AFC Energy (GB:AFC) has released an update.
AFC Energy, a hydrogen power technology leader, has announced a successful oversubscribed fundraising initiative, securing £13.8 million through share placements and subscriptions, with additional retail investor financing on the horizon. With this capital raise, the company aims to expand its inventory and enhance the deployment of its H-Power Generators, contributing to the transition away from diesel generators and advancing the clean energy sector. Shareholder approval at the upcoming General Meeting will be sought to finalize the fundraising efforts.
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