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They said they have a few specialist lenders they are approaching

So for 4 hours of demand how many batteries would you need to satisfy that demand?

The full interview is on V*X. I thought it was a very good interview. They talked about the fact that they looked at all avenues to raise the £6.5m and this was the cheapest by a good margin. Imagine how dilutive a placing in the market would have been and the amount of slippy hands that amount of shares would have been put into.

They will draw down £1.2m initially then £1.8m a few months later the rest of the facility is not needed for the first 2 sites. The way i took it was that any other sites could be funded through cheap debt once site values and earnings are taken into account. A deposit has to be paid to Rolls Royce for the gas peaker turbines so can only imagine it will come out of one of these draw downs. It was also stated that they need to show the industry that they have access to this kind of funding before they can proceed. Debt providers and EPC providers require to see full funding. The JV partner is organising the remaining £3.25m for the 2 sites through specialist lenders in this space.

Grid and utility scale returns and very good yields were mentioned as well as much cheaper and debt if needed for other sites in the pipeline.

8 to 12 month construction and testing timeline during this period they will apply for a 15 year contract with the national grid. 3 months before completion they will approach utility companies and ask for their terms to supply to, these are contract of around 10 years.

Thing that surprised me but on thought makes sense, was that there is a better yield for gas peakers are they are trusted more than batteries as they can run for as long as needed rather than the current up to 1 hour a battery can produce. This situation makes peakers more profitable.

Well worth a listen from around 11 mins in.

A touch of reality sprinkled with some bargain hunting. Roll on the next bit of news.

Been reading the CRCL news and they paid £400,000 to get 40% of the JV. They now need to find the money, which is what today's news from DKE is. As CRCL state, its shovel ready meaning its a field with planning permission, no equipment. They are also using a loan facility arranged in may for £500,000 but paying an 8% coupon. I'm not too savvy with financial instruments, but isn't a coupon the same as interest, where DKE is paying 0%? I would suggest that CRCL now need to find their share of £30m+ for the 50mw or maybe i'm not reading it right? Apologies in advance if this is the case.

How much did CRCL have to stump up for the 50MW project, maybe it was out of the reach of DKE at the moment. If 10MW is £6.5m then is 50MW £30m+. Surely that would be very difficult to finance with a £2m market cap?

So how do you suggest they get the £6.5m financing with a market cap of around £2m at the time? Seeing plenty of critisism, but no suggestions on alternatives. I've been invested since the start and am very excited by the prospects, more so now. I initially invested for a safe bet, got excited by the potential Uni deals until covid, now the prospects are much better as this sector has seen an increase in investment by institutions and is not in recovery mode, like most other sectors.

I've seen these work well if they are used properly for investing in the business and not just in keeping the business alive in hope of a deal. Amur is a perfect example of this. They got the funding got to a stage they would have found far more expensive to get to and the share price reflected it, at the time. Dukemount needs this size of funding to move ahead, it couldn't raise this amount in the stock market without a crippling discount, and a loan at this stage of their development would have been much more expensive i'm sure. Therefore i'm confused as to why the negative vibes on this deal. Surely its better than no financing, no deal, no hope and ultimately no potential value for shareholders.

I've heard this is a hot sector to be in, especially as so many are in recovery mode following covid, and i think this is shown by dke arranging financing, multiple times its market cap.

I suggest you listen to the interview with Paul Gazzard and Zak Mir on Vox as Gazzard explains the process well. He states they are initially acquiring the rights to the first 2 then building them out. The point about electric cars in the next few decades I took from a recent report on the national grid website, and its of a real concern to them, its not my thoughts I am not a fan of electric cars at the moment. Gazzard also talks about more info in the coming weeks, so again I suggest you listen to the interview.

Just been listening to Zak Mir talking to Paul Gazzard at DKE. He says that HSKB have chosen the first 2 projects and that they know the people to go to to fund this type of thing. He added that DKE will find £3m of the £6.25m. Loads on the internet about capacity market contracts for 15 years, which were brought in in 2018 by the government to help out the grid when the wind don't blow or the sun don't shine and demand is bigger than supply for power.
I read an interesting piece on the internet, i think on National Grid's website, that just taking electric car ownership, they suggest that if millions of electric cars are used in the UK in the future, the demand for electricity will be significantly higher than now and the problem they face is predictability of demand as these cars could be charged at anytime anywhere in the country. That said to me that these types of things are going to be in high demand for decades. As to the guarantee return's i would assume that the 15-year capacity market contract would be a guarantee as well as demand forecasts showing demand outstripping supply for the foreseeable. The problem with batteries is that they deplete, gas peaking goes on until demand is no longer needed.

I've been a shareholder since the beginning, haven't sold any or topped up. I'm in the money and hoping to be much happier by the time I retire in 10 years time, so this is a long term investment for me. I got the supported living aspect at the beginning and got very excited by the university potential right up until the pandemic. With councils bemoaning their dwindling funds (Continued Waste) and very public university woes I hoped that DKE wouldn't be hanging around waiting for an improvement but had been looking at other industry sectors. Along comes news of dipping a toe in the green energy sector. This pleased me as it showed me that the board can move quickly and wasn't wasting lockdown on catch-up tv and waiting for better times in the same sectors which could take a long time to recover. The green energy sector is no longer a fad, i've seen interviews highlighting that the investment majors are actively looking at gas peaking and battery storage as long term income plays and read reports online of the huge demand for this kind of backup for the national grid as fossil fuels are replaced by solar panels and wind turbines. As long as they can get this one away I think there is a bright future for DKE. I'm sure they can earn good money from the green energy sector and when the universities get themselves back to a level where they can look at expansion of facilities they can be revisited once more giving us another income stream. I'm amazed at some comments on here and at the other place at the shock that little has happened during this year long global hit for business. If DKE was involved in anti-viral healthcare and doing nothing I would be concerned, but its not so i'm just hacked off that retirement remains over 10 years away but willing to give the board a chance to prove their model in a sector not seriously impacted by COVID.
As to the £100m hopes, i'm peed off their not looking at a higher future valuation. I've been looking at a company that turns waste plastic into a high calorific gas and hydrogen. They haven't commercialised their tech properly, yet they have a market cap of over £200m.

That's why its partnering with HSKB, it understands institutions and long term income, HSKB understands gas peaking. Job done i'd say.

Why hasn't Powerhouse announced this? they announced the heads of terms in November surely this needs to be announced?

DKE has put up photos on its website of the Wavertree refurb project and today the West Derby redevelopment project showing progress

Thanks for the heads up on twitter but don't understand it so don't use it. This is about as tech as i get ;)

Great, i can't get down to London. Will you be sharing any insights?

Anyone from here going to the meeting?

Very interesting addition to DKE's offering. Legal and General recently announced a £2bn spend on building 3,000 retirement homes over next 5 years.

Whats happened to this board? Good news out met with lethargy and MM's trying to attract some interest by lowering the share price!