Business
"Ammonia to Hydrogen" Cracker Technology Launch
"Ammonia to Hydrogen" Cracker Technology Launch.
About this update from H-power Plc
[{"type":"text","content":"\n \n \n \n \n \n 23 March 2023\n \n \n \n \n \n \n \n \n \n \n \n \n \n AFC Energy PLC\n \n \n \n (\"AFC Energy\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n Advanced \"Ammonia to Hydrogen\" Cracker Technology Launch\n \n \n \n \n \n \n \n \n \n \n AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce the launch of its new advanced ammonia cracker technology platform. \n \n \n \n \n \n The Company's new cracker technology is an innovative, new hydrogen generation solution that aims to unlock the value of ammonia as a hydrogen carrier fuel across target markets in Europe and Asia. \n \n \n \n \n \n The Hydrogen Council now predicts that investment in international hydrogen trade is forecast to grow to US$150 billion by 2030, before increasing to US$1.5 trillion by 2050. A large percentage is forecast to be via synthetic fuels such as ammonia, highlighting the high growth in demand for ammonia cracking technology in order to liberate hydrogen from the carrier fuel. \n \n \n \n \n \n Originally focused on maritime applications, AFC Energy's modular, scalable ammonia cracker technology will support the decentralized generation of low cost hydrogen, further enabling the Company's fuel cell technology in regions affected by hydrogen storage and transport challenges. The cracker will also create new commercial opportunities as a standalone product capable for stationary, modular hydrogen generation across the global hydrogen value chain. \n \n \n \n \n \n The launch follows extensive cracker reactor validation testing over the past two years and completed in March at the Company's UK test facilities. Larger modular cracker system prototypes are expected within twelve months and initial commercial deployments expected during 2025.\n \n \n \n \n \n AFC Energy's ammonia cracker is complementary to the Company's existing fuel cell platform and supports fuel cell system salability in key markets where hydrogen supply logistics can be challenging. \n \n \n \n \n \n AFC Energy is seeing interest from European utilities, green and blue ammonia producers, ship owners, and heavy plant and equipment manufacturers and exploring near term commercial partnerships.\n \n \...