Key takeaway’s for me from the interview11 Dec 2025 08:59
JW was highly critical of Adam Bond, fact !
Bond built a Lamborghini when all we needed was a Ford, the 30kw unit cost more than £355k to make, it had 10,000 parts, and utilities a custom skid that cost £15k alone !
The 85% cost reduction version uses 1 30kw stack rather than 12 individual stacks but costs the same as just one of the 12 stacks. The new unit has a couple of hundred parts, it now uses an off the shelf skid costing £5k. The new model is not tolerant to ammonia, ammonia in the hydrogen supply will kill it.
I like the fact JW when he talks about what the revenue could be for AFC that he also clearly states that we need to hit the revenue while making a profit, something I never heard Bond say once.
One thing I wasn’t too happy about was that he said about the Tamgo relationship was that they were still working through what a distribution agreement might look like, I just assumed this would have been sorted by now.
Overall very happy though, sounds like things will kick off next year.