Business
Strategic Collaboration with Ricardo
Strategic Collaboration with Ricardo.
About this update from H-power Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6087L\n AFC Energy Plc\n 14 January 2021\n \n \n \n \n The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain. \n \n \n 14 January 2021 \n \n \n AFC Energy plc\n \n \n (\"AFC Energy\" or the \"Company\")\n \n \n Strategic Collaboration with Ricardo \n \n \n AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce the signing of a strategic engineering collaboration with Ricardo Energy and Environment, part of Ricardo plc (\"Ricardo\"), an internationally renowned global engineering consultancy with a strong specialisation in decarbonised transportation and clean power generation solutions across 55 offices worldwide. \n \n \n Highlights\n \n \n ● \n AFC Energy and Ricardo have signed a Collaboration Agreement with a primary focus on the joint identification and development of new and innovative solutions through the adoption of AFC Energy's alkaline fuel cell technology. \n \n \n \n \n \n ● \n Key markets of focus include marine (shipping and ports), rail and innovative stationary power generation. \n \n \n \n \n \n ● \n Marine applications will consider the benefits of utilising green ammonia as a key vector for the storage of energy, leveraging the ability of the Company's fuel cell to utilise low cost hydrogen derived from cracked ammonia. \n \n \n \n \n \n ● \n The companies will look to identify the creation of unique alkaline fuel cell products and service offerings with mutual commercial benefits across these key markets for Ricardo clients.\n \n \n \n \n \n ● \n Joint project submissions have already been created by Ricardo and AFC Energy for submission to prospective customers.\n \n \n \n \n \n AFC Energy today announces the signing of the Company's first strategic engineering collaboration agreement with Ricardo, a global leader in the creation of innovative engineering and design solutions with strong credentials across the transportation and energy sectors. \n \n \n The Agreement provides a framework for the two companies to jointly explore and engineer innovative, ...