TIDMAFC
AFC Energy Plc
12 February 2020
RNS Reach - This is a Non-Regulatory Announcement
12 February 2020
AFC Energy PLC
("AFC Energy" or the "Company")
AFC Energy and MSP Technologies Unveil Hybrid Hydrogen Generator
System for Off-Grid Distributed Power Market
AFC Energy (AIM: AFC), a leading provider of hydrogen power
generation technologies, will today, in collaboration with its
partner, MSP Technologies, showcase to UK private sector
construction contractors, the future of off-grid stationary power,
demonstrating how adopting a portfolio energy technology strategy
can deliver a glide path to net zero carbon emissions for the
sector without incurring significant financial impairments of
existing assets.
Highlights
-- The off-grid global diesel generation market, with annual
revenues in excess of US$20bn, is a material contributor to today's
greenhouse gas emissions and a constraint to national and
international net zero emission targets.
-- The Hybrid Distributed Power System on display today,
consisting of AFC Energy's H-Power(TM) fuel cell system, MSP
Technologies FLEX-ESS battery solution, and a diesel generator,
will highlight how an immediate reduction in carbon emissions of
50% or more is achievable from the offgrid power market based on
typical industry usage data.
-- Through adoption of a zero emission H-Power(TM) system and a
more efficient operation of existing diesel power, supported by
energy storage, a clear glidepath is created for operators to phase
out diesel generators in an environmentally sustainable manner,
whilst protecting their legacy investments.
-- Deploying this hybrid system de-risks any contractors' perceived risk in fully endorsing new hydrogen-based technologies as a complete short-term displacement of fossil fuel combustion gensets.
-- The containerised and modular fuel cell and FLEX-ESS solution
make for a readily transportable and mobile power source, not
dissimilar to diesel gensets.
AFC Energy's latest stop on its "Dunsfold to Dundee Dash" is in
the picturesque town of Holme in the UK's Lake District. The
Company will be highlighting to over 100 invited and interested
attendees its latest EV Charger system, but importantly, for the
first time, AFC Energy and MSP Technologies will also be
demonstrating to a core group of British construction contractors
and remote power users, the possibility of immediately
decarbonising the current stationary distributed power market.
Two key challenges consistently posed from industry, hire
companies and contractors with regards to the transition to clean
off-grid power technologies, whether temporary or permanent,
reflect (1) the already large investments made into the remote and
distributed diesel power market which still have a useful life in
them, pushing decarbonisation back until diesel generators are
fully written off, and (2) the perceived risk a new, albeit clean,
generation technology might have to the longstanding reliability of
conventional fossil fueled power systems.
Furthermore, onsite diesel generators are often oversized in
temporary power applications leading to poor utilisation,
efficiency and consequentially, increased emissions. This is
usually done to ensure sufficient capacity to meet all demand, even
though demand most of the time is very much below that maximum
level. Typically, this may mean the generator set deployed has a
rated output of over 3 times the mean demand of a given site.
By using AFC Energy's H-Power(TM) system in combination with the
diesel generator, and with the addition of a battery as a hybrid
solution, it is possible to cut emissions, run the generator much
more efficiently, and store generated power for use in periods of
high load.
Cumulatively, based on typical industry usage data, use of the
Hybrid Distributed Power System on display today can, depending on
generator, fuel cell and battery sizing, lead to a reduction in
greenhouse emissions of 50% or more based on typical industry usage
data (versus diesel combustion in a conventional genset alone).
The hybrid solution on display today will not only protect
legacy investments by operators of distributed power systems, who
are keen to materially reduce their carbon emissions immediately,
but also provide a model for transition over time away from diesel
to a cleaner distributed power solution such as that provided by
AFC Energy.
Power consumed or stored within MSP Technologies' FLEX-ESS
battery system will then be able to balance variable power needs
with the role of incumbent diesel generation reverting more towards
supporting peak periods of demand and addressing contractor
perceived risk around the operability of new technologies in the
off-grid power market.
The Hybrid Distributed Power System will enable Government's,
Local Councils and industry to now consider the opportunity to
mandate the need for suppliers of temporary or off-grid power
generation to consider the path to "net zero" as part of its own
internal and external procurement processes with a viable
alternative to conventional greenhouse emitting technologies now
available.
Simon Patterson, Chief Executive at MSP Technologies, said "The
demand MSP Technologies is seeing for alternatives to diesel
generation in the remote and off-grid power market is growing
exponentially year on year. Having worked with AFC Energy now for
over a year, and with the tremendous feedback we are getting from
our proprietary FLEX-ESS energy storage system, we have seen a huge
potential in the integration of our two technologies in powering
this enormous global market, without the risk of intermittency of
alternative clean energy solutions such as wind or solar. We
therefore see this as a key power solution to be considered in the
mix for a decarbonised off-grid power market in the UK and
elsewhere and are pleased to be working with global leaders in this
technology having witnesses its successes over the past few months
in the EV charging market."
Adam Bond, Chief Executive Officer at AFC Energy, said "The
global power market is changing, and changing fast. The role of
hydrogen in supporting the decarbonisation of the off-grid power
market is one which we have been working towards over the past few
years given the increasing regulation over the diesel and remote
power generation markets. We cannot however ignore the massive
investment already made globally in the diesel and natural gas
genset markets which in and of itself presents a challenge to
industry to transition to zero carbon solutions in the absence of
strict regulation enforcing this move; and so we see our role in
presenting industry and Governments with an alternative which works
alongside incumbent investments in diesel to support a glide path
to decarbonisation over a 5-10 year period. Today's demonstration
reinforces that these transitionary hybrid solutions exist today
and that partnerships between AFC Energy and MSP Technologies are
able and willing to work with prospective customers to deliver on
our national and international carbon reduction targets".
For further information, please contact:
AFC Energy plc
Adam Bond (Chief Executive Officer) +44 (0) 14 8327 6726
M C Peat & Co LLP - Joint Broker
Charlie Peat +44 (0) 20 7104 2334
Tuva Partners - Public Relations
Alex Brooks +44 (0) 7900 205 460
About AFC Energy
AFC Energy plc is commercialising a scalable alkaline fuel cell
system, to provide clean electricity for on and off grid
applications. The technology, pioneered over the past twelve years
in the UK, is now being deployed in electric vehicle chargers,
off-grid decentralised power systems and industrial gas plants as
part of a portfolio approach to the decarbonisation of local
electricity needs.
About MSP Technologies
MSP Technologies is an energy storage and hybridised power
conversion specialist. Its expertise lies in integrating high
quality components to offer condensed, low maintenance, versatile
and intelligent solutions to a wide range of sectors and
applications. MSP's products adapt to suit multiple power inputs,
outputs and configurations in grid independent or grid supportive
solutions to customers with variable or multiple power sources and
load types. The company's FLEX-ESS is MSP's latest storage
solution, combining the strongest properties that we have achieved
to date. Designed for agility, factory-built-and-tested FLEX-ESS
can be rapidly deployed and connected to multiple power inputs
through its DC-coupled port. Totally enclosed in durable GRP and
with closed system water cooling, the FLEX-ESS is ultra-low
maintenance vastly reducing lifetime operating costs.
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END
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