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AFC Energy PLC (AIM:AFC, OTC:AFGYF) CEOAdam Bond speaks to Thomas Warner from Proactive after the hydrogentechnology provider unveiled what it calls its world-first modularammonia cracker system. Bond speaks to Proactive from COP28 in Dubai,where he explains he's been talking to people about hydrogen'srole in the global economy.
He goeson to explain the significance of today's news, saying that themodular cracker enables the efficient transportation and conversion ofammonia into hydrogen, a key element in the emerging green economy.Ammonia, composed primarily of hydrogen, is an effective medium forhydrogen transport.
Bond explainedthat the modular nature of their technology allows for scalability andadaptability in various settings, including maritime applications,addressing a major logistical challenge in the green energytransition. AFC Energy's technology has already been installed inthe UK, showcasing the complete value chain from production toconsumption. The modular system allows for scaling according todemand, minimising overinvestment.
Additionally, it openspossibilities for use in the maritime sector, supporting the shift toammonia as a fuel in global shipping. Following the successfuldemonstration, AFC Energy anticipates further commercial success andpartnerships, including a recently signed letter of intent for jointmarketing of ammonia supply and hydrogen production.
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