14th Jan 2021 18:07
AFC Energy PLC - provider of hydrogen power generation technologies - Signs strategic engineering collaboration with Ricardo Energy & Environment, part of Ricardo PLC.
The agreement will focus on the joint identification and development of "new and innovative solutions" through the adoption of AFC Energy's alkaline fuel cell technology. Key markets include margin, rail and innovative stationary power generation.
"We are delighted to be collaborating with one of the world's leading engineering houses in Ricardo to fully explore new and innovative ways in which our alkaline fuel cell system can be deployed across a range of industries where traditional reliance on combustion of fossil fuels is no longer seen as a viable or acceptable means of remote power generation," says Chief Executive Adam Bond.
Current stock price: 81.60 pence
Year-to-date change: up 2.8%
By Lucy Heming;Â [email protected]
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