Leading provider of Hydrogen power, AFC Energy (LON:AFC) has announced that it has completed its fundraising which has seen it raise £31.6 million…
The company said the proceeds from the fundraising will be used to support the development of the company. It will move from the development stage of its products into the manufacturing stage.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
The company describes itself as the “the leading provider of alkaline fuel cell solutions, AFC Energy is at the vanguard of energy transition and will be a key enabler in achieving the goal of a zero-carbon emission economy.”
The main object of the fundraising proceeds is the multiple manufacturing of its new H-Power fuel systems.
The company has previously produced pop-up electric vehicle charging units and are hoping to capitalise on the shift to cleaner energy sources and the move to electric vehicles.
AFC Energy is set to install hydrogen electrolysers in the UK’s biggest water desalination plant.
However, despite the decisive steps in its business, the company’s share price is down by 4.33% today despite clawing back some of its earlier losses.
It opened up the day at 16.98ppp and is now currently trading at 19ppp.
With the current developments in its business and the global push to move to other energy sources, I feel over the next 12-months we could see AFC Energy move higher.
