Are AFC energy on the cusp of greater things?
An RNS was released this morning on the London Stock Exchange from AFC energy a company exploring systems for generating electricity from hydrogen. They've just demonstrated the worlds first electric vehicle charger based on hydrogen fuel cell technology.
Followers of AFC have had a bit of a bumpy ride over the last 12 months with the stock price dropping from 18p to around 4p but things could now be ready for a turnaround....as a holder of AFC's shares I certainly hope so!
An article in Auto Express had this to say
"A UK firm has demonstrated what it claims is the world’s first electric vehicle (EV) charger based on hydrogen fuel cell technology.
Surrey-based AFC Energy’s C2HARGE hydrogen-powered rapid chargers are capable of charging an average EV to 80 per cent capacity in less than an hour, all without having to tap into the National Grid.
EV owners using the C2HARGE system would only see a conventional-looking electric car charger, with much of the tech hidden in the background. Hydrogen for the chargers would be delivered via tanker and stored at the charging station in on-site tanks, before being converted into electricity by a hydrogen fuel cell.
Electricity generated by that fuel cell is then fed into a 40kW battery, from which EV owners draw the charge for their cars. Each C2HARGE unit comprises two EV charge points, capable of dispensing around 140 full charges before the hydrogen tank requires refilling. "
As of writing this morning AFC energy's price is up 13%.