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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
H-Power
H-Power (HPOW) investor relations material
H-Power H2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 TU earnings summary9 Nov, 2026
Executive summary
FY26 commercial reset drove unaudited revenue to £2.0m from £0.1m in FY25, with progress across LC30 sales, hydrogen supply, HY5 deployment and technology integration.
H2 revenue rose to £1.75m from £0.25m in H1, marking the third consecutive half-year of revenue growth.
Financial highlights
Unaudited FY26 revenue was £2.0m, compared with £0.1m in FY25.
Cash, cash equivalents and short-term deposits were £11.1m at 31 October 2026, versus £25.3m a year earlier; the movement reflected investment in commercial growth.
Outlook and guidance
FY27 growth priorities: convert customer demand into orders, increase deployed LC30 units and utilisation, progress HY5 into customer operations and build repeatable revenue.
First HY5 deployment in Dunsfold remains on track to complete with hydrogen production in calendar 2026; Protium Heads of Terms cover initial two-year deployment and supply.
Growth drivers include further Speedy JV assets, direct-customer orders, distribution-led geographic expansion and developed HY5 opportunities across partners and verticals.
Commercial discussions with an S&P 500 partner are progressing; second phase of the Komatsu programme remains on track for delivery by end-2027.
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Latest events from H-Power
- Strategic focus on hydrogen commercialization, robust financials, and scaling manufacturing.HPOW
Status Update - Revenue growth, reduced losses, and strong order book signal commercial momentum.HPOWH1 2026
- Cost reductions, new products, and partnerships position the business for commercial growth.HPOWH2 2025
- H1 FY25 loss deepened as commercialization accelerates, with £20m fundraising to fuel growth.HPOWH1 2025
- HY-5 and fuel cell innovations unlock scalable, low-cost hydrogen for major industrial markets.HPOWAGM 2025 Presentation
- Revenue surpassed expectations as AFC Energy scaled hydrogen solutions and advanced ammonia cracking.HPOWTrading Update
- Revenue up, losses widen, and £15.8m raised to accelerate hydrogen tech growth.HPOWH1 2024
- Market-led strategy and cost focus drive hydrogen adoption; FY24 sales GBP 4m, net loss GBP 17.4m.HPOWH2 2024
Next H-Power earnings date
H2 202623 Mar, 2027
H-Power
Next H-Power earnings date
H2 202623 Mar, 2027
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Frequently asked questions
AFC Energy plc is a United Kingdom-based company focused on the development and commercialization of advanced hydrogen fuel cell technologies. These technologies are designed to provide zero-emission electricity generation, primarily targeting the replacement of diesel generators in stationary and maritime applications. AFC Energy's product range includes hydrogen fuel cells and hydrogen carrier fuel conversion technologies that offer affordable, flexible, and clean off-grid power solutions for various sectors, including construction, electric vehicle charging, shipping, and data centers. The company is headquartered in Cranleigh, England, and its shares are listed on the London Stock Exchange.