GMG to Acquire Intellectual Property and Trademark Rights from THERMAL-XR Manufacturing to Pave the Way for Global Growth

Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB: ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“AFCP” or the “Company”) a diversified investment platform developing affordable, renewable and reliable energy assets and clean technologies, has pleased to announce that the company is complementing the ongoing development of its 4 kW Combined Heat and Power (“CHP”) fuel cell by developing a range of fuel cells that target more immediate revenue opportunities within the grid off-grid and backup. generator markets.

“A Number of overall pressures are drive rapid growth and accelerating the revenue potential of the Generator market at a rate that exceeds the domestic mass market, and AFCP is uniquely positioned to utilize our cost-effective alkaline technology to meet this growing demand,” commented Frank Carnevale, director general of the AFCP. “By leveraging our existing personnel and resources in Belgium and the Czech Republic, we expect to be able to generate revenue sooner by selling our fuel cells into the growing generator market.”

Off-grid and Backup Generator Systems
In 2021, the global portable generator market was valued at an estimated US$4.6 billion, with this figure expected to reach US$6.7 billion by 2027, representing a CAGR of 6.5% on the market. period. 1 . The AFCP is developing fuel cells of varying power capacities to satisfy these off-grid and standby generator markets, including fuel cell configurations with an expected stacked range between 40 kW and 100 kW generator systems. These configurations build on AFCP’s current design for the 4 kW cogeneration system, incorporating different membrane technologies into larger fuel cells suitable for the generator market.

Discussions with integrators are underway and the AFCP will work with them to access assembly, sales, marketing and maintenance capabilities for customers, with the aim of targeting systems with a power capacity including between 40 kW and 100 kW with our alkaline fuel cell, including the following:

  • Cell towers / weather stations
  • Highway/rail monitoring
  • Rescue and military
  • Residential
  • Datacenter / hospital / industrial

Global players currently operating in the above segments provide diesel generators that have a significant carbon footprint compared to the zero-emissions alternative offered by AFCP fuel cells.

Key Advantages of AFCP Alkaline Technology
Alkaline fuel cell technology offers a number of significant advantages over other types of fuel cells, including:

  • lower cost, as no precious metals are required, allowing affordable mass production;
  • running on less pure “industrial” hydrogen that can contain up to 10 parts per million of carbon monoxide; capability not shared by other fuel cell technologies;
  • functional at very low temperatures (-35°C); and
  • a less complex plant balance.

emerging Trends in the segment of off-grid generators
The construction sector is a large market and accounts for 36% of global energy consumption and 38% of energy-related CO 2 emissions. This sector has a high demand for off-grid power generation which is currently met by diesel generators and aligns with the heavy transport sector as both sectors use diesel fuel as their primary energy carrier. 2 .

As a result, there will be significant challenges in adhering to future CO emissions 2 and anti-pollution regulations. For example, in April 2022, the UK changed its legislation to restrict the use of zero-rated diesel in generators, making hydrogen generators an attractive alternative both environmentally and economically. In Europe and the UK, the power generation market has annual sales of nearly €1 billion, while globally the figure is estimated at €20 billion. The AFCP’s targeted market segment accounts for 65% of this figure and the company expects demand for zero-emission generators to grow rapidly due to increasing emissions restrictions. 3 .

The growth potential of this new market is not limited to the sale of new generators; it also includes the replacement of installed generators that no longer meet stricter emissions regulations. The projected installed base of old diesel generators is estimated at €15-20 billion in Europe and the UK and €400 billion worldwide 4 .

Diversification Ready Strength for Second Half of 2022 and Beyond
On June 20, 2022, the Company published a outlook for the second half of 2022, and AFCP’s expansion into the standby and off-grid generator markets is consistent with our desire to accelerate and scale our efforts to commercialize fuel cells globally. The company’s inclusion of fuel cells for the generator market enables the AFCP to generate near-term revenue while the hydrogen distribution system to deliver to households continues to progress, supporting our long-term goal to supply alkaline fuel cell micro-CHP systems to the market. Off-grid and standby fuel cell generators can be operated using on-site stored hydrogen tanks, eliminating the need to distribute hydrogen directly to local sites.

ON ALKALINE FUEL CELL POWERFUL CORP. (NEO: REP)
The AFCP is a diversified investment platform developing affordable, renewable and reliable energy assets and clean technologies. We are bringing “Power to the People” today, combining a stable revenue stream with a forward-looking vision to commercialize our advanced hydrogen fuel cell technology to meet the massive needs of the global market and ultimately account, generate attractive returns for investors.

AFCP operates through two global entities: Fuel Cell Power NV, a wholly-owned subsidiary in Belgium, and PWWR Flow Streams (“PWWR Flow”), an AFCP brand in Canada.

  • Fuel Cell Power SA focuses on the development, production and marketing of micro-combined heat and power (“micro-CHP”) systems based on advanced alkaline fuel cell technology that generate zero CO2 emissions. Fuel Cell Power NV is taking important steps to deliver an alkaline fuel cell to market in 2024.
  • PWWR stream focuses on the development, ownership and operation of combined heat and power (“CHP”) assets. PWWR Flow assets deliver efficiency improvements of more than 20% with reduced costs for customers in multi-residential and commercial applications. PWWR Flow has contracted existing cogeneration assets in Toronto, Canada, and has an additional pipeline of potential contracts valued at over $50 million currently in development.

The AFCP is well positioned to deliver “power to the people” in the global energy transition while providing a platform for diversified cleantech growth for investors.

Further information is available on the Company’s website at https://www.fuelcellpower.com/ and the Company encourages investors and other interested stakeholders to follow it on:

LinkedIn, Twitter, Facebook, instagram and YouTube. The Common Shares are listed on the NEO Exchange (“NEO”) under the symbol ” PWWR “, the OTC Venture Exchange “OTCQB” under the symbol ” ALKFF and on the Frankfurt Stock Exchange under the symbols “77R” and “WKN A3CTYF”.

For more information, please contact:

Franc Carnival
Chief Executive Officer
+1 (647) 531- 8264
[email protected]

avant-garde Information

This press release contains forward-looking statements and forward-looking information within the meaning of in force securities laws. These statements to relate at coming events Where coming performance. All statements other that statements of historical do may be future-oriented statements Where information. In some case, future-oriented statements box be identified by the use of words Phone as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “plans”, “intends”, “anticipates”, “believes” or variations of Phone words and sentences Where statements this certain Shares, events Where results “may”, “could”, “would”, “might”, “would occur” or “would achieve”. Forward-looking statements may include, but are not limited to, statements with respect at the Company Technology, intellectual property, Company to plan, Goals and strategy.

avant-garde statements and information are provided for the objective of provide information on the Company’s current expectations and plans for the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Because forward-looking statements and information relate to future events and conditions, they, by their very nature, involve inherent risks and uncertainties. Actual results may differ materially of those currently anticipated due at a number of The factors and risks. As a result, readers should not to trust unduly on the future-oriented statements and information contents in this news Release. Readers are cautioned that the above list of factors is not complete. The prospective statements and information contents in this new Release are made as of the Date whose and no commitment is given at update publicly Where revise any future-oriented statements Where information, be it like a results of New information, coming events Where Otherwise, unless then obligatory by in force securities laws. Forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.

NEITHER THE NEO EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE NEO EXCHANGE POLICIES) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS COMMUNICATION.

About Dwayne Wakefield

Check Also

Recreational Boats and Fishing Boats Market Share, Size, Demand, Key

Global recreational boat and fishing boat market Recreational boating is one of the busiest maritime …