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The same RNS from 2020 again also mentions mass production in anticipation of multi unit orders that have simply not materialised. How many years of failure is a CEO allowed ? Until the money runs out ?
I don’t think that’s something they will have to worry about somehow. If everything was going well and a bumper RNS was about to be announced there would be a lot of buying, there is none…
Of course Bond hit all targets because none of them mention revenue !
Delivery to ABB of a 200kw system in 2023 turned into manufacturing will be completed in 2023 followed by certification in 2024 which could take months.
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If only they knew about AFC, oh wait, they do. If only we had large systems available to buy now, oh wait, we don’t.
Maybe one day.
March 2023
The validation saw the successful delivery of over 100kW of cumulative net power output from the stacks, exceeding contracted targets, and positions AFC Energy well as it enters into the next phase with ABB E-mobility to deliver on a modular hydrogen fueled, zero emission 200kW hydrogen power generator this year.
THIS YEAR 2023, now mid Feb 2024 and zero news.
None of you care about Garonnes mental health or anyone else’s on here, you just say what you say to try and discredit those that have repeatedly called it correctly for over 10 years that Bond is the wrong man for the job. He has never ever delivered anything commercial in his career at AFC, Link, or anywhere else. Time for a change, we need someone with experience and a solid track record of commercial delivery, should be easy with the salary on offer.
Funny because 2021 was apparently a transformational year for AFC,
AFC Energy PLC (AIM:AFC, OTC:AFGYF) has provided an update for the year to 31 October it described as “transformational”, with the new year expected to the deployment of several new fuel cell systems on the market, including from its new product range.
The London-listed company said the outlook for 2022 is “very strong”, with recent commercial orders and the certification of its fuel cell systems and crackers for maritime installation making the value of alkaline fuel cell technologies across its various addressable markets “increasingly apparent”.
The 30kw system and the 200kw S+ and the methanol fuel tower are still showing as coming soon, not listed as available to buy now, are AFC not confident enough to take orders for them ? Why aren’t they taking orders ? If I placed an order for 10 x 200kw systems by the time all the materials were procured and delivered the first system would have got CE approval.
While AFC are busy helping companies greenwashing they’ve also done a great job brainwashing you too. You still can’t see that genuine investors that have been here over 10 years are starting to get a teeny weeny bit peed off that there is STILL zero commercial traction. Anyway, AFC have less than 5 months to deliver the first £2.7m of power towers to Speedy, that’s a hell of a lot of towers, the 3 or 4 you see in the warehouse isn’t going to cut it. Where are they being built ? There is no mass manufacturing agreement and even if they did there wouldn’t be time to make them all.
Git, you’re a factor of 10 out, it was 8000hrs of power tower rental, that is likely to be the only actual commercial revenue for all of last year.
In other news, it seems Speedy got what they wanted out of the partnership without even hiring a unit out !
We are delighted to announce that Speedy has achieved a CDP A- score for carbon reduction, an improvement from our score last year, which was a B. This demonstrates our commitment, transparency, and performance on climate change. 🥳🌍
Commitment to meaningful and measurable environmental action is more critical than ever, which is why Speedy disclosed through CDP in 2023. Along with 23,000+ companies, we are harnessing the power of our data through transparency and accountability to set a course to a sustainable future. 🟢