**Summary**
AFC Energy Plc, a leading provider of ammonia-based low-carbon hydrogen and hydrogen-to-power solutions, announced the successful completion and operational testing of its new generation LC30 30kW liquid-cooled fuel cell generator (LC30 Generator). This milestone marks a significant advancement in the company’s strategy to reduce costs, improve efficiency, and achieve cost parity with diesel generators. Key highlights include
1. **Cost Reduction** The LC30 Generator’s manufacturing cost is 85% lower than its predecessor, surpassing the company’s 66% cost reduction target.
2. **Enhanced Efficiency** The generator is 20% more efficient, with 95% fewer components, a 50% mass reduction, and a 45% smaller volume, enabling deployment in space-constrained locations.
3. **Expanded Operating Range** Suitable for global use across all inhabited continents, with an operating range of -20°C to +50°C.
4. **Scalability** Designed to accommodate a 100kW fuel cell in the same chassis, catering to higher power output demands.
5. **Strategic Partnerships** Supported by manufacturing partner Volex plc for certification and pre-production.
CEO John Wilson emphasized the company’s on-schedule and under-budget delivery, its readiness to roll out deployments, and its focus on converting its pipeline into contractual orders without relying on government subsidies. AFC Energy remains well-positioned to drive sustainable revenue growth and create significant shareholder value, with a strong focus on decarbonization at commercially viable price points.
The LC30 Generator is part of AFC Energy’s broader strategy to deploy scalable, reliable, and cost-effective clean hydrogen and power solutions across hard-to-abate sectors, including industrial, transportation, and power generation applications. The company is listed on the AIM market of the London Stock Exchange and headquartered in Dunsfold, Surrey, UK.