AFC Energy announced its collaboration with Keltbray for the lease of the Company's first fuel cell for deployment to a UK construction site. Keltbray is one of the UK's leading construction and engineering contractors with multiple high-profile projects including the Shard, HS2 and Crossrail. In September 2021, Keltbray set the target of achieving Net Zero by 2040 or sooner and made a commitment to support its clients to achieve their own Net Zero targets across their portfolio of projects.

Keltbray and AFC Energy have been working together for the past five months reviewing zero emission, fuel cell power generators able to accept flex fuelling strategies across Hydrogen, Ammonia and Methanol as a means of delivering on Net Zero aspirations in a timely manner. With the removal of the UK's £0.4861 per litre Red Diesel subsidy from April 2022, together with recent increases in the price of diesel fuel, construction and other temporary power users are facing material increases in the cost of using diesel generators relative to the cost of clean alternatives such as fuel cell technologies. Keltbray and AFC Energy are announcing a collaboration that will see: the lease of Keltbray's first HFC power generator at a construction site likely to be located in London; a roadmap for further system deployments from late 2022; and both companies work with local plant hire businesses to encourage the transition away from diesel fuelled temporary power.

Under the collaboration, AFC Energy will source and supply Hydrogen to Keltbray on commercial terms in addition to supplying the HFC system. Keltbray will take the role of operator of the HFC system with AFC Energy providing requisite training to on site operators. This will be the Company's first HFC system deployment in the UK and is a further example of the strong and immediate customer interest in the latest zero emission power generator technologies being commercialised by AFC Energy.