AFC Energy cuts hydrogen generator build cost by 85% and partners with Volex for global roll-out
AFC Energy, a leading provider of hydrogen power generation technologies, has provided an update on progress on cost optimisation initiatives for its 30kW hydrogen fuel cell generator.
Following the signing of a supply agreement for custom fuel cell systems, in conjunction with an extensive value engineering exercise, AFC Energy claims to have reduced the build cost of its 30kW hydrogen fuel cell generators by around 85%.
These figures are in line with AFC Energy's target for substantial generator cost reductions, and will hopefully help to drive adoption of hydrogen technology as a replacement for diesel fuel.
Cost reductions will hopefully help drive adoption of hydrogen technology ©AFC Energy
AFC Energy and global integrated manufacturing specialist Volex Plc are now working together with the intention to enter into a global strategic manufacturing partnership to support AFC Energy in driving cost down further through materials leverage and economies of scale.
John Wilson, CEO of AFC Energy plc said: "As previously announced, our strategy is to deliver commercial viability of the hydrogen economy, without reliance on Government subsidies.
“In April, alongside our results, we announced an aggressive plan to target a significant reduction of the cost of our 30kW hydrogen fuel cell generators to drive market adoption.
“I'm delighted that this ambition has been fulfilled, with an expected c.85% reduction, and we target mid-2026 for delivery of our first low cost generators.
‘We are grateful for the support of Volex Plc to date and look forward to developing our strategic partnership."
For more information, visit www.afcenergy.com.