Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
AFC getting pr coverage as a potential beneficiary of the lack of UK EV progress parliamentary report (along with CWR and PPS):
https://www.proactiveinvestors.co.uk/companies/news/942424/electric-car-sales-in-the-uk-have-to-grow-faster-says-parliamentary-report-942424.html
I read this as arguably AFC (AEM) can end up being the winner over PEM technology.
E.g. Ballard are providing a fuel cell for the first UK train: https://twitter.com/ballardpwr/status/1360259661610557442?s=21
Won’t be long it seems until AFC solid cells will be making their mark in rail, maritime, stationary high density applications too. At a lower cost!
Surely any practice runs at each location will see the cars also powered by AFC. It will be a pretty baseless claim of 100% clean energy if they can’t use it for their test runs prior to race weekend and end up with diesel gens in these locations. Can’t see it happening myself. This was a brilliant article that’s been shared, but admittedly doesn’t specifically cover power prior to race weekend: https://www.alt-drivemagazine.com/insights/tech-insights-how-does-extreme-es-hydrogen-fuel-charging-system-work
This is the account for the Second Officer on the St.Helena. Nice video of the AFC fuel cell in a white container sitting pride of place at the bow of the ship on full display:
https://www.instagram.com/p/CLrFhUwLO8h/?igshid=pop0kzl1du3i
I absolutely bloody love (and sometimes hate) this share, I mean the fun of tracking a cargo ship around Merseyside and on through the Suez Canal and off to Saudi to get there in time to allow 2 weeks of solar power to create enough hydrogen to then charge our first commercial fuel cell order to power a global EV off road racing series whilst waiting on news of how our other first commercial orders are going down in Spain and Germany along with manufacturing deliveries from the Middle East and subsequent sales into worldwide markets whilst also dabbling in the green supply of hydrogen itself through patented alkaline technology let alone powering actual ships one day which might set sail under actual AFC power for ExE series 2022 next year...
Haha Croqman, you’re not getting old, you’re posting TikTok accounts (too many genZ and shorters for my liking!), I must have missed it for all the noise this week. Liking a return to a more digestible board this weekend and some decent posts these next two days
If anyone’s on Instagram then this is the Impact Correspondent for ExE on board the St Helena for the next 11 months and posting very regularly through Instagram Stories, all the movements of the ship, loading, DJ set up on board etc
https://instagram.com/izyofficial?igshid=1sc742hzxef56
And Plug have lost over 20% since announcing the Acciona JV this week!
A week ago the L&G Hydrogen Economy UCITS ETF was $2.2m. It’s been building daily and now states $99.8m assets under management. But still only showing the initial portfolio holdings of $500k invested. Which doesn’t include AFC in their initial list, admittedly, but I’d really like to see an updated portfolio now. Will that include AFC I wonder?
https://fundcentres.lgim.com/at/professional/fund-centre/ETF/Hydrogen-Economy#Overview
The 6 o’clock did at least have “100% clean energy” on a strip across a car windscreen which the BBC clip dwelt on for a second... might get a second glimpse if there’s a 10 o’clock showing
The Acciona-Plug 50/50 JV requires an initial planned investment of over $2bn. Plug are supplying electrolisers, not fuel cells. This is about providing green hydrogen. AFC’s trial is to use both hydrogen and ammonia as fuel, to test the AFC H-Power fuel cell in construction. These things aren’t entered into overnight. Watch and wait... AFC is an alkaline system, not PEM and if the cost-efficiencies talked of can be demonstrated, then you’d struggle to justify a more expensive PEM system over AFC
Their boats still launch in June. Testing was scheduled for Greenland in August (when ExE happened to be there as per race calendar). It’s now shifted to testing being in October. Well, 2+2=5 perhaps but ExE is in Brazil in October and is it possible the Amazon could also be a test location for electric powerboats? Which could still mean potential for AFC to be involved in powering this series too? Maybe too many mangroves...!
https://www.powerboatracingworld.com/uim-e1-series-partners-with-boat-builder/
I’m reading Dr Rendall’s appointment as being a firing shot across the bows of PEM fuel cells of the likes of Ballard etc. It talks of his experience with Power Cube as a PEM cell and the challenges of system economics there. And goes on referring to ammonia as being one of AFC’s key strengths. It’s the alkaline technology as a usp here (yep, the clue’s in the name!) and he looks forward to AFC’s “success as low cost provider of fuel cell power systems." Is it possible we now start to enter a battle of the fuel cells where alkaline cost-efficiency is to be more aggressively marketed?
On the “50 days to go” video it’s the first time I’ve seen the AFC logo on the sponsors bar along with EY, Continental etc. Clearly they’re not a cash sponsor but there’s two way value and we don’t know what they’re paying AFC. But I do wonder where the fuel cell will be situated at each race? In the paddock, under a gazebo? Or right bloody out there in the Saudi sand to prove a point?! 49 days to go...
Right on the roof: “100% CLEAN ENERGY” “AFC Energy” logo.
https://www.extreme-e.com/en/news/184_Extreme-E-and-AFC-Energy-complete-hydrogen-fuel-cell-system-ahead-of-first-race.html
You and I, part 2
Now that’s a video set for the AFC Stage at Worthy Farm!
Totally agree Agusta, there’s a huge amount to wait for just a little longer. I’ve been invested “only” 6 years now, and I hadn’t bought any further shares for ages, years even. If just 6 months ago I’d been told I’d start averaging up by buying once more rather than selling at these prices (eg 62p top up last week) I’d have thought I must be mad. But news and outlook is changing everything.
The Zeus interview is useful today. They’re clear that the year end report next month won’t say very much so let’s not get too excited about that one, and it will still show a loss of course. But equally, Mike Allen at Zeus goes on to say the catalyst for the next move up will be yet further strategic partnership announcements (we’ve heard AB say ABB was the first of many proper tie-ups, and have only had Ricardo since), left-field announcements, ExE PR, along with confirmation of the first material orders from ABB, Ricardo or elsewhere which may come at any point in the exciting months ahead. This will see us climb towards the £1.91 and beyond. Sounds as if they’ve been really conservative and excluded a LOT from their valuation.
This is where ABB’s footprint/market-share as a manufacturer for various UK chargepoint providers is crucial:
DfT answered this in Nov 2020 recently:
https://questions-statements.parliament.uk/written-questions/detail/2020-11-11/114124
We know that BK Gulf can do 100s of systems. Surely De Nora also have no issues in supplying electrodes. Plenty of capacity for the next couple of years given the Dunsfold RNS 23 Nov. The shift to the solid system taking over is clear, stating expectations to deliver 2mw per 40ft container which with their current 100 units capacity gives 200mw pa (come end of 2022). Suggestion is also that mass production of AlkaMem also possible in the hanger alongside other customer orders but that particular manufacturing strategy for the membranes is under review. Then there’s the regional hubs model. When it gets to the point that they’re so swamped they need to license it out, I don’t think we’ll be needing to worry but can’t see capacity constraints being a reason for lost sales any time soon. So exciting to read these RNS updates in detail again, the penny just keeps dropping further with each read!