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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.

38.50p -1.45p (-0.04) Wednesday, 19 January 2022 at 10:10:27 Greenwich Mean Time

About

Last updated 19-01-2022, 10:10:27am GMT
Current Price 38.50p
Today's Change -1.45p (-3.6%)
Close Price 39.95p
Open Price 39.00p
Bid 38.40p
Ask 38.50p
Day Range 38.00p - 39.95p
Year Range 38.00p - 83.00p
Volume 2,372,268
Average Volume 3,549,337
Market Cap £ 29,342,662,400
EPS (ttm) -0.90p

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