AFC Energy plc, a leading provider of hydrogen power generation technologies, has announced a proposed fundraise to raise approximately £20 million through a Placing and Subscription, along with a RetailBook Offer of up to £5 million. This fundraising initiative aims to propel the advancement of hydrogen technologies. Following leadership changes in early 2025, AFC Energy underwent a strategic repositioning, shifting focus from a technology-led to a market-led growth strategy. This strategic pivot resulted in an impressive 85% reduction in the production cost of the company's 30kW fuel cell generators, the launch of the Hy-5 containerised portable ammonia crackers, and a redefined business approach concentrating on projects with immediate shareholder value. The net proceeds from the Placing and Subscription will be directed to advancing the Hy-5 for commercialization, producing low-cost fuel cell generators, and covering associated factory and payroll costs. The RetailBook Offer will cater to existing retail investors. The fundraising includes firm and conditional placings, a direct subscription, and the RetailBook Offer. The Issue Price for the shares represents a significant discount to the market price. Overall, AFC Energy's fundraising initiative marks a pivotal moment in accelerating the growth and adoption of hydrogen power generation technologies.