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.

16.42p 5.19p (0.46) Friday, 15 November 2019 at 16:10:34 Greenwich Mean Time


Last updated 15-11-2019, 04:10:34pm GMT
Current Price 16.42p
Today's Change 5.19p (46.2%)
Close Price 11.23p
Open Price 14.90p
Bid 16.60p
Ask 18.00p
Day Range 14.50p - 17.90p
Year Range 3.00p - 17.90p
Volume 6,692,468
Average Volume 3,721,232
Market Cap £ 78,397,863
EPS (ttm) -0.01p

Related Articles