30 October 2013: Waste2Tricity International (Thailand) Ltd (W2TI(T)) , the cutting edge structured solutions provider for the waste to energy sector, today announced it has acquired
the exclusive rights for AFC Energy PLC (AIM: AFC) hydrogen fuel cells for deployment in the
Thailand energy-from-waste sector. W2T already owns the deployment rights for the UK and
has secured the right of first refusal for additional territories including Europe and North
America.
W2TI(T) has entered into the licence agreement with AFC Energy, making the company the
exclusive Thai agent for AFC’s revolutionary fuel cells for gasification of waste applications.
Deployment of the commercial fuel cell will enable W2TI(T) to establish this viral technology
in the Thai waste to energy market. Combined with Alter NRG’s Westinghouse Plasma
Gasification Technology as the front end conversion, the AFC Energy fuel cells create a
commercial model that will substantially outperform any other proposal. This model will allow
W2T to revolutionise the Thai waste market, offering payment for waste feedstock instead of
requiring suppliers to pay a gate fee.
The programme will therefore create a paradigm shift in the waste-to-energy market in
Thailand and will enable W2T to establish market dominance with projects similar to the
waste to the energy plant currently being built by Air Products in Tees Valley
(http://www.airproducts.co.uk/teesvalley/) which is intended to be operational in 2014.W2T
was instrumental in bringing together the parties for this project and identified both the
Teesside site and the waste supplier for Air Products.
Piangkwan Thummukgool, Director of Waste2Tricity Ltd and Project Director of the Thailand
programme said, “This is the beginning of our thrust into the burgeoning waste-to-energy
market in Thailand. We have engaged with numerous waste suppliers and they are attracted
by the commercial opportunity that our technologies provide. Our presence in Thailand is
established and we will be accelerating our programme with the leading technologies for
waste conversion and looking to create a hydrogen opportunity for the AFC Energy fuel cells.
This programme will put Thailand at the forefront of both the Hydrogen Economy and of creating low carbon electricity opportunities, using indigenous feedstock to replace imported
energy. Waste2tricity is projecting the potential deployment of over 230 MW’s of fuel cells in
the three projects currently in negotiation, with more in the pipeline.”
Ian Williamson, CEO of AFC Energy PLC said, “We welcome this ground-breaking
relationship with Waste2Tricity International (Thailand) and the opportunity it affords for the
early roll out of our fuel cell technology in to the waste-to-energy market. This licence is the
second with Waste2tricity, who have already secured the exclusive rights in the UK for waste
to energy applications of the fuel cell involving gasification of wastes.”
Established in 2008, Waste2Tricity works with clients and partners to develop, fund and
support EfW deployment projects that integrate proven plasma gasification and internal
combustion engines/gas turbines (ICEs/GTs). Shareholders at the global waste solutions firm
include Roman Abramovich’s Ervington Investments, who acquired a 10% share capital stake
in November last year. Waste2tricty was actively involved with the $500 million Air Products
Tees Valley Renewable Energy Facility (TV1), a 350,000 ton 50MW program utilising Alter
NRG Westinghouse waste to energy project currently being built in Tees Valley and
subsequently the announcement of TV2, a duplicate project adjacent to TV1.
-Ends-
Notes to Editors
Waste2Tricity
Waste2tricity is a structured solutions provider for the waste to energy sector. Its
shareholders include Ervington Investments (UBO Roman Abramovich), Age of Reason
Foundation and Eturab, all of whom are substantial shareholders in AFC Energy and/or Alter
NRG Westinghouse and represent approx. 30% of each company. For more information, visit
Waste2Tricity at www.waste2tricity.com
Say Communications
Sue Glanville/ Cate Bonthuys
Tel: +44 (0) 20 8971 6400
sglanville@saycomms.co.uk / cbonthuys@saycomms.co.uk
AFC Energy
Founded in 2006, AFC Energy plc is re-engineering proven alkaline fuel cell technology to
reduce the cost of electricity. Alkaline fuel cells have been used on US and Russian manned
space missions for decades to provide electrical power and drinking water. By using modern
materials, design tools and manufacturing processes at scale, AFC Energy is developing fuel
cells that will compete with conventional technologies such as turbines for electrical power
generation. Today, AFC Energy is pursuing opportunities in several sectors where hydrogen
is readily available including the chlorine, clean coal and waste-to-energy industries as well
as applications for distributed/back-up power. For further information, please visit our
website: www.afcenergy.com.
Alter NRG
Alter NRG provides alternative energy solutions to meet the growing demand for
environmentally responsible and economically viable energy in world markets. Alter
NRG’s primary objective is to further commercialize the Westinghouse Plasma
Gasification Technology, through its wholly owned subsidiary, to provide renewable
and clean energy solutions from a wide variety of feedstocks, and provide a wide variety
of energy outputs – including liquid fuels like ethanol and diesel, electrical power,
and syngas: www.alternrg.com