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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.

32.65p 0.50p (0.02) Tuesday, 18 February 2020 at 16:24:21 Greenwich Mean Time

About

Last updated 18-02-2020, 04:24:21pm GMT
Current Price 32.65p
Today's Change 0.50p (1.5%)
Close Price 0.33p
Open Price 35.20p
Bid 29.00p
Ask 34.00p
Day Range 30.20p - 39.00p
Year Range 16.50p - 39.00p
Volume 13,387,017
Average Volume 5,177,175
Market Cap £ 152,750,007
EPS (ttm) -0.01p

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