(NewsDirect)
AFC Energy PLC CEO Adam Bond speaks toThomas Warner from Proactive after the hydrogen fuel cell technologyprovider announced the launch of its 50:50 joint venture with SpeedyHire, Speedy Hydrogen Solutions (SHS).
The collaboration, announced in July and now formalised underthe name SHS banner, aims to revolutionise the temporary powerindustry by transitioning from diesel to sustainable hydrogengenerators.
Bond outlined theindustry shift away from diesel, with major infrastructure committingto eliminating diesel generators by 2029. AFC's role is to supportthis transition, providing hydrogen generators to SHS, which will thenlease them to Speedy and its customers.
Bond highlights the positive reception to the JV and initialrevenue projections of at £4.7 million in the first year, primarilyfrom generator sales.
Bond sees this deal as a culmination ofAFC's efforts in commercialising its technology throughout theyear. While positioning itself as a leader in the hydrogen generationmarket, AFC has also attracted global interest, reflecting thepotential of its technology.
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