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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.

19.26p -0.93p (-0.05) Friday, 22 May 2020 at 13:51:57 British Summer Time

About

Last updated 22-05-2020, 01:51:57pm BST
Current Price 19.26p
Today's Change -0.93p (-4.5%)
Close Price 19.55p
Open Price 19.50p
Bid 12.50p
Ask 27.00p
Day Range 19.00p - 19.90p
Year Range 3.61p - 39.00p
Volume 1,930,637
Average Volume 3,693,691
Market Cap £ 93,324,299
EPS (ttm) -0.01p

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