Acta Receives €182,000 EU Grant Funding
Acta S.p.A (AIM:ACTA), the clean energy products company, is pleased to announce that it has received a first stage payment, amounting to €182,000, in relation to the EU-funded Alkammonia grant project, the conditional approval of which was previously announced on 18 December 2012.
The €1.96 million Alkammonia grant project has been funded by the EU Fuel Cells and Hydrogen Joint Undertaking (FCH-JU) to develop ammonia-fed alkaline fuel cells, and is led by project leader AFC Energy Plc. The Company is due to receive up to €395,000 in total for its participation as partner over the three-year life of the project.
Acta will be providing an ammonia cracking reactor and catalysts to the project. Ammonia has high hydrogen content and can be easily converted to hydrogen by processing (cracking) it through a catalyst. Acta’s ammonia catalyst contains no precious metals and performs better than commercial platinum group metals catalysts in converting the ammonia to hydrogen, which, in turn, powers the fuel cell. Alkaline fuel cells such as AFC Energy’s fuel cells have the advantage of being able to tolerate ammonia traces in the fuel stream.
Acta has previously been engaged in grant-funded and joint development projects for the development of ammonia-cracking catalysts for automotive applications. The Company believes that this technology is complementary to its award-winning water electrolysers for PEM fuel cells and other applications where pure hydrogen is needed.