Intention of building and operating a power station based upon AFC Energy's fuel cell systems

AFC Energy plc (AIM: AFC), the developer of low cost alkaline fuel cells that generate clean electricity from by-product hydrogen, is pleased to announce it has entered into an agreement with WSP Group plc with the intention of building and operating a power station based upon AFC Energy’s fuel cell systems.

During the first stage a 50 kW power station will be constructed to demonstrate AFC Energy’s fuel cell systems working as part of an integrated power station. During the second stage it is intended with commercial support to build a 1 MW power station.

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Both AFC Energy and WSP Group will be inviting other organisations to participate in the project and contribute towards the power station with the aim of showcasing the technologies.

Commenting on the agreement Ian Balchin, Chief Executive, AFC Energy plc said,

“We are delighted to be working with WSP Group to set up a “SuperGreen” power station. This facility will showcase the our technology for generating electricity from hydrogen at almost twice the efficiency of combined heat and power turbines. This project is entirely consistent with both our commercial and technical development plans and we believe it will help to accelerate our commercialisation.”

Stuart McLachlan, Global Managing Director of WSP Environment and Energy stated,

“As a business that is at the forefront of supporting society and commerce to flex in to a low carbon environment, we’re extremely excited to be assisting AFC Energy to develop such innovative, clean, power generation infrastructure.”

For further information please visit www.afcenergy.com or contact:

AFC Energy plc
Tim Yeo, Chairman
Ian Balchin, Chief Executive
01483 276726
Astaire Securities
Shane Gallwey
020 7448 4400
Pelham Public Relations
Chelsea Hayes
020 7337 1523

Source: AFC Energy plc

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