AFC Energy Plc Grant of Permit (4901I)
March 26 2015 - 03:00AM
UK Regulatory
TIDMAFC
RNS Number : 4901I
AFC Energy Plc
26 March 2015
26 March 2015
AFC Energy PLC
("AFC" or the "Company")
AFC Receives First Partial Building Permit to Commence
Construction at Stade, Germany
AFC Energy plc (AFC.L), the industrial fuel cell power company,
is pleased to announce that it has received its first Partial
Building Permit from the Stade permitting authorities in Germany to
commence construction of what will be the world's largest
industrial alkaline fuel cell facility.
Over the past few months, the permitting review and approval
process has consisted of a rigorous examination of the technical
specifications of the plant's design and is the first time a
regulatory authority has been asked to objectively review and
consider AFC's plant design for industrial application.
The first partial building permit has afforded approvals to
AFC's:
-- Civil engineering drawings
-- Plant specifications and process description of operations
-- Building structural load calculations and geotechnical survey results
-- Landowner approvals
-- Approvals of other relevant state of Saxony departments on
submitted documents, in addition to the Stade building planning
authorities
This permit allows AFC to proceed with:
-- Foundation works
-- Piled foundation works
-- Reinforced steel concrete base plate
-- Support work for the above
AFC will also be proceeding at this stage with the plant cable
and hardware connections to the medium voltage power grid, as well
as connecting to local water and telephone networks.
The consenting process for the AFC fuel cell plant in Stade
occurs across several phases with multiple phase permits issued for
construction, operating and dispatch of power into the German grid.
AFC is continuing work on progressing each of these permits over
the coming weeks.
The commencement of construction works at Stade is expected to
commence next week which will affirm delivery of the fifth key
milestone in the 2015 POWER-UP programme (as articulated in AFC's
RNS of 8 December 2014) and therefore, reaffirms AFC's ongoing
confidence in the deliverability of the fast track execution
timetable for the 240kW KORE fuel cell system scheduled for the
second half of 2015.
Adam Bond, AFC's Chief Executive Officer, said: "We are grateful
for the close collaboration AFC has had with the consenting
agencies in Stade and hope this constructive and professional
relationship continues as we both look to deliver a world class
fuel cell facility into the region."
Bond added: "Demonstrating the importance AFC places on local
community and stakeholder relations, we have welcomed the
opportunity to participate in a public awareness consultation with
local residents, through a community advisory panel, where the
response has been very positive with no objections logged to AFC's
proposed investment into the region".
For further information, please contact:
AFC Energy plc
Adam Bond (Chief Executive Officer) +44 (0) 20 3697 1209
Zeus Capital Limited - Nominated Adviser and Joint Broker
John Depasquale, John Treacy
Alex Davies, John Goold +44 (0) 20 7533 7727
M C Peat & Co LLP - Joint Broker
Charlie Peat +44 (0) 20 7104 2334
Lionsgate Communications - Public Relations
Jonathan Charles, Rachel Rigby +44 (0) 20 3697 1209
About AFC Energy
AFC Energy plc is fast approaching commercialisation for its
proven low-cost alkaline fuel cell system ("KORE"), which converts
hydrogen into 'clean' electricity. AFC's key project POWER-UP will
demonstrate the world's largest alkaline fuel cell system at Air
Products' industrial gas plant in Stade, Germany. The date for the
demonstration of the 240kW KORE system has been fast tracked to
December 2015, representing the final phase of AFC's
pre-commercialisation technical development programme and creating
the platform for the Company's global commercial fuel cell
deployment. For further information, please visit our website:
www.afcenergy.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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