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Project Update

Project Update.

articleH-power PlcJune 22, 20094/company/afc-energy-plc/news/project-update-57
Project Update

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[{"type":"text","content":"\n RNS Number : 2401U AFC Energy Plc 22 June 2009  \n \n22nd June 2009\n\n \nAFC Energy PLC\n('AFC Energy' or the 'Company')\n \nUpdate on AkzoNobel Installation\n \nAFC Energy, the low cost fuel cell company, is pleased to announce the demonstration of its fuel cell system successfully operating on industrially produced hydrogen at AkzoNobel's chlor-alkali plant in Bitterfeld, Germany.\n \nIn further detail, following the announcement made by the Company on the 16 April 2009 that it had delivered a fuel cell system to AkzoNobel, the company has successfully completed its: \n\n\npractical review of the installation methodology and system integration. \n\n\ninstallation of the fuel cell system\n\n\ntesting of the fuel cell system, using standard electrodes\n\n\ndemonstration of ease and speed of installation and changing of its electrode cartridge system\n\n\nrepeated start up, thermal and load cycling tests\n\n\ndemonstration of electricity generation using industrially produced hydrogen taken directly from a chlor-alkali plant without pre-treatment.\n\n\nTesting of invertor technology by feeding electricity produced from the fuel cell system into AkzoNobel's electricity grid.\n\n\nThe next significant phase will be to bring the fuel cell system to full commercial operation at Bitterfeld, by installing AFC Energy's proprietary low cost electrodes, and then deliver further fully operational systems. Work will continue both at AFC Energy's headquarters and on site at Bitterfeld to ensure progressive improvements to system performance so as to achieve full design specification. In particular, AFC Energy's work will be concentrating on optimising its proprietary low cost electrodes on an iterative basis.\n \nThe commercial goal of AFC Energy is that of an Energy Supply Company ('ESCO') whereby a customer supplies AFC Energy with hydrogen and AFC Energy sells electricity back to the customer or to the grid. The Company intends to initiate commercial discussions with interested parties for the joint development of ESCO models within the chlor-alkali industry where favourable subsidies in Europe and rising electricity prices are enabling the construction of business models with the potential for rapid payback of capital.\n \nIan Balchin, AFC Energy's Managing Directo...

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