Shares of AFC Energy , a provider of hydrogen-fueled power generation technologies, is expected to more than double over the next year, according to RBC Capital.
The London-listed company, founded in 2006, makes a range of proprietary hydrogen fuel cell systems aimed at off-grid and remote power generation for construction, mining, and transportation industries.
U.K. shares are generally priced in pence, with 100 pence equal to one British pound ($1.28).
The 30-kilowatt generators consume hydrogen for fuel and will be available to customers in the U.K. through its joint venture with equipment hire firm Speedy Hire .
The three-year deal with Speedy Hire — under its Speedy Hydrogen Solutions brand — will target U.K. and Irish construction and emergency power markets.
Persons:
Erwan Kerouredan, Victoria McCulloch, Saudi Arabia's
Organizations:
AFC Energy, RBC Capital, RBC, AFC, Saudi, Speedy Hire
Locations:
London, British, United States, Germany, East, North Africa, Saudi