Overview
Zeus acted as Joint Bookrunner in the oversubscribed £27.5m placing, subscription and retail offer for AFC Energy plc.
AFC Energy plc is a leading provider of hydrogen power generation technologies. Following leadership changes in early 2025, AFC Energy has undergone a strategic repositioning, shifting from a technology-led to a market-led growth strategy.
The net proceeds of the fundraising will be utilised to advance the Hy-5 towards commercialisation through the containerisation and accreditation of four Hy-5 units, production and accreditation of the first five low-cost fuel cell generators, and fixed costs associated with delivery of the Hy5 and fuel cell generators.
Zeus Team
David Foreman, James Hornigold, George Duxberry, Oscar Stack, Dominic King, Robin Byde, Sophia Kopec and Lisa Welch.
Contact
If you would like further information, please get in touch with our team.
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