ALKFF - ALKFF STOCK NEWS

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) has released an update on its fuel cell technology development, highlighting a conceptual image of a new 10 kW generator and plans for deploying six fuel cell units globally. The CEO stated that the company's technology significantly lowers costs by not using precious metals. AFCP is set to deploy two 4 kW CHP units by the end of 2023 and four additional CE-certified prototypes between 2024 and 2025. The company aims to capitalize on immediate revenue opportunities in off-grid and backup generator markets, with a potential $16 million revenue from a new CHP project in Toronto.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) has announced advancements in its low-cost fuel cell technology, including the introduction of a new 10 kW fuel cell generator. The company plans to deploy six fuel cell units for pilot projects globally, with CE-certified prototypes set for 2024 and 2025. AFCP's fuel cells, which do not use precious metals, aim to reduce costs significantly. A recent project in Toronto is expected to generate $16 million in revenue. The company is also pursuing partnerships across North America and Europe for pilot deployments.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) announced a $2.2 million combined heat and power (CHP) project in Toronto, set to provide over $16 million in revenue across a 25-year Energy Service Agreement. CEO Frank Carnevale emphasized that this initiative will enhance immediate revenue and supplement their hydrogen fuel cell development. The company is poised to begin connection assessments and engineering designs for the project, with plans to order the CHP engine in Q4 2022. AFCP reported a cash balance of $3.1 million as of Q2 2022.

Alkaline Fuel Cell Power Corp. (PWWR) announces a $2.2 million combined heat and power (CHP) project for a Toronto condominium, projected to generate over $16 million in revenue over 25 years. This initiative is part of the PWWR Flow brand, aimed at delivering immediate revenue and complementing their hydrogen-powered alkaline fuel cells. The project is anticipated to commence by July 2023, with a focus on efficient energy generation at a discounted rate for the Condo Corp. The company expects to secure project debt to support this project.

Alkaline Fuel Cell Power Corp. (ALKFF) reported its Q2 2022 operational results, showing a 5% increase in total assets to $9.413 million and a 71% reduction in operating expenses year-over-year. The company recorded a reduced net loss of $1.4 million, down from $5.0 million in Q2 2021. Initial revenue generation reached $46.5 thousand. Despite declines in working capital and cash on hand, the company aims to enhance financial flexibility and expand its operations in the renewable energy sector, focusing on commercialization and strategic acquisitions.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) is advancing its development of fuel cells aimed at the off-grid and backup generator markets. The portable generator market, valued at $4.6 billion in 2021, is projected to grow to $6.7 billion by 2027, indicating strong demand. AFCP plans to leverage its alkaline technology to offer zero-emission alternatives to diesel generators, positioning itself to capitalize on regulatory pressures and market growth. The company aims to generate revenue quickly through partnerships and sales in this expanding sector.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) is advancing its 4 kW Combined Heat and Power (CHP) fuel cell technology by developing new models aimed at the off-grid and backup generator markets. The global portable generator market, valued at US$4.6 billion in 2021, is projected to grow to US$6.7 billion by 2027, with a CAGR of 6.5%. AFCP's alkaline fuel cells provide cost-effective, zero-emission alternatives to traditional generators, positioning the company for early revenue generation and targeting segments such as cell towers, residential, and industrial applications.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) reported significant advancements in the first half of 2022, focusing on its alkaline fuel cell technology and energy asset acquisitions. Key milestones include acquiring AI Renewable’s combined heat and power (CHP) business, expected to generate ~$16.6 million in gross revenue. The company aims to enhance its revenue stream while developing hydrogen fuel cells for the future. AFCP plans strategic acquisitions and aims to grow its installation base in the coming years amidst a supportive market projected to reach $800 million.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) reported significant milestones for H1 2022, emphasizing its diversification strategy into profitable renewable energy assets. The company acquired AI Renewable’s CHP business, potentially generating up to $16.6 million in gross revenue. AFCP also made strides in hydrogen fuel cell development, appointed a new CEO, and rebranded its CHP division to PWWR Flow. Looking ahead, the company aims to enhance financial flexibility and secure acquisitions, tapping into a growing $800 million North American CHP market.