AFC Energy, the industrial fuel cell power company, is pleased to announce it has today signed a MoU which will bring 300mW of fuel cell power generation to Dubai.
The deal is for 300mW of fuel cell capacity being assessed for deployment in Dubai by the end of 2020, making this the largest single fuel cell deployment programme in the world.
The MoU secures a JV between Dubai Carbon and AFC for commercial projects – with the potential for multi-billion dollar revenue stream.
Dubai Carbon and AFC are also set to engage with Dubai-based clean energy funds to finance projects taken forward.
Adam Bond, AFC’s Chief Executive Officer, said, “It is a great privilege to be given the opportunity to work in partnership with several of Dubai’s leading and most innovative organisations to deploy AFC’s leading alkaline fuel cell technology into Dubai.” “This MOU not only reflects a landmark day for AFC and its business as it consolidates its fuel cell commercialisation strategy, but also reflects support for HH Sheikh Mohammed bin Rashid Al Maktoum’s initiative ‘Green Economy for Sustainable Development’; reinforcing the prominent role Dubai plays in driving a cleaner and sustainable economy today, and into the future.”
“I am honoured AFC’s fuel cell will play an important part in Dubai’s future energy mix with today marking the start of a long and fruitful relationship with Dubai Carbon and the Emirate of Dubai.”
The agreement was an official part of the DEWA Green Week activities during the 2015 Water, Energy, Technology and Environment Exhibition (WETEX) in Dubai.