Business
Receipt of ?2.052m from Joint Undertaking
Receipt of ?2.052m from Joint Undertaking.
About this update from H-power Plc
[{"type":"text","content":"\n \nRNS Number : 3295B AFC Energy Plc 16 June 2016 \n\n16 June 2016\n \nAFC Energy PLC\n \n(\"AFC Energy\" or the \"Company\")\n \n \nReceipt of €2.052m from Fuel Cells and Hydrogen Joint Undertaking \n \nAFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce that it has received a net cash payment from the European Union's Fuel Cells and Hydrogen Joint Undertaking of €2.052m after taking into account net cash payments to other project partners within the POWER-UP programme. These funds are related to the POWER-UP project for the period ended 30 June 2015; a further claim for the period ending 30 June 2016 is due to be submitted shortly.\n \nFor further information, please contact:\n\n\n\n\nAFC Energy plc\nAdam Bond (Chief Executive Officer)\n \n\n\n \n+44 (0) 20 3697 1209\n\n\n\n\nCantor Fitzgerald Europe - Nominated Adviser and Joint Broker\nAndrew Craig\nRichard Salmond \n \n\n\n \n+44 (0) 20 7894 7000\n\n\n\n\nM C Peat & Co LLP - Joint Broker\nCharlie Peat\n\n\n \n+44 (0) 20 7104 2334\n\n\n\n\n \n\n\n \n\n\n\n\nLionsgate Communications - Public Relations\nJonathan Charles\n \n \n\n\n \n+44 (0) 20 3697 1209\n\n\n\n\n \nAbout AFC Energy\n \nAFC Energy plc has developed and successfully operated an alkaline fuel cell system (\"KORE\"), which converts hydrogen into \"clean\" electricity. AFC Energy's key project POWER-UP demonstrated the world's largest operational alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany in January 2016. The Company is now looking to build upon an already established pipeline of commercial opportunities and drive the findings from the development phase of the technology into a technically optimised and commercially relevant fuel cell system. For further information, please visit our website: www.afcenergy.com\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCQELFFQQFXBBQ\n ","length":4802,"tagName":"div"}]