The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
How are AFC and ABB going to support a service station with multiple fast chargers ? They’ll have a queue of lorries with deliveries of hydrogen longer than the queue of cars waiting to be charged. Until the fabled world’s best ammonia cracker is ready it isn’t going to happen, even though years ago Bond dismissed crackers as being an issue with a wave of his hand and a casual throw away comment that we can just buy one off the shelf.
Well it looks like the AGM was so informative that all the LTHs are loading up, hoovering up all the cheap stock….except they’re not, tells you everything you need to know. They’re happy to hear that everything is going well.
The delay with the ABB unit was previously described by Bond as being a software issue, now apparently it just needs some final wiring, this sounds very similar to the excuse with Altaaqa and the piping issue containerising the system.
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.”