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AFC Energy chief: Dubai deal is ‘great start’ towards 1 GW target

Adam Bond, chief executive of AFC Energy (LON:AFC), tells Proactive Investors the latest fuel cell deal unveiled today in Dubai is a great start towards the group’s goal of having 1 gigawatt of capacity under development by the end of 2020.

The company has just announced that it has signed a memorandum of understanding (MoU) with Dubai Carbon for around 300 megawatts of its fuel cells in Dubai.

Bond explains the role water can play in the company’s ‘value proposition’ and insists by the time the cells are deployed, the company will have a ‘fully commercially compliant project and technology’.

Quick facts: AFC Energy PLC

Price: 19 GBX

Market: AIM
Market Cap: £85.61 m

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