AFC Energy – its first power fuel cell has been deployed in Spain as part of its partnership with construction group Acciona.
More than 300 hours of operations have been logged at the site near Cadiz.
AFC Energy PLC (AIM:AFC, OTC:AFGYF, ETR:QC8) said its first power fuel cell has been deployed in Spain as part of its partnership with construction group Acciona.
The hydrogen-powered “S” series tower has replaced diesel generators at a road construction site north of Cadiz.
So far, more than 300 hours of operations have been logged at the site, AFC added, with 400kWhs of zero-emission power generated since mid-August 2022.
According to Acciona, it is one of the first times such zero-emission hydrogen technology has been deployed on a European construction site.
Adam Bond, AFC Energy’s chief executive, said:
Acciona is at the vanguard of efforts to decarbonise the construction site and we are thrilled to see their validation of the ongoing success achieved in our first “S” series fuel cell deployment of the new Power Tower fuel cell series.
“The Power Tower configured as a stand-alone or modular, scalable system can deliver zero-emission power when needed to support industry’s transition away from pollutant diesel generators.”
Broker Peel Hunt noted Acciona, which has been net zero carbon emissions since 2016, has committed to reducing direct and energy consumption emissions by 60% between 2017 and 2030.
‘Buy’ with a 195p target price, added the broker.
AFC Energy deploys first construction site fuel cell in Spain Acciona, October 3, 2022