RE: AlkaMem etc.8 Jan 2022 15:41
"It is intended that under the terms of the Commercialisation Agreement, AFC Energy will work alongside HiiROC to deliver a prototype unit through 2020 which it is supporting through an investment of £100,000 into HiiROC's scaling up programme, payable in AFC Energy shares, plus up to £300,000 worth of engineering, instrumentation, testing and associated support over eighteen months. In return, AFC Energy will have pre-defined rights including an initial reduction in hydrogen cost from the system, cumulatively valued at £2 million, and access to the technology for deployment in a number of applications, including exclusively in EV charging across the UK, Europe and other locations."
From HiiRoc partnership announcement in January 2020 and absolutely nothing since. Was that £400k just wasted? Too many development projects just disappear into the ether with AFC never to be heard of again. Will the HFC as announced in the EOY report go the same way? Who knows but the track record on delivering anything through to fruition is risible. Things need to change and rapidly.