AFC Energy PLC (AIM:AFC, OTC:AFGYF) CEO Adam Bond speaks to Thomas Warner from Proactive after the hydrogen technology provider unveiled what it calls its world-first modular ammonia cracker system. Bond speaks to Proactive from COP28 in Dubai, where he explains he's been talking to people about hydrogen's role in the global economy.
He goes on to explain the significance of today's news, saying that the modular cracker enables the efficient transportation and conversion of ammonia into hydrogen, a key element in the emerging green economy. Ammonia, composed primarily of hydrogen, is an effective medium for hydrogen transport.
Bond explained that the modular nature of their technology allows for scalability and adaptability in various settings, including maritime applications, addressing a major logistical challenge in the green energy transition. AFC Energy's technology has already been installed in the UK, showcasing the complete value chain from production to consumption. The modular system allows for scaling according to demand, minimising overinvestment.
Additionally, it opens possibilities for use in the maritime sector, supporting the shift to ammonia as a fuel in global shipping. Following the successful demonstration, AFC Energy anticipates further commercial success and partnerships, including a recently signed letter of intent for joint marketing of ammonia supply and hydrogen production.
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