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TORONTO, Nov. 29, 2022 (GLOBE NEWSWIRE) — Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“PWWR“or the”Company“), a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to announce that its Belgium subsidiary, Fuel Cell Power NV (“FCP NV“), has achieved a significant milestone in the development of its alkaline fuel cell system, will be hosting a launch event on 11th January, 2023 in Geel, Belgium, and has transitioned the Company’s Chief Operating Officer to Managing Director of FCP NV to complete The development and commercialization of its fuel cells.
“Alkaline Fuel Cell Power is proud to announce the unveiling of the prototype of our much-anticipated alkaline fuel cell system,” commented Frank Carnevale, Chief Executive Officer of PWWR. “We are now transitioning to the commercialization phase, and recent pilot announcements demonstrate our abilities to speed up growth in markets for our fuel cells. I’m also excited that Mr. Jo Verstappen, my COO, has transitioned to Managing Director of our fuel cell business to deliver our fuel cells, globally.”
On November 17, 2022, the Company shared a Save the Date notice with a number of key stakeholders in Europe and North America, including investors and industry thought leaders, to attend the upcoming event. During the launch event, PWWR will unveil the fuel cell name, highlight the full functionality of the prototype system and provide a demonstration of its capabilities as a safe, renewable and reliable solution for power generation for both residential and commercial buildings. The discussion will also address how the system has utility for off-grid and peak power applications.
Figure 1- PWWR’s Save the Date sent out to investors and industry peers on November 17, 2022
Innovation of the Alkaline Fuel Cell System
A fuel cell is a clean electrical power conversion/generation system, akin to small power stations that provide electricity and an equivalent amount of heat for various purposes. PWWR has been working to optimize innovation for hydrogen-powered fuel cells that operate in an alkaline environment As a result, this technology requires fewer components compared to conventional fuel cells and also eliminates the need for expensive, precious metals such as platinum which have traditionally been required in the electrodes. These systems will therefore be more cost-effective to buy a competitive advantage over existing systems.
PWWR’s…
Full story available on Benzinga.com
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