Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Yes last year 2020. Arcola are mentioned on the speaker line up there. Seems they have contracted Ballard Power for a PEM cell to power Scotland’s hydrogen train delivered Nov ‘21 this year in time for Glasgow COP. https://twitter.com/ballardpwr/status/1348990013653065728?s=21
AFC’s Alkamem and HydroX (S) solid should make that look a premature purchase decision but really looking forward to an update here on all things rail/maritime etc.
From Sunak’s recent spending review - £1.9 billion will be spent on charging infrastructure and consumer incentives, of which includes £950 million to support the rollout of RAPID EV charging hubs.
I’m wondering just how much of UK market is ABB involved in?
From some initial googling:
Engenie - ABB hardware
PodPoint - ABB hardware
Chargemaster / Polar (now BP Pulse) - ABB hardware
Instavolt - ChargePoint hardware
Tesla - (proprietary?)
ChargePlace - (partially) ABB
Shell - (???, ABB Shell contract in Singapore)
Ionity - ABB
I very much stand to be corrected and it’s not an exhaustive list. Obviously only a minority of locations will be grid capacity constrained/off-grid i.e. AFC’s market, but even a small % of that is decent.
Did I see that the Zeus valuation calculates ABB-AFC global potential without UK market included in their £1.91 (more US, Canada, EU etc)?
I’m spending all weekend at the hip-hop stage “Run-(by)-A.F.C.”... I forgot my coat!
I’m spending all weekend at the hip-hop stage “Run-A.F.C.”... I’ll get my coat!
Just shows the value of events. Their Japan Olympics contract is worth £299m. Ok that’s a big event, but it’s just one. I’m still looking forward to the Glastonbury 2022 AFC shareholder investor relations festival ticket prize draw allocation!
Pretty sure Jesus did something similar cracking water, but ended up with wine!
Water, cracked into hydrogen... look at the launch video:
https://www.extreme-e.com/launch
Skip to 20 mins in and watch them explain. But doesn’t say exactly how the crack it. But starting with water not ammonia...
Well ExE are in Greenland for 28-29 Aug 2021 race. And as for E1: The hull will be unveiled on World Oceans Day next year (ie. now 2021)– June 8th – prior to the first on-the- water testing in Greenland in August next year. Would love to know who’s powering those boats in Greenland this August if it’s not AFC!
Today’s Proactive video - wow!!! I’ve seen the references to marine but felt like we were given some strong hints today. Listen in around 6:10 on the video re. Ricardo and marine. AB previously talks about alkaline and ammonia meaning AFC’s strength is cost efficiency. And shipping lends itself perfectly to that.
1/3 of the WORLD’s ships (not just cargo, ships in general and cruise ships a big part here docking in city centre ports and destroying cities’ pollution limits) can be decarbonised through the adoption of ammonia as a fuel, as a carrier of hydrogen.
Haggis think it was you who posted about MSC and Hydrogen Council. AFC will be talking!
I guess it’s an investment by Ricardo into their own hydrogen capability. But their area of focus is clearly where AFC overlap and will (hopefully/presumably) be using AFC proprietary tech as part of that, having already submitted joint solutions to Ricardo’s clients. It could well be this just goes to ground for several months but I think we’ll be seeing benefits of the partnership in the form of orders in future.
In addition to Ricardo’s £2.5m own facility investment yesterday, we shouldn’t forget this:
Following several months of engagement, the two companies have already jointly submitted proposals to Ricardo clients, addressing particular client needs pertinent to grid instability and the need for zero emission alternative power.
Seeing ExE delivered yesterday is a powerful marker.
The AFC branding is fantastic, on the roof, for the global TV coverage this is going to achieve come Easter. Would also expect non-financial news outlets to cover this over the coming days too.
Great quote here not even about EV: “ Our collaboration with Extreme E provides an incredible global platform to highlight the deployment of our robust, innovative zero-emission system that will ultimately support the decarbonisation of incumbent off-grid power systems across a number of global industries including maritime, rail and construction.”
It’s a possibility with AFC and our solid cell come 2022. Rail was mentioned in the May 2020 RNS update:
“New, heavy motive applications such as shipping and rail continue to demonstrate strong interest in the high-power density HydroX-Cell(S)TM technology platform (fuelled on direct hydrogen or hydrogen derived from "cracked" ammonia)”.
Not just Porterbrook looking at it on their trains. Work underway in Scotland too. Anyone heard of Arcola Energy (private co) and their ‘A-Drive Hydrogen Fuel Cell Platform’?
https://www.arcolaenergy.com/press/arcola-energy-and-consortium-of-rail-industry-leaders-will-deliver-the-first-scottish-hydrogen-powered-train
I also think the link with ABB and Hitachi Power Grids could be interesting for AFC and rail power, but also the wider references to data centres, industrial etc
In 2019, electric vehicles in Norway were 0.3% cheaper and had 48% market share. In the UK, where electric cars were 1.3% more expensive, market share was just 1.6%.
BloombergNEF’s analysis predicts lithium-ion battery costs will fall to the extent that electric cars will match the price of petrol and diesel cars by 2023:
https://www.theguardian.com/environment/2021/jan/22/electric-vehicles-close-to-tipping-point-of-mass-adoption?CMP=Share_iOSApp_Other
Likelihood of National Grid serving that dramatic shift alone...?
On the BP item for Hydrogen Council. BP Pulse is the new name for Chargemaster. Chargemaster installed their first 150kW rapid charger in 2019; these chargers are supplied by ABB:
https://en.m.wikipedia.org/wiki/BP_Chargemaster
Also ABB and BP working together in China too:
https://new.abb.com/news/detail/15987/abb-supports-bp-and-66-ifuel-establish-bps-pilot-dc-fast-charging-station-in-china
I saw this article today about 5 min EV battery charging:
https://www.theguardian.com/environment/2021/jan/19/electric-car-batteries-race-ahead-with-five-minute-charging-times?CMP=Share_iOSApp_Other
Note this part: “The bottleneck to extra-fast charging is no longer the battery,” he said. Now the charging stations and grids that supply them need to be upgraded, he said, which is why they are working with BP. “BP has 18,200 forecourts and they understand that, 10 years from now, all these stations will be obsolete, if they don’t repurpose them for charging – batteries are the new oil.” (Actually I think hydrogen and AFC is the new oil!)
Now AFC wouldn’t be on every forecourt where power supply is sufficient (for now) but there’s got to be loads where the local grid is insufficient.
Just another example of the ABB partnership potential, be it with BP or another in the 80 countries ABB are present!
Looking forward to next week. Have been thinking about this one some more and clearly Schroders bought in on the 1 July fundraise (no surprise to anyone and surmised at the time) given the differences of this fund between May and Aug:
May 2020
Holding 5,600,00
Market Value = £1,305,000
% of net Fund assets = 0.32
August 2020
Holding 22,875,000
Market Value = £4,735,000
% of net Fund assets = 0.91
15 Jan RNS
We know they’re now below 5% and so have a holding somewhere below 33.8m shares/below £25.7m.
Not alarmed in the slightest that they took profit. Fair play. I just wonder if they sold enough to factor in some significant upside from here in order not to have to repeat the exercise just a few months away?! ;-)
Schroders are not the first and won’t be the last to make some serious money from AFC. Question is, who else?
“(1 July)We are delighted to be announcing today a significant strengthening of AFC Energy's balance sheet with growth capital from several leading institutions NEW to the Company's register.”
Happy Mondays everyone...
Thanks Klunk, Haggis, good stuff
Love it Cheekyboy, that smile on quite a few NDAs/MOUs, he’s lost count on just how many even!
Yeah I jumped straight to commercial application section!
Where did you find this, or when was it published, couldn’t see a date on the doc. But depending on who Siemens are exploring this with, and the acknowledgment for others to be involved, it’s certainly very encouraging...
Really interesting Haggis. On p. 61 of that, did you see this:
“ A sub-sector of the fuelling market is expected to develop which involves the use of hydrogen fuel cells to generate electricity for recharging battery electric vehicles at locations without an existing or adequate electricity supply to meet demand for recharging. This concept is being developed by Siemens and others. In this case, one or more 200kg/day ammonia crackers would be coupled with a hydrogen fuel cell.”
Part of a UK transport sector, of which total valued at £80bn