AFC Energy announced the launch of its new Hydrogen fueled "Power Tower EV" integrating for the first time ABB's AC charging solution. The "Power Tower EV" is a specially designed variant to the Power Tower launched in March 2022 for destination electric vehicle charging. Building on the energy dense, highly efficient Power Tower off-grid power solution, the EV variant model fully integrates for the first time an ABB Terra AC charger solution for reliable vehicle charging capability.

Engineered by AFC Energy's design team, the Power Tower EV can provide permanent or temporary installations with clean power where grid-based EV charging infrastructure is unavailable. Further builds on the partnership between AFC Energy and ABB across e-mobility applications. The product will be available for viewing alongside the Power Tower at this morning's AGM.

The global vehicle market is in the early stages of an aggressive transition towards electrification. In the UK alone, Government policy demands all new vehicles will need to be electric by 2030. This policy agenda continues to highlight the challenge drivers face in vehicle charging, with underinvestment to date in both destination public charge points and in constrained grid capacity.

The Power Tower EV seeks to address a number of these challenges with a sustainable EV charging solution which can be installed on a temporary or permanent basis where grid connectivity is not viable. EV charging at weekend festivals, sporting events, concerts or simply to address temporary influxes of electric vehicles at construction sites or hotels are examples of use cases for the Power Tower EV. The EV variant to the Power Tower will also be capable of operating on Hydrogen fuel or Methanol, the later requiring a methanol reformer which AFC Energy is able to provide on a fully integrated basis later this year.

The first Power Tower EV will be on display at the Company's Annual General Meeting this morning alongside the Power Tower launched last month.