Member Info for haggismchaggis1

The funny thing is, when the share price does this kind of movement, several people will think they are being clever by joining in and helping the price to drop, in the hope they can buy more stock back at a cheaper price, or skim a few quid profit, but often they come unstuck when a stonking RNS appears the next day.

These people also then moan that the price is not at the broker valuation of 186p, and the MCap is nowhere near that of CWR, ITM, BLDP, FCEL, PLUG, etc, when all they have done for years is destroy the value in their own stock with their pathetic short term forking around with the stock.

Unless they are short sells, or hedging by IG Index or the like if they have a load of small short bets to cover.

jhonboy,

Ah right! Thanks!

This:
https://new.abb.com/medium-voltage/packaging-and-solutions/product-packaging

Mucksy,

Not sure where you're seeing packaging facility? Have a read of this:

https://investinestonia.com/bo-henriksson-the-great-reputation-of-abb-estonia-creates-growth-opportunities/

And they added some more as per this;
https://new.abb.com/news/et/detail/46657/abb-estonia-opens-a-factory-automation-workshop

And from that we can also see:
"ABB has been operating in Estonia since 1992. Its activities can be divided into three areas: sales (equipment, systems, maintenance services, projects), production (motors, generators, drives, compact substations) and business services (accounting, supply chain management and HR services for ABB Group companies). ABB has been awarded the ‘Foreign Investor of the Year’ title by Enterprise Estonia on five occasions and received the ‘Entrepreneurship Award’ as the best company in Estonia."

It may also be worth looking into their presence in Estonia under this name, as the AFC system is a grid-edge solution:
https://go.hitachi-powergrids.com/grid-edge-solutions

The L Series obviously is viable, or ABB would NEVER have gone to the lengths of purchasing one, spending time and money integrating it with their own EV Charger and Battery Storage and then SUCCESSFULLY testing it.

"Over the summer, both companies SUCCESSFULLY delivered a fully integrated charging system at ABB's packaging facility in Estonia. AFC Energy's "L" Series fuel cell technology was operated in conjunction with ABB's energy storage and EV charging technology for the first time, validating the operability and communications architecture developed by the companies in the first half of 2021."

If it was not viable, ABB would have skipped right past it a year ago and gone straight to the S Series with the same fast-track deal they just agreed to with AFC. Which from the below suggests to me that ABB have seen the prototype S Series FC and seen the data from it, which is why they struck a deal ASAP, not because of anything bad about the L Series.

"FOLLOWING PROGRESS MADE by AFC Energy in delivering on its new high energy dense "S" Series AEM fuel cell technology, ABB and AFC Energy have now entered into a Sale and Development Agreement ("the Agreement") for the purchase of a 200kW hydrogen powered fuel cell generator."

It would have been nice if AB had done a Proactive Investors or Directors Talk video, to confirm that the L Series will still be used by ABB, as per the agreement of December 2020.

No S Series was expected in the second half of 2021, so this could only be the L Series, and now it is built and ready to go, from the second half of 2021 as per the agreement.

"ABB and AFC Energy to develop and launch a bespoke high power EV charging product for distribution through ABB's market channels from the second half of 2021."

And the agreement is based on the L Series, not the S Series.

"The JPDA will deliver a fully autonomous, high power EV charging system capable of deployment in the UK, Europe, United States and elsewhere, building on the system launched by AFC Energy in December 2019 and showcased across the UK earlier this year."

Also, the L Series product is a joint venture, so and decision on moving ahead with the product also involves an AFC decision, and I would expect AFC to only sign an agreement for the S Series fast-tracking, if the L Series product was going ahead with ABB.

"Both companies will jointly market the integrated product across the key addressable markets and will collaboratively develop a communications strategy for system branding and deployment."

That'll be the umpteenth time that the 'village idiot of day trading' has said he'll leave this board, and as always he'll be back in a few days, unless he's finally blown all of his pocket money on his failed trading strategy of 'buy high, sell low'.

Honest Government Ad - Net Zero by 2050 (don't watch it if you don't like swearing)

https://youtu.be/1FqXTCvDLeo

I suspect AFC have been, for a long time, discussing FC Generators with UK construction companies and Diesel Genset hire companies. The closer it gets to April 2022, the more pressure will be on those companies to get an agreement in place with AFC.

Mace are on board, Acciona are on board. Any day now others could join them, they don't have to wait for Acciona to prove the point before they show their hand and get on board with the move to clean on-site power generation, just as Mace and Acciona signed deals with nobody doing the proving beforehand.

COP26 has also put huge pressure on the CEO's of these companies to clean up their emissions. Moving to white diesel will cost then a lot more, but won't cut any emissions. Based on the price of white Deisel, AFC FC Generators should be cheaper per kWh than Diesel Gensets, and with a lot less maintenance costs.

FCI,

The selling is just based on the chart, and which direction the day traders want it to go so they can cover their trading monthly costs and make enough for their bedsit rent. The last 15 minutes are mostly buys though.

Just looked again and the £10k buys have stopped, guess I spoke too soon and frightened them away LOL!!

South Korea to commercialize ammonia-fueled power generation by 2030

South Korea aims to start commercializing ammonia-fueled power generation from 2030 in a bid to reduce its heavy reliance on coal and LNG in electricity production, the energy ministry said Nov. 17.

Under the government initiative, state-run power monopoly of Korea Electric Power Corp., its electricity generating units, a state think tank as well as private utilities, have launched a task force team to use ammonia as fuel for power generation, according to an official at the Ministry of Trade, Industry and Energy.

"The ammonia fuel project is part of the government's efforts to phase out fossil fuels and reduce carbon emissions in power production," the official said, adding the country sees great potential in ammonia as a CO2 zero-emission fuel.

"We plan to complete research and testing processes for using ammonia as carbon-free power production fuel by 2027 so as to achieve its commercialization by 2030, which would effectively reduce coal consumption for power generation," he said.

"We have secured a deal to annually bring in about 200,000 tons of blue ammonia from the UAE from 2025," a company official said. GS Energy signed a contract with ADNOC to import blue ammonia, intending to use the fuel to generate electricity or crack into blue hydrogen.

https://www.spglobal.com/platts/en/market-insights/videos/market-movers-europe/111521-cop26-carbon-markets-belarus-gas-transit-adipec-oil-abu-dhabi-scrap-metal-regulation-eu-trade

I now wonder if the agreements made many years ago are still in effect, and can be ressurected at any time, giving AFC a fast start in South Korea, now that they have a product they can sell, and the S Series under fast track development.

https://www.proactiveinvestors.co.uk/companies/news/45400/afc-energy-looks-to-east-asian-market-with-new-south-korea-office-54169.html

https://www.proactiveinvestors.co.uk/companies/news/60076/afc-energy-unveils-second-korean-deal-in-a-week-70466.html

https://www.proactiveinvestors.co.uk/companies/news/66943/afc-energy-inks-landmark-50mw-korean-fuel-cell-contract-78095.html

This place looks like it was designed to be powered by an AFC Ammonia Fuel Cell Power Station, so I sent it to AFC. Considering that it appears an AFC Fuel Cell and MSP Battery Storage were sent to NEOM, then AFC could already be in the loop for this.

"Saudi Crown Prince plans emissions-free industry hub ‘floating’ on sea"

"The project, dubbed ‘Oxagon’, will feature a port and a logistics hub"

"Planners want the city to be 100 per cent powered by renewable energy and to focus on seven industries, Neom said in the news release: sustainable energy, autonomous mobility, water innovation, sustainable food production, health and well being and technology and digital manufacturing and “modern methods of construction.”"

https://gulfbusiness.com/saudi-crown-prince-plans-emissions-free-industry-hub-floating-on-sea/

AIM,

From your reply I can guess why I already have the git on filter.

Who's buying in £10k chunks?

TA for me, looking at the chart, having now broken upwards out of the triangle, I'd suggest we are at the beginning of another long run up.

On the research side, the long run up could easily be significantly boosted by sales of the L Series, and a trading update that says that Alkamem is now considered commercially developed and ready for the S Series and sale or licensing out for other uses, plus other news before Year end such as Acciona and Juelich deliveries.

Chart https://ibb.co/gSCywBT

An article here from Greentechlead. Looks like PR news from AFC, rather than the RNS?

AFC Energy, a provider of hydrogen power generation technologies, announced a £4 million order from ABB for supplying high energy dense “S” Series hydrogen fuel cell system.

AFC Energy will deliver the zero-emission power generator system ahead of schedule in early 2023.

ABB will use 200kW “S” Series system, which can be fuelled with either hydrogen or ammonia, for high-power EV charging. ABB is the global leader in the provision of EV charging solutions with a presence in 80 markets globally. ABB aims to provide high-power EV charging to its customers in regions where grid connectivity is absent or constrained.

AFC Energy delivered a fully integrated charging system at ABB’s facility in Estonia when AFC Energy’s “L” Series fuel cell technology was successfully operated in conjunction with ABB’s energy storage and EV charging technology.

The “S” Series generator will use AFC Energy’s new anion exchange membrane (AEM) technology to demonstrate world class energy density from a fuel cell. The “S” Series will be housed in a container approximating the size of a 10ft shipping container.

The 200kW “S” Series is also suitable for other uses where ABB and AFC Energy are collaborating such as in data centres, shipping and off-grid power markets.

https://greentechlead.com/renewable-energy/afc-energy-wins-hydrogen-fuel-cell-order-from-abb-38380

Maybe before that, if ABB now move along rapidly with an order for L Series systems to showcase to their clients in up to 80 countries, potentially plus more for their staff to use at their factory car parks, which allows ABB to say to clients "These systems are what we use ourselves!".

13th,

The tech is no good unless you can prove that it sells is large quantities and can make profits.

Look at PLUG, BLDP, FCEL, BE, ITM, CWR, PPS, etc. Nobody has bough them up for the 'tech' because they are still losing many tens of millions every year whilst selling the products. Nobody in business wants to add a loss making product to their business.

L Series is also WELL PROVEN, on the AFC EV Charger Roadshow followed by the series of Extreme E events.

The S Series has not been commercially tested at all yet in 10kW form, let alone 200kW form, even though ABB might have been to AFC HQ and seen a prototype 10kW S Series running.

You can't obsolete something with a new product that has not even been proven to work in a commercial environment yet.

Of course it's not obsolete. As per the RNS announcing the S Series, to which nothing has changed:

"AFC Energy (AIM: AFC), the leading alkaline fuel-cell power company, is pleased to confirm details of its new high-power density alkaline fuel cell technology. The new technology has potential use in applications where space and weight of power generation are important considerations and will sit alongside and complement its existing large-scale stationary fuel cell system.

https://www.investegate.co.uk/afc-energy-plc/rns/new-high-power-density-alkaline-fuel-cell/201904090700105051V/

There will be loads of cases where the L Series fits the clients requirements, and loads of cases where the S Series fits the clients requirements. ABB will fill it's clients needs with the system that best fit's their specific requirements.

A Tesla Model S Plaid has more power and is faster than a Tesla Model S, but people still buy the Model S, because it fits their requirements.

My view is similar, in that I think ABB prioritised signing the S Series deal because for many of their big clients it is a priority to have a higher power system, and due to the urgent need of those clients for a solution that ABB can provide, IF AFC agree to speed up the development, then it has to be more important from an ABB perspective than the L Series order.

ABB also get to push AFC to speed up the S Series development, by holding back the L Series orders until after today's agreement is signed.

As we didn't get the trading update today, I suspect there is more 'other news' incoming, which is being given time and resources priority over the trading update.