AFC Energy Plc - ACCIONA Collaboration
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
· ACCIONA is one of the world's leading construction companies and a significant global energy company operating exclusively in the renewable energy sector.
· ACCIONA and
· Agreement is part of a wider strategy of both companies to reduce emissions on construction sites.
· Both Hydrogen and Ammonia to be used to support comparative fuel evaluation within
· Cost of project to be shared between the parties.
Decarbonisation of the construction sector is a critical objective for the delivery of a NET ZERO economy and is therefore a key market focus for
As one of the world's leading construction companies with a multi-gigawatt portfolio of renewable energy investments across the world, ACCIONA, through its construction business line, has entered into an Agreement with
As a leading innovator at the forefront of research and development in the construction market, ACCIONA uses the latest techniques working with partners to carry out projects, including the reduction of the environmental footprint of its construction sites through a transition away from on-site diesel generation.
Each company will contribute to the cost of conducting the field trial.
A key selling point of
"Our collaboration with ACCIONA, a leading global constructor committed to sustainable business methods, is a strong vote of confidence that alkaline fuel cells can play an important role in providing green energy on construction sites and help phase out existing diesel generator fleets. We thank ACCIONA for this landmark opportunity to demonstrate how our technology can meet the strategic, financial and environmental targets facing construction companies globally."
For further information, please contact:
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+44 (0) 1483 276 726
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WH Ireland - Nominated Adviser and Joint Broker
+44 (0) 207 220 1666
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M C Peat & Co LLP - Joint Broker
+44 (0) 20 7104 2334
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+44 (0) 7900 205 460
ACCIONA is a global company with a business model based on sustainability. Its aim is to respond to society's main needs through the provision of renewable energy, infrastructure, water and services. With a presence in more than 40 countries, it carries out its business activities based on the commitment to contribute to the economic and social development of the communities in which it operates. ACCIONA's goal is to lead the transition towards a low-carbon economy, equipping all its projects with quality criteria and innovation processes intended to optimise the efficient use of resources and respect for the environment.
The company has been carbon neutral since 2016, offsetting all CO2 emissions generated which it could not reduce.
This information is provided by RNS, the news service of the
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