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17 Mar 2010 Register / Login F F F
05 Feb 2009

AFC Energy Enters Fuel Cell Deployment Agreement with Waste2Tricity

AFC Energy PLC have said it has entered into an agreement with London-based Waste2Tricity Ltd to supply fuel cells to W2T for integration into its system for the conversion of Municipal Solid Waste (MSW) to energy.

W2T will combine AFC Energy's new generation alkaline fuel cells with proven technologies including plasma gasification with the aim of providing the most efficient technology for the conversion of MSW into electricity.

Within the next 6 months, W2T hopes to fund and commence the construction of a pilot plant with a 50,000 tonnes capacity with the aim of commencing operation in 3 years, AFC said.
 
It has been press released that AFC Energy will receive a £1 million licence fee in return for granting W2T exclusivity for its fuel cells in the UK waste to energy market, conditional upon W2T successfully raising the initial capital for its pilot plant.

Once AFC Energy's fuel cells are integrated in W2T's gasification system, it will also receive follow-on royalty payments. The company is making a short-term, interest-bearing loan to W2T of up to £150,000 which is fully repayable by December 2010.
 
AFC Energy also has the option to acquire 25 percent of W2T’s equity and has the right to maintain two directors on its board.

 

 

Source: Fuel Cell Today

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