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Where are the units for Speedy ? Why isn’t Bond on social media sharing pics of a busy hangar full of technicians busily building systems ? I mean, for the first ever commercial large scale order you’d think Bond would be excited and share what’s happening yes ?
Where are orders from Tamgo ?
Where has anything commercial been delivered ? Considering we are nearly half way through the ‘year of delivery’.
Where’s the hockey stick sales curve ?
Where are there currently any of the first 10 power towers that were built in use ? Where are they ???
Anyone got news from potential customers posting on social media that they are trialling them ?
Because Pommy I see zero proof. £200k revenue last year. This (financial year up to 31st Oct) is the year that AFC focuses on delivery, have you seen any evidence yet of this delivery ? Why is the hangar empty, it should be full with £2m worth of generators for Speedy. Speedy are prolific on social media, why not even one post about a single fuel cell being hired out ? When I see it I’ll believe it, not because Bond told me it’s going to happen.
Pommy, it was RNS’d last year
AFC Energy PLC (AIM:AFC, OTC:AFGYF) said it has received a first order for an H-Power 'S' Series 50kVA hydrogen-powered generator from Spanish construction group ACCIONA.
The generator, which is designed for heavy-duty construction and temporary power demands, will be delivered to Spain in the second half of 2023, AFC said.
ACCIONA will initially rent the generator, which comprises a 30kW AFC Energy air-cooled fuel cell and 45kWh battery storage system, for the first six months with an option to buy thereafter.
The Spanish group currently has a fleet of thirty 80 kVA diesel generators and this is a first step towards their replacement, AFC said in a statement.
AFC and ACCIONA have been trialling hydrogen power generators in Spain, but this new 50kVA version is cheaper to run and delivers 400% more power.
Miguel Paris Torres, Head of Area at ACCIONA's Construction R&D Centre, said: “The system's modularity, scalability and compactness make this an ideal platform to displace diesel generators from our construction sites in the near term."
Adam Bond, AFC’s chief executive, added: "ACCIONA is a key relationship for AFC Energy and has provided support to us in defining the ‘voice of the customer’ in a way that has informed the design specification and operation of our new 50kVA H-Power S Series emissions-free genset.
“Decarbonisation of the construction industry, in the UK, Europe and internationally is an important step in society's move towards Net Zero.”
2024 is meant to be the year that AFC deliver, deliver the £2m order to Speedy before the end of October, the current financial year and deliver some of the remaining £27m order book yet every photo on LinkedIn shows the factory completely empty !
The truth is that Alkamem was going to be one of three revenue streams in its own right, with market size for the membrane market spouted by Bond and repeatedly regurgitated by Haggis just like the ammonia cracker !
We even had commercial samples of Alkamem ordered by customers, strange that we never heard of any customers trialling Alkamem though and when you consider how good the PIs here are at unearthing tiny snippets of news what does that tell you.
It’s Alkamem and the holy grail all over again. Yes of course if AFC had an ammonia cracker that worked more efficiently than anything else in the market of course the ammonia industry would say it would be worth a fortune…but we don’t yet, we have a small scale prototype and just like with Alkamem that looked great at small scale the challenge to overcome is years away, if it was easy everyone would be doing it.