Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I see a bit of questioning with regard to the sp and fund raise etc. In my limited experience, it is rare for the sp to rise too much after a fund raise, especially not before the new shares are admitted to the market. I put a small hint to this with the nel comparison saying the sp stagnated for a period.
To say it's a punt for ABB is a bit unfair. They have also dedicated time and man power. Part of the appeal of the AFC model is low cost. Look at some of the numbers from other hydrogen companies and the size of their fund raises, huge in comparison.
The presentation on 5th May may also answer some questions, and possibly attract more money. I'd imagine the price paid in this latest fund raise may soon seem to be a bargain, as often happens.
That job list is impressive! And very positive to see as covid restrictions ease up there. I hope the UK government take notice soon, was the moto "build back better"? A UK company with big ambitions and potential to sell products world wide.
Good with a bit of competition! They've been mentioned here before, and Teco 2030 have signed a deal with Implenia to jointly develop and pilot hydrogen powered construction site solutions. More info: https://teco2030.no/news/
First delivery not scheduled until 2023, though they mention the Norwegian target of no diesel on construction sites from 2025. Nice to see AFC and Acciona ahead on this one.
You make a good point here Garonne, there is still an underlying belief that PEM fuel cells are superior to AFCs. I have noticed this first hand when chatting to people with some knowledge on the subject.
Can we all agree on right product at the right time now? Time being somewhat subjective if impatient.
In my view, the positive with sales is when they do come, I imagine them being significant. If we only take ABB AFC EV project as an example, I don't see ABB putting this time in to creating the product without confidence of a decent profit. They must have customers lined up. The fast return and investment from ABB speaks volumes in my opinion.
I agree too. Interesting reading through some older articles with thoughts on why the H2 market had such big drops, especially in the US. There are some menions of Norway, and their aggressive stance on H2. Teco 2030 another company bulding a gigafactory (am I the only one who is irritated by this new term?!), mentions that Norway may not need to license products from the big name American companies.
My point being that the more I read, the more impressed I am with the approach AFC are taking, and it looks more and more like they could be one of the big winners. Almost a bit of a hare and tortoise situation, though AFC may well end up far in front. Fantastic targeted approach, well thought through. I hope we get some good info on the production line during the 5th May presentation.
Plenty of links around on this type of subject, but just reminds us so much is going on behind the scenes. Regardless of sp movement, the real movement is still happening and growing.
https://www.msn.com/en-us/news/world/shell-to-trial-use-of-hydrogen-fuel-cells-for-ships-in-singapore/ar-BB1fStZC?ocid=st
I don't think we need to really consider the names such as Microsoft, Apple etc etc. Of course they are big for data storage, but look deeper in to the market, and much of it is third party companies providing the space and guarantee of safe data. Any deal with one of the big names would be wonderful, but the big names expanding the data centre market can often offer a better price than creating your own data centre.
Remember BK GULF working with Equinix. ABB working with big data centre companies. There are videos online of Google data centres and Microsoft etc, but part of the package of secure data involves emp protection, possible attacks (sorry to bring this up), uninterrupted power supply, basically a guarantee of complete security.
We may well see a deal with a big name, but from my experience some of the big names we need are not the names we all know.
I'm not saying AB would say no to a great deal with F1, however I believe they would need to clean their act up a bit first. The F1 circus is a bit of a millionaires playground toy, full of dodgy advertising and characters in the background. No doubt cutting edge and has benefited humanity with some technology, I still believe its days are numbered.
I always felt AFC were trying to keep real green credentials, which was was I predicted they would not target the offshore market (amongst other reasons). If you look at the route they are taking so far, it's quite brave and quite bold, targeting big industries and looking to, without sounding corny, rewrite history, certainly be part of it. There's still far more money and potential in the current line up. If trains and shipping become a reality, building, data centres and EV does well, we really don't need to speculate anymore, these markets alone, if achieved successfully by AFC will pay off for all handsomely I'm sure.
Interesting that the new electrolyser line up from nel comes in a container configuration. It shows that they've noticed customers are requesting this specifically, AFC ahead of the game there :) https://nelhydrogen.com/product/m-series-containerized/
Seperate hydrogen related link about Total and possibly joining an Australian green hydrogen project. Sorry if shared earlier. https://www.rechargenews.com/energy-transition/french-oil-giant-total-mulls-joining-8gw-australian-green-hydrogen-megaproject/2-1-997437
And I should add that the last text I can read before it fades off into an apparent infinite abyss of information that requires me to pay money to read, says "profit opportunity in data centres and on the marine/rail industry."
Zeus capital say the recent raise and extra shares in issue bring their valuation to 184p. They add that they expect this to be more than offset by the new opportunities the expanded partnership brings.
That is all my email says without paying :)
Quietly, boring to some, but immensely exciting to me being a bit of a nerd!
Johnnie, the 2% I've seen a few places, I think it may be outdated now so may well be higher. As data center numbers grow and other industries de-carbonise, the 2% can quickly double. You'd imagine they would be on top of this as the spotlight could soon shine on this industry with a negative light.
Afi, I've lived in a few countries and the best way I can some up Norway is there is no stress in life, and far less than anywhere else I've lived. How the money is spent varies depending on who is in charge, though generally it is used wisely. The story behind how the Norwegian government made the profits from oil owned by the citizens is an interesting one, and a nice story of how the little man can stand up to the big man (the oil giants). I believe we will need a few more people willing to risk popularity and votes/members whatever it may be, to stand up and make decisions that will be unpopular at first, but benefit us in the future. I suppose we can all play a part in that too.
BK Gulf are also working with Equinix: https://www.bkgulffm.com/projects
Equinix being the current worlds largest provider of data centers.
Yes totally agree, so exciting. The growth rate of data centers is also mind boggling, and they already contribute 2% of global greenhouse emissions.
I'm expecting to see AFC and ABB in Norway sometime soon. Norway are really trying to become big in the European data canter market, couple that with the government announcement of a hydrogen infrastructure, a ban on fossil fuel ferries and many municipalities now turning to hydrogen ferries, plus many interesting companies now researching and developing long haul hydrogen/ammonia solutions for shipping, I think AFC could find a place in the market here.