Visit by Sir David King
April 21 2010 - 2:00AM
RNS Non-Regulatory
TIDMAFC
AFC Energy Plc
21 April 2010
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21st April 2010
SIR DAVID KING VISITS AFC ENERGY'S FUEL CELL TECHNOLOGY
AFC Energy, the world's leading developer of low-cost alkaline fuel cells, has
received a visit from former Government Chief Scientific Adviser, Sir David
King., Sir David, who is now the Director of the Smith School of Enterprise and
the Environment at the University of Oxford, visited AFC Energy on the 15 April
to tour the company's site and discuss their rapidly developing fuel cell
technology.
Sir David's visit came just days after AFC announced a positive interim review
of their technical activity from Dr. Jon Helliwell, Project Manager of Fuel Cell
Applications at the Centre for the Process Innovation (CPI). The report
confirmed the substantial strides the Company has made over the last 5 months as
well as the significant headway achieved in commercialising the system and
delivering on partner expectations.
During the visit Sir David spoke about the need for radical energy solutions and
the importance of transitional technologies:
"The biggest single challenge we're faced with globally is to move from a
fossil fuel-based economy to fossil fuel less-society. To me, this challenge is
the most wonderful technology, innovation, wealth creation possibility. What
I've just seen at AFC is an exciting example of this. The alkaline fuel cell has
the possibility to create power stations with megawatts of electricity."
Sir David also spoke passionately about the possibilities with one of the
Company's largest target markets, Underground Coal Gasification (UCG):
"I think the alkaline fuel cell is virtually there and there's an immediate
niche which is coal gasification. In North Wales and Leicestershire there are
coal mines that are have been closed down that are inefficient for coal mining
but all that coal is still there to be gasified and that process is what this
alkaline fuel cell is based around. You produce hydrogen and carbon dioxide
through the gasification process and send carbon dioxide back down into the mine
- none is released into the atmosphere."
By allowing the exploitation of previously uneconomical coal sites, UCG could
give access in the UK to an estimated 17 billion additional tonnes of coal. AFC
Energy has already signed an agreement with Australia's leader in clean coal
technology Linc Energy to integrate the fuel cell system for use in Linc's
global UCG projects.
Ian Balchin, CEO of AFC Energy, commented:
"Sir David's visit highlights the rapid progress that the company is making. We
are delighted that he recognised the increasingly wide application potential of
our low-cost fuel cell systems for clean electricity generation".
Following the visit, Sir David invited AFC Energy to join leading global figures
from the policy, business and academic communities at the 2010 World Forum on
Enterprise and the Environment. Run jointly with The Times, the forum is a key
event in the international environmental calendar, making an invaluable
contribution to establishing and maintaining a sustainable global economy.
For further information please visit www.afcenergy.com or contact:
+----------------------------------------+----------------------------------------+
| AFC Energy plc | Tel: +44 1483 276726 |
| Tim Yeo, Chairman | |
| Ian Balchin, Chief Executive | |
+----------------------------------------+----------------------------------------+
| Madano Partnership | Tel: + 44 20 7593 4000 |
| Matthew Moth/Sarah Mylroie | |
+----------------------------------------+----------------------------------------+
About Smith School of Enterprise and the Environment:
The Smith School's mission is to influence and enable decision-makers in
business and government to make well-informed decisions that address the energy,
environment and sustainable development challenges confronting the world. It
seeks to advance the knowledge and understanding of the role enterprise must
play if we are to secure a sustainable, low-carbon future.
The Smith School facilitates partnership between public and private enterprise,
leading scientists, academics, public policy makers and organisations serving
civil society. We are tackling critical global issues including climate change,
energy supply and water shortage, promoting positive action from business and
government leaders to address the challenge of sustainable development. We are
advancing the role of enterprise in seeking low-carbon futures for all
countries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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