Reading Snam between the lines27 Nov 2020 06:51
As we know, Snam had participated in ITM a few weeks ago and also in DeNora a few days ago. Yesterday I read through one of their presentations:
https://www.snam.it/export/sites/snam-rp/repository/file/investor_relations/presentazioni/2020/2020_Snam_DeNora.pdf
The slide numbers were a bit mixed up, so I explicitly refer to the page numbers in the pdf:
On page 7, the target market is divided into three sectors Industrial, Transportation and P2G and the individual applications are assigned a weighting for PEM / AWE.
On page 8 they mention "Alkaline Technology is complementary to PEM where Snam has a partnership with ITM Power". This means the DeNora technology.
On page 4, AFC is explicitly mentioned in relation to H2:
"• Fast-growing H2 electrodes business (key component of electrolyzers)
• 34% of the JV with Thyssenkrupp, which co-develops, assembles and installs electrolyzers and plants
• Joint Development Agreement with fuel cell specialist AFC Energy to develop alkaline electrodes for alkaline fuel cells "
If you search further, you will find further Snum related slides, articles and press releases about the acquisition, mentioning AFC as DeNora’s fuel cell specialist. They do not mention other DeNora partners in this context, only AFC.
Hope, I am not telling something that has already been told. There is a lot of output on this bb these days, and searching the board was never fun and has become nearly impossible since you need to be logged in.