Alkaline Fuel Cell Power appoints Frank Carnevale as CEO

– CANADA, Vancouver –  Alkaline Fuel Cell Power Corp. (NEO: PWWR | FRA: 77R | WKN: A3CTYF), a company engaged in the development and production of alkaline fuel cell heat and power systems today announced the appointment of Frank Carnevale as CEO, effective on May 10th, 2022.

“AFCP is on the front lines of developing the net-zero carbon economy for customers, globally. I am thrilled to continue my work to driving this energy transformation with such an integrated platform in Alkaline Fuel Cell Power Corp, and leverage my government and industry networks across North America and Europe.” said CEO, Frank Carnevale. “We are linking AFCP hydrogen fuel cell technology with the development of alternate asset class energy projects, in the transition to delivering lower-cost net zero-emission energy. It’s a win for consumers and a win for investors.”

About Frank Carnevale

Frank Carnevale recently served as Chief Growth Officer and COO of a TSXV-listed company delivering PropTech and cleantech to institutional, commercial, industrial, and multi-residential customers through design-build thermal energy systems, HVAC, and Building Controls in Canada.

Mr. Carnevale had previously served as Founder and CEO of a boutique consulting, advisory, and development firm where he originated over $2.5 billion in energy and infrastructure transactions, including the development of a large wind farm, distributed energy, and retrofit contracts, and mergers and acquisitions of several electric utilities.

Mr. Carnevale previously served on the Executive Board of the Energy Council of Canada among several industry organizations.

About Alkaline Fuel Cell Power Corp.

Alkaline Fuel is focused on the development, production, and commercialization of micro-combined heat and power systems based on alkaline fuel cell technology. A fuel cell is a clean electrical power conversion/generation system akin to small power stations that provide electricity and equivalent heat for various purposes. Based on hydrogen-powered alkaline fuel cell technology, our technology offers an energy source that generates zero CO2 emissions with pure water as the only by-product, making it ideally suited for residential and small- to medium-sized power markets. We believe Fuel Cell Power is well-positioned to become a positive contributor to the global demand for clean energy, particularly in Europe where demand outpaces supply, and current technology remains inadequate to meet market needs.

For more information: https://www.fuelcellpower.com/

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