OverviewSuggest Edit

AFC Energy was incorporated in January 2006 to purchase certain intellectual property and assets relating to alkaline fuel cell technology from Eneco Limited. AFC Energy raised £2.4 million to fund its initial working capital requirements and, in April 2007, completed its IPO and admission to AIM, raising c. £3 million from ordinary shares.

AFC Energy is now the world’s leading developer of low-cost alkaline fuel cell technology. Focused on large-scale industrial applications, the technology is fully scalable to provide clean electricity on-demand. The fuel cell has the potential to be the catalyst, which transforms the way in which industries of today produce energy for tomorrow.

TypePublic
Founded2006
HQCranleigh, GB
Websiteafcenergy.com

Latest Updates

Employees (est.) (Apr 2017)44
Revenue (FY, 2018)£387 (-99%)
Share Price (Jan 2021)£0.8 (-4%)
Cybersecurity ratingAMore

Key People/Management at Afc Energy

John Rennocks

John Rennocks

Chairman and Non-Executive Director
Adam Bond

Adam Bond

Chief Executive Officer
Joe Mangion

Joe Mangion

Non-Executive Director
Jim Gibson

Jim Gibson

Chief Operating Officer
Gerry Agnew

Gerry Agnew

Non-Executive Director
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Afc Energy Office Locations

Afc Energy has an office in Cranleigh
Cranleigh, GB (HQ)
Dunsfold Aerodrome, Stovolds Hill
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Afc Energy Financials and Metrics

Afc Energy Revenue

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Afc Energy's revenue was reported to be £387 in FY, 2018 which is a 99.8% decrease from the previous period.
GBP

Revenue (FY, 2018)

387.0

Revenue growth (FY, 2017 - FY, 2018), %

(99.8%)

Gross profit (FY, 2018)

(28.6k)

Gross profit margin (FY, 2018), %

(7390.4%)

Net income (FY, 2018)

(4.3m)

EBITDA (FY, 2018)

(4.7m)

EBIT (FY, 2018)

(5.0m)

Market capitalization (15-Jan-2021)

525.4m

Closing stock price (15-Jan-2021)

0.8

Cash (31-Oct-2018)

2.8m
Afc Energy's current market capitalization is £525.4 m.
GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

357.4k759.4k782.2k2.3m967.6k230.6k387.0

Revenue growth, %

908%113%3%189%(57%)(76%)(100%)

Cost of goods sold

27.5k542.9k1.0m4.8m1.9m397.1k29.0k

Gross profit

329.9k216.5k(247.2k)(2.6m)(916.0k)(166.5k)(28.6k)
GBPFY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

396.2k2.1m3.6m1.9m5.3m6.0m10.9m7.0m4.9m1.8m3.0m6.8m2.8m

Accounts Receivable

20.3k4.6k391.0419.2k2.5m

Inventories

123.7k123.7k123.7k96.2k127.0k174.5k157.0k219.4k150.9k163.0k163.7k

Current Assets

511.0k2.6m4.3m2.3m6.0m6.8m11.7m8.9m9.3m6.8m5.8m8.5m4.5m
GBPFY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(542.5k)(1.7m)(2.7m)(2.1m)(2.8m)(4.0m)(3.8m)(4.1m)(5.4m)(4.8m)(5.7m)(4.9m)(4.3m)

Cash From Operating Activities

539.3k1.4m(2.5m)(1.5m)(2.0m)(2.7m)(2.9m)(3.8m)(5.9m)(6.5m)(3.5m)(3.7m)(4.0m)

Cash From Financing Activities

1.4m3.6m4.3m6.1m3.9m8.3m350.8k4.0m3.5m4.7m7.7m12.5k

Net Change in Cash

396.2k1.7m1.5m(1.7m)3.5m622.7k5.0m(4.0m)(2.1m)(3.1m)1.2m3.8m(4.1m)
GBPFY, 2006

Financial Leverage

1.1 x
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Afc Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

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Afc Energy Online and Social Media Presence

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Afc Energy Blogs

Interview: AFC Energy deal with ABB offers more access to $140bln EV market

Our CEO, Adam Bond, spoke to Proactive Investors about AFC Energy’s partnership with ABB.   The post Interview: AFC Energy deal with ABB offers more access to $140bln EV market appeared first on AFC Energy.

AFC Energy and ABB Partner to Power-Up the Future of Clean EV Charging

UK hydrogen power specialist to work with world leader in electrification technologies to bring hydrogen powered EV charging to a global market UNITED KINGDOM, 16th December; AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, today announces a strategic partnership …

ABB Strategic Partnership Underscores Conviction in Powering the Global EV Charging Market

  Today, we are pleased to be launching a new strategic partnership with one of the world’s powerhouses in electrification and transportation, ABB. As a leading supplier of DC electric vehicle chargers, ABB has charging systems deployed in over 80 countries with customer channels spanning... The pos…

Extreme E 2021 Global Season Launch Highlights “Amazing” Hydrogen Fuel Cell EV Charging Technology with Strong Support from Lewis Hamilton

AFC Energy, a leading provider of hydrogen power generation technologies, is pleased to welcome Extreme E’s 2021 Season Global Launch for the inaugural all-electric SUV rally championship in a live global webcast. AFC Energy is working with Extreme E and all of its announced racing... The post Extre…

De Nora: Hydrogen unavoidable to enable the energy transition

The post De Nora: Hydrogen unavoidable to enable the energy transition appeared first on AFC Energy.

Afc Energy Frequently Asked Questions

  • When was Afc Energy founded?

    Afc Energy was founded in 2006.

  • Who are Afc Energy key executives?

    Afc Energy's key executives are John Rennocks, Adam Bond and Joe Mangion.

  • How many employees does Afc Energy have?

    Afc Energy has 44 employees.

  • What is Afc Energy revenue?

    Latest Afc Energy annual revenue is £387 .

  • What is Afc Energy revenue per employee?

    Latest Afc Energy revenue per employee is £9 .

  • Who are Afc Energy competitors?

    Competitors of Afc Energy include H2SYS, HYON and IRD Fuel Cells.

  • Where is Afc Energy headquarters?

    Afc Energy headquarters is located at Dunsfold Aerodrome, Stovolds Hill, Cranleigh.

  • Where are Afc Energy offices?

    Afc Energy has an office in Cranleigh.

  • How many offices does Afc Energy have?

    Afc Energy has 1 office.