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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.

51.90p -1.20p (-0.02) Wednesday, 22 September 2021 at 11:30:39 British Summer Time

About

Last updated 22-09-2021, 11:30:39am BST
Current Price 51.90p
Today's Change -1.20p (-2.3%)
Close Price 53.10p
Open Price 54.10p
Bid 51.50p
Ask 51.80p
Day Range 51.30p - 54.10p
Year Range 16.52p - 94.40p
Volume 442,949
Average Volume 1,904,199
Market Cap £ 38,998,392,300
EPS (ttm) -0.90p

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