Business
MoU with John Lewis Partnership
MoU with John Lewis Partnership.
About this update from H-power Plc
[{"type":"text","content":"\n \nRNS Number : 2695E AFC Energy Plc 05 April 2011 \n \n\n5 April 2011\nEmbargoed until 07:00\n \nAFC Energy PLC\n(\"AFC Energy\" or the \"Company\")\n \nCommercial Memorandum of Understanding with John Lewis Partnership \n \n \n AFC Energy plc, a world leading developer of low cost alkaline fuel cells, has signed a commercial Memorandum of Understanding (MoU) with leading retailer the John Lewis Partnership, to evaluate the economic potential of using of its fuel cell system to generate low carbon emission electricity for Waitrose supermarkets and John Lewis stores.\n \nFollowing successful evaluation, the John Lewis Partnership's intention is to order and demonstrate AFC Energy's fuel cell system as part of an integrated low carbon energy generation at a Waitrose store. \n \nThe John Lewis Partnership has underlined its commitment to strong and sustainable business growth with a pledge to deliver an absolute reduction in its carbon emissions by 15 percent by the end of its 2020/21 trading year, whilst simultaneously targeting a doubling of revenue. This commitment is supported by a range of initiatives and targets covering operational emissions from energy, refrigeration and cooling, transport, waste and water. The strategy and focus is to improve the efficiency of all operations, however small, by consistently rolling out suitable and efficient technology across all branches. The inclusion of fuel cell technology will allow further renewable options to the John Lewis Partnership in support of their biomass roll out for energy self-generation.\n \nUtilisation of AFC Energy's technology will enable large corporations to meet their Carbon Reduction Commitment (CRC). As part of this long term strategic plan, the John Lewis Partnership has identified a potential 200,000 tonnes reduction in carbon emissions by taking 150 stores off the electricity grid to generate their own electrical and thermal energy.\n \nIan Balchin, Deputy Chairman, AFC Energy, commented,\"AFC Energy and the John Lewis Partnership have the opportunity to demonstrate a revolutionary solution to distributed low carbon energy. Together we will be able to translate growing demand for low carbon solutions into real-terms cost reduction. I look forward to the prospect of progressing our mutual comm...