Industrial fuel cell power company, AFC Energy, has released a list of strategic milestones that it aims to achieve in 2016, in order to build on the accelerated technology development that the company rolled out in 2015.
The milestones are split into three categories: Fuel cell stack and balance of plant (BoP), product development and commercial opportunities. They all seek to provide clarity over the expected outcomes for the remainder of this year.
In the first category concerning fuel cells and BoP, AFC Energy aims to develop a second generation – ‘Gen 2’ – fuel cell stack and BoP, and be able to operate it over an extended test period, during the second half of 2016. It also seeks to confirm availability and longevity of its fuel cell system to meet industry standards as agreed with its project partners.
The delivery of these new milestones will continue this momentum as our technology finishes its journey to allow the commercial deployment of AFC’s fuel cell system
Regarding product development, the UK-based company aims to conclude basic design and engineering on both a single cartridge 10kW system, deploying this year, and a 1MW capacity fuel cell system, set to be released in 2017.
And concerning commercial opportunities, the corporation intends to scour prospects for at least three international fuel cell projects, with a strong focus on the Middle East and Asia. Additionally, it hopes to secure contracts for at least two international fuel cell projects for delivery in 2017, and it seeks to secure strategic partnerships with recognised industrial and institutional groups.
Adam Bond, CEO of AFC Energy, outlined, “2015 saw a significant de-risking of AFC’s proprietary fuel cell technology, which culminated in the delivery of the company’s first industrial scale fuel cell system in Germany. I firmly believe that the delivery of these new milestones will continue this momentum as our technology finishes its journey to allow the commercial deployment of AFC’s fuel cell system.”
AFC Energy is developing an alkaline fuel cell system, entitled ‘KORE,’ which converts hydrogen (H2) into ‘clean’ electricity. AFC’s key project POWER-UP demonstrated the world’s largest operational alkaline fuel cell system at Air Products’ industrial gas plant in Stade, Germany in January 2016.