Buy AFC Energy (AFC:AIM), Great Britain’s Fuel Cell Darling

Posted August 6, 2008

" I was there to visit AFC Energy, an AIM-listed company that believes it can radically reduce the cost and improve the reliability of fuel cells." — Tom Bulford

Blogger’s note: Perhaps I’m biased because of my American perspective, but when I think "countries with innovative green energy technology," the UK doesn’t come to mind at the top of my list. But I guess I’m wrong. Tom Bulford of Penny Sleuth UK has discovered a small British fuel cell company with innovative technology, growth potential and a listing on the London Stock Exchange’s AIM market. And I knew you’d want to learn more about it.

by Tom Bulford

Baltimore — (TFN): Your Penny Sleuth’s latest outing has taken him to Dunsfold Park in the leafy Surrey countryside near Guildford, UK.

This was built by the Royal Canadian Army as an emergency airfield in 1942 and after the war became a repatriation centre from which 47,000 prisoners of war were returned to their homelands.

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Today Dunsfold Park is the location for (British TV show) Top Gear, but it is also a business park. And I was there to visit AFC Energy (AFC:London), an AIM-listed company that believes it can radically reduce the cost and improve the reliability of fuel cells.

Fuel cells combine a fuel – for example hydrogen – and oxygen in an electrochemical reaction, producing electricity, heat and by-products such as water. They hold the potential for efficient energy production that does no environmental damage, but they are not new. Read on to learn more.

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