AFC Energy PLC has released a year-end trading update for 2024, showcasing a strong financial performance with revenue of approximately £4.0 million for the year. The revenue was primarily driven by sales of hydrogen-fueled power generators to Speedy Hire Services, surpassing market expectations. The company also reported holding unaudited cash and cash equivalents of £15.4 million and trade receivables less trade payables of £2.5 million as of 31st October 2024. AFC Energy has modernized its manufacturing capability to scale up production for hydrogen-powered generators, especially for a joint venture with Speedy. Additionally, the launch of the Hyamtec Division focusing on ammonia cracking technology highlights the company's commitment to industrial decarbonisation. The first sale under the TAMGO Distribution Agreement in the MENA region further solidifies AFC Energy's position in providing clean energy solutions. CEO Gary Bullard expressed confidence in the company's ability to lead in the transition to a clean energy future, emphasizing the importance of scaling production, operational efficiency, and strategic partnerships. AFC Energy's innovative approach and success in delivering sustainable alternatives in key sectors like construction have positioned them well for future growth and decarbonisation efforts.