Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

AFC to Install Fuel Cells in Second South Korea Deal This Week

AFC Energy Plc, a fuel-cell maker backed by Russian billionaire Roman Abramovich, agreed to install its units for South Korean power-plant owner Daniel Inc. in a deal that may be worth $15 million.

AFC will install an initial 1-megawatt fuel cell unit and receive a $1.25 million deposit upon signing the formal contract, the Surrey, U.K.-based company said today in an e-mailed statement. The contract will include an option for a 3-megawatt system at a second site that would take potential sales to about $15 million, it said.

The deal is AFC’s second in South Korea this week. The company on July 14 said it agreed to install its units for Chang Shin Chemical Co. The nation wants to get 11 percent of its energy from renewables by 2030 and requires electricity suppliers to obtain a minimum percentage of clean energy each year, starting at 2 percent in 2012 and increasing to 10 percent in 2022.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.