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I have asked for the split between actual orders received and framework agreements, there is no reason not to provide this information to shareholders, the only reason would be embarrassment for the board that it’s literally just the Speedy order, ABB and Acciona which we already know about.

Put those figures to the board in advance of tomorrow and ask if they feel the remuneration has been proportionate. I’ve put forward 6 difficult questions, I’ll let everyone know tomorrow if any of them got answered

It was announced a week ago that Gary Bullard will be interim CEO, if you think AFC have appointed a new CEO in that timeframe well…

Remember we had the worlds first hydrogen powered ev charger and first mover advantage and on the glidepath to sales and on the cusp and accelerating to sales and a growing pipeline, no wonder the worlds most highly paid 🤡 has handed his big red nose back. While ABB continues to wait and wait and wait others are now way ahead

By Natalie Middleton / 7 months ago / Latest News, Top Stories / No Comments

A new electric vehicle charging facility powered by hydrogen has gone live at Cairn Lodge Services on the M74 in Lanarkshire, averting pressure on the grid.

Cairn Lodge Services now has six ultra-rapid Swarco EV chargers powered by green hydrogen

EV drivers visiting Cairn Lodge Services now have access to six ultra-rapid EV chargers from Swarco Smart Charging that are powered by green hydrogen until a suitable electrical grid connection is established.

It marks the first-of-its-kind deployment of a hydrogen-powered generator connected to EV chargers at a UK service station to accelerate the rollout of EV charging infrastructure.

Cairn Lodge Services, a family-run motorway services business and part of the Westmorland Family, said it had taken a proactive step to bridge the energy grid gap by using hydrogen power.

Its EV chargers, provided by Swarco, are now connected to a hydrogen power unit (HPU) from GeoPura, which supplements the current grid supply and provides suitable electricity for EV charging at the service station.

This solution offers scalability for off-grid EV charging in various applications, even in areas where grid upgrades are delayed or not feasible.

It also means Cairn Lodge Services will now be able to meet the demands of the holiday season and the expected surge in EV charging requests throughout the Christmas period.

Nabil Subuh, CEO of Westmorland Family, said: “The rapid growth of the EV market has underscored the pressing need for accessible and reliable charging facilities. As EV adoption soars, the pressure on the electrical grid has become increasingly evident, leaving businesses like Westmorland to look for creative, sustainable alternatives until there is sufficient grid capacity. We want to be at the forefront of this sustainable and eco-friendly EV charging revolution, providing a convenient, green charging to our customers.”

He stressed that the charging experience for the customer was no different to a grid-connected charger.

Subuh added: “By utilising this new technology we can provide much-needed EV charging facilities sooner, meeting the growing demand without having a negative impact on the environment.”

Andrew Cunningham, CEO of GeoPura, commented: “If we can charge our EVs from the grid, where in the UK 50% of the energy is renewable that is by far the best option, however our existing distribution grid wasn’t designed to provide the energy required for an electrified transportation network. This means that many locations, where we need to charge our cars don

Like the question about projected revenues and Bond said AIM companies don’t give out projected revenues. Be glad when he’s gone, can’t trust a word he says.

I know. I will be sending the question in advance but like most of my difficult questions they choose not to answer them

And what’s happened to the hockey stick sales curve where sales have gone from £27m to £26.6m (excl the £0.4m delivery)

Looking forward to hearing more BS why they’ve only had £400k revenue in the first 6 months in the year of delivery and what excuses they come up with this time why they won’t meet the expected £5-6m revenue this year. I guess they can use Bonds departure as an excuse now saying a lot of the boards time has been taken up looking for a replacement

Think I’ll just wait until Bond has finally left the building before I attend any more of these so I can get some honest answers instead of listening to his BS

The recent fund raise that CN keeps harping on about as being used to fast track the H Power systems, well, the £60m fundraiser from 2020 funnily enough was for the exact same purpose. Those 2 fundraisers were to get systems in the field in the next 12-24 months and here we are 48 months later doing exactly the same again. How many times can you raise funds for the same purpose and not get sacked ?

Background to, and reasons for, the Fundraising

The Company is entering into a new phase of its business as it plans to deploy its products commercially. As it does so, an increasing emphasis will be placed on the manufacturing scale up and commercial deployment of its fuel cell systems and the resources necessary to implement this.

The Company believes that with systems built and available for deployment, the ability to meet customer demand will be accelerated.

To this end, the Company is looking to raise gross proceeds of up to £30 million by means of the Fundraising.

Use of proceeds

The proceeds of the Fundraising will be used to support the continued development of the Company as it moves from the development phase of its products and technology into the manufacture and commercialisation of them.

In particular, the proceeds of the Fundraising will facilitate:

· the multiple manufacture of new H-PowerTM fuel cell systems capable of deployment in the next 12-24 months to meet projected customer demand - combined 20kW and 160kW units are expected to be built, including the 160kW H-PowerTM system for trialling by ACCIONA in 2021;

· the employment of new manufacturing, product engineers and commercial staff in support of the deployment of H-PowerTM systems into the Company's key target markets (electric vehicles and construction);

· the development and implementation of its strategy for scale up of manufacturing and system assembly;

· an acceleration in the development of the Company's AlkaMemTM anion exchange membrane with scale up of manufacture and validation testing pre commercial deployment; and

· the delivery of solid-state membrane fuel cell system (HydroX-Cell(S)TM) for published target release date in 2022 which the Directors expect will open new markets.

In addition, the Fundraising will also support and finance the warranties required in connection with systems deployed into commercial applications.

They had no choice, fund raise after fund raise all for objectives that were never met. The £60m fund raise was to fast track completion of the 200kw system for ABB which now won’t be ready until next year, we should also by now have been close to break even. If Bond had stayed we’d never get another fund raise away, the last one was a give away to mates, guarantee it, none of them will still be holding now.

From the interims,

Our order book represents the total value of existing contracts and framework agreements. It underwrites our production scale-up and stands at £26.2m, being £26.6m at the end of FY23, less the £0.4m of subsequent sales.

In the UK alone, we are seeing significant demand for our H-Power Generators driven largely by increasing requirements that Government projects, including multi-billion-pound projects such as HS2 and the Lower Thames Crossing, are decarbonised.

So end of fy23 to end of April no new orders but we are told we are seeing significant demand for our generators - that just doesn’t add up.

This was from 2017

The next steps towards the delivery of a commercial alkaline fuel cell system have been taken by industrial fuel cell power company AFC Energy as it confirmed the first commercial order of cathodes had been placed with Industrie De Nora.

The UK-based company said it had placed the order to initiate the mass manufacture of electrode capability and to ensure quality controls are in place to ensure consistency with smaller scale testing. The first delivery is expected by mid-December 2017.

Really ? You clearly have not been following AFC for the last 15 years where we’ve seen it all before !

CN, that’s what I don’t understand, I'd you look at the Intrim results. The inventory level has risen considerably in order to speed up production & despatch orders quicker.

If you need money to speed up production to buy inventory when you already have £2m plus inventory surely you’d sell some of it !

Seeing as AFC have not published his welcome departure on LinkedIn or X I’m guessing he was pushed otherwise it would be on social media

Unfortunately one of the first tasks for the incoming CEO is how to do another fundraise !

Are you talking about AB ?

Actually Garonne, in last years interims it was announced the Juelich order was cancelled, and although it went on to say Juelich would only be in a position to accept any fuel cell system in 2024 I don’t believe we ever received another order from them so I would consider this opportunity dead.

Everyone’s waiting Garonne, the only person who’s never had to wait for payday to come is the grinning conman himself.