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AFC Energy PLC (AIM:AFC, OTC:AFGYF) CEOAdam Bond joins Proactive's Stephen Gunnion with details of itslatest advancements in ammonia cracker reactor technology.
After launching its first modular scalableammonia cracker at COP28 last year, Bond said AFC Energy had achievedworld-class efficiency levels in ammonia cracking technology wellahead of schedule. This development is pivotal for the sustainableproduction and transportation of hydrogen.
AFC Energy's approach proposes manufacturing hydrogen inregions with low energy costs, like the Middle East, and transportingit as ammonia to areas where energy is more expensive, such as the UKand Europe.
The latest advancementin the technology facilitates a 33% reduction in electrical powerconsumption compared to the 2023 design, with expectations to reduceenergy usage to below 10 kilowatt-hours per kilogram, positioning AFCEnergy as a leader in the market.
The company is on track to further reduce energy consumptionwithin the next 12 months. Discussions and visits from major globalproducers of green and blue ammonia indicate strong commercialinterest, with revenue expected from 2025.
AFC Energy is scalingup its next-generation technology and aims to finalize the commercialmodule size, resembling a large washing machine, within this calendaryear.
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