Business
Stade Update
Stade Update.
About this update from H-power Plc
[{"type":"text","content":"\n\n \n18 July 2023\n \n \nAFC Energy PLC\n(\"AFC Energy\" or the \"Company\")\n \nAFC Energy's German Facility Prepares for Growth in Fuel Cell Factory Acceptance Testing\n \n\nAFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to confirm it has renewed its Air Products GmbH (\"Air Products\") collaboration with a five year hydrogen supply agreement and site lease at Stade in Northern Germany. \n \nHighlights\n \n\n\n· Stade facility to become AFC Energy's preferred facility for H-Power Generator factory acceptance testing (\"FAT\") in preparation for growth in system deployments. \n· Collaboration includes a five year hydrogen offtake agreement at the Stade site near Hamburg.\n· Confirms AFC Energy's commitment to the European hydrogen market, in particular Germany, which continues to see sizeable growth in market size and hydrogen availability. \n· Germany chosen for FAT due to a materially lower price of hydrogen fuel versus the UK\n· Review to be undertaken for co-locating further development and large scale contract manufacturing of H-Power Generators in Germany or Europe to take advantage of growing market interest. \n\n\nAFC Energy is pleased to announce the renewal of its collaboration with Air Products, the world's largest hydrogen producer, through the repurposing of the Company's existing hydrogen fuel cell facility in Stade, North Germany.\nThe site, originally constructed in 2015 by AFC Energy to house the EU co-funded \"Power-Up\" programme, will now be repurposed to provide FAT of its H-Power Generator series of fuel cell systems. With the site's existing hydrogen supply infrastructure and grid connection, the repurposing of the site will require nominal investment. \nThe Stade facility is expected to employ a small number of local staff to conduct system testing and diagnostics in advance of customer deployments. It will also position AFC Energy to support a growing number of H-Power Generator deployments in Germany and Continental Europe.\nThe European Union continues to invest heavily in its hydroge...