The Motley Fool

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.

20.35p -0.86p (-0.04) Tuesday, 21 January 2020 at 13:45:01 Greenwich Mean Time

About

Last updated 21-01-2020, 01:45:01pm GMT
Current Price 20.35p
Today's Change -0.86p (-4%)
Close Price 0.21p
Open Price 20.00p
Bid 20.20p
Ask 20.50p
Day Range 19.50p - 20.50p
Year Range 16.50p - 23.90p
Volume 607,059
Average Volume 3,932,327
Market Cap £ 96,771,670
EPS (ttm) -0.01p

Related Articles