A UK-based company, AFC Energy PLC specializes in developing and commercializing alkaline fuel cells for various applications. This includes stationary power generation and transportation. AFC Share Price as of this post is at 20.53 GBp.
The London Stock Exchange’s AIM has listed AFC Energy PLC under the AFC ticker. The company’s market capitalization was approximately £440 million at that time.
AFC Energy PLC is a British company founded in 2006 by Adam Bond, who currently serves as the company’s Chief Executive Officer. The company focuses on developing and commercializing alkaline fuel cell systems to generate electricity through a chemical reaction between hydrogen and oxygen.
Over the years, AFC Energy has achieved several significant milestones in its efforts to bring its technology to market. In 2014, the company completed the construction and commissioning of its first commercial-scale fuel cell system installed at Air Products’ industrial gas plant in Stade, Germany. The following year, AFC Energy signed a deal with AkzoNobel to develop a fuel cell system for the company’s chemical production processes.
Since then, AFC Energy has continued to progress in its efforts to scale up its technology and bring it to a broader market. In 2018, the company signed a deal with Korea’s Deokyang Co. Ltd to develop fuel cell systems for the Korean market. In 2019, it announced a partnership with Extreme E to supply zero-emission power to its events using its alkaline fuel cell technology.
AFC Energy’s stock has been listed on the London Stock Exchange’s AIM market since 2013. The company has raised significant funding through various rounds of equity financing to support its growth and development.
- Sustainable technology. AFC Energy’s fuel cell technology is a clean and sustainable alternative to traditional power sources. This could increase demand for the company’s products as the world becomes more environmentally conscious.
- Growing market. The market for fuel cell technology is expected to grow significantly over the next few years, driven by increasing demand for clean energy solutions. This could provide a significant opportunity for AFC Energy to increase its market share.
- Diversified portfolio. AFC Energy has a diversified portfolio of products and applications, including industrial, marine, and off-grid power solutions. This could help the company mitigate risk and ensure stable revenue streams.
- Strategic partnerships. AFC Energy has formed partnerships with several leading companies in the energy sector, including Siemens and ABB. These partnerships could provide the company access to new markets and technologies and increase visibility and credibility.
- It has an experienced management team. AFC Energy has a highly experienced management team with a proven track record of success in the energy sector. This could give investors confidence in the company’s ability to execute its strategy and achieve its goals.
Main Competitors of AFC
AFC Energy PLC provides alkaline fuel cell systems for power generation. The fuel cell industry is still relatively small and developing, but several companies could be considered competitors.
Some of AFC Energy’s main competitors in the alkaline fuel cell industry include:
- Ballard Power Systems Inc. – A Canadian company that develops and manufactures proton exchange membrane (PEM) fuel cells and related products.
- Bloom Energy Corporation – A US-based company that designs, manufactures, and sells solid oxide fuel cells for on-site power generation.
- Plug Power Inc. – A US-based company that develops and sells hydrogen fuel cell systems for the material handling and stationary power markets.
- Ceres Power Holdings plc – A UK-based company that develops and manufactures solid oxide fuel cells for the residential, commercial, and transportation markets.
- FuelCell Energy Inc. – A US-based company that develops and produces stationary fuel cell systems for power generation.
- ITM Power plc – A UK-based company that designs and manufactures hydrogen energy systems, including proton exchange membrane (PEM) electrolyzers and fuel cells.