AFC ENERGY PLC

Regulatory Filings • Apr 12, 2013

National Storage Mechanism | Additional information

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RNS Number : 2541C

AFC Energy Plc

12 April 2013

12 April, 2013

AFC Energy PLC

("AFC Energy" or the "Company")

AFC Energy announces working partnership with Foster Wheeler

AFC Energy, the industrial fuel cell power company, is pleased to announce that it is working with Foster Wheeler, the global engineering and construction contractor and power generation equipment supplier, to develop and roll-out, commercially, fuel cell systems for industrial applications.  

Foster Wheeler will work closely with AFC Energy in the engineering and benchmarking of AFC Energy's fuel cell systems and scaling up deployment of these systems at commercial sites - including at Industrial Chemicals Ltd (ICL), a leading UK chemicals company, where a one megawatt AFC hydrogen fuel cell plant will be installed.

During an initial 12-month period, Foster Wheeler will focus on the review of critical design and fabrication milestones for AFC Energy's base-level multi-cartridge 250-kilowatt generation system that will form the building block of the ICL plant. Foster Wheeler will also chair independent safety and reliability reviews, including HAZOP and model reviews to evaluate engineering designs.

AFC Energy and Foster Wheeler plan to develop their relationship to a stage where Foster Wheeler would be the selected contractor to design and install full-scale fuel systems based on AFC  technology in a wide range of industrial and utility-scale applications.

Ian Williamson, Chief Executive of AFC, said: "This working partnership will help AFC as we advance from a design stage technology business to a commercial scale company. As we prepare to deploy our systems in commercial settings, it is essential that we have objective experts on hand to put our plans through their paces and ensure that we are delivering a robust product. We are delighted that Foster Wheeler is working with AFC to help commercialise our fuel cells as part of the renewable energy mix, alongside biofuels, solar and other sources of clean power."

Filippo Abbà, Chairman & Chief Executive Officer, Foster Wheeler Energy Limited, commented: "This new relationship demonstrates our strategy to develop close relationships with leading-edge technology suppliers. The work we will be doing with AFC leverages our proven technical expertise and project delivery capabilities in power generation and hydrogen production."

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For further information, please contact:

AFC Energy plc Ian Williamson, Chief Executive Ian Balchin, Deputy Chairman	+44 (0)1483 276726
Luther Pendragon - Public Relations Adviser Neil Thapar James Foster Alex Burr	+44 (0)20 7618 9100
MC Peat & Co. - Corporate Broker Charlie Peat	+44 (0)20 7104 2334
Allenby Capital - Nominated Adviser Jeremy Porter James Reeve	+44 (0)20 3328 5656

About AFC Energy

Founded in 2006, AFC Energy plc is re-engineering proven alkaline fuel cell technology to reduce the cost of electricity. Alkaline fuel cells have been used on US and Russian manned space missions for decades to provide electrical power and drinking water. By using modern materials, design tools and manufacturing processes at scale, AFC Energy is developing fuel cells that will compete with conventional technologies such as turbines for electrical power generation. Today, AFC Energy is pursuing opportunities in several sectors where hydrogen is readily available including the chlorine, clean coal and waste-to-energy industries as well as applications for distributed/back-up power. For further information, please visit our website: www.afcenergy.com.

About Foster Wheeler

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialised expertise dedicated to serving its clients through one of its two primary business groups. The company's Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries.  The company's Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services.  The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom.  For more information about Foster Wheeler, please visit our Web site at www.fwc.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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