RE: SSB for EVs14 Aug 2020 09:18
I would like to see faster progress. It doesn't mean that they (AFC) are not working to achieve further sales. I check every morning for the RNS we are all waiting for. It will come. AB said as much in one of the later RNS's.
They have raised £31.6m and are now not only recruiting for staff to increase manufacturing capacity, they will be placing orders for materials and components, physical manufacturing and number of systems (sold or not) in anticipation of sales for immediate delivery, working on Alkamem, working on the solid system and gaining CE approval.
I wish they notified the market with progress updates, but they don't. Having invested in other companies that do its possible to see a marked improvement in sentiment when there is sufficient transparency.
Frustrating as it may be AFC have always been this way and need to improve but it does not change the fact that they will be working very hard in the background to manufacture multiple 20kw and 160kw systems including that for Acciona for deployment in the next 12 to 24 months. Why build them if they have no place for them to go. I expect that there are systems being designed that include the use of solar, batteries and electolysers which must go through more than just a nod and a wink from procurement.