AFC Energy PLC (LON:AFC) is getting into the zero-emission motorsport business by teaming up with Extreme E, the team behind FIAs Formula E racing championship.
Extreme E is planning a hydrogen-fuelled electric SUV rally racing series that is slated to launch in early 2021, and AIM-quoted AFC will provide off-grid power to the racing series – including its zero-emission charging system.
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Races are planned next year for Greenland, Saudi Arabia, the Amazon and other locations, with the races themselves to take place over a weekend and be held in remote locations with little infrastructure.
The series is designed to be a practical and symbolic showcase with the off-road race events taking place in remote locations which, according to AFC, will highlight important climate issues and also show how hydrogen can be used as a viable alternative fuel all environments.
AFC will engineer a novel off-grid Green Hydrogen generation and storage system which will allow the championship to produce its own self-certified green race fuel pre-race. By-product water will be used on location.
The relationship starts with an initial one-year contract, with a down-payment due to AFC upon formal order of equipment.
"We are honoured to have been selected by Extreme E in such a world-class motor racing championship, designed to highlight not only the true potential of electric vehicle SUVs in some of the harshest environments on Earth, but also the need to raise public awareness of the debilitating impact climate change is having on our ecosystems," Adam Bond, AFC chief executive said in a statement.
"AFC Energy's Hydrogen fuelled H-PowerTM system is designed to provide a viable, flexible, sustainable power generation alternative to the diesel generator, and our collaboration with Extreme E affords an important global platform to highlight that robust, innovative alternatives to diesel gensets exist in the market today and through the adoption of distributed Hydrogen generation, are available to support the decarbonisation of incumbent off-grid power systems.”
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