AFC Energy
title: "AFC Energy" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["companies-based-in-surrey", "companies-listed-on-the-london-stock-exchange", "fuel-cell-manufacturers", "engineering-companies-of-the-united-kingdom"] topic_path: "engineering" source: "https://en.wikipedia.org/wiki/AFC_Energy" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0
::data[format=table title="Infobox company"]
| Field | Value |
|---|---|
| name | AFC Energy |
| type | Public |
| traded_as | |
| foundation | |
| defunct | |
| location_city | Cranleigh, Surrey |
| location_country | England |
| locations | United Kingdom |
| Germany | |
| Australia | |
| key_people | Gary Bullard (Chairman) |
| Adam Bond (CEO) | |
| industry | Alternative energy |
| products | Fuel cells |
| revenue | £4 million |
| num_employees | 120+ |
| homepage | |
| :: |
| name = AFC Energy | logo = | caption = | type = Public | traded_as = | fate = | predecessor = | successor = | foundation = | founder = | defunct = | location_city = Cranleigh, Surrey | location_country = England | locations = United Kingdom Germany Australia | area_served = | key_people = Gary Bullard (Chairman) Adam Bond (CEO) | industry = Alternative energy | products = Fuel cells | production = | services = | revenue = £4 million | operating_income = | net_income = | assets = | equity = | owner = | num_employees = 120+ | parent = | divisions = | subsid = | homepage = | footnotes = | intl =
AFC Energy PLC is a developer of hydrogen fuel cell technologies which focus on the displacement of diesel generators in stationary and maritime applications. The technology utilises hydrogen fuel for zero emission electricity generation. | url = https://www.reuters.com/finance/stocks/companyProfile?symbol=AFEN.L | title = AFC Energy PLC (AFEN.L) | work = Reuters | accessdate = 29 September 2012}} The company is based in Cranleigh, Surrey, United Kingdom. |url=http://www.fuelcelltoday.com/industry/industry-directory/a/afc-energy |title=AFC Energy |work=Fuel Cell Today |accessdate=29 September 2012 |url-status=dead |archiveurl=https://web.archive.org/web/20120923221333/http://www.fuelcelltoday.com/industry/industry-directory/a/afc-energy |archivedate=23 September 2012}} It is listed on the London Stock Exchange.
History
The company was established in 2006 by the acquisition of certain intellectual property rights and assets from Eneco. In 2010, it commissioned a hydrogen fuel cell named Alpha System at the Chinchilla underground coal gasification facility, operated by Linc Energy. Combining these technologies allowed usage of hydrogen, produced by the underground coal gasification process, as a feedstock for the fuel cell. | url = http://www.renewableenergyfocus.com/view/10639/afc-deploys-operational-alkaline-fuel-cell-with-linc-energy-in-australia/ | title = AFC deploys operational alkaline fuel cell with Linc Energy in Australia | work = Renewable Energy Focus | publisher = Elsevier | date = 30 June 2010 | accessdate = 29 September 2012}}
In August 2011, the company commissioned hydrogen fuel cell named Beta System at its facility in the United Kingdom. | url = http://www.businessgreen.com/bg/news/2101196/afc-energy-hails-fuel-cell-milestone | title = AFC Energy hails fuel cell milestone | work = BusinessGreen | date = 12 August 2011 | accessdate = 29 September 2012}} In October 2011, AFC Energy commissioned two Beta Systems at the AkzoNobel chlor-alkali plant in Bitterfeld, in Germany. | url = http://www.renewableenergyfocus.com/view/21083/afc-energy-commissions-two-fuel-cell-beta-systems-at-akzonobel-plant-in-germany/ | title = AFC Energy commissions two fuel cell Beta Systems at AkzoNobel plant in Germany | work = Renewable Energy Focus | publisher = Elsevier | date = 3 October 2011 | accessdate = 29 September 2012}}
In June 2012, AFC Energy and Industrial Chemicals Limited announced a plan to install the largest fuel cell facility in the United Kingdom with an electrical output of 1 MW. | url = http://www.newstatesman.com/business/energy/2012/06/afc-energy-and-industrial-chemicals-install-uk%E2%80%99s-largest-fuel-cell-energy-fa | title = AFC Energy and Industrial Chemicals to instal the UK's largest fuel cell energy facility | newspaper = New Statesman | date = 25 June 2012 | accessdate = 29 September 2012}} This was subsequently abandoned in 2013 in favour of deploying a large system at an Air Products facility at Stade, Germany.
In March 2015, AFC committed to build a 50 MW fuel cell park in South Korea, as part of a joint venture with two local companies, Samyoung and Changsing Chemical. | url = http://www.theengineer.co.uk/news/fuel-cell-deal-marks-transition-for-afc-power/1020005.article | title = Fuel cell deal marks transition for AFC Power | newspaper = The Engineer | date = 10 March 2015 | accessdate = 2 October 2015}} In April 2015, AFC Energy signed a memorandum of understanding with Dubai Carbon for a 300 MW fuel cell park in Dubai. |url=http://www.shfca.org.uk/news_article/750/ |title=AFC Energy signs MOU for 300MW of AFC Fuel Cells in Dubai |work=The Scottish Hydrogen and Fuel Cell Association |date=23 April 2015 |accessdate=2 October 2015 |url-status=dead |archiveurl=https://web.archive.org/web/20151004004000/http://www.shfca.org.uk/news_article/750/ |archivedate=4 October 2015}} However, no progress of these projects has been reported.
In August 2015, AFC Energy commenced operation of its first KORE fuel cell system in Stade, Germany. | url = http://www.waste-management-world.com/articles/2015/08/afc-s-fuel-cell-system-starts-operation-in-stade-germany.html | title = AFC's Fuel Cell System Starts Operation in Stade, Germany | work = Waste Management World | date = 5 August 2015 | accessdate = 2 October 2015}} In January 2016, the system reached capacity of 200 kW. | url = https://www.energyvoice.com/otherenergy/100407/afc-energy-hits-fuel-cell-milestone-at-german-power-plant/ | title = AFC'S Fuel Cell System 200kW in Stade, Germany | work = energyvoice.com | date = 1 February 2016 | accessdate = 3 February 2016}}
In July 2018, the company agreed to install a 200–400 kW fuel cell unit at the Southern Oil's biorefinery at Gladstone, Australia. | url = https://www.proactiveinvestors.com/companies/news/200663/afc-energy-picks-up-first-fuel-cell-order-from-australian-partner-200663.html | title = AFC Energy picks up first fuel cell order from Australian partner | work = Proactive Investor | first = Philip | last = Whiterow | date = 12 July 2018 | accessdate = 26 December 2018}}
In July 2020, AFC Energy announced a collaboration with Extreme E to use its hydrogen fuel cell technology to enable its race fleet to be charged using zero emission energy. The by-product of utilizing these hydrogen fuel cell power generators for charging, water, will be used elsewhere on-site.
In October 2023, AFC Energy announced that its ammonia cracking technology had achieved 99.99% hydrogen from single reactor testing, with the results independently tested by the UK’s NPL and exceeding the standard for fuel cell grade hydrogen.
In November 2024, AFC Energy reported an annual revenue of £4 million, an almost 1000% increase as compared to previously reported revenue of £434,000. The large increase in revenue was driven primarily by AFC Energy's partnership with Speedy Hire.
In June 2025 AFC energy was reported to have secured a partnership with a global industrial company on the S&P 500 for the development of ammonia crackers. Under the terms of the agreement, development costs incurred by AFC Energy will be reimbursed by the partner with material revenues anticipated for 2027.
References
References
- (10 March 2015). "AFC agrees $1 Billion Korean Fuel Cell Venture". [[Bloomberg News.
- (2020-07-15). "Extreme E partners with AFC Energy to pioneer zero emission vehicle charging".
- "🚨 Major milestone alert! 🚨
We've achieved 99.99% hydrogen from single reactor testing, with the results independently tested by the UK's @NPL and meeting the standard for fuel cell grade hydrogen. Read more about its potential here: https://bit.ly/3MecRfZ #ammonia #hydrogen". - (4 November 2024). "AFC Energy shares jump 21% after pre-close trading update and sale news". proactiveinvestors.co.uk.
- "AFC Energy (AIM:AFC) - Stock Price, News & Analysis".
- (4 June 2025). "AFC Energy inks cracker collab with an S&P 500 industrial company". proactiveinvestors.co.uk.
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