Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
We’ve got a world leading ‘x’ all we have to do now is scale it up. Commercial samples going out to customers. Has Bond just copy and pasted the Alkamem RNS and replaced Alkamem with cracker ?
Seriously why would you say this in an article when you’re trying to sell hydrogen fuel cells ? How do you counter the argument with potential customers that hydrogen is difficult to store and transport when you’re saying it yourself ???
n theory, extraction would be a means to produce hydrogen at low cost, low footprint, low water and low energy consumption, and is attracting growing investor interest. But as early exploratory wells are still a long way off commercial production, significant questions remain as to whether this is a viable, scalable future energy source.
For example, hydrogen is difficult to store and transport in gas form. But it could be produced and converted to a carrier fuel – such as ammonia – and then 'cracked' back to hydrogen at the point of use in much the same way as LNG is liquified for export and re-gassified at the destination port.
We’ve been in bed with Altaaqa for nearly 3 years now, Tamgo are the parent company, if this relationship isn’t mature enough for AFC to be able to supply volume orders as soon as the systems are available to buy it is a very sad reflection on the senior management. An MOU was signed with Altaaqa in April 2021.
Klunk, this is what I was referring to - from the same RNS
The H-Power Generators will be available for hire exclusively in the UK and Ireland from late this year through Speedy for an initial three-year period.
Order
Under the SMA, SHS commits to an initial order from AFC Energy, for delivery throughout the first six months of 2024, of generators at a committed value of £2m with the intention to increase orders up to c.£4.7m across the first full contract year (commencing 1 Nov. 2023). The delivery profile of generators above the committed value is subject to performance and market uptake consistent with the business plan.
We don’t even know if the H-Power Generators have been delivered to Speedy, if they had you would have expected AFC to have announced it on X and LinkedIn.
I have a feeling that AFC were unaware of the terms of the contract that all components had to be factory acceptance tested and the units as a whole before they would accept delivery hence AFC couldn’t just ship them existing units - that is purely a guess.
You can call me whatever you like Haggis but I’ve never advised anyone to buy, sell or hold, you on the other hand saying you think now is a great time to buy when everyone knows you’re history of wrong calls, ie the Mcap is being pegged at £500m. You’re so full of conspiracy theories, why can’t you just accept that Bond hasn’t delivered on his expectations ? It’ll be March soon and we still havent delivered anything to Speedy that should have been delivered last year.
The ABB contract was originally announced in Dec 2020 with delivery ‘expected’ mid 2021 so you can ‘expect’ all the news you like, doesn’t mean you’re going to get it.
Pipeline of 10 systems ? And what % chance of winning those as things currently stand ? 10% ? I wouldn’t even give that right now.
Can you see some similarities ? First mover advantage, positive market feedback, assemble fuel cells in Thailand, The MOU will quickly establish a business model to monetise the growing waste stream, create a platform for developing similar projects .
Replace Thailand with Germany, replace AlterNRG with TAMGO…nothing has changed in 10 years.
Let’s have a bit of fun then and see what big news we had 10 years ago when the SP was about to rocket.
24 February 2014
AFC Energy plc
( "AFC Energy")
New drive to accelerate launch of energy-from-waste projects in Thailand
AFC Energy plc, a leading British industrial fuel cell power company, is pleased to announce that it has signed a new co-operation agreement in Bangkok to accelerate the adoption of its fuel cell systems in proposed energy-from-waste (EfW) projects in Thailand.
The agreement, comprising a Memorandum of Understanding, was signed late last week between AFC Energy, Waste2Tricity International (Thailand) Ltd, and Alter NRG Corporation (collectively "the Participants") at the St Regis Hotel in Bangkok. The ceremony was held in the presence of His Excellency, Mark Kent, the UK ambassador, together with senior executives from the Thai banking, waste and real estate sectors.
The MOU builds on the commercialisation deal announced on 31 October 2013 granting exclusive rights to Waste2Tricity International (Thailand) Ltd to use AFC Energy's low-cost fuel cell systems to generate renewable power from hydrogen gasified from municipal solid waste.
Following positive market feedback, the Participants have expanded their cooperation to advance a number of large scale EfW projects in Thailand. In addition, the Participants will investigate ways to assemble fuel cells in Thailand, reduce the timeline of fuel cells being integrated into waste plants and lobby the Thai government for fuel cell incentives.
Waste2Tricity International (Thailand) Ltd is a majority owned subsidiary of Waste2Tricity Ltd, a UK based developer of EfW projects in which AFC Energy owns 23% equity. Alter NRG, based in Canada, is a leading waste gasification technology company.
Ian Williamson, Chief Executive Officer AFC Energy, said: "We are delighted to continue our close relationship with Waste2Tricity and to be working closely with Alter NRG. Everyone believes there is a considerable opportunity for large scale waste to energy projects in Thailand as these will not only increase energy independence from renewable sources but will also alleviate pressure on landfill to deal with waste. Working together we can benefit from first mover advantage and open up this market quickly and demonstrate a compelling investment case for such fuel cell-based power systems."
PK Thummukgool, Director of Waste2tricity and Project Director for the Thailand project, said: "This agreement clearly demonstrates Waste2Tricity's intentions to shorten the time to market for our energy-from-waste systems incorporating AFC's low cost fuel cells. The MOU will quickly establish a business model to monetise the growing waste stream in Thailand and also create a platform for developing similar projects in the ASEAN region."
It’s not actually clear from the interview which product the stacks are for, it just mentions they have FAT 12 fuel cell stacks. They could be for 3 power towers since they have never been FAT for Speedy. It’s an assumption that they are for the 30kW system without further information.
Must be very hectic for Afc at the moment dealing with.
Speedy hire orders. - 1 order, first units were expected to be delivered in 2023, some of the components have been FAT tested, Bond was very careful not to say all components have now been FAT tested.
Acciona orders. - 1 order for a trial, unit can be returned at the end of the trial, probably has as this is old news.
ABB 200kw orders. 1 order, delayed, manufacturing should have been completed in 2023.
Setting up mass manufacturing & Outsourcing both here & with Tamgo in Saudi Arabia & that region.
Work ongoing to modulerise the Hydrogen cracker tech.
They must be rushed off their feet, not to mention other companies intrested in buying & leasing the fuel cells & cracker tech.
Very busy time for Afc.
If you think that’s a good interview you are delusional. First question - how are things going with Speedy ?
Not great, fantastic- but starts with ‘look’, says it all.
We HOPE to soon deliver to Speedy. Well you would hope so when you expected the first systems to have been delivered in 2023.
OMG what an absolute shower ! How is Bond still surviving ?
They’re doing FATs on the components that make up the systems, they were supposed to have already delivered the first systems to Speedy last year ! Wow, this is unbelievably bad news. Will they ever ship anything out the door ?