AFC Energy (AFC)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

9.50p
   
  • Change Today:
      0.050p
  • 52 Week High: 17.26p
  • 52 Week Low: 5.50p
  • Currency: UK Pounds
  • Shares Issued: 1,131.50m
  • Volume: 3,444,324
  • Market Cap: £107.49m
  • RiskGrade: 464

AFC Energy hails successful testing of ammonia cracker tech

By Benjamin Chiou

Date: Monday 23 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Hydrogen power generation technologies group AFC Energy has reached a new milestone with its new ammonia cracking technology, with testing proving its ability to deliver fuel cell grade hydrogen "on a modular, scalable basis".
Results, which have been independently tested by the UK's National Physical Laboratory, showed that the tech successfully achieved 99.99% hydrogen from single reactor testing.

AFC Energy's ammonia cracker enables ammonia to be "cracked" into hydrogen and nitrogen molecules. The hydrogen can then be consumed as a fuel in fuel cells or combustion with the nitrogen emitted to atmosphere with zero carbon emissions. However, the presence in the hydrogen of uncracked trace ammonia has the potential to damage fuel cells.

Regulations - namely the International Organisation for Standardisation (ISO) 14687:2019 - govern minimum quality characteristics of hydrogen as a fuel in vehicular and stationary fuel cell applications, and the maximum level of residual ammonia permitted.

"Testing confirmed ammonia levels in hydrogen stream were materially less than the limits required to meet ISO 14687:2019 standards for vehicular and stationary fuel cells," the company said.

Commenting on the results, AFC Energy's chief executive Adam Bond said: "Achieving the ISO standard is key for the global adoption of ammonia as a sustainable clean fuel."

The company said that ammonia is expected to play "a growing role in decarbonisation targets for industry and maritime due to its high energy density (relative to hydrogen gas) and potential to displace conventional fossil fuels and carbon emissions". Ammonia is also seen as an enabler to the international trade of hydrogen.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AFC Energy Market Data

Currency UK Pounds
Share Price 9.50p
Change Today 0.050p
% Change 0.53 %
52 Week High 17.26p
52 Week Low 5.50p
Volume 3,444,324
Shares Issued 1,131.50m
Market Cap £107.49m
RiskGrade 464

AFC Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.29% below the market average47.29% below the market average47.29% below the market average47.29% below the market average47.29% below the market average
54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average54.29% below the sector average
Price Trend
39.01% below the market average39.01% below the market average39.01% below the market average39.01% below the market average39.01% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Income Not Available
Growth
68.94% above the market average68.94% above the market average68.94% above the market average68.94% above the market average68.94% above the market average
69.70% above the sector average69.70% above the sector average69.70% above the sector average69.70% above the sector average69.70% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 2
buy
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AFC Energy Dividends

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Trades for 29-Aug-2025

Time Volume / Share Price
16:35 180,644 @ 9.50p
16:35 1 @ 9.50p
16:35 21,791 @ 9.50p
16:35 1,735 @ 9.50p
16:35 1,790 @ 9.50p

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