Member Info for Bananaman2

Muscorum.

Thanks, you have answered my question. I did see the massive hydrogen packs.

Why not use Geo Pura ? They claim to have an offgrid solution.

Is it because their fuel comes from hydrogen produced by renewable energy and transported in and not produced on site ? Or some other reason why they connected with AFC ?

Medice.

This I found by googling. It shows the product of electrolysis of salt water solution

2NaCl + 2H2O ? 2NaOH + H2 + Cl2

Sodium hydroxide, hydrogen and chlorine

Medice. I am sure it does. The salt water would act as an electrolyte. Perhaps producing Hydrogen and Chlorine gas. Whilst a resulting solution of NaO.

Chemistry is not my strongest but would imagine that with a few mods it would work.

This is a really sexy contract. Great PR and just whats needed to get the AFC brand noticed on a global scale.

It may not be the financial deal of the century but it really has fired us up and generated excitement again.

Thats correct Leo. The current valuation is based upon the move from development to commercialisation. This is very recent and Verditek have already signed 5 contracts. These are in multiple sectors including 2 in oil and gas, 1 in agriculture, 1 in Marine and 1 in mining. These deals have been placed in a number of continents and not just focused in ine global region.

Also important is that Verditek have on going trial with IM efficiency which may lead to substantial orders sometime in the final quarter.

The new CEO is increasing capacity due to the projected pipeline of business. The current SP does not yet reflect the 20Mw capacity which is now being increased to 55Mw. There is considerable potential not priced in.

Paragraf JDP is very interesting however there is absolutely nothing in the SP for this what so ever. Which is great.

The real benefit is that AFC do not have to have their own expensive equipment and manufacturing facility gaining economy of scale through their supply chain and utilising the specialist expertise for component parts such as injection molded plastics and electrode manufacturing. Piping etc can also be manufactured offside to design drawings.

This model really keeps manufacturing costs low and ensures that their supply chain become essential partners benefiting from AFCs success.

So De Nora being a partner through a JDA works both ways.

This manufacturing model also allows AFC to have a basic facility reserved for assembly of component parts and R&D for future developments.

AFC have always said that they aim to utilise of the shelf items. This includes the electrodes to some degree. I bet they have one design used in different configurations to develop greater power from 10kw stacks.

I agree with that Haggis. De Nora are already a strategic partner and AFC have a joint development with them.

Focus on what we have. Absolutely.

Next week would be the icing on the cake if we already have that startegic partnership from the £31.6m placing. It seems to be one of the things we have all discussed which AFC don't have but ITM and CWR do.

Beach. The Hydrox Cell (S) will open new markets and will target shipping and locomotive. This has already been stated.

The current 20kw and 160 kw systems and soon to be the reconfigured liquid system (400kw plus from 40ft container) are ideal for stationary power but at the same time can be fairly mobile as will be required for Extreme E.

I think you are right in repsect of not try to focus on too many applications for the current commercial systems but current R&D is focusing on high power density systems which will be well suited to the applications mentioned.

All points in the right direction

Adam Bond, Chief Executive of AFC, said:



"We are delighted to be announcing today a significant strengthening of AFC Energy's balance sheet with growth capital from several leading institutions new to the Company's register. AFC Energy's business plan is focussed on supporting aspirations for a clean and zero emission society through the use of Hydrogen, and with support from our new and existing shareholders, today's raise will further support delivery of our business plan and eventual break even position.

"Today's raise will enable AFC Energy for the first time to make material inroads into the scaling up of our manufacturing capability, our internal staffing and system deployment, further demonstrating the underlying strength in the Company's position within the wider Hydrogen economy. We also expect the raise to support our credentials in future industrial and strategic partnering which could provide the basis for a transformational underpinning of the business today and into the future."

Beach. You didnt include power for transport such as shipping and locomotive. Not there yet, but sounds likely that 2022 will be achieved. After all, some of the £31.6m will go towards accelerating the development of the Solid system.

Aputure. I think AB, or other has confirmed as a third party unit. This was written in one of the articles posted in the last few days.

Yes, to to get to £2.60 there would need to be much more confirmation than what we are likely to see this year. But, as you say, AFC are making positive progress. The 'potential' is there.

Maybe not by next year but 'potentially (there is that word again) within the next 12 to 24 months.

We need to break the 28.5p resistance first. Maybe a whole lot of research has been going on over the weekend. Tomorrow may be interesting !

We should, at the very least get notification of the Q&As from the EGM and expect them online tomorrow. That could provide some insight into a few open questions regarding CE marking and the electrolysers. Depending on what AFC choose to answer of course.

£2.60 sounds great. It still would not make AFC the most valuable fuel cell business in the world. That goes to Ballard I believe.

Medice,

For the £31.6m I would expect AFC to build a substantial amount of 20kw systems which AB has stated in an interview would cost the customer around £100k.

AFC will not be giving these away and have worked long and hard to keep the cost low. What this fund raise will allow is working capital to establish manufacturing whilst generating revenue to becone self sustaining. AB has also intimated about eventual break even. There are not many AIM companies in this sector that can make that claim including CWR and ITM. He didn't state when but it was in relation to the recent fund raise.

When AFC mention strategic partnerships it does not have to include equity investment within the company. They have agreed the facility to do this up to 33% of the current share capital.

If they do raise more capital to accelerate growth due to demand then hopefully it will be at a much higher price than 16p minimising dilution.

This would only be positive and raise the MCap further. We should perhaps not be against this providing the SP is higher (£1 for starters would be nice) and the demand was high.

Maybe this may be required for Alkamem and Hydrox Cell (S) but that will be a huge breakthrough for the business

Yes, good feeling about tomorrow, next week, 6 months and the next few years.

Extreme E would have a lot to lose if they make a mistake with selection of partner for the EV charging.

Commerically it is not going to keep AFC afloat but that is not the point. Extreme E are excited to show case a completely offgrid solution for EV charging. Its all about the technology.

Its a massive vote of confidence for AFC from an organisation such as Extreme E regardless of whether or not there of it being the first championship series. Its probably the most important to get right

We are now 'realising' what was only 'potential'

'Potential' is priced in

'realising' is growth or upward SP movement.

Realised potential is not where AFC are currently as the 'potential' has not yet been 'realised'

That was deep for a Sunday morning.

Just excited about realising the potential. Thats all

Hahaha.

I can think of worse things to be called than a 'boy racer'

My god. That brings back memories. Weren't electric vehicles then though. Closest thing to an EV was the sinclair C5 ?