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Nothing solid, but the market is huge. Taking one example: https://www.wilhelmsen.com/new-energy/ a Norwegian company who will most certainly look to Norway for business when possible. As someone else mentioned, the first big market will be in retrofitting ships with new technology. With cash to spare and pressure mounting, I'm wondering which will be the first company to make the switch and sign a deal to update their ships. Buying new ships often results in a share price decline due to the huge cost involved. In line with the minimal waste philosophy, retrofitting allows minimal downtime with maximum benefit.
I'm not saying AFC will be the first to win one of these contracts, but the potential market is mind boggling, and I'm sure we will see some big companies make announcements in the near future.
As always dyor, but if AB plays his cards right, we may end up holding a royal flush.
Don't forget to add the Royal Navy ships as well.
I'm sorry to go on, but to mention a company I've brought up earlier, Yaras and Statkraft are working on creating green ammonia in Norway: https://www.statkraft.no/nyheter/nyheter-og-pressemeldinger/arkiv/2021/partnerskap-for-gront-hydrogen-og-gronn-ammoniakk/
Apologies all in Norwegian, but when all the links I've been looking at over the years start to fall in to place, and then AFC get involved, I have a right to be excited!
Great stuff, thanks for the link! What isn't mentioned but I think worth repeating is the government's plan for shipping and commercial transport. All new contracts for public transport (land busses etc and sea) must be zero emission from 2025, and all large ships from 2030.
There are many passenger ferries here, and the contracts are often renewed, and for the larger vessels, new ships have to be ordered and built long in advance. So to summarise, although the dates sound a long way away, there will be many large contracts signed in the near future, plus expect other countries to set similar if slightly less immediate deadlines if they are to uphold their own targets/promises.
For anyone with too much time, the Norwegian government plan for green ship traffic: https://www.regjeringen.no/contentassets/2ccd2f4e14d44bc88c93ac4effe78b2f/handlingsplan-for-gronn-skipsfart.pdf
And the same plan for public transport: https://www.regjeringen.no/contentassets/383ec46d92b54c02af488558e2dbe0c1/handlingsplan-for-fossilfri-kollektivtransport.pdf
Sounds brilliant doesn't it!!
We are targeting several multi-billion pound markets and just added another, so when will Mr Market wake up and give us a proper rerating into the billion pound plus MCap to get us up with most of our peer competitors?
BETTER than PEM and SOFC ….
"“The S-Series fuel system, therefore, can provide a current density which surpasses alternative high-power density cells in the market today, without the need for costly, ultra-high purity hydrogen."
BETTER than PEM and SOFC ….
"“The S-Series fuel system, therefore, can provide a current density which surpasses alternative high-power density cells in the market today, without the need for costly, ultra-high purity hydrogen."
No NOx:
" Ammonia, as a liquid inorganic carrier possessing no carbon-hydrogen bonds, can be ‘cracked’ upon end-point arrival to produce hydrogen and nitrogen, producing only heat and water as reactive by-products – hence, zero emissions."
[Thanks go to Skinny on the advfn BB)
Exclusive: AFC Energy CEO discusses the company’s hydrogen fuel cell and ammonia cracker solution and its fit in the maritime industry
https://www.h2-view.com/story/exclusive-afc-energy-ceo-discusses-the-companys-hydrogen-fuel-cell-and-ammonia-cracker-solution-and-its-fit-in-the-maritime-industry/