ALKFF Stock Price, News & Analysis

Alkaline Fuel Cell Power Corp. (OTCQB:ALKFF) has signed a non-binding letter of intent with AmmPower Corp. to establish a joint venture aimed at developing a pilot project that integrates PWWR’s fuel cell technology with AmmPower’s green ammonia conversion process. This partnership, announced on November 3, 2022, seeks to demonstrate the effectiveness of ammonia as a clean energy carrier. The pilot project will convert green ammonia to hydrogen and then utilize the hydrogen to generate carbon-free electricity, showcasing significant market potential in North America's alternative energy landscape.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) announced the engagement of Agora Internet Relations Corp. and Grit Capital Corp. for marketing and investor relations services. The company aims to enhance public awareness and interest in its renewable energy assets. The estimated cost for these services is approximately $270,000 annually, to be settled through Restricted Share Units each quarter. AFCP focuses on developing affordable, renewable, and reliable energy technology, aiming for commercialization milestones in 2024.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) reported its first full quarter of revenue, achieving $134,616 in Q3 2022, up from $0 in 2021. The company has the largest sales pipeline in its history, with over $50 million in potential CHP projects expected to generate approximately $16 million in gross revenue over the next 25 years. AFCP reduced its loss to $4.2 million from $8 million year-over-year while working capital decreased to $724,761, with $1,577,907 in cash as of September 30, 2022. CEO Frank Carnevale highlighted ongoing efforts to secure growth capital for future expansions.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) announced the election of its CEO, Frank Carnevale, to the Board of Directors of the Canadian Hydrogen and Fuel Cell Association (CHFCA) effective October 13, 2022. The CHFCA aims to promote the use of clean hydrogen and fuel cell technologies. Carnevale's extensive experience in managing investments in cleantech, including over $2.5 billion in transactions, will enhance AFCP's influence in the sector. The collaboration aligns with AFCP’s goals of providing efficient, renewable energy solutions and contributing to global net-zero targets.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) has launched a corporate video series to raise awareness of its hydrogen fuel cell technology. With rising energy costs, AFCP aims to provide cost-effective solutions, forecasting green hydrogen prices could reach $1 per kg by 2031. The company focuses on affordable and renewable energy, targeting significant market opportunities as electricity rates surge, particularly in Toronto, where rates could exceed $0.30 per kWh by 2030. AFCP is also piloting hydrogen delivery through natural gas pipelines to enhance customer access.

Alkaline Fuel Cell Power Corp. (ALKFF) has filed a management information circular regarding its Special Meeting on October 17, 2022. The company seeks shareholder approval to amend the exercise prices of certain common share purchase warrants from $0.75-$0.33 to $0.20, and stock options from $0.33-$0.25 to $0.15, to align with current trading prices. CEO Frank Carnevale emphasized the focus on hydrogen-powered technology and revenue generation through strategic acquisitions. The proposed amendments will activate upon shareholder approval and necessary regulatory filings.

Alkaline Fuel Cell Power Corp. (ALKFF) has announced a joint venture (JV) pilot project with Progressus Clean Technologies to develop hydrogen and natural gas blending solutions. The LOI signed on September 12, 2022, will provide in-field proof of concept and operational data aimed at aiding utility companies in utilizing hydrogen in their pipelines. The project targets residential and commercial clients in North America initially, with plans for expansion in Europe. This collaboration reflects a commitment to advancing zero-emission energy technologies amidst a growing demand for renewable solutions.

Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) has signed a letter of intent with Progressus Clean Technologies to establish a joint venture pilot project aimed at integrating hydrogen into natural gas utilities. The project will combine technologies from both companies to provide proof of concept and operational data for residential and commercial applications in North America. By extracting hydrogen from gas streams, the initiative seeks to accelerate utility companies' capabilities to utilize hydrogen, thereby supporting zero-emission energy solutions and enhancing market opportunities for both firms.