Commencement of KORE Pre-Commissioning in Germany

RNS Number : 8926I

AFC Energy Plc

14 December 2015

 

14 December 2015

AFC Energy PLC

("AFC" or the "Company")

POWER-UP Update - Commencement of KORE Pre-Commissioning in Germany

AFC Energy plc (AIM: AFC), the industrial fuel cell power company, is pleased to announce that the KORE system build at the Stade facility in Germany has now been completed, with all 24 fuel cell cartridges installed.

The Company is scheduled to commence pre-commissioning of the entire system, in manual operation mode, in the week commencing 14th December.

Finalisation of the remaining pre-commissioning activity is expected to take approximately six (6) weeks, in order to optimise the KORE plant, and to set up the entire system for fully automated operation. Accordingly, the results of full commissioning are expected to be announced prior to the end of January 2016.

Mr Adam Bond, AFC's Chief Executive Officer, commented:"Following the achievement of Milestone 10 in October 2015, we have continued to make solid progress towards Milestone 11. However, we still need to complete all pre-commissioning activities before we are able to undertake automated commissioning, and test the KORE system at the targeted 240kW design output. We will provide a further update announcement to the market with the results of commissioning, prior to the end of January, 2016."

For further information, please contact:

AFC Energy plc Adam Bond (Chief Executive Officer)	[phone]
Zeus Capital Limited - Nominated Adviser and Joint Broker Phil Walker, Nicholas How                    Alex Davies, John Goold	[phone]
M C Peat & Co LLP - Joint Broker Charlie Peat	[phone]
Lionsgate Communications - Public Relations Jonathan Charles, Rachel Rigby	[phone]

About AFC Energy

AFC Energy plc is fast approaching commercialisation for its proven low-cost alkaline fuel cell system ("KORE"), which converts hydrogen into 'clean' electricity. AFC's key project POWER-UP will demonstrate the world's largest alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany. The date for the demonstration of the 240kW KORE system has been fast tracked to December 2015, representing the final phase of AFC's pre-commercialisation technical development programme and creating the platform for the Company's global commercial fuel cell deployment. For further information, please visit our website: www.afcenergy.com

 

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