Investor Meets Company, important points.2 Aug 2024 20:53
ABB
200kw is not due ( under contract until end of 2024)
200kw is under CE marking procedure & will be delivered on Completion. 200kw to 500kw will be used for high power Ev charging of Vechiles among other things. Also other customers for the product on Completion of CE marking.
Speedy Hydrogen Solutions
First sales to Speedy began in April 2024, some units already delivered. Assembly &delivery continues. Speedy contract for 202324 is 4.7million.
Acciona
Acciona 1st delivery of 45 kva delivered. Opening up Sapnish markets.Acciona came to AFC & put the unit through its paces ( Totally Satisfied). Acciona also a massive market.
NIFTY LIFT
AFC now have a contract to supply Nifty lift with Fuel cell Modules for its H2E platforms ( initially) moving on to its other products. First delivery in early 2025. This also opens up a whole new market for AFC to supply components to a whole range of other equipment used by numerous companies.
Tamgo
Tamgo orders will come in the second half of 2024. Tamgp customers will order from Tamgo. Tamgo will then place orders with AFC. for the S model and the S+ Model.
Ammonia cracker
Proceeding at pace with various Tier 1 customers. First revenue in 2025. Over 40 large companies have visited Afc in last few months. Some have undergone 2 day fuel cell training for operation on their sites.
Zoliner & Illuminum power have both passed Afcvenergys requirements to be able to scale up to 1000 units per annum when required.
Afc will be one of the largest Hydrogen consumers in the UK.
Already producing 400kg of Hydrogen per day & various off take agreements for Hydrogen supply.
Order book of 27 million & an even̈ more substantial pipeline behind that.
Afc expecting huge growth in the Middle east , USA , UK & others
Expected Revenue 2024 £4 million. 2025 £11 million, 2026 £30 million.
These revenue figures can substantially increase as the market increases.
A new Sales Director with considerable contacts in the USA.