Shares in AFC Energy PLC surged by 15% following the revelation of a joint venture with Industrial Chemicals Group aimed at producing low-cost hydrogen from ammonia. The 50:50 partnership will leverage AFC's innovative cracking technology to break down ammonia into hydrogen and nitrogen through the use of heat and catalysts. Ammonia's superior storage and transportation characteristics make it an efficient carrier for hydrogen, providing a more scalable and cost-effective solution compared to traditional methods. The venture plans to commence operations with AFC's pilot plant and compression system, with future expansion prospects using Hy-5 units capable of generating up to 500kg of hydrogen daily. Anticipated to yield initial revenues in early 2026, the initiative seeks to disrupt the hydrogen market by offering competitive prices without reliance on government subsidies. By leveraging existing ammonia infrastructure, the collaboration aims to pave the way for a more affordable and sustainable clean energy transition in the UK. Peel Hunt lauded the joint venture as a testament to AFC's cutting-edge technology, highlighting the appeal of its proprietary cracking process to industry players. With shares up by 1.18p at 16.78p, the market response reflects optimism surrounding the potential of this strategic partnership for advancing hydrogen production and contributing to the UK's renewable energy goals.