AFC Energy Plc (LON: AFC) has informed about its collaboration with Extreme E.
- The company has collaboration with Extreme E to supply zero-emission, hydrogen-fuelled, off-grid power to its debut electric SUV racing series slated to start in early 2021.
- The company is engineering for Extreme E a novel off-grid Green Hydrogen generation and storage system which will enable the Championship to produce its own self-certified green race fuel pre-race.
- The company has further stated that the contract agreement is of an initial one year with a down-payment payable upon order. Once the equipment is made available, the subsequent payments would be recognised
- On 15th July 2020, at the time of writing, GMT 09:53 AM, AFC shares were trading at GBX 24.75, up by 1.55 points or 6.68% against the previous day closing price.