Member Info for haggismchaggis1

DW,

If you hate AB and don't believe he is going to succeed, why are you still invested, considering you bought in when I did 12 years ago and must be sitting on a HUGE profit? Why don't you take your money and go put it all into CWR, ITM, PPS, BE, BLDP, FCLE and PLUG?

I can't wait to find out...…..

Oh yes, many way worse, many act far less professional, many are clueless, many are just looking for a gravy train, etc.

If DW was even close to the truth, when AFC raised over £30m, twice, AB would have been pushed out by those pumping the money in, he wasn't, so those with the £60m+ must have a totally different view of AB and a very positive one, so I'd rather believe their point of view than that of a disgruntled small investor that has many misconceptions about how AFC should be run and is being run.

Oh yes, many way worse, many act far less professional, many are clueless, many are just looking for a gravy train, etc.

If DW was even close to the truth, when AFC raised over £30m, twice, AB would have been pushed out by those pumping the money in, he wasn't, so those with the £60m+ must have a totally different view of AB and a very positive one, so I'd rather believe their point of view than that of a disgruntled small investor that has many misconceptions about how AFC should be run and is being run.

Mucksy,

Nice one!!

And AB has never promised anything, all he's done is exactly the same as any good CEO of a small cap coming out of R&D would do, take a best guess at when something might happen, based on:

Product development status
Product cost at low, medium and high production rates
Clients' requirements
Clients timelines
Clients budget
Feedback from salespeople on progress made and expected with clients
Advise the market of what is expected based on all the information to hand

One thing is guaranteed, and that is, if DW or Daz were running AFC it would have gone into administration a long time ago.

"Started too late" implies we are too late to get a decent cut of the market, when the truth is the market has really only just started.

DW get a grip FFS.

None of the other FC companies have made any meaningful inroads into EV charging
None of the other FC companies have made any meaningful inroads into building site genset replacement
None of the other FC companies have made any meaningful inroads into the marine sector
None of the other FC companies have made any meaningful inroads into the trains market

AFC also have Alkamem that can replace Nafion in other fuel cell companies PEM fuel cells, plus several other markets

Best to ignore DW's rants, they are very distorted 'tunnel vision' views.

Model S was 2012, but the point is the same, EV's are only now taking off into the big time.

Saying "AFC has started to late" is equivalent to saying "Tesla started making cars too late" when they started in 2003, only put the Model S into production in 2015, and EV's are only now kicking off into the big time.

DW says "AFC has started to late", what an absolute load of tosh!! The Hydrogen economy is very nascent and is only now kicking off into the big time. AFC could not be better placed now that it has commercially available fuel cells!!

On top of that, AFC started in April 2007, 14.5 years ago, so it actually started way too early, if you take away the fact that there was a huge amount for R&D to do along the way.

Junior,

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 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

Link with no subscription needed.

https://www.zawya.com/mena/en/business/story/Abu_Dhabi_ADQ_Alpha_Dhabi_to_invest_375mln_in_OCIs_methanol_unit-ZAWYA20211123044819/

Altaaqa are going to be busy boys and girls!

Not only is NEOM being built, but "Saudi Crown Prince unveils $20bn plan to transform Jeddah"

The ambitious project will be built on 5.7 million square metres of land overlooking the Red Sea and will be financed by the Public Investment Fund alongside local and international investors, according to the Saudi Press Agency.

The launch of the master plan comes as part of the Crown Prince’s efforts to develop all regions and cities of the kingdom, it added.

The project envisions the creation of a world-class destination overlooking the Red Sea in the heart of Jeddah and will further strengthen the city’s economy, the Crown Prince said.

The Jeddah Central Project is expected to achieve an estimated added value of SR47 billion for the kingdom’s economy by 2030 and will include four main components – an opera house, museum, sports stadium and oceanarium.

In addition, the city will benefit from the development of residential areas, encompassing 17,000 homes and hotel projects that offer more than 2,700 rooms, as well as integrated solutions for the business sector.

The project will also feature a marina and beach resorts, restaurants and cafes and retail offerings.

The waterfront of the project will be 9.5km long, which includes a promenade, a marina and a 2.1km long beach.

https://theglobalsearchcompany.com/saudi-crown-prince-unveils-20bn-plan-to-transform-jeddah/

Mucksy,

It wouldn't surprise me if it was left there for a few weeks. The next ExE race isn't until Feb 2022, so ExE don't need it for a while.

Klunk,

Very interesting, thanks!

Great that the AFC system was still used, albeit with the Hydrogen shipped in. That means the Army could still see it in operation, as could any important people invited to the final (there were LOADS of people there at the end, I'm guessing AB was there).

Ok, I can now see that they split the battery pack between the two motors. Max output of 275kW (per motor) was tested and caused overheating, so they went back to 200kW.

https://dirtfish.com/off-road/extreme-e/the-extreme-e-reliability-issues-arctic-x-prix-exposed/

This is confirmed on the ExE Website with the following:

"The championship cars are a one design fleet, a fully electric SUV, named ODYSSEY 21. In order to withstand the harsh conditions it will face, the car’s peak 400kw (550bhp) output is capable of firing the 1780-kilogram, 2.3-metre wide e-SUV from 0-62mph in 4.5 seconds, at gradients of up to 130 per cent."

Battery Capacity 40kWh of usable energy
Twin 250KW motors (550bhp equivalent)

https://www.extreme-e.com/en/the-car

So the theory still applies. If they can discharge without overheating at a total 400kW (200kW front pack, 200kW rear pack) then they should be able to charge at 150kW (75kW front, 75kW rear). That would give them say 35kW in 14 minutes.

Mucksy,

I've not seen that. We know they are 550kW power output vehicles, meaning the batteries are discharging at that rate, so I'd expect them to easily handle a decent rate of rapid charging like 150kW without overheating.

The AFC L series system at EXE is way lower than that, but an HFC could do it and still be much smaller.

Shareholder group pressures U.S. banks to drop fossil fuels faster

Dec 16 (Reuters) - Climate-focused investors are calling on the major U.S. banks to quickly scale back their financing of new fossil fuel development, saying current commitments by the banks to curb global emissions are not enough.

The investors have filed resolutions to try to bring the matter to shareholder votes at the annual meetings of the banks in 2022, according to documents seen by Reuters.

Banks receiving the resolutions include the nation's six largest by asset size -- JPMorgan Chase & Co (JPM.N), Bank of America (BAC.N), Wells Fargo & Co , Citigroup Inc (C.N), Morgan Stanley (MS.N) and Goldman Sachs Group Inc (GS.N).

All six have already committed to curbing global emissions. The resolutions from members of the Interfaith Center on Corporate Responsibility (ICCR) go further, effectively seeking an immediate end to the financing of new fossil fuel development in line with calls this year from global watchdog the International Energy Agency.

https://www.reuters.com/business/sustainable-business/exclusive-shareholder-group-pressures-us-banks-drop-fossil-fuels-faster-2021-12-16/

stonker, not sure where that came from! 'stronger' !

Mucksy,

Yeah, I was showing a friend the Odyssey 21 spec only yesterday. 40kW battery pack, 1780kg, no mention of charging speed though.

Watching the races yesterday on YouTube, the commentators were interviewing ExE senior people. They were saying that they have spoken to teams and drivers to get feedback on how to improve ExE next year, and have several things they are working on. The car will be updated in several ways (stonker parts in places, better suspension) but no mention of battery pack increase.

They could do longer races with more battery, but how long would you want to race in those conditions and how would the car handle with say another 20kW of battery weight?

I think they'd like faster charging, as that means they could give drivers more test runs to get to know the circuit. This weekend they only had one lap and then they had to start racing, I don't think that is enough and I think the drivers would be much happier to get 2 or 3 laps of practice, but it looks like they can only do that if they can rapid charge in say 30 minutes afterwards.

HFC will reduce weight and size, which reduces CO2 footprint of the series, and they can up the power of the system too, so seems like a natural transition to me.

Klunk,

""Operating data from Extreme E deployments are currently supporting wider partner discussions and future system engineering iterations"

They don't say the partners discussing are ExE, that could be any of the partners, so it's difficult to gauge from that.

As I said yesterday, ExE could get an HFC which would eventually replace the L Series. They could also increase to charging capacity and charging speed and still be way less size and weight than the L Series.

https://www.lse.co.uk/ShareChat.asp?ShareTicker=AFC&share=Afc-Energy&thread=5B5E5D88-6161-4349-92A0-E7AE6A468C58

A new Norway shipping group have gone for burning Ammonia and then using scrubbers to clean up the exhaust. This will be way more CAPEX, OPEX and maintenance than the AFC solution. What is great though, is that being in that industry and being in Norway, they will have seen the news of our ZeroCoaster project, so they have likely already realised the error of their ways.

Ammonia-Powered Short Sea Shipping Project Awarded Norwegian Funding

Norway-based Viridis Bulk Carriers and its partners have been awarded funding to help develop ammonia-powered short sea ships for the European sector.

https://gcaptain.com/ammonia-powered-short-sea-shipping-project-awarded-norwegian-funding/

https://www.viridisbulkcarriers.no/technology