Member Info for Bananaman2

There has been a little pessimism regarding the AFC EV charger on this board. It really is a viable solution that any fleet operator should consider to ensure charging requirements can be met.

It may well be that the Hydrox cell S is the solution but it will not stop business commiting to the smallest unit available as they develop their EV fleet and charging infrastructure.

AFC have already mentioned somewhere that this will be the case and customers can upgrade systems as they become available.

It would obviously be great news if there was an incentive to businesses to have the off grid chargers to support a fantastic product designed and manufactured in the UK. Unlike a number of green tech or hydrogen economy businesses AFC have got this far without many if any incentives. I can only think of perhaps one EU grant awarded to AFC.

What they have is a commerciay viable alternative to off grid charging. This will only get better as bigger more power dense units become available.

I cant see any business putting all their eggs in the 20kw system basket or just waiting for the 160kw system to be produced. There will perhaps be a small number of commercial sales of the 20kw system with a view to placing subsequent order for the 160kw system when more readily available. Upscale to larger and more energy dense systems as a fleet grows and infrastructure requirements become greater.

Let's try and be more positive here. We haven't heard much on this but 500 interested parties can't all now have no interest at all. There is much consultation to do with AFC re siting and permissions. Not forgetting CE approval.

13th Monkey. I fully agree. I didnt want to make it look over favourable. Simply demonstrating an average throughout the day.

In your example peak load will be significantly higher and a stronger case for an off grid solution.

If UPS are ordering 10000 EVs at cost of 100's of millions they will also be looking at the cost of charging and how to do this. Upgrading the distribution network at several sites is not the answer and can take a long time.

They will need to be looking at solutions and clearly not afraid to make the investment.

Its much easier to procure a mobile charging asset than spend substantial amount up grading your supply. Also easier to continually add new units upgrade the AFC system as new improved versions are rolled out. Same as with EVs. Improvements are continuously made but it does not stop customers buying what is available at the time.

The problem is not the tranmission grid it is the localised distribution and the demand rapid charging places on the the network.

For argument sake, let's say that 0.5kw is used per hour on average, per house. The distribution network can provide power locally at this rate and has capacity to deliver more on demand, but perhaps not as much as required for rapid charging. When there are several vehicles requiring rapid charge rates of say 160kw per hour the demand on the network or distribution increases dramatically. For every 160kw charge rate is like adding 320 residential houses to a distribution network instantaneously. To cope with the increase in rate of supply, the distribution network requires billion to be spent to allow the increased distribution rates.

For example, UPS have agreed 10000 electric vehicles with 40 kw batteries ? (Cannot find the data for capacity but competes with mercedes 35kw EV ) . If 2% of these end up running out of 1 distribution centre they will need to charge 200 x 40kw batteries, possibly 2 x per day (range is only 100 miles approx) with a maximum of 30 minute charge rate (perhaps whilst reloading). Thats approximately 8 vehicles every 30 minutes at a rate of 80 kw per hour. So the requirement on the grid would be a constant 640kw per hours hours per day or the equivalent of an additional 1280 homes of load on the distribution network.

If every van operator makes the switch to EVs the demand on the network would be dramatic and as explained before on this board would cost billion to upgrade the infrastructure. Why not have a mobile solution such as AFC ?

Afc have stated that the cost of rapid charging is comparable to rapid charge rates from grid supplies. The benefit being that the AFC system is an asset and can be moved from location to location providing flexible power solutions.

If the batteries are larger such as a Tesla whixh has 100kw battery capacity then the demand is increased accordingly as delivery companies must recharge as quickly as possible increasing the rapid charge rate and further demand on the network. This would obviously increase the range of the vehicle and reduce frequency of charging.

Lots of assumptive figures but shows that an EV charge station does not have to be remote or off grid to benefit from AFC Energy system.

https://www.designboom.com/technology/ev-manufacturer-arrival-electric-white-van-green-10-02-2019/

https://arrival.com/news/ups-invests-in-arrival-and-orders-10000-generation-2-electric-vehicles

Much larger area required for much less power and efficiency is < 21% which is lower than the 22% + achieved by Verditek.

Competitor in the fact that they are flexible but certainly not competitor in respect to performance.

* hear not here.

Sorry, few mistakes but using mobile and have big thumbs

PSB123,

The website states that the installed cost is £1.5 per watt. This used as an example for commercial roofing and refrigeration vehicles. If we are looking to replace diesel generators in remote of grid locations this will be a little more costly. The panels however are more durable than traditional PVs and 1/10th of the weight. The real advantage is that they are equal efficiency to traditional solar which means you do not need to cover a larger area to achieve the same power output.

They Verditek panels are also not affected by snow, hail or shade. Meaning they are no less effective in these conditions. I am not sure how that works in snow but it has been read or mentioned somewhere.

Now, you cannot use traditional solar in some of these locations that are being targeted such as oil and gas plants in the desert or mines in the middle of Australia. The conditions are too harsh and the panels won't withstand it. But with the Verditek system they have the advantage of being much more durable and can withstand these conditions.

Paul Harrison also explained that the cost saving on diesel alone will provide a very short payback period. For commercial or refrigeration vehicles it is expected to be 1.75 years. For remote or off grid locations it may be much less due to the additional cost of transporting diesel.

In the VIMEO, it is explained that achieving calacity of the 20Mw facility with the lower sales price of commercial and refrigeration for example, VDTK would expect a profit before EBIT of £6m per annum. Using a P/E of 14 he explained that an SP of 5 to 6 times current level could be achieved circa 25p to 30p. That is for phase 1. Phase 2 would be to utilise the additional production facility and manufacture 50Mw per annum. Doing the maths would result in an SP of 66p to 75p.

VDTK can obviously upscale with ease so there is no limit. But the biggest factor which is not even considered and practical ignored is the grahene PVs which are currently in phase 2 development with Paragraf and have been since mid 2019. They have already achieved a PV with graphene and are now looking at efficiency improvements. Figures of 30 - 40% have been mentioned. Anything above 25% is outstanding. The current JDP is also looking at how to produce large sheets for production manufacturing. We should here more towards the end of the year. The potential of this is transformational. What is that worth? A PV cell which is less than 1mm thick with a high efficiency. That will be the longer term driver of price but Verditek are already commercial with the flexible PVs which is a fantastic product like no other.

leaving to the last. As they did last year. Last working calender day of the month.

Still gives them the weekend to close a few more deals before giving us the good news.

Looking forward to the next 6 months. Any erosion of the SP over the next period until further news will only present a buying opportunity.

Excellent point Feeks. I expect that is quite a danger to get fuel in to bases etc. If this can be reduced or avoided completely, it will improve the safety of military personnel.

You can't put a price on that but I am sure that military organisations would pick up on that. Was this mentioned in the interview. I only watched it once and cant remember hearing it.

Excellent point though.

Feeks.

Could say but to fully replace diesel power generation you will certainly need a fair amount of power. It depends what they are replacing as there may be several diesel generators around a facility strategically placed to feed power to a specific area. Maybe the PVs will be to provide power to the site offices as this would be the simplest.

Regardless, with some deals with Australian miners currently in discussion and military bases also being considered there is a lot more than 20 Mw of power required that is for certain.

The SAF deal may eventually be for several Mw if all goes well but the oil and gas industry would soon catch on as they are all required to phase out diesel power generators. That market would be worth GW's alone I expect.

Very attractive for these businesses that are transporting diesel to remote locations. The cost saving can amount to millions per year just on the diet transportation cost let alone the actual diesel.

All has the added benefit of being 100% renewable.

Taskmaster. What is the size of the battery Nd the range.

This was like by Mr Pollard today. Not suggesting that AFC would have any connection but if bus companies start running these then there is a whole lot of charging requirements. Investing in the grid infrastructure would potentially not be the only answer.

Dropping to bargain levels again. Dropping on low volumes.

Funny day across entire portfolio tbh

Feeks. As am I. Nothing goes straight up. I amnhally with my holding but will be looking to add once should I feel comfortable with the drop. Aim shares are news driven. We should see the annual results tomorrow or latest Tuesday next week.

Not that the figures will provide much insight but after watching the interview maybe we should be more interested in the forward statements and what can be expected over the next 12 months.

More so the next 6 months could be very exciting.

investigate is up to date. Nothing for us today.

Seems the RNS machine is broken. Just checked London Stock Exchange site here (LSE.co.uk) and it appears there is not a single RNS across the entire markets this morning. Technical fault perhaps ?

I think we could be in for a flurry of news on deals. Seems like there is much interest to displace diesel generators where it is very costly to ship fuel to off grid and remote locations. Saving customers an absolute fortune.

Then, if the JDP with Paragraf is fruitful as Feeks says. £1bn MCap would look small for a revolutionary product such as that.

That would be scary. But not an impossibility. If they get that right it would revolutionise the way solar can be used and applied to just about everything.

Now 50bn MCap, what would that be based on todays current shares in issue.

£171 per share. That would be a life changer.

I think a close above 9.25p would be an all time high and be very positive. The interview really was an eye opener to the potential from this level.

Very excited to hear about progress on the graphene as clearly that is not factored in at all.

last time I looked, NAV was £30m. This would need to be verified in the annual results obviously.

Looking like a strong prospect.

Maybe early next week but I think that would be pushing the deadline to the limit.

Looking forward to the statements. Not so much the financials as they will not really tell us much.

Good luck here people. This has the potential to be a winner.