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Fuel cell achieves 12 month longevity
Fuel cell achieves 12 month longevity.
About this update from H-power Plc
[{"type":"text","content":"\n \nRNS Number : 3070K AFC Energy Plc 29 July 2013 \n \n\n29 July 2013\n \n \nAFC Energy plc\n(\"AFC Energy\" or the \"Company\")\n \n \nFuel cell achieves major milestone with 12 months longevity \n \nAFC Energy (AIM: AFC), the fuel cell energy developer for industry, is pleased to announce that its revolutionary low-cost, platinum-free fuel cell electrode has set a new Company longevity and endurance record by delivering continuous electrical power for 12 months. \n \nThe Company's laboratory electrode passed this milestone late last week after remaining operational beyond 8760 hours at its state-of-the-art facility in Dunsfold, Surrey, UK. \n \nThe design and materials used in this electrode have already been validated for volume manufacturing and incorporation into AFC's first 250kW commercial-grade fuel cell system, which has been given the generic name 'Kore' by the Dunsfold team. \n \nThis latest milestone increases confidence in the Company's ability to commercialise its fuel cell power generation systems in major industrial markets and its potential to achieve high returns in countries such as Korea, where fuel cells attract a high level of incentives and where AFC is actively pursuing new partners. \n \nIan Williamson, chief executive of AFC Energy, commented: \"We have proven the robustness of our world class fuel cell technology for industrial and stationary applications with the aim of making it competitive with both renewable and fossil fuel technologies. The next steps are to replicate this 12 month longevity in real world environments, continue improving our electrode power output and introduce our 'Kore' large scale systems. I am confident that we are already well placed to advance our ongoing dialogue with existing and potential new partners to translate today's news into future commercial contracts.\" \n \nAFC Energy has focussed on lowering the cost of fuel cell derived energy by extending fuel cell longevity, improving power output, developing low cost materials and by adapting proven volume manufacturing processes for its fuel cell production. This achievement goes hand-in-hand with the improvements the Company is seeing in power output from its technology, an area where AFC Energy has already made great strides with a 60% increase o...