AFC Energy, a leading provider of hydrogen power generation technologies, has achieved a significant milestone in reducing the operating cost of its S Series fuel cell. The recent 30kW H-Power Generator Factory Acceptance Test with Speedy Hydrogen Solutions demonstrated a 16% reduction in hydrogen fuel consumption compared to the 2023 H-Power Tower. This reduction in operating cost complements the 50% reduction in generator capital cost per kW relative to the 2023 H-Power Tower. The performance of AFC Energy's S Series air-cooled generator technology was measured during the test and compared to field data received from customers during H-Power Tower deployments in 2023, showcasing its highly efficient performance.

Adam Bond, Chief Executive at AFC Energy, emphasized the importance of lowering the total cost of ownership of fuel cell generators for industry-wide adoption. He highlighted the significance of fuel efficiency in generator performance and reducing the cost gap, stating that AFC Energy's high efficiency, high power dense S Series fuel cell generators are setting the standard for the industry's transition to a hydrogen-fueled future.

AFC Energy plc is a leading provider of hydrogen energy solutions, offering clean electricity for on and off-grid power applications. The company's fuel cell technology is deployable as electric vehicle chargers, off-grid decentralized power systems for construction and temporary power, with emerging opportunities across maritime, data centers, and rail as part of a portfolio approach to the decarbonization of society's growing electrification needs.

For further information, please contact AFC Energy plc or its financial advisors.