Business
Half-year Results
Half-year Results.
About this update from H-power Plc
[{"type":"text","content":"\n \nRNS Number : 7001U AFC Energy Plc 16 July 2018 \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 \n16 July 2018 \n \nAFC Energy PLC\n \n(\"AFC Energy\", \"AFC\" or \"the Company\")\n \nInterim Results for the Half Year Ended 30 April 2018\n \n \nAFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce its interim results for the six-month period ended 30 April 2018.\n \nHighlights\nGrowing Commercial Traction with Partners in Advance of Fuel Cell Deployment \n· Southern Oil Pty Ltd, through its wholly owned subsidiary Northern Oil Pty Ltd, placed an order in July 2018 for the first AFC Energy hydrogen power generation unit in Australia, with brief period of engineering now commencing to finalise final project sizing, scope and commensurate contract terms; \n· Advancement of the commercial fuel cell deployment programme at Dunsfold Park (UK) following receipt of planning approval for the construction of 1,800 residential homes; decision to proceed with the hydrogen initiative expected in 2018;\n· Co-development activities commenced with a European water technology company for the remote powering of off grid drinking water generation solutions for up to several million litres of water per day;\n· Successful integration and operation of AFC Energy fuel cell technology with hydrogen derived from a third-party ammonia cracker under the EU ALKAMMONIA programme;\n· Successful conclusion of the EU POWER-UP programme in Stade, Germany, with AFC Energy receiving its latest funding entitlement in June 2018 from the EU's Fuel Cell and Hydrogen Joint Undertaking;\n· Successful renegotiation and extension of the commercial hydrogen supply agreement with Air Products at Stade, Germany;\n· Appointment of world leading consultancy, FTI Consulting, to independ...