Member Info for DJ79

Here is some information, but unfortunately its unclear how old the specifications are. The website is from 2019 though.

https://www.titaneco.co.uk/flexiblesolar

Here is some additional information from Verditek themselves back from January 2020.

https://www.rushlightevents.com/wp-content/uploads/2020/02/RUSHLIGHT-SHOW-2020-CLEANTECH-CONF-4-VERDITEK-SOLAR.pdf

@bwallum where did you get the technical specifications?

I guess this answers our question https://www.linkedin.com/posts/adam-bond-74841b13_data-center-and-mission-critical-association-activity-6852160018146443264-kpaU:

Unfortunately, due to the US Government’s decision to only open its borders to vaccinated foreigners from November this year, I’ll be unable to attend the 7x24 “Impact of the Edge: End to End Relaibility Mission Critical Facility Conference” in Phoenix later this month. However, with presentations already submitted, it’s great news that Dave Sterlace from our partner ABB will be presenting AFC Energy plc’s fuel cell technology for data centres on our behalf! Many thanks Dave for your ongoing support!"

@Chucky I reached out to the conference organizers:

Hi ...,

Adam Bond has canceled.

Best,
Tara

Tara Oehlmann
Program Director & Editor, 7x24 Exchange Magazine
7x24 Exchange International
O: (646) 486-3818 x104 | C: (917) 880-5450 | F: (212) 645-1147
http://www.7x24exchange.org

Nice opportunity to bring their communication standards to a higher level. I assume this news has been shared internally a few months ago already. Interesting to see who they will bring on board. There is a lot to improve with a lot of advice on this board free of charge

@Sturm I agree with the PR-office remark, but anymore working in a small or large company knows typos like these happen. It is just an insignificant typo in an insignificant RNS and here we are acting like this is the reason the company is doomed. In the end nobody cares but some ranters on these messageboards

*wouldn't

@chameleon1 I cannot imagine this. ABB has been on top of this system delivery since their investment last Spring. Surely they would have just left it there until the delivery in August. Also, the ABB guy who is speaking at the conference made a mention somewhere near the end of September about Adam Bond joining him for his talk, so they would have had 4 weeks of testing under their belt already

And the pulse is flat again

Hi all,

I reached out to the 7x24 Exchange conference organizers and they indeed confirmed Adam Bond has cancelled. Makes me wonder what could be at stake that he cancels speaking at a conference with an important partner. Could be something larger going on? Someone mentioned the ExE weekend is held at the same time. It could be that they want to showcase the system to potential customers there. In any case, it was somewhat comforting that he cancelled himself instead of ABB cancelling him.

Speaking of ExE, does anyone know the duration of the involvement of AFC? With season 2 around the corner and positive comments all around I would expect an extension of their services.

Their websites are down that's whats different

@Sonofagun Fully agree. Just to put things into perspective:
AFC Energy: -26.05% past month
ITM Power: -28.19% past month
Ceres Power: -22.79% past month
Ballard Power Systems: -22.89% past month
Powercell Sweden: -29.64% past month

All promising companies in this sector are down, so please remove your tinfoil hats and stop with the conspiracy theories about the AFC BoD orchestrating some large smokescreen with insider buying to cover up their 'giant failures'

@Pandy2 with these kinds of companies its really hard to say. About a year ago when the company was at a similar share price in November and was rising fast to 80-something p in December they weren't even close to having the partners, tested technology, and sales potential. Yet, here we are with a falling share price. In the end its all about hype. Volumes were much higher and renewable energy has been really taking a pounding this last year even though prospects for renewable energy in the long term have only gone up

Without any downside its of course very easy to agree to these options @AGL71

@Bombay I think they have been granted the options, but not yet the possibility to exercise them

Interesting options clause for the directors. They can only exercise them when the company has an EBITDA of 2m pounds during a full-financial year. Of course this could be whenever, but its good to see these performance clauses included

I would love to see some confirmation from the market as well, but as we've all experienced right now (with AFC and this sector as a whole), this is not grocery shopping and it takes a lot of time. Perhaps the product is not yet fully suited to the market, perhaps the market (giving that fossil fuels are still cheap and there is no perceived urgency to make large commitments towards sustainability) is not yet fully suited to the product. In any case AFC have a ton of money in the bank which should keep them afloat for multiple years. To me this is one of the main reasons to stay put and buy in. Worst case I get out with the SP at 60, best case AFC is able to get their foot down in the market and the company generates value

"12 hours sun with 16* 1x1.6m solar panels roughly enough to make 1kg K2 (I welcome any correction here!)"

Where did you get this Anne?

My 2 cents. They look like regular 1.70x1.00m systems, about 12 of them. The least efficient systems provide about 250kw per hour, so 12x250 panels=3Kwh. A kettle uses about 2-3kw per hour as well, so in terms of power usage, they provide the power to run a kettle from sunrise to sunset (assuming constant efficiency). However, don't get too carried away by this comparison. A desktop computer uses about 100w per hour, so up to 30 times less than a kettle.

I don't know the power input of the AFC Energy system

To be fair they mentioned H2, not 'the coming weeks'