19 March 2025

AFC Energy PLC

("AFC Energy" or the "Company")

New Product Launch

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, announces the launch of "Hy-5" through its Hyamtec brand, the world's first containerised, portable, cracking module capable of producing up to 500kg/day for delivery from 2026.

Hy-5 will be offered as a "plug and play" under a "fuel as a service" (FaaS), with the headline cost of hydrogen, on-site, charged at £10/kg*.  This is substantially below prevailing market rates including those attracting government subsidies. 

Hy-5 will provide hydrogen purity >99.9% to ISO14687 grade D with <0.1% ppm of ammonia in the feed stream, making this compatible with AFC Energy S and S+ series hydrogen fuel cell generators, with a power consumption <9.5kWh/kg.

This provides market opportunities across multiple verticals:

-     H2 fuel for off-grid power (e.g. fuel cell generators);

-     H2 refuelling stations for fuel cell/H2 combustion engine buses, trucks, vans;

-     H2 refuelling for construction equipment (e.g. excavators and mining trucks);

-     Off-grid EV charging (with a fuel cell generator);

-     Industrial burners (for heat used in industrial applications);

-     Industrial manufacturing facilities (e.g. refining, steel, cement, ceramics, glass, chemicals production, e-fuels production); and

-     H2 supply for hydrogen fuel logistics companies.

Ammonia is currently used and transported at scale around the world, providing Hy-5 with global opportunities.

Hy-5 (together with ammonia supply vessels) provides a highly compact, self-contained footprint for hydrogen generation. It does not require a grid supply or renewable energy power source (e.g. a wind farm/solar farm) as is required for supply of energy to electrolysers which, if built from scratch, would likely require land, planning consent, grid connection, additional environmental permits, potentially requiring material capex and relatively lengthy timescales (e.g. lead-time on consents and permitting, equipment supply, construction and commissioning, dependent on the scope of the project).

John Wilson, Chief Executive of AFC Energy, said:

 "Lack of infrastructure and the high cost of hydrogen production are seen as the biggest challenges to scaling the hydrogen industry.  With the launch of Hy-5, AFC Energy has removed these, launching on-site supply at a market disruptive price point."   

*delivery, training, minimum term and take or pay provisions apply.

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About AFC Energy

AFC Energy plc is a leading innovator in hydrogen-based power and ammonia cracking solutions, delivering clean energy for on-grid and off-grid applications. The Company's hydrogen fuel cell technology provides a sustainable alternative to diesel power generation, supporting electric vehicle charging, decentralised power systems for construction, and temporary power needs. AFC Energy is also exploring new opportunities across maritime, data centres, and rail, driving the decarbonisation of growing electrification demands.

The Company's subsidiary, Hyamtec, is commercialising proprietary ammonia cracking technology to unlock new opportunities in distributed hydrogen production. This includes hydrogen refuelling, natural gas displacement for industrial processes, and hydrogen combustion engine conversions. Hyamtec's solutions are designed to meet the decarbonisation needs of industries such as mining, cement, asphalt, power generation, and heavy engineering, supporting the global transition to clean energy.