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AFC Energy

  • BY: Andrew Hore |
  • POSTED: 24/08/2009 |

Alkali fuel cell developer AFC Energy has signed a letter of intent with INEOS ChlorVinyls to develop a hydrogen fuel cell project for its site in Runcorn, Cheshire.

The fuel cell system will use waste hydrogen from chlorine manufacturing. AFC has already installed a system like this.

AFC delivered a 3.5kW fuel system to AkzoNobel at Bitterfield in Germany on 16 April 2009. On the 22 June 2009 the system produced its first electricity.

The shares fell 0.25p to 11.75p each, which values AFC at £15m. 

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