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THIRTY MILLION is not pocket change.
Speak for yourself Haggis
The placing was SIGNIFICANTLY OVERSUBSCRIBED, not just a bit, SIGNIFICANTLY.
You do not EVER get that level of demand in this market, with BREXIT and COVID hanging over it, unless you put details of the order pipeline and projected sales forecasts in front of the institutional investors, and they see their money is SAFE, and a DARNED GOOD INVESTMENT, for THEIR CLIENTS.
There would have been HUGE due diligence and risk assessment done.
THIRTY MILLION is not pocket change.
My thoughts re. Fund raising - knowledgeable parties have invested 30m and plan to make a profit at 16p+. Given the SP of AFC was 5p 9 months ago and we still have no sales (new products but no sales) clearly something has materially changed behind the scenes for these investors to back AFC and to my mind that demonstrates that big orders 'guaranteed' - highly plausible scenarios are: Thyssenkrupp / de Nora (Bonds LinkedIn support), UK Gov orders, Service Station operator, Amazon / DPD, Rolec. Further funding will drive value well beyong the latest 16p discounted price otherwise the guys who put in 30m wouldn't stand for that to be in the RNS. That's my take on where we're at. I just hope LTHs managed to average down when things were looking dire. Eitherway, I think we're out of the woods and it's starting to feel good!
Bananaman thanks, good to chat with you. I've just checked my cost for my trip £6.20 split between the Swarco and a Polar 25p kWh on the way back ~ both about 10 min stops... could afc compete on price ? thats something Id like to know, also how the H2 is delivered.
Re 16p revisit ~ been looking at three different sourced charts and now think its a less deep retrace maybe only 19p either way as long as 16p is'nt broken should give stronger sustained upside going forward imv...
Not to mention taxis, buses and remote locations.
I think people are finding it difficult to understand the concept.
I don't think the home charging discussion is relevant right now for AFC as they appear to be, and rightly so, focusing on service stations, council “park and rides”, fleet operators retail carparks and airports. The delivery sector is surely a quick win eg. DPD, Amazon, business deliveries and couriers.
taskmaster. Thanks. I am sure we have drifted away from the main point or there are some wires crossed.
I do not think the EV charger is an at home solution. I was trying to make a point that charging at home could not be done at a fast enough rate and that everyone charging at the same time could over burden the distribution network.
The EV charger is a rapid charge solution for range conscious EV chargers where it is difficult or costly to upgrade the network to service the requirements of customers.
To add to this, the EV charger may be a great option for companies like UPS who have recently order 10000 EVs. Many will require charging simultaneously at rapid charge rates. The AFC system is perfect option where network upgrades are costly due to location or other. The AFC system also provides flexibility to allow additions for growing fleets.
With rapid chargers available in work carparks or service stations etc. Home charging will not be such a burden on the grid as less home charging may be required.
We cannot simply rely on just one option. There are also solar systems that are available although possibly not with ralid charge rates as you would need a lot of panel space to ralid charge one vehicle.
Enjoy your evening. Some great posts today, good debate
Related to rapid charge rates
If I could find the H2 piece that Tom Pollard put together it states it in the article.
Banana, this study has looked at some shaping solutions in some areas, not sure if they looked at Bidirectional which againg takes load off the lv side......
"Traditionally, these findings would mean the replacement of underground cables in the public highway, however My Electric Avenue has been trialling a lower cost solution to this in the form of ‘Esprit’. Esprit is an innovative piece of technology that can control the charging of EVs if the local electricity grid reaches a certain level of demand. By incorporating Esprit into networks, the project is the first real-life trial that has directly controlled domestic EV charging to prevent underground cables, overhead lines and substations being potentially overloaded."
How do you know AFC is comparable cost to Grid prices for charging?.
Banana, give your local dno a call and ask how they're planning to cater for all the extra demand and see what they say ? I'll step back from my view on EV chargers now, I think they could sell a few in 5 years time but the big money will be elsewhere for afc. hope I'm wrong and if some big EV order comes in I'll buy a drink for anyone who signs up by 8pm tonight.
And that is why a true EV with a decent range would have to charged away from home. Not sure what the size of a Tesla is now but let's say 100kwh. You could never charge this overnight.
A 24kwh battery is more likely a PHEv such as a BMW 330e. These are just a company car tax gimic and good for short trips but the sort of mileage you are talking about are not possible from 24kwh.
There will be fast/rapid chargers everywhere but as the up take in full EVs is growing there will nees to be a whole new infrastructure. When you need 100kwh delivered in 30 minutes you need a lot of power. Equivalent of an additional 400 houses demanding 0.5kw from the distribution network at once.
Imagine several vehicles requiring the same power at one location. The infrastructure to handle the future demand is not available and that is where the AFC charger comes in.
Flexible, modular solution at a comparible cost to rapid charging from the grid. Can be moved if not required or sold off as an asset.
Banana, rapid wont be possible at home unless you are lucky enough to have 3 phases...its not required at home, if you need to rapid charge the chargers are popping up all the time I used a brand new one today on a 200mile round trip, made by Swarco (Spainish ) 35p Kwh.
So if you have a PHEV with 20kwh battery and
a charger capable of delivering 3Kw you would need to trickle charge the PHEV for 7 hours to fully charge it.
The average usage for a residential property for argument sake is 0.5 to 1 kwh. Charging a 20kwh battery would still take the same unit of energy however the power rate would be dependent on the charger. So even a trickle charge of 3kw (rate) per hour for 7 hours could lead to a dramatic increase in demand on the distribution network if every house up the road needs and additional 3kw of power throughout the night.
A bit like everyone opening the taps in every bathroom all at the same time. Potentially not enough pressure in the water main to accommodate.
Not per hour, surely? 3kw for an hour is 3kwh. Kwh is unit of energy. KW is power rate, energy per time.
Depends if you want to trickle charge or rapid charge.
Even 3kw per hour is the equivalent to 6 houses. If every house up the street all want the same throughout the night its a lot of additional demand.
To facilitate a fast or rapid charge it would have to be 10 times this. Obviously charging in less time but nothing to stop the entire street all placing this demand on the distribution network at the same time.
No thats incorrect, you can't just imagine whats required you need the facts, to date I've not seen any.
Banana...What is the "required power for EV charging at home" ?
ChilpyJo. That is correct, NG transmission and loc distribution. It is the latter which would require upgrades at considerable cost to provide or make available the required power for EV charging at home or specifically rapid charging network
I want, you make a valid point. There are many possibilities for strategic partners.
We (LTHs) may be surprised next week. Surely there will have to be a TR1 once the shares are admitted to AIM.
Task you have to remember that the pre existing capacity would have in 2002 included a large amount of coal generating capacity which is not a viable option now. Also the distribution network is in 2 parts. Nation grid which is fairly easy to up capacity and regional local
Grid which is mostly underground and difficult and expensive to upgrade.
It will happen but will take years.
There've been lots of really good posts this weekend on potential strategic partnerships involving taking stakes in AFC, but fewer on the rationale and benefit to AFC of this kind of arrangement. If de Nora determine that Alkamem is a superior product for water electrolysis, for example, it could just place lots of orders for Alkamem. And that may be what AFC prefers. Same with the electrodes de Nora have been testing for several years - de Nora will already benefit as the manufacturer. How about a mass manufacturer of the BoP and other components? Same - just sign a manufacturing contract with them. So my question is - what are the scenarios where AFC will think that having a strategic / minority equity investor is to its advantage? Perhaps a case of someone that can open up new markets to the benefit of both companies; or where together they can offer a compelling solution. I'm not convinced de Nora is the only name in the frame.....
Then of course there are the traders haggismchaggis1 who have been in AFC for about ten minutes and think they know everything....