Member Info for Daz9643

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.

As I said, you have learnt absolutely nothing

Well they’ve had plenty of time to think about it ! I suppose you still think Southern Oil still want their system and Juelich still want there’s, more fool you. You simply do not learn from past experience.

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.”

Correct Ogggs, they placed an order to trial a system with an option to buy at the end of the trial and chose not to buy.

Ah, from January 2023, I can see why you’re excited now being as you’re new here.

Thanks for that link constructivenews, could you be even more constructive and tell me where AFC is mentioned in it ? It’s a long article and my attention span is short. Thanks in advance.

While your lot have all been rejoicing in how wonderful the emperor’s new clothes look.

2024 is meant to be the year that AFC deliver, deliver the £2m order to Speedy before the end of October, the current financial year and deliver some of the remaining £27m order book yet every photo on LinkedIn shows the factory completely empty !

The truth is that Alkamem was going to be one of three revenue streams in its own right, with market size for the membrane market spouted by Bond and repeatedly regurgitated by Haggis just like the ammonia cracker !

We even had commercial samples of Alkamem ordered by customers, strange that we never heard of any customers trialling Alkamem though and when you consider how good the PIs here are at unearthing tiny snippets of news what does that tell you.

It’s a concept at present, it’s not a product

It’s Alkamem and the holy grail all over again. Yes of course if AFC had an ammonia cracker that worked more efficiently than anything else in the market of course the ammonia industry would say it would be worth a fortune…but we don’t yet, we have a small scale prototype and just like with Alkamem that looked great at small scale the challenge to overcome is years away, if it was easy everyone would be doing it.

Have you personally heard the view from the ammonia industry ?

Absolutely ! Especially when this co is all about image !

Haggis certainly puts in the hours copying and pasting irrelevant nonsense, if only he put his effort into finding out when AFC will start delivering the £2m order to Speedy and when they will be able to deliver the £27m order book

Joaung yes I am invested, yes I want AFC to do well, yes I have been invested for over 10 years, no I don’t like deliberately misleading statements about the order book and will call it out.

Good, they can address the market and correct the false information being published about the £27m order book which ive seen a number of times including from one of their own brokers.

5th may 23 - moneyweek article

AFC Energy (Aim: AFC) is a "flex fuel cell" manufacturer of alkaline fuel cells, which uses nickel in its electrodes. There are competing methods of making hydrogen fuel cells, and AFC's alkaline fuel cells have much cheaper components than the proton exchange membrane (PEM) fuel cells that ITM Power (see below) makes. The downside is that its alkaline technology is less energy-efficient.

Recently AFC announced a successful field trial of its first prototype methanol fuel tower with Acciona, an engineering company listed in Spain. The company reported revenues of £2m in the year to 31 October 2022, and this is forecast by brokers to rise to £11m this year and then jump to £140m two years later, when the company is expected to break even.

So brokers were expecting revenue of £11m last year but was actually £200k and only predicted to be £6m this year.

Isn’t that article a bit contradictory to your comments that institutional investors were piling in here hoovering up all the cheap stock ?

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