Latest News


25 March 2015

Intralink fuels AFC landmark deal in Korea

Seoul, South Korea — Intralink Korea Limited, the leading provider of business development services to western technology companies entering the Korean market, announced today that AFC Energy Plc., the UK-based developer of low-cost alkaline fuel cell technology, has signed a Project Development Agreement with Korean partners Samyoung and Changshin Chemical.

Under the agreement, AFC and its partners will establish a joint venture to build a 50MW fuel cell power plant which is forecast to generate revenues of US$1bn over ten years of operation.

Adam Bond, AFC Energy Chief Executive, said: “This is a terrific deal for AFC and we are proud and privileged to be working with two of Korea’s preeminent companies on this project. On the ground Intralink Korea has provided us with invaluable support, enabling us to cut through language and cultural barriers and to facilitate commercial discussions at a local level.”

AFC Energy will sell its alkaline fuel cells into the joint venture and provide technical and operational advice. Samyoung will be responsible for engineering, construction and permitting and Changshin Chemical will supply the hydrogen, land and logistical support.

Jonathan Cleave, Director and Head of Energy at Intralink Korea, said, “South Korea is the world’s most attractive fuel cell market thanks to its ambitious renewable energy targets. Our strong understanding of the local market has been key in enabling us to identify the right project and the right partners for AFC. We are delighted to have been at the forefront of AFC’s commercial discussions in Korea and look forward to the successful execution of this project”.

About Intralink
Intralink is the leading provider of market access and business development services to western companies targeting China, Japan, Korea and Taiwan. Founded in 1990, the company is headquartered in the UK and has offices in Silicon Valley, Shanghai, Tokyo, Seoul and Taipei. For more visit: www.intralinkgroup.com

About AFC Energy Founded in 2006, AFC Energy Plc. is re-engineering proven alkaline fuel cell technology to reduce the cost of electricity. Alkaline fuel cells have been used on US and Russian-manned space missions for decades to provide electrical power and drinking water. By using platinum free, advanced materials, design tools and manufacturing processes at scale, AFC Energy is developing fuel cells that will compete with conventional technologies such as turbines for electrical power generation. For more visit: www.afcenergy.com



© Intralink Limited - Registered in England. 2438141 - UK VAT No. 570 8427 29