The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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.
Haggis certainly puts in the hours copying and pasting irrelevant nonsense, if only he put his effort into finding out when AFC will start delivering the £2m order to Speedy and when they will be able to deliver the £27m order book
5th may 23 - moneyweek article
AFC Energy (Aim: AFC) is a "flex fuel cell" manufacturer of alkaline fuel cells, which uses nickel in its electrodes. There are competing methods of making hydrogen fuel cells, and AFC's alkaline fuel cells have much cheaper components than the proton exchange membrane (PEM) fuel cells that ITM Power (see below) makes. The downside is that its alkaline technology is less energy-efficient.
Recently AFC announced a successful field trial of its first prototype methanol fuel tower with Acciona, an engineering company listed in Spain. The company reported revenues of £2m in the year to 31 October 2022, and this is forecast by brokers to rise to £11m this year and then jump to £140m two years later, when the company is expected to break even.
So brokers were expecting revenue of £11m last year but was actually £200k and only predicted to be £6m this year.
Next level EV infrastructure scale-up — this is the way to do it ⚡👍
As we look towards 2025 and the rollout of the first public #MCS chargers on highways, Florian Naegele, CCO & President EMEA at ABB E-mobility, held a highly appreciated keynote speech on the first day of the Nordic EV Summit.
Florian's message to the industry was a call for collective collaboration to tackle the 6 core challenges we identify when it comes to rolling out the future infrastructure for heavy-duty vehicles:
1. Standardize the physical MCS interface, including faster, automated connection systems to avoid lifting heavy cables.
2. The necessity for a software step-up; the energy management software layer is now more relevant than ever.
3. A move to industrial-grade reliability and total cost of ownership. Time is money, especially in commercial transport.
4. Seamless interoperability: Industry-wide protocols need to mature to ensure smooth integration.
5. Systematically planned grid expansion.
6. A broader data exchange to fully integrate #EV charging with any business.
When we overcome these challenges, we will pave the way for a more sustainable and efficient future in zero-emission heavy-duty transport.
Stay informed about MCS development, changes within the #emobility market, and #EVchargers by following us. 😉🤝
Tennents, I have watched the Q&A and did understand the words thanks.
Erm, so, the, one of the reasons we like the 30kW generator size is it doesn’t require, you know, tube trailers of hydrogen to be delivered to site daily to replace fuel that, you know, has been consumed the day before, erm, with the size of the 30kW generator and and and the sort of the numbers of generators were looking to produce over the next year or 2, there’s certainly enough hydrogen in the uk to cover the demand, we’re working with blah blah blah and as some of you may know we’ve bought a couple of hydrogen trailers to move hydrogen around.
So I’ll ask again, how are AFC going to supply hydrogen to hundreds of sites ?