AFC Energy PLC 2021 AR2
The report highlights AFC Energy PLC's operational and strategic progress for the fiscal year ended October 31, 2021, focusing on displacing diesel generators with clean energy fuel cell solutions. Key achievements include the successful deployment of its L Series fuel cell system in the Extreme E racing series and the acceleration of its S Series solid membrane technology platform. The company also expanded its strategic partnership with ABB, securing a first £4 million commercial order for an S Series system. Financially, AFC Energy strengthened its position with a successful £36 million fundraise, ending the year with £55.4 million in unrestricted cash.
Company: AFC Energy PLC
Sector: Industrials
Country: United Kingdom
Year: 2021
Type: AR2
Pages: 103
AFC Energy PLC
Annual Report
The report highlights AFC Energy PLC's operational and strategic progress for the fiscal year ended October 31, 2021, focusing on displacing diesel generators with clean energy fuel cell solutions. Key achievements include the successful deployment of its L Series fuel cell system in the Extreme E racing series and the acceleration of its S Series solid membrane technology platform. The company also expanded its strategic partnership with ABB, securing a first £4 million commercial order for an S Series system. Financially, AFC Energy strengthened its position with a successful £36 million fundraise, ending the year with £55.4 million in unrestricted cash.
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Document Details
Report Year
2021
Reporting Period
Nov 1, 2020 - Oct 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees