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Why Shares In AFC Energy plc Spiked Today

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SONY DSCWhat: AFC Energy (LSE: AFC), the industrial fuel cell specialist, has signed a heads of agreement with Daniel Inc., a South Korean power plant owner, for a 1MW fuel cell system. Shares of AFC energy were up 10% in early trade.

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So what: This marks the second major advance by AFC Energy in South Korea — a key target market — in the space of a single week. Under the terms of the latest deal, a deposit of £1.25m will be payable to AFC Energy upon the signing of a formal contract and supply agreement. The contract will also include a follow-on option for a further 3MW system at a second site, depending on performance, which could eventually lead to sales of $15m. 

Now what: South Korea has a clean energy incentive programme with a goal of becoming one of the world’s largest producers of renewable energy. AFC Energy’s chief executive, Ian Williamson, said that he expects “many more orders to come” from the country.

5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!

According to one leading industry firm, the 5G boom could create a global industry worth US $12.3 TRILLION out of thin air…

And if you click here, we’ll show you something that could be key to unlocking 5G’s full potential...

It’s just ONE innovation from a little-known US company that has quietly spent years preparing for this exact moment…

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Mark Stones has no position in any shares mentioned. The Motley Fool has no position in any of the shares mentioned.

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