Member Info for haggismchaggis1

BAS,

If they started with 99.999% purity, in a week there wouldn't be any degradation and performance would be at the max. Swap that to 99% purity for a week and there still shouldn't be any degradation, and no noticeable difference in performance (you'd have to be looking at the millivolt level to maybe see something), a week later swap to 97.5% where it would be more likely to see a minuscule change in performance (litres of fuel in vs output) but still no degradation.

You wouldn't do it the other way round, as you'd be more likely to skew the results of the 99.999%.

Piscator1,

Nice, thanks for sharing!

I decent unbiased write up I'd say.

With reference to my post of 18 Aug, the rounded bottom continues nicely, as seen in my updated chart on the link below.

Chart:
https://ibb.co/6nLNGBP

Rounded Bottom description:
https://www.investopedia.com/terms/r/roundingbottom.asp

BAS,

They could start on high grade H2 and each week run on a lower grade. This would prove the point that the system can run on lower grades of H2, it proves nothing as far as longevity goes but AFC will have that data from the lab. I'm not sure what data they would want from this system other than:

1) Does it work?
2) Does it provide power at flexible demand-led levels?
3) Has the fuel to power ratio changed in 6 weeks?
4) Has it stopped working at any point?
5) Has it shown any error messages in 6 weeks?
6) Has there been any degradation to any of the cells in 6 weeks?
7) Have all 4 stacks performed within expected tolerances for stack performance?

Some of those would not allow them to change the fuel grade.

The emergency stop is the red button with a yellow backplate, not the big round thing in the recess below it with a red rim, which is probably a connector with a protective cap on it. Maybe the guy commenting on the post has got them mixed up. AFC will know the regulations very well, and I'm sure it does conform to those.

Look at the estop buttons on BP Pulse rapid chargers, they look pretty much the same to me, a red emergency stop button in a recess, so no idea WTF he's claiming is wrong with it.

Compare....

https://bpchargemaster.com/polar-network-pricing-and-access-changes-from-5th-august-2019/

https://media-exp1.licdn.com/dms/image/C5622AQE3qAYijcYzlA/feedshare-shrink_2048_1536/0/1665003321352?e=2147483647&v=beta&t=jGTcofPSUmA_WOnJXzZYPkNCOR419hgV4gmAXQ6xFS4

gaslady,

That's 19.34km per month. As we're only going 35km that is less than 2 months. I'd allow 3-4 months in that case, which fits perfectly with having first gas at the start of 2024, presuming Ch-1a is drilled and tested by mid 2023 prior to the TPDC giving the nod to start the pipeline installation.

Can't imagine AFC sending them the Ikea version :-D

I'd say they must be AFC employees, as they would be the only one's currently with the knowledge to assemble a Power Tower.

Also, it just crossed my mind, the Power Tower uses the S Series technology, so Acciona's validation of the Power Tower is also a level of validation of the S Series stacks.

We have a 100kW S Series to deliver to ABB by year end. The Acciona validation is likely a trigger for completion of that system in the not-too-distant future too.

Acciona advise they are very happy with the Power Tower, then very quickly Keltbray get delivery of their Power Tower. Mace delivery imminent I'd say.

I'm liking this branding by AFC, with the Acciona one having Acciona branding on it, and now the Keltbray one having Keltbray branding! It's very professional and no doubt pleases the client to have their own branding on it for when the publicity about it goes out.

Fourleaf,

Excellent find! Great news and pictures of our Power Tower! Thanks for sharing!

gaslady / bullfrog,

Excellent news! Thanks for posting!

So, we have ARA spudding CH-1a in November, with a rig pretty much guaranteed to be a lot bigger and better than the Caroil 3 rig that AEX used (see the list of Sakson rigs I posted this week). A lot less risk there I would say (of issues with the gas pressure that we had at LK-1 and NT-2), and an example of how professional ARA are.

TPDC are already working fast to get the pipeline plans in place ready for first gas from Ruvuma ASAP. They are not waiting for CH-1a to hit gas, they want to be well ahead of the curve (a first for Tanzania and TPDC I'm sure!).

I see this news as very material to the AEX valuation, because it removes all of the doubt and risk as to who will pay for the pipeline, and how quickly that pipeline will be built. Going by the articles it's pretty clear to me that the pipeline will be in place ASAP, with the go ahead to start work likely being given the instant the CH-1a gas flow results reach the TPDC Directors desk.

We still have a lot of potential for the imminent 3D results to increase the multiple CH-1a and CH-1b targets, and the subsequent full field 3D results increasing the total for the Ruvuma development.

Investors should be like TPDC, don't wait around sitting on your hands, this is happening and the time for action is now, not in 6-9 months' time. As I said recently, investing in AEX is actually investing in ARA, because they are doing everything, AEX just report their progress to us.

And all this on volume of a minuscule 3 million, less than 1% of the stock in issue.

Imagine where it'll go on good news with 50m or 100m traded in a day.

Whereas ColdFishPie is an absolute failure.

A direct competitor maybe, but viable competition to AFC's systems, not a chance!

"PEM kapalinou chlazený"

Which in English is 'PEM liquid cooled'

As it's PEM it has all of the same drawbacks that AFC designed their Fuel Cell to avoid, such as expensive precious metal catalysts, high pressure (system efficiency loss), and has to use expensive 99.999% purity Hydrogen (where as I posted yesterday, AFC's can take 75% purity Hydrogen including that from dirt cheap cracked Ammonia).

Another one for the bin, as no point getting distracted by yet another expensive PEM system.

"Several exemptions and thresholds apply to certain market participants, for instance custodians and market-makers."
"If you are unsure about how a rule applies to a given set of circumstances, seek professional advice."

https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/shareholding-notification-disclosure

Heath,

97.5% from cracking ammonia might be the case after gas clean-up, but AFC can take it at 75%, so presume that level is without gas clean-up.

"AFC Energy’s patented Alkaline Fuel Cell affords the flexibility of using low grade, cheaper hydrogen streams (in some cases measured as low as 75% when cracking ammonia) with the opportunity to displace precious metals either entirely or to a greater extent than alternative low temperature fuel cells in the market today. Critically, this can all be achieved without a loss in either performance or efficiency."

Page 18 of the 2020 Annual Report.

https://www.afcenergy.com/media/teklol1s/afc-energy-annual-report-2020.pdf

Jetty,

Absolutely!

ARA have shown they are leagues ahead of AEX when it comes to this kind of work.

AEX have mostly been Geologists or Scientists, not Programme Managers or even Project Managers at this scale. Just look at how ARA were already planning to send the rig and well head to Tanzania well ahead of the spud date, and how they recruited loads of locals to clear the seismic paths and other tasks. I have zero concerns when ARA are running the Ruvuma development whilst AEX just report on progress.

Anyone looking at investing in AEX, you are actually investing in ARA.