AFC Energy

Why it's on ClimateTicker

AFC Energy manufactures alkaline fuel cell systems that generate zero-emission electricity from hydrogen, directly displacing diesel generators on construction sites and off-grid applications — a genuine mitigation play with clear avoided-emissions logic. However, the climate case carries a critical caveat: the net emissions benefit depends entirely on whether the hydrogen feedstock is green (electrolytic/renewable) or grey (SMR fossil), and the company has not publicly quantified lifecycle emissions or independently verified avoided-CO2 claims. At its current pre-commercial scale, real-world decarbonisation impact remains modest and largely prospective.