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AFC Energy (LSE:AFC)

The company is engaged in developing alkaline fuel cell systems that use hydrogen to produce clean electricity. Alkaline fuel cells have been around for some time. First developed back in 1839, they were used to power the US manned space missions, but at that time the technology was too expensive to be commercially-viable. The company is completely focused on developing a low cost fuel cell system. Alkaline fuel cells are among the most efficient with electrical efficiency at over 60% and achieve lower costs through an operating temperature of just 70 degrees centigrade. The lower the temperature, the lower the cost of the materials needed to create a working and reliable electrode and system, so the fuel cell system is being developed utilising low cost injected moulded plastic and rubber sealants.

20.90p 0.40p (0.02) Friday, 10 July 2020 at 17:06:16 British Summer Time

About

Last updated 10-07-2020, 05:06:16pm BST
Current Price 20.90p
Today's Change 0.40p (2%)
Close Price 20.80p
Open Price 21.80p
Bid 16.00p
Ask 23.40p
Day Range 20.60p - 21.80p
Year Range 3.61p - 39.00p
Volume 2,729,588
Average Volume 7,414,792
Market Cap £ 157,812,925
EPS (ttm) -0.01p

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