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AFC Energy (AFC) Share News

IN BRIEF: AFC Energy's placing and subscription oversubscribed

11th Jun 2024 18:51

AFC Energy PLC - Cranleigh, England-based provider of hydrogen power generation technologies - Raises GBP13.8 million by way of an oversubscribed placing and a direct subscription with certain directors of the company at 15 pence per share. In addition, plans to raise further GBP2.0 million via retail offer at the same price. Directors Gary Bullard, Adam Bond, Peter Dixon-Clarke and Monika Biddulph subscribe for total GBP100,000 worth of shares. Read More

IN BRIEF: AFC Energy touts fundraise to fast track H-Power delivery

10th Jun 2024 17:28

AFC Energy PLC - Cranleigh, England-based provider of hydrogen power generation technologies - Announces proposed fundraising via placing of shares and direct subscription with certain directors to raise approximately GBP13.5 million at a price per share of 15 pence. Also announces a proposed financing on the "REX" platform to existing retail investors at the issue price to raise up to GBP2.0 million. No part of the fundraising is being underwritten. Read More

EXECUTIVE CHANGES: Resolute Mining hires former Acacia exec as chair

29th May 2024 15:45

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and Wednesday and not separately reported by Alliance News: Read More

AFC Energy to supply Europe's largest mobile work platform maker

20th May 2024 13:48

(Alliance News) - AFC Energy PLC on Monday said it had received an order from Niftylift (UK) Ltd. Read More

TRADING UPDATES: PetroTal buys Peru's Block 131 for USD5.0 million

17th May 2024 18:55

(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week Wednesday and not separately reported by Alliance News: Read More

EXECUTIVE CHANGES: Hydrogen Future Industries 25% shareholder made CEO

25th Apr 2024 15:47

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News: Read More

UK shareholder meetings calendar - next 7 days

18th Apr 2024 14:12

IN BRIEF: AFC Energy revenue falls; loss widens

26th Mar 2024 20:40

AFC Energy PLC - Surrey, England-based provider of hydrogen power generation technologies - Revenue from customer contracts falls to GBP227,000 in the year ended October 31, from GBP582,000 a year earlier. Pretax loss widens to GBP19.6 million from GBP19.5 million. Says 2024 is focussed on delivery. Chief Executive Adam Bond says: "We are well placed to build on the foundations set in 2023 and look forward to the successful deliveries of our new H-Power Generators into the hands of customers throughout the remainder of the 2024 calendar year." Read More

TRADING UPDATES: FireAngel CFO resigns; ECR Minerals raises GBP585,000

14th Mar 2024 16:53

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

AFC Energy completes factory testing of H-Power generator

11th Mar 2024 13:18

(Alliance News) - AFC Energy PLC on Monday celebrated the successful factory acceptance test of its 30 kilowatt generator. Read More

IN BRIEF: AFC Energy-led consortium secures funding from UK Government

26th Jan 2024 12:17

AFC Energy PLC - provider of hydrogen power generation technologies - Says it has been awarded funding under the UK Government's Clean Maritime Demonstration Competition, which is funded by the UK Department for Transport and delivered by Innovate UK. A consortium led by AFC has been awarded GBP676,500, in order to design and integrate its proprietary ammonia cracker reactor technology with marine purposed, ammonia fuelled internal combustion engines. Funding starts in the first quarter, with results from the proof-of-concept demonstration expected to be published twelve months later. Read More

TRADING UPDATES: 600 Group disposal and funding talks continue

4th Dec 2023 17:33

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

IN BRIEF: AFC Energy buys UK hydrogen assets from Octopus Energy

17th Nov 2023 11:58

AFC Energy PLC - Surrey, England-based provider of hydrogen-powered generator technology - Acquires "certain" UK mobile hydrogen storage and distribution assets from Octopus Hydrogen, part of Octopus Energy Ltd, for an undisclosed sum. Says these assets provide immediate logistics capability to supply hydrogen fuel to its growing network of H-Power Generators across the UK, and strengthen its leading position as the dominant UK hydrogen supplier "to support industry's transition to a sustainable off-grid power solution". Acquisition includes two NanoSun Pioneer mobile hydrogen refuelling stations and a hydrogen compressor for refilling. AFC says the assets will support Speedy Hydrogen Solutions, its recently announced joint venture with Speedy Hire. Adds that it does not intend to become a "capital intensive" provider but that early investment in well-priced assets will enable it to derive incremental revenue and support the maturing hydrogen generator market. Read More

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