AFC Energy plc announced the signing of a Joint Development Agreement with a confidential leading global industrial S&P 500 company (the " Industrial Partner") (the "JDA"). Highlights: AFC Energy and a leading global industrial company sign JDA to develop a range of small to large scale highly efficient ammonia crackers for hydrogen production. Successful completion of JDA milestones expected to result in material AFC Energy revenues from 2027 onwards.
Under the JDA, the Company and the Industrial Partner will collaborate to develop a range of small To large scale highly efficient ammonia cracker systems for large scale industrial use, including, for example, port side hydrogen pipeline filling in Northen Europe.
