AFC Energy: ammonia crackers face hydrogen challenges
AFC Energy’s new ammonia cracker technology platform offers promising opportunities for the future of green hydrogen in Europe and Asia. This revolutionary innovation will allow for low-cost on-site hydrogen production.
| Sectors | Hydrogen Energy, Hydrogen Derivatives |
|---|---|
| Themes | Markets & Finance, Sector Analysis |
| Companies | AFC Energy |
AFC Energy announces its ammonia cracker technology. This innovation will unleash the value of ammonia as a hydrogen fuel in European and Asian energy markets. Indeed, AFC Energy’s cracker technology has been designed to address the challenges associated with hydrogen production, storage and transportation, and will enable greater use of green hydrogen in hard-to-stabilize industries seeking to decarbonize.
Ammonia crackers to meet the different needs of hydrogen
AFC Energy’s Flex-Fuel strategy was designed to meet the growing need for low-cost, on-site hydrogen production. The new ammonia cracker technology platform is a highly innovative development that has no comparable competitor. In addition, the modular design of the ammonia crackers and the low-cost system architecture make it easy to scale up the cracker from small-scale hydrogen production to multi-million ton per year production.
AFC Energy’s modern solution can help meet the growing demand for clean hydrogen energy in off-grid applications, especially in hard-to-stabilize areas. The new ammonia cracker technology thus opens up emerging opportunities in the nascent hydrogen sector in Europe and Asia.
With ammonia crackers, AFC Energy enters a promising market
The market for AFC Energy’s ammonia cracker technology is expected to be significant. IRENA states that by 2050, in the 1.5°C scenario, ammonia will become the largest market for marine transportation and stationary energy, surpassing all current ammonia markets combined. Hydrogen customers around the world are favoring the use of ammonia as a transportation fuel, and demand is expected to grow massively to 223 million tons by 2030 in a 1.5°C scenario.
AFC Energy in discussions with industry players
AFC Energy is in discussions with companies and industries such as ship owners, utilities, OEMs and industrial scale hydrogen users. This initiative confirms the emerging opportunities in this emerging sector and AFC Energy’s ability to meet the energy challenges of tomorrow.
