AFC Energy to acquire Octopus Hydrogen.

AFC Energy, a provider of hydrogen power generation technologies, agreed to acquire Octopus Hydrogen, a provider of renewable energy power generation. Financial terms were not disclosed. "We are pleased to announce AFC Energy's first investment into the distribution and storage of hydrogen to support and complement our UK off-grid power business. Complemented by our hydrogen generation capability through ammonia cracking and methanol reforming, the logistics of distributing hydrogen is the next stage in our ambition to commercially demonstrate the viability of hydrogen as a displacement to diesel in off-grid power environments," Adam Bond, AFC Energy CEO.