AFC Energy Wins Approval to Sell Hydrogen from Pilot Ammonia Cracker

AFC Energy ( (GB:AFC) ) has provided an announcement.

AFC Energy has secured a revision to its UK Environment Agency research and development permit, allowing it to export and sell low carbon hydrogen from its pilot ammonia cracking plant at Dunsfold. The approval confirms the company’s ability to produce ISO 14687 grade D hydrogen at 99.97% purity and validates its safety protocols, enabling training of operatives on a live site.

The permit change accelerates hydrogen-related revenue by several months and gives AFC Energy greater flexibility over when to relocate the Dunsfold pilot facility, which can currently produce up to 300kg of hydrogen per day. In parallel, the company is working with joint venture partner Industrial Chemicals Group to deploy multiple Hy-5 cracker units at Port Clarence in Middlesbrough and to establish a permitting framework to speed future rollouts of its Hy-5 units across the UK.

By unlocking commercial hydrogen sales from its pilot plant and advancing plans for larger-scale deployment through its joint venture, AFC Energy is moving from development towards revenue-generating operations. This progress strengthens its position in the emerging low carbon hydrogen market and may support its strategy to grow recurring revenues while helping industrial and power users transition away from fossil fuels.

The most recent analyst rating on (GB:AFC) stock is a Hold with a £10.50 price target. To see the full list of analyst forecasts on AFC Energy stock, see the GB:AFC Stock Forecast page.

Spark’s Take on GB:AFC Stock

According to Spark, TipRanks’ AI Analyst, GB:AFC is a Neutral.

AFC Energy’s stock score is primarily impacted by its financial performance challenges, particularly in profitability and cash flow. The technical analysis shows positive momentum, but valuation concerns due to a negative P/E ratio and lack of dividend yield weigh on the score.

To see Spark’s full report on GB:AFC stock, click here.

More about AFC Energy

AFC Energy Plc is a UK-based provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions, listed on AIM and headquartered in Dunsfold, Surrey. Its decentralised, modular ammonia cracker systems and fuel cell generators target scalable, commercially viable hydrogen and off-grid power for industrial, transport and temporary power markets.

The company’s product suite includes ammonia crackers capable of producing between 0.5 and 4 tonnes of hydrogen per day and fuel cell generators rated at 30 kW and 200 kW. These technologies are designed to displace diesel generators and support decarbonisation across hard-to-abate industries, transportation, construction, EV charging and emerging applications such as maritime, data centres and rail.

Average Trading Volume: 5,248,116

Technical Sentiment Signal: Buy

Current Market Cap: £141.2M

See more insights into AFC stock on TipRanks’ Stock Analysis page.