TORONTO, August 25, 2022 (GLOBE NEWSWIRE) — Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“AFCP”) or “Company”)is a diversified investment platform to develop affordable, renewable and reliable energy assets and cleantech, and is a leading provider of low-cost fuel cell technologies, including the recently announced 10 kW fuel cell generator schematic. We are pleased to provide investors with the latest information on the development. Deployment of six fuel cell units for global pilot projects, and updates to company webpage and investor presentations. www.fuelcellpower.com
“AFCP will launch a CE-certified low-cost fuel cell generator in We look forward to deploying additional prototype units 4 units. 2023”cChief Executive Officer Frank Carnevale said: “Because our technology does not require precious metals, the cost is significantly lower than other fuel cells on the market, and there is growing excitement within AFCP to bring our line of fuel cells to market more quickly. ”
Accelerating AFCP Revenue Opportunities with Scalable 10 kW Fuel Cell Generator
As announced on 10 August 2022, the AFCP is a series of fuels targeting more direct revenue opportunities within the off-grid and backup generator market, starting with 4kW generators followed by 10kW generators. developing batteries. Fuel cells are expected to be integrated into larger configurations of 10kW fuel cell stacks with generator sizes ranging from 10kW to 100kW.
Figure 1 – Image of a 10kW fuel cell generator
Updated Timeline for CE Certified Prototype Units
In a pilot phase demonstrating the versatility and robustness of our alkaline fuel cell technology, we are adding We are developing two prototype units for All prototypes have already achieved full CE certification, a regulatory standard that verifies that certain products are safe for sale and use in the European Economic Area (EEA), and will be subject to a successful pilot implementation. , our company can enter the market quickly.
AFCP plans to build a total of six complete CE-certified prototype units in stages starting with:
- Two 4 kW fuel cell CHP units in Q3 2023.
- Two 4 kW fuel cell generators in Q2 2024.When
- Two 10 kW fuel cell generators in Q2 2025.
These future prototype catalysts will feature near-term revenue potential, including the recently announced $2.2 million Combined Heat and Power (“CHP”) capital project for a condominium in Midtown Toronto. Complemented by the PWWR Flow Stream business line. Canada expected to generate $16 million in revenue over the life of the service contract.
Advance pilot project deployment
Building on the success achieved by AFCP to date through its active CHP business and continued development of Micro-CHP units, the Company will deploy these fuel cell generator prototype units in pilot projects in Europe and North America. We have actively identified and nurtured contracts to AFCP is engaged in ongoing pilot discussions with local governments, natural gas distributors, utilities, hydrogen separation companies and generator integrators.
The company is also actively involved in several hydrogen associations such as Hydrogen Europe, Waters of Net, North American Hydrogen Council, Canadian Hydrogen and Fuel Cell Association, providing governments, capital providers and governments with a wide range of industry Useful for profiling and promoting. general public.
AFCP will make further announcements as it unfolds by Q3 and Q4 2022.
Forecast of Sales and Earnings
With this update, AFCP is pleased to provide its 2022 balance and long-term outlook based on its news release dated June 20, 2022. As outlined above, AFCP expects two of his 4kW fuel cell CHP units to be ready by the end of the year, followed by CE certification within the next six months. In addition to this accreditation, AFCP will continue work to advance pilot programs and make fuel cells widely available for sale to individuals seeking a low-cost alternative to heat and power available behind the meter.
About Alkaline Fuel Cell Power Generation Co., Ltd. (NEO: PWWR)
AFCP is a diversified investment platform that develops affordable, renewable and reliable energy assets and cleantech. Today, we combine a stable revenue stream with a future-oriented vision to bring “power to the people”, commercialize advanced hydrogen fuel cell technology to meet the vast needs of the global market, and ultimately to investors. Attractive profit.
AFCP operates through two global companies: Fuel Cell Power NV, a wholly owned Belgian subsidiary, and PWWR Flow Streams (“PWWR Flow”), a Canadian AFCP brand.
- Fuel cell power NV It focuses on the development, manufacture and commercialization of micro combined heat and power (“micro CHP”) systems and off-grid and backup generators based on advanced alkaline fuel cell technology with zero CO2 emissions. Fuel Cell Power NV is working on a milestone to deliver a commercial alkaline fuel cell in 2024.
- Flow of PWWR It focuses on developing, owning and operating combined heat and power (“CHP”) assets. PWWR Flow assets deliver efficiency improvements of 20% or more while reducing costs for customers in multi-family and commercial applications. PWWR Flow has contracted his existing CHP assets in Toronto, Canada and currently in development he has an additional pipeline of potential contracts worth over $50 million.
AFCP is well-positioned to empower the people in the global energy transition while providing investors with a diverse cleantech growth platform.
For more information, please visit the company’s website at https://www.fuelcellpower.com/.
LinkedIn, Twitter, Facebook, Instagram, YouTube. The ordinary shares are listed on the NEO Exchange (“NEO”) under the symbol “PWWR”, on the OTC Venture Exchange “OTCQB” under the symbol “ALKFF”, and on the Frankfurt Exchange under the symbols “77R” and “WKN A3CTYF”. .
For more information, please contact:
Chief executive officer
+1 (647) 531-8264
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Alkaline Fuel Cell Power has delivered a conceptual design for a low-cost fuel cell generator, updating development timelines. Canadian Business Journal
Source link Alkaline Fuel Cell Power has delivered a conceptual design for a low-cost fuel cell generator, updating development timelines. Canadian Business Journal