Business
H-Power Tower Deployment Update
H-Power Tower Deployment Update.
About this update from H-power Plc
[{"type":"text","content":"\n \n \n \n THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER ARTICLE 7 OF THE EU REGULATION 596/2014 AS IT FORMS PART OF THE UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n \n \n \n \n 9 March 2023\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 H-Power Tower Deployment Update\n \n \n \n \n \n \n \n AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to provide an update on its H-Power Tower deployment programme following system validations in 2022. \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n \n \n ·\n H-Power Towers leased for >7,000 hours to date into the UK and European construction market\n \n \n ·\n New contracts signed for >8,000 hours of H-Power Tower lease hire in 2023 so far\n \n \n ·\n Growing order book supported by increase in customer proposals \n \n \n · \n Initial pricing for leases supports sub two year pay back on capital costs with significant capital cost reductions targeted for 2023\n \n \n ·\n Extension of Keltbray H-Power Tower lease agreement for six months at M621 highways project in Leeds \n \n \n ·\n New lease agreement signed with Taylor Woodrow, civil engineering division of global contractor Vinci Construction UK, for H-Power Tower deployment in Bedfordshire alongside National Grid site\n \n \n ·\n New lease agreement signed with Colas Rail for H-Power Tower deployment on the Signaling Framework contract at the Gloucester Area Life Extension Project\n \n \n ·\n Successful completion of first Kier H-Power Tower deployment at Plymouth construction camp\n \n \n \n \n AFC Energy is offering a zero emissions power generation solution to the delivery of sustainable UK and European construction markets through its H-Power Tower launched last year. \n \n \n The H-Power Tower deployments to date, coupled with a growing pipeline of deployments contracted for 2023, highlights the clear role hydrogen is set to play in supporting the decarbonisation of hard to abate ...