from the test programme, there have been no significant adverse trends which would indicate that ...