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AFC Energy
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Short description

Developer of low-cost alkaline fuel cell technology, focused on large-scale, industrial applications

Founded in 2006
Founded in

Company type Public Public (AFC)
Company type

Industry Group energy & power

Sector fuel cells

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters United Kingdom Cranleigh, United Kingdom
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Date Company
07/18/2014

Daniel Inc. Daniel Inc.

AFC Energy has announced a major new export deal to provide South Korean power plant operator Daniel Inc with its 1MW alkaline fuel cell system. The partnership will ultimately be worth around $15 million.

Confirmed by Daniel Inc.

Partnerships
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Date Partner Type
10/29/2023
Sunborne Systems Sunborne Systems
Joint test program on ammonia cracking reactors. Sunborne plans to raise Series A funding to run a larger demonstration, targeting 1 MW by 2025
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Confirmed by Sunborne Systems
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IPO INFORMATION

Date

04/19/2007

IPO status

Listed

IPO Type

IPO

Amount

$4.807M

Initial shares

13183034

Ticker symbol

AFC

Exchange listed

AIM

Prospectus URL

Prospectus

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Description

Date Investors Type Amount
07/02/2020 (0)
Post-money valuation of
PIPE $39,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

Alkaline Fuel Cell System

AFC Energy has developed alkaline fuel cell technology with a low lifetime cost of ownership.

Wide Commercial Availability Products - Retail
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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