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.

4.79p 0.43p (0.10) Price as of 20-08-2019, 10:48:10am BST

About

Last updated 20-08-2019, 10:48:10am BST
Current Price 4.79p
Today's Change 0.43p (9.8%)
Close Price 4.36p
Open Price 4.40p
Bid 4.40p
Ask 4.79p
Day Range 4.40p - 4.80p
Year Range 3.00p - 8.78p
Volume 1,800
Average Volume 32
Market Cap £ 22,354,590

Related Articles