Member Info for haggismchaggis1

They probably didn't mention AFC because ExE have the contract with them, not AFC?

An analogy would be Continental Tyres saying how great the Brembo brakes were, which is unlikely to happen as they both supply parts for the car, but do not do it in partnership or one through the other.

Alkamem was also tested in Japan by De Nora.

https://fuelcellsworks.com/news/alkamem-technology-to-open-new-markets-for-afc-energy/

Mucksy,

AGM presentation 2019, page 13, under the heading EV Charging.

"Large number of commercial enquiries received from Japan, USA, Italy, Australia, Middle East & UK"

So some of the 50+ qualified enquiries could be in Japan, for EV Charging.

RNS Number : 8027V
AFC Energy Plc
16 December 2021

Commercial Highlights:

Commercial agreements worth £4.5m signed as at the time of this Operating Statement (incl. post year end agreements).

Strong pipeline of system sales and lease opportunities, underpinning future revenue growth.

Strengthened Contracted Revenue and Pipeline:

Commercial agreements currently worth £4.5m (at the time of this statement, including post year end contracts) reflect an increase from last year. Throughout the course of 2022, we expect this to further increase as commercial interest in our technology continues to rise in off-grid power systems.

Commercial agreements for 2022 are expected to take several forms, including outright fuel cell system sales or leases, funded customer product development programmes, and engineering fees.

Through our strategic partnership with ABB, we are engaging with several e-Mobility and data centre customers across the US and Europe and see the first £4m order placed by ABB last month as a true sign of the market demand for zero emission off-grid power solutions fuelled by hydrogen and hydrogen carrier fuels. ABB took the early decision that its product demand was to be focussed on the "S" Series AEM fuel cell system and that across its portfolio of use cases, it was the highest energy density system that would provide the greatest go to market opportunity. The £4m order received from ABB last month therefore highlights not only an early product sale of the "S" Series platform, but also fast-tracked development that will provide ABB with the operating data upon which to package fuel cell systems for client deployment.

In our 2021 interim report, we highlighted some of the challenges that quantifying our pipeline can bring in properly representing the value of projects under development by AFC Energy. Clearly, working with world class partners such as ABB means the market deployment potential is material and to put an estimate on this can be misleading, both to the positive (in overstating) and the negative (in understating). For this reason, we continue to refrain from quantifying a pipeline at this stage, however, we remain confident of achieving published analyst market forecasts for revenue generation this year.

The size of the off-grid power market, both in stationary and mobile applications, should not be under-valued and, when considered in the light of the maritime market alone, which is measured in thousands of megawatts, we continue to believe the strength in AFC Energy's addressable markets is weighted heavily towards its technology's ability to accept low grade / low cost hydrogen with a focus on that derived from hydrogen carrier fuels such as ammonia and going forwards, methanol...

Klunk,

It would be interesting to know if they are still in the loop, especially with the HFC coming soon and the S Series not far behind it.

In the article they mention the Dubai World Expo 2020, it was postponed due to covid and is currently running now. 7m visitors!
https://www.gulftoday.ae/business/2021/12/20/expo-2020-dubai-visit-numbers-pass-7m-mark

The next two World Expo events are:
Expo 2023 Argentina
Expo 2025 Japan

Of those two, AFC should be targeting Japan right now, as Japan is already moving towards Ammonia for power. Getting a company signed up for the Argentina Expo is also an option they should look at.

NEOM!!!

There it is again!!

And for those that have not seen my previous posts about NEOM, the two images on the page linked below are named 'Neom-Setting-off1-web.png' and 'Neom-Setting-off-2-web.png'.

And in the text on the page it said "Our latest unit has been despatched for another long journey. This Flex-ESS will be supporting one of AFC Energy’s most recent Hydrogen Fuel Cell deployments.", but it didn't go to Extreme E as they already had theirs beforehand.

https://www.multisourcepower.com/news/supporting-the-hydrogen-economy

IMVHO a webmaster does not name their images NEOM for no reason.

Johnny,

Well spotted! Thanks!

I wonder why stack 4 has 95 cells, and the other 3 stacks have 97 cells???

Best way to see troll posts is this:

"This message has been filtered, please adjust your filters to view"

Best way to see troll posts is this:

"This message has been filtered, please adjust your filters to view"

An international consortium behind the proposed development of a green ammonia project in Salalah in Dhofar Governorate plans to invest around $1 billion in the implementation of the world-scale clean energy venture.

Led by OQ – the global integrated energy group of the Sultanate of Oman – the so-called ‘SalalaH2’ project envisions the decarbonisation of OQ’s existing ammonia plant in Salalah and its integrated into a wider complex of facilities that will include, among other things, 1 GW of solar and wind based renewable energy capacity, and 400 MW of electrolyser capacity to produce green hydrogen and other green products.

Besides OQ, partners in the SalalaH2 project include Japanese trading and investment business conglomerate Marubeni Corporation, global multinational chemical engineering company Linde and UAE-based diversified business house Dutco. In October, the consortium members signed a Joint Development Agreement (JDA) for the implementation of the scheme at Salalah Free Zone.

In the upshot, the grey ammonia currently being produced by the existing ammonia plant based on natural gas will be decarbonized to produce green ammonia – a process envisioned to take place over several years. Upon the completion of this process, all of OQ Ammonia’s 1,000 metric tons/day capacity of grey ammonia will become green, at which point the export of grey ammonia from Salalah will cease, he noted.

At the same time, the consortium will explore opportunities for the use of green hydrogen from the SalalaH2 project in local industry and mobility applications. Longer term, the potential to liquefy and export green hydrogen will be studied as well, he stated.

https://www.zawya.com/mena/en/business/story/1bln_project_to_create_green_ammonia_export_hub_in_Oman-SNG_269454940/

As Dutco are part of this group, then it opens up the heads of agreement with DNR Industries Ltd to do what was agreed way back in 2015, before AFC had commercial Fuel Cells to install, which they created 4 years later. There's a reason Dutco were chosen over UK containerisation companies IMVHO.

https://www.energyvoice.com/renewables-energy-transition/93952/afc-energy-agrees-fuel-cell-deal-for-middle-east/

By offering the HFC as a Hydrogen system, and offering these on lease, I would say that AFC hope to get several big orders over the line ASAP.

HFC benefits to early adopters:

1) Easy to source fuel (not much to work out on the logistics, as it's available everywhere)
2) Fuel is well known by existing FC engineers, installers and support staff (which may just be electricians or gas engineers trained on Hydrogen FC's)
3) Lease offers low cost to clients, they don't need to commit to big CAPEX costs until they have used the FC's for a while and want to place an order for ownership
4) Lease is good for clients' tax, some will stick to this long term
5) Lease allows for system swap out later on when the Ammonia or Methanol integrated systems are available, in the meantime AFC can train clients' engineers, installers and support staff to use the new fuels
6) Generator hire companies could be very attracted to the lease option. This would be great for MACE, Acciona and possibly Altaaqa

The L Series is still highly suitable for many locations, it is also available right now as an Ammonia solution, whereas the S Series and HFC are not, so if anyone was planning a deployment with Ammonia, where space is not an issue, then they can still go ahead with the L Series.

The 50+ qualified sales leads that AFC had back in June, these were all lined up for the L Series, because at the time that was the only system we were offering (S Series not due until 2023!!). These clients are still very much in a position to use the L Series, because that was what they had planned for probably 6 to 12 months to use, they had the space for it (didn't need a compact S Series at all), they had looked at all the metrics and were lined up to get L Series. There is nothing that we know of that suddenly makes the HFC or S Series more suitable for their requirements, not a thing, otherwise AFC would have put them on the shelf with all the other S Series client profiles 6-12 months beforehand.

Unless AFC state categorically that they will no longer be building ANY L Series Fuel Cells, then the L Series is still an AFC product line, with clients waiting for it.

The HFC is our shortcut to potentially big commercial revenues whilst the AEM version is being developed.

Sales are something that all long term holders have been asking for
Traders/con men/trolls have used sales as a weapon against the bulls
We've seen the prototype stack looking nice and shiny
The stacks are being produced in Q1 2022 for delivery in H1 2022 (so some could be delivered in Q1, but AFC are not promising that)
Deployment agreements for the prototypes should start arriving any day now.

"Without the need for anion exchange membrane technology, proving times are materially accelerated and the HFC platform can be more expeditiously deployed to customer sites in commercial prototype form."

"The HFC will be deployable in Q1 2022 running off direct hydrogen"

"The HFC platform therefore provides added fuel flexibility in the product platform AFC Energy will release and we expect to see first HFC systems deployed in the first half of 2022 to customer sites."

"First deployments of the HFC system are expected to take place in the first half of 2022 to customer sites on lease terms. This way, the Company can begin monetising its air cooled "S" Series technology in advance of the anion exchange membrane being available later in 2022."

Alt-muddle is obviously here to fill the board with garbage. They only created the login today, they are only replying on Ade's thread so my guess is they are Ade or one of his mates, trying to fill the board up with meaningless posts. Klunk told them to read the RNS, but they just keep coming back with pointless questions, so the truth is they do not want answers, they want to trash this board. I've reported them as such, and now I'm putting them on filter.

The 100kW system could go to ANY of the 50+ qualified sales leads we had in June, it could be announced as going to one or delivered to one any day, even tomorrow.....

Klunk,

I disagree.

The HFC was given a MASSIVE part of the RNS of 6/12/2021, appearing at the very top of the Product Highlights section, the second section of the RNS 9near the top of the RNS).

"AFC Energy today announces a new Hybrid Fuel Cell ("HFC")
technology platform developed and confirmed within the "S"
Series range, set for initial deployment in early 2022.
-- HFC platform builds on air cooled Anion Exchange Membrane
("AEM") "S" Series fuel cell stack architecture but with
ability to accept fuelling from both hydrogen or reformed
Methanol, further enhancing the "flex fuel" offering of AFC
Energy."

The HFC is NOT a new product and does not deserve it's own RNS. It is just an altered S Series stack. It's like Porsche making a Petrol 911, then putting a diesel engine in it, there would not be a huge PR show for it because it's still the same Porsche 911, it can just take a different fuel now.

I suggest you read the RNS again, because AFC have put plenty in it about the HFC, including that it uses the S Series stack, which is a 10kW stack.

The L Series is still highly suitable for many locations, it is also available right now as an Ammonia solution, whereas the S Series and HFC are not, so if anyone was planning a deployment with Ammonia, where space is not an issue, then they can still go ahead with the L Series.

The 50+ qualified sales leads that AFC had back in June, these were all lined up for the L Series, because at the time that was the only system we were offering (S Series not due until 2023!!). These clients are still very much in a position to use the L Series, because that was what they had planned for probably 6 to 12 months to use, they had the space for it (didn't need a compact S Series at all), they had looked at all the metrics and were lined up to get L Series. There is nothing that we know of that suddenly makes the HFC or S Series more suitable for their requirements, not a thing, otherwise AFC would have put them on the shelf with all the other S Series client profiles 6-12 months beforehand.

Unless AFC state categorically that they will no longer be building ANY L Series Fuel Cells, then the L Series is still an AFC product line, with clients waiting for it.

Klunk,

Re "Has anyone managed to find the kW capacity of the HFC air cooled module ?"

The HFC uses the S Series stack, so it should be the same kW output as per AFC's S Series description:

The HydroX-Cell(S)TM is currently undergoing development but is expected to be configured as:
10kW stack for integration into third party applications as a primary or auxiliary power source; and
A MegaBoxTM configuration with a market leading 2MW of power density set for deployment within a 40’ ISO container for stationary off-grid power demands.
Other bespoke sizing options are available if required.

Dave,

Nice find!

"And also it’s obviously a lot greener than a combustion engine. With Extreme E, we also have a hydrogen generator which is charging the cars. [We’re trying to] push the boundaries and push the technology, and hopefully it’s something we’ll see more widely used in the future."

"We are definitely going to have sustainable power in the future when it comes to road cars. A lot of manufacturers are now working with EVs. So for us to push the boundaries here, it was really exciting."

DW,

Can't you answer a simple question? You tell us how great the other Fuel Cell companies are, but you won't put your money where your mouth is, why not? Surely for someone that appears to think about EVERYTHING deeply, there MUST be a reason why you don't do this, as you are telling us here that AFC are 'too late', and that means your investment is doomed too??

Your comments (rants) on here indicate to me one of two scenarios:

Scenario 1
DW hates AB with a passion
DW does not believe a single forward looking statement that AB publishes
DW believes that AB does not know how to run a listed company like AFC
DW believes that AB does not know how to market and sell AFC Fuel Cells
DW wants AB to leave the company immediately
DW is like a partner in a toxic broken down relationship, but DW won't leave, maybe because he still thinks he can get something out of the relationship, yet he is already massively in pocket having bought AFC in 2008/2009 at around 1p per share, so from a relationship point of view he already has the equivalent of the house, the car, the savings, all of the antiques, the children, the pets, etc. He has seen several others he's highly attracted to, but he still wont leave and take up a position with one of those. Very VERY strange behaviour for someone in such a great position.
Despite claiming other Fuel Cell companies have a march on AFC, that AFC are 'too late', DW will not leave AFC where if AFC are 'too late' then he is throwing away his money?

Scenario 2
DW is lying, and all his rants are based on his trading position at the time.