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Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) has announced the appointment of Carmine Marcello as an Advisor, effective immediately. Marcello, former CEO of Hydro One, brings significant asset development and management experience, which is expected to guide AFCP in expanding its renewable energy assets. Concurrently, Gerard Sauer, an early advisor, has resigned. The company has also granted 600,000 stock options to a consultant, exercisable at $0.15 per share over five years. AFCP aims to commercialize advanced hydrogen fuel cell technology and has a pipeline of contracts worth over $50 million.
Alkaline Fuel Cell Power Corp. (OTCQB:ALKFF) announces the launch of PWWR Flow, a brand under its combined heat and power (CHP) division, aiming for over 20% energy efficiency improvements. PWWR Flow plans to deploy existing CHP assets in Toronto and has a robust pipeline with contracts valued over $50 million. The new corporate tagline, 'PWWR to the People,' emphasizes affordable energy solutions while diversifying revenue streams. Additionally, the company granted 600,000 stock options to a consultant at a $0.15 exercise price, enhancing its operational capabilities.
Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) has launched its PWWR Flow brand under the combined heat and power (CHP) division, enhancing energy efficiency by over 20% for commercial and multi-residential applications. The company has secured contracts in Toronto, Canada, with a projected pipeline worth over $50 million. The initiative aims to diversify revenue streams and reduce risks amid rising power costs. Additionally, 600,000 stock options were granted to a consultant at an exercise price of $0.15, vesting over two years.
Alkaline Fuel Cell Power Corp. has achieved a significant milestone by successfully creating a functioning bench test of its micro-combined heat and power (Micro-CHP) system as of May 6, 2022. This development positions the company toward commercializing a 4kW Micro-CHP system designed for residential and commercial markets. Despite challenges from COVID-19 and supply chain issues, the unit demonstrated consistent electrical and thermal output as per its design specifications. Such advancements align with the company's focus on renewable energy solutions.
Alkaline Fuel Cell Power Corp. (OTCQB: ALKFF) has filed its Interim Consolidated Financial Statements for Q1 2022, available on its SEDAR profile. The company is pleased to announce its up-listing from OTC Pink to OTCQB, effective March 28, 2022, expanding its investor reach. OTCQB provides transparent trading for entrepreneurial firms meeting financial standards. CEO Frank Carnevale highlighted the opportunity to better showcase their hydrogen fuel cell technology and combined heat and power projects. AFCP aims to contribute significantly to the clean energy market.