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The Hydeploy feeding up to 20% of hydrogen into the Natural Gas Network is blowing my mind. If this works then transporting Hydrogen is never going to be an issue.
Massive News and though its ITM, this is a massive benefit for all Hydrogen companies.
Stokey12, fair enough. Well something has sent this to Pluto, fingers crossed on a super RNS tomorrow at 7am then.
This is just mind blowing at 1.7p (as I type this) and once again for me signals the outstanding planning applications is approved and the news has leaked.
Absolutely brilliant, I see some negative comments about people top slicing when they are at a profit. For me it is a no brainer for any person to top slice when you have spent the last few years waiting for a break at a loss.
May let this long continue. I remember, like all other long term holders, Inter My Van (Paul W) which said for every penny Powerhouse went up his holdings would increase by a million pounds. All I can say to him and others like him, FAIR PLAY and enjoy your payday. It shows a true believer in a company.
Three RNS's this morning stating Price Monitoring Extensions, the trade volume is just off the charts. Imagine the price of this company in 12 months time with this much attention and units
Passing the 1p mark is a significant milestone, I wonder if the outstanding planning application has had approval?
Between Powerhouse and AFC Energy flying through the roof I literally have to try unhook myself from the laptop and Iphone today, lol. Not a bad problem to have.
GLALTH
Absolutely amazing RNS and it literally means businesses do not have to change diesel equipment whilst improving consumption by 50% whilst showing the world they are saving the planet.
Between AFC and Powerhouse Energy increases I am finding it hard to concentrate on anything else, lol.
GLALTH, the first time in a long time the Company Market is now worth over £100 million and it is just the start. Strap yourselves in, the year 2020 is the year we have been waiting for sales and the Conservative government talking about embracing the Hydrogen economy.
A lot bigger spread now of 8% this morning
I'm shocked with all the negativity yesterday on this board, YES a sales contract would be the perfect scenario, however having a Green Hydrogen Source is a fantastic opportunity for the price of small change in the big picture. I can't read a newspaper anymore without hearing about Climate Change and going Green and this is what AFC will be giving its customers to put on their websites, also investors and banks are refusing investments into Hydrocarbons unless they are seen going green for their portfolios.
So to all the cry babies yesterday, Man Up and relax.
Chevron sees hydrogen as part of the “energy transition.” The company has been testing out the fuel and investing in infrastructure and technology in recent years. It’s used to refine crude at Chevron refineries and in other chemical processes. Between 2005 to 2010, the energy company operated five hydrogen filling stations at fleet operator sites using multiple technologies for on-site generation, storage, and dispensing. It was part of a US Dept. of Energy hydrogen demonstration project.
While support for hydrogen had been fading by the end of that time period, Chevron has been impressed in recent years to see new supportive regulations, automaker commitments, and technology advancements. As the emissions regulatory structure tightens in Europe and other global markets, Chevron and other oil giants have been spreading capital into other energy segments that they see having a strong competitive chance for the future.
Chevron will be conducting hydrogen fueling station "test-and-learn" pilots at locations in California. The global energy giant also recently contributed to a report developed by the Fuel Cell and Hydrogen Energy Association entitled Road Map to a US Hydrogen Economy. The association’s report stresses the versatility of hydrogen in a lower-carbon future.
Hydrogen’s market potential in three segments is another facet that’s gained Chevron’s support.
"Our support for the Hydrogen Council reflects our view that hydrogen can play a role in a lower carbon future as a transportation fuel, an industrial feedstock and an energy storage medium,” said Michael Wirth, Chevron's chairman and CEO.
By Jon LeSage for Oilprice.com
https://oilprice.com/Energy/Energy-General/Hydrogen-Costs-Could-Be-Set-To-Plunge-By-50.html
Hydrogen Costs Could Be Set To Plunge By 50%
While Elon Musk and other naysayers have condemned hydrogen, the energy is expected to see a breakthrough over the new decade: a 50 percent cost reduction — making it highly competitive with traditional fuel and low-carbon alternatives
That comes from a new study by Hydrogen Council and McKinsey & Co., Path to Hydrogen Competitiveness: A Cost Perspective. The report outlines three core market drivers: a steep drop in production costs, higher load utilization cutting distribution and refueling costs, and additional cost drops from scaling up of end-use equipment manufacturing.
The study looked at 25,000 data points gathered and analyzed from 30 global companies with cost reductions expected across several different hydrogen applications. These sectors include long-distance and heavy-duty transportation, industrial heating, heavy industry feedstock, and others, which make up about 15 percent of global energy consumption.
Writers of the study see the need for supportive government policies to be adopted in key geographies, along with investment support of around $70 billion in the lead up to 2030 in order to scale up and produce for a much more cost-competitive fuel. The study makes the argument that while it’s a sizable spend, it would account for less than 5 percent of annual global spending on energy. Another comparison was offered. Last year, Germany invested about $30 billion to support renewable energy.
“The Hydrogen Council believes that the report’s findings will not only increase public awareness about the potential of hydrogen to power everyday lives, but also debunk the myth that a hydrogen economy is unattainable due to cost,” said Euisun Chung, executive vice chairman of Hyundai Motor Group and co-chair of the Hydrogen Council. “If we are to reach our global climate goals by mid-century and reap the benefits of hydrogen, now is the time to act.
Hydrogen critics continue to waive flags of warning about the energy really succeeding.
S&P Global Platts’ Jeffrey McDonald and Andrew Moore point out that while advocates champion the pervasive fuel’s carbon-reducing benefits, much of it is being extracted from natural gas. It’s abundant in key markets like the U.S., and its much cheaper than from electrolysis.
Critics also argue that the transportation refueling infrastructure is likely decades away from coming close to competing with retail gas stations.
But support for hydrogen as a viable energy source is growing.
The Hydrogen Council study is given more credibility by Chevron joining up days ago with a number of other global oil producers such as BP, Shell, Sinopec, and Total S.A., as supporters of the hydrogen global advisory group. These energy giants share that ranking with global automakers and a few of their Tier 1 supplier partners — Audi, BMW, Bosch, Cummins, Daimler, General Motors, Great Wall Motors Co., Honda, Hyundai, Michelin, Siemens, and Toyota.
Chevron sees hydrogen as part of the “energy transition.” The company has been testing out the fuel and investing in infrastructure and technology in recent years. It’s used to refine crude at Chevron refineries and in other chemical processes. Between 2005 to 2010, the energy company operated five hydrogen filling stations at fleet operator sites using multiple technologies for on-site generation, storage, and dispensing. It was part of a US Dept. of Energy hydrogen demonstration project.
While support for hydrogen had been fading by the end of that time period, Chevron has been impressed in recent years to see new supportive regulations, automaker commitments, and technology advancements. As the emissions regulatory structure tightens in Europe and other global markets, Chevron and other oil giants have been spreading capital into other energy segments that they see having a strong competitive chance for the future.
Chevron will be conducting hydrogen fueling station "test-and-learn" pilots at locations in California. The global energy giant also recently contributed to a report developed by the Fuel Cell and Hydrogen Energy Association entitled Road Map to a US Hydrogen Economy. The association’s report stresses the versatility of hydrogen in a lower-carbon future.
Hydrogen’s market potential in three segments is another facet that’s gained Chevron’s support.
"Our support for the Hydrogen Council reflects our view that hydrogen can play a role in a lower carbon future as a transportation fuel, an industrial feedstock and an energy storage medium,” said Michael Wirth, Chevron's chairman and CEO.
By Jon LeSage for Oilprice.com
https://oilprice.com/Energy/Energy-General/Hydrogen-Costs-Could-Be-Set-To-Plunge-By-50.html
Hydrogen Costs Could Be Set To Plunge By 50%
While Elon Musk and other naysayers have condemned hydrogen, the energy is expected to see a breakthrough over the new decade: a 50 percent cost reduction — making it highly competitive with traditional fuel and low-carbon alternatives
That comes from a new study by Hydrogen Council and McKinsey & Co., Path to Hydrogen Competitiveness: A Cost Perspective. The report outlines three core market drivers: a steep drop in production costs, higher load utilization cutting distribution and refueling costs, and additional cost drops from scaling up of end-use equipment manufacturing.
The study looked at 25,000 data points gathered and analyzed from 30 global companies with cost reductions expected across several different hydrogen applications. These sectors include long-distance and heavy-duty transportation, industrial heating, heavy industry feedstock, and others, which make up about 15 percent of global energy consumption.
Writers of the study see the need for supportive government policies to be adopted in key geographies, along with investment support of around $70 billion in the lead up to 2030 in order to scale up and produce for a much more cost-competitive fuel. The study makes the argument that while it’s a sizable spend, it would account for less than 5 percent of annual global spending on energy. Another comparison was offered. Last year, Germany invested about $30 billion to support renewable energy.
“The Hydrogen Council believes that the report’s findings will not only increase public awareness about the potential of hydrogen to power everyday lives, but also debunk the myth that a hydrogen economy is unattainable due to cost,” said Euisun Chung, executive vice chairman of Hyundai Motor Group and co-chair of the Hydrogen Council. “If we are to reach our global climate goals by mid-century and reap the benefits of hydrogen, now is the time to act.
Hydrogen critics continue to waive flags of warning about the energy really succeeding.
S&P Global Platts’ Jeffrey McDonald and Andrew Moore point out that while advocates champion the pervasive fuel’s carbon-reducing benefits, much of it is being extracted from natural gas. It’s abundant in key markets like the U.S., and its much cheaper than from electrolysis.
Critics also argue that the transportation refueling infrastructure is likely decades away from coming close to competing with retail gas stations.
But support for hydrogen as a viable energy source is growing.
The Hydrogen Council study is given more credibility by Chevron joining up days ago with a number of other global oil producers such as BP, Shell, Sinopec, and Total S.A., as supporters of the hydrogen global advisory group. These energy giants share that ranking with global automakers and a few of their Tier 1 supplier partners — Audi, BMW, Bosch, Cummins, Daimler, General Motors, Great Wall Motors Co., Honda, Hyundai, Michelin, Siemens, and Toyota.
I see this as really positive from a supply and demand point of view.
Onwards and upwards, I would love to be able to see the list of prospective customers.
Thanks Newboy58
I have been with Powerhouse since before the Bidtimes reverse takeover (long time ago). I used to post on the iii board but gave up when they updated the layout and quietly read without commenting on LSE.
My two biggest holdings are still Powerhouse and AFC Energy, which I always still keep the faith.
Many thanks Telephoneman
Just what everyone needed to hear and resolves a lot of the arguments from the last few days
Was really expecting an RNS update today after the price increase over the last 7 days and the fact over 100 million shares were traded yesterday on no news.
Fingers crossed for another positive day :)
I cannot believe so far this month Buy and Sell trades in AFC have total £1,676,000,000 in value on closing 19th November. These numbers blow my mind and confirm no matter what Tree Shakes we will occasionally get, this company is going nowhere except UP. I have always found, when the share trades gradually disappear so does the SP.
I lost the faith in this company for the last two years yet unable to sell (just in case). I now know me and all LTH's made the right choice and now sat with a 50% profit yet I still cannot sell, just too much potential.
With the 6th December Shareholder meeting, the fantastic RNS updates, new company website and now all the Institutional Investors continuous buying suggests to me we are set for two Christmas's this year.
GLA
I have been invested in AFC since 2010 and have experienced every roller-coaster with this company.
It feels different this time though and we really have made a breakthrough, I have stopped commenting on iii and this board due to nursing serious loses for the last few years. Happy to say I am back in the Green with a passion now.
Everything leads to the 6th December investors day, I wish I was able to attend.
GLALTH, I have always monitored these boards but stayed quiet. :)
Incase anyone else cannot get the link working
http://tools.euroland.com/tools/PressReleases/GetPressRelease/?ID=3663360&lang=en-GB&companycode=services