AFC Energy PLC (AIM:AFC, OTC:AFGYF) CEO Adam Bond tells Proactive's Stephen Gunnion the company has reached a significant milestone with the factory acceptance test of its 30kW H-power generator, marking a step forward in its collaboration with Speedy Hire.
This achievement follows the deployment of its first generation 10kW generators from 2020 to 2023, from which the company gained valuable insights and made improvements. The demand for a larger, 30kW generator led to the partnership with Speedy Hire, culminating in the development and successful operation of the new generator, which meets all contractual requirements for performance and operation.
Bond said the milestone not only validates the technology but also initiates the sale of generators into the Speedy Hydrogen Solutions joint venture, with the first generator sold and minimum orders contracted through to 2025 and 2026 to maintain exclusivity in the UK and Ireland.
The joint venture has already sparked significant interest, especially from tier one contractors in the UK, driven by regulatory changes and major projects that prohibit the use of diesel generators. AFC Energy is responding to this demand by exploring manufacturing scale-up options, including contract manufacturing in Germany. The company looks forward to deploying its generators at Speedy Hire's live exhibition, where around 500 contractors will view the technologies offered by Speedy Hire.
