Member Info for Fuelcellinvestor

...“Therefore, in challenging locations, or to supplement grid shortages, hydrogen-powered EV charging can provide a zero emission and effective alternative to diesel generators; the use of which would defeat the purpose of moving EVs in the first place.”

Frank Muehlon, President of ABB’s E-Mobility Division, added, “With the accelerating transition to electric vehicles, there is an increasingly urgent need for additional fast charging capability and particularly in cost effective areas that are not connected to the grid or where the grid is constrained.”

An excellent article from an interview with AB. This should help tomorrow.

https://www.h2-view.com/story/afc-energy-discusses-hydrogen-fuelled-e-mobility-charging-and-its-newly-secured-4m-fuel-cell-system-order-with-h2-view/

ABB is set to use hydrogen fuel cell technology to power its high-power e-mobility charging stations, having today (Nov 16) placed a £4m ($5.3m) order with UK-based AFC Energy for its “S” Series system.

Scheduled for delivery in early 2023, the first 200kW “S” Series system, which can be fuelled with either hydrogen or ammonia, will be housed in a container to provide ABB customers with zero-emissions charging infrastructure.

To deliver the green charging option, AFC Energy’s alkaline fuel cell technology works by the electrochemical combination of hydrogen and oxygen in a non-combustion process, essentially converting chemical energy into electrical energy.

“The HydroX-Cell(S)™ offers a currently density repeatedly demonstrated to achieve levels equal to or greater than alternative high-power density cells in the market today,” Adam Bond, CEO of AFC Energy told H2 View.

The order is the latest in a series of AFC Energy, ABB announcements and follows the successful delivery of a fully integrated charging system at ABB’s facility in Estonia back in the summer.

Speaking to H2 View about the long-standing relationship, Bond continued, “In December 2020, AFC Energy began a strategic partnership with ABB to develop and launch a bespoke high power electric vehicle (EV) charging product for distribution through ABB’s market channels from the second half of 2021.

“ABB’s commitment of working with the company was further strengthened in April 2021 via a strategic investment into AFC Energy and via the signing of a new development agreement specifically relating to the burgeoning global data centre market.

“The strategic partnership aims, therefore, to leverage respective company technologies with regards to AFC Energy’s zero emissions, high efficiency fuel cell technology, alongside ABB’s energy storage and market leading DC high power EV charge points.”

ABB entered the EV-charging market in 2021, and to date has sold more than 17,000 ABB DC fast charging stations across 80 countries; but what are the benefits or hydrogen-powered electric vehicle charging?

“We are already seeing numerous cases where the local grid operator is unable to meet local EV charging point demand and so those operators of the charging states are approaching AFC Energy to support their EV charge point aspirations,” Bond told H2 View.

“For example, charging the 23.3 million EVs we are expected to have in 2032 would eb the equivalent of powering every UK household for two months. This aggressive predicted ramp-up is echoed by the IEA, who have precited as part of its Sustainable Development scenario that 230 million EVs will be on the road globally by 2030...TBC

Seemingly, the sellers are not done yet. The number of shares available is quite mind-boggling, especially given all the shares traded in recent weeks at this level or higher. Why AFC has to always be hounded by these aggressive sellers is beyond me but it can't continue forever at these volumes and the US sector seems to be stabilising again which might help (with Plug even up a little).

Whilst it is a bit surprising that the sellers continued to sell aggressively into the rise after the key announcement this morning, the volume today of over 9.4 million shares already is the largest in 6 months (since over 14 million on 21st May) and it looks like this might just have been enough to finally clear the sellers out. If this is the case, and if AFC is able to deliver some of the other news that it alluded to in the last update, then we could be in for a very interesting end to the year.

No, a rubbish post. ABB are paying £4 million as a contract and have an additional option to exercise £4 million in warrants at 58.8p. Trying to hold back the SP for some reason?

For me, it is still all about derisking at the moment. If the company performs as hoped then the SP will be at multiples of the current level, as suggested by the broker note, but in the meantime the company needs to deliver on its commercialisation plans i.e. test units, new products, partnerships etc. It has been a long period of silence but today's news was much bigger and better than I was expecting after the extended silence and it looks like AB had a plan afterall despite what many people suggested.

As a reminder, after the recent Research tree deal, everyone can read the notes:

https://www.afcenergy.com/investors/research-feed/

Great to see Zeus straight on the case and amazing that nothing leaked beforehand by the look of it:

ABB order and warrant subscription

AFC Energy has announced a £4m order for a fuel cell system from ABB. It has also granted warrants to ABB to subscribe for 6.8 million new shares at 58.8p (Friday’s closing level). If exercised, these would give AFC Energy another £4m in fresh equity. The announcement is very positive news, representing a significant endorsement of AFC Energy’s technology. We anticipate the shares will react well to this as it not only significantly de-risks our 2022e forecast but also endorses our investment thesis, which was refreshed in September and 188p valuation per share...
...Investment thesis coming through: Our last lengthy note on 13 September (A Solid future) highlighted the enormous potential for the group’s products in Data Centres and Maritime markets but our 188p per share valuation is currently based on projected sales for high power EV charging in a handful of major markets and Distributed Power for customers such as the construction industry. Adjusting solely for the dilution of the warrants would imply a valuation of 186p per share. The potential could be greatly enhanced by the improved economics of the S-series product.

I wonder how all those former/current/disillusioned/frustrated etc "shareholders" will cope with this morning's RNS. It has been a very long wait but it looks like it has finally started. Remember, AFC are expecting multiple orders, new products etc in this calendar year...

It is a bit surreal to watch the US sector companies go up about 5% whilst the UK ones drop about 5%, even without factoring in the tantalising tweet today. As ever, this opens up the possibility of a bounce back once the unexplained downwards pressure is released and/or if good news is officially released.

Yet the SP still drops. 57.4p now, despite decent buying pressure. AIM really is a bizarre place at times but nothing to worry about of course !

Good spot. Being an individual partnership agreement that is being tweeted out by the official account of the government of Abu Dhabi, this surely warrants an RNS. Over to AB et al, who have perhaps been busier than people assumed at COP26,

Croqman, how many times do you need to be told that people can easily open a short position. I could do it right now if I wanted to on my CFD account. Telling me countless times that you are an expert in the financial services sector and that I am wrong will not change that fact. Add in the reality that people do all kinds of murky things on AIM, and generally get away with it, and you can see why I do not appreciate your opinion on this.

PS, the same logic can be applied to the rampers (who may well be the same people, sometimes with different usernames) on days when the SP is rising strongly.

Of course there are people on here who are deramping/shorting the stock. Some pretend to be disgruntlled shareholders, some openly admit that they are doing it and some change their mood depending upon their position. The only questions are whether they work as a pack or individually and, either way, whether they are effective. Logic dictates that it would make sense to work as a pack and that at least some of them make some money oud of it, as there would be no point otherwise.

Clearly, many will try to convince you that this is not the case, as this suits their narrative, but the reality is that this board would be a far better place if they were not able to take it over on days like today, regardless of what effect that would have on the share price, although I strongly suggest that the share price would be far less volatile and probably higher without them too.

I see that nearly the full bashing/shorting crew is out today. Strange how this happens each time that the sector is under pressure. Nothing fundamental has changed since yesterday or the day before. The volume of trades and nature of the trades do not justify the drop back in themselves. No doubt they are all waiting for the next buy signal, whatever that might be. Rinse and repeat, as enough people fall for it every time.

None of this removes the responsibility from AB and his fellow directors to deliver but the end of year report should provide proper guidance, as opposed to the fear and propaganda spread by the parasites on here.

I posted the Surrey University story back on 28th October but there is no harm in posting it twice. I look forward to the day when AFC actually starts to tell us these sorts of things themselves rather than having to find them ourselves. I had hoped that the Head of Communications would do that but sadly not!

There are certainly some big names in the credits so it doesn't appear to be a load of startups. This is at least the third or fourth time that a government department has released a video involving AFC in some way but it does seem that this one is of a very different scale. I also note that Ricardo and Urban Airport are in there so perhaps there are links to AFC with of those partner. Let's see what the event tomorrow brings but there must be a chance that AB will be there....

The Fool writers are continuing to focus on AFC, with their optimism continuing to rise. Given that some previous negative bashing articles seemed to coincide with selling pressure, I guess it can't hurt the SP. Spelling "Surrey" right would help though.

https://www.fool.co.uk/2021/11/09/invest-in-renewable-energy-today-with-these-5-green-companies/

AFC Energy
Another hydrogen company on my radar is AFC Energy (LSE: AFC). This Surry-based company manufactures the fuel cells needed to turn hydrogen fuel into electricity. I’m particularly bullish on AFC because it has a patent on alkaline fuel cells. Alkaline fuel cells use lower purity hydrogen than their non-alkaline counterparts. Cars, trucks, and even buildings using alkaline fuel cells will be able to be run at a far lower cost, giving AFC a competitive edge.

On the financial side, unfortunately, AFC suffers from many of the same setbacks as ITM power: high debt and a track record of low income.

But, just like ITM, revenues are up, and are projected to climb over the next few years. The market has a clear desire for hydrogen. JCB just signed a multibillion-pound deal with Fortescue Future industries to import green hydrogen all the way from Australia.

Hydrogen power still remains untested at a commercial scale. It’s a risky investment compared to some already established technologies. What I’m betting on is that to bring down carbon emissions, firms around the world need access to low carbon fuel that can be produced and used today. I fully expect these companies to have some growing pains, but to ultimately come out on top.

Number, I am sorry to hear about your incontinence.