Member Info for haggismchaggis1

N2S,

I have this attraction to Trolls, they follow me everywhere, my own personal band of internet stalkers.

First bought a long time ago
Paid a very low price
Kept on buying
Have a considerable holding
Average price is very low

I repeat: So if AB walked out tomorrow, his replacement WOULD GET THE SAME MONEY!!!

I know who I'd rather have running this company, the same guy that got us deals with ABB, Acciona, Mace, Keltbray, Taylor Woodrow, Juelich, Colas Rail, etc. The same guy that speaks to other CEO's in the Hydrogen Council about our Fuel Cells to work out ways to get them into those businesses. The same guy that has hit pretty much every milestone so far, including the biggest on of having a 100kW S+ Series with ABB in late 2022, getting it to them in October (so at least 2 months spare!).

Con men will keep bashing AB, but all their claims are either false, baseless, or in the case of his earnings, moronic.

AFC Annual Reports all state clearly WHY AB is paid what he is paid, and that his pay and incentives are decided by the Remuneration Committee, as is best practice at any company. His pay is not decided by him.

As per a question at the AGM a few years ago, AFC Remuneration Committee stated very clearly that they had done market research on what a CEO in a company like AFC should be paid, and that determined his pay. So if AB walked out tomorrow, his replacement WOULD GET THE SAME MONEY!!!

Does AFC Energy plc's (LON:AFC) CEO Salary Compare Well With Others?
Simply Wall St
April 14, 2020

We compared total CEO remuneration at AFC Energy plc with the amount paid at companies with a similar market capitalization. As discussed above, we discovered that the company pays more than the median of that group.

Importantly, though, the company has impressed with its earnings per share growth, over three years. On top of that, in the same period, returns to shareholders have been great. Considering this fine result for shareholders, we daresay the CEO compensation might be apt. Taking a breather from CEO compensation

https://finance.yahoo.com/news/does-afc-energy-plcs-lon-051349918.html

More BS from the crook.

LOADS of smal cap companies have CEO's earning more than the revenues, it's total garbage to claim that as a negative for AFC.

HTF are companies supposed to get to big revenues without employing top staff to propel them from R&D into profits. What a clown!!

Nobody should question the credibility of the company or its Directors, as they have to comply with strict listing rules and regulations, strict financial conduct authority oversight, and strict audit requirements.

Con men on here only have to comply with terms of posting, which are way too easy to bypass, allowing blatant misinformation and market abuse to be regularly posted, even though hours later it 'might' be deleted.

What you need to question, is someone that spends all their time sifting through the minutest detail of every RNS going back many years, just looking for some tiny bit of irrelevant information that they know nobody on this board can answer questions on (because, as they know full well, only the company knows the intricate details), and use that to try and create negative spin with baseless accusations and insinuations about the credibility of the company and its Directors.

If they really wanted answers instead of just flooding this board with misinformation as attempted market manipulation and thus market abuse, they would direct their pointless questions to the company.

https://www.afcenergy.com/contact-us/

Nobody should question the credibility of the company or its Directors, as they have to comply with strict listing rules and regulations, strict financial conduct authority oversight, and strict audit requirements.

Con men on here only have to comply with terms of posting, which are way too easy to bypass, allowing blatant misinformation and market abuse to be regularly posted, even though hours later it 'might' be deleted.

What you need to question, is someone that spends all their time sifting through the minutest detail of every RNS going back many years, just looking for some tiny bit of irrelevant information that they know nobody on this board can answer questions on (because, as they know full well, only the company knows the intricate details), and use that to try and create negative spin with baseless accusations and insinuations about the credibility of the company and its Directors.

If they really wanted answers instead of just flooding this board with misinformation as attempted market manipulation and thus market abuse, they would direct their pointless questions to the company.

https://www.afcenergy.com/contact-us/

Following successful S+ Series validation, ABB E-mobility and AFC Energy agreed to review and update the Sales and Development Agreement originally executed by the two companies in November 2021 (the "Agreement").

In early 2022, ABB E-mobility made a non-refundable payment of £2m to AFC Energy towards early stage development costs of the S+ Series fuel cell platform. Following review of the commercial arrangements between ABB E-mobility and AFC Energy, the two companies have agreed the following:

· ABB E-mobility has expressed an intention to invest a further £2m into AFC Energy by way of a subscription for shares in the Company replacing the subsequent payments due under the original contract.



· A volume discount on up to 10 x 200kW S+ Series fuel cell system sales to ABB E-mobility or its direct customers for a defined period of time.



· Following completion of the upcoming 200kW S+ Series deployment, which will now be fuelled exclusively on hydrogen, and receipt by AFC Energy of relevant product certifications, ownership of the system (including battery) will transfer to ABB E-mobility.



The sales pipeline of 10 x 200kW S+ Series fuel cell systems is eligible to be applied across sales of fuel cell systems (which are envisaged to include connected battery systems) to any division or controlled subsidiary of the ABB group and further highlights ABB E-mobility as a key strategic partner of AFC Energy.



Frank Muehlon, Chief Executive Officer of ABB E-mobility, said:

"AFC Energy is a key strategic partner for ABB E-mobility. We are pleased to have reached this first important milestone for our continued collaboration as we work on the transformation towards a sustainable mobility infrastructure."



Adam Bond, Chief Executive Officer at AFC Energy, said:



"We continue to see ABB E-mobility as a key strategic partner of AFC Energy with the validation of our new S+ Series fuel cell system providing strong evidence of the close working relationship developed between our two companies in recent years. AFC Energy is now working with ABB colleagues across multiple verticals including maritime and date centers for critical back up power, and we look forwards to highlighting the role of hydrogen in supporting the decarbonisation displacing diesel generators across the global back up power market."

2m ABB E-mobility Follow On Investment



AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to confirm that following the successful validation of the Company's first high power density liquid cooled fuel cell announced earlier today, ABB E-mobility has elected to make a follow on equity investment of £2m into AFC Energy.



ABB E-mobility's investment into AFC Energy will be made by way of a subscription to raise £2.0 million (the "ABB E-mobility Subscription") through the issue of 10,000,000 new Ordinary Shares at 20 pence each, being the closing market price per Ordinary Share on 28 March 2023, the latest practicable date prior to the publication of this Announcement.

Post completion of the ABB E-mobility Subscription, total payments received from ABB E-mobility pursuant to the Agreement will total £4m and ABB E-mobility will hold 15,038,760 shares, or 2.02 per cent. of the Company's enlarged issued share capital.

The net proceeds will further support AFC Energy's continued development and delivery of its S+ Series fuel cell system.

The 10,000,000 new Ordinary Shares will rank pari passu with the Company's existing ordinary share capital and application will be made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading which is expected to commence at 8.00 a.m. on 5 April 2023 ("Admission").

Following Admission, the Company's total issued share capital will consist of 745,351,171 Ordinary Shares, none of which are held in treasury. Accordingly, following Admission, the total number of voting rights in the Company will be 745,351,171. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

ABB E-mobility S+ Series Hydrogen Fuel Cell Validation



AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to confirm it has successfully delivered and validated its first cumulative 100kW Liquid Cooled Fuel Cell ("S+ Series") with partner ABB E-mobility.



Highlights



· New S+ Series fuel cell stacks exceeded the cumulative 100kW target output over validation period

· New commercial agreement highlights first sale to ABB E-mobility and prospective sales pipeline

· S+ Series fuel cells support potential for high power EV charging, critical back up and maritime applications

AFC Energy has successfully delivered its first high performance, high power density liquid cooled fuel cells for independent validation as part of its Sales and Development Agreement with ABB E-mobility. The liquid cooled technology, referred to as the "S+" Series (as distinct from the Company's "S" Air Cooled technology) was delivered to Germany for independent validation in October 2022 and signifies AFC Energy's first entry into the high power density fuel cell market.

The milestone is the first of a two-stage development programme first announced November 2021 that will now see a modular 200kW high power fuel cell system scheduled for first operation later this year, which will be followed by product certification immediately thereafter. The state of the art 200kW hydrogen power generator unit (and battery system) will then be sold to ABB E-mobility.

The modular fuel cell design was agreed with ABB E-mobility initially for high power EV charging, however ABB E-mobility have also identified critical back up power generation as a new prospective market for the S+ Series. The S+ Series platform will form the basis of the Company's market entry into maritime and larger scale off-grid and critical back up power markets.

With a strong focus on a reduced Total Cost of Ownership ("TCO"), AFC Energy has been working with state of the art manufacturing for low cost fuel cell technology. This first successful validation adopts a manufacturing philosophy considered as one of the pathways capable of delivering lowest cost fuel cell stacks.

Validation of the S+ Series stacks were witnessed by representatives from ABB E-mobility, AFC Energy and German engineering house, IAV, at an independent IAV testing facility in Germany.

The validation saw the successful delivery of over 100kW of cumulative net power output from the stacks, exceeding contracted targets, and positions AFC Energy well as it enters into the next phase with ABB E-mobility to deliver on a modular hydrogen fueled, zero emission 200kW hydrogen power generator this year.

Advanced "Ammonia to Hydrogen" Cracker Technology Launch





AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce the launch of its new advanced ammonia cracker technology platform.



The Company's new cracker technology is an innovative, new hydrogen generation solution that aims to unlock the value of ammonia as a hydrogen carrier fuel across target markets in Europe and Asia.



The Hydrogen Council now predicts that investment in international hydrogen trade is forecast to grow to US$150 billion by 2030, before increasing to US$1.5 trillion by 2050. A large percentage is forecast to be via synthetic fuels such as ammonia, highlighting the high growth in demand for ammonia cracking technology in order to liberate hydrogen from the carrier fuel.



Originally focused on maritime applications, AFC Energy's modular, scalable ammonia cracker technology will support the decentralized generation of low cost hydrogen, further enabling the Company's fuel cell technology in regions affected by hydrogen storage and transport challenges. The cracker will also create new commercial opportunities as a standalone product capable for stationary, modular hydrogen generation across the global hydrogen value chain.



The launch follows extensive cracker reactor validation testing over the past two years and completed in March at the Company's UK test facilities. Larger modular cracker system prototypes are expected within twelve months and initial commercial deployments expected during 2025.



AFC Energy's ammonia cracker is complementary to the Company's existing fuel cell platform and supports fuel cell system salability in key markets where hydrogen supply logistics can be challenging.



AFC Energy is seeing interest from European utilities, green and blue ammonia producers, ship owners, and heavy plant and equipment manufacturers and exploring near term commercial partnerships.



The cracker technology has now been accelerated in response to the material growth in ammonia imports being contracted into Europe (as a hydrogen carrier fuel) to support the EU's sustainable energy policies and address energy independence challenges arising out of the Ukraine conflict.

H-Power Tower Deployment Update



AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to provide an update on its H-Power Tower deployment programme following system validations in 2022.



Highlights



· H-Power Towers leased for >7,000 hours to date into the UK and European construction market

· New contracts signed for >8,000 hours of H-Power Tower lease hire in 2023 so far

· Growing order book supported by increase in customer proposals

· Initial pricing for leases supports sub two year pay back on capital costs with significant capital cost reductions targeted for 2023

· Extension of Keltbray H-Power Tower lease agreement for six months at M621 highways project in Leeds

· New lease agreement signed with Taylor Woodrow, civil engineering division of global contractor Vinci Construction UK, for H-Power Tower deployment in Bedfordshire alongside National Grid site

· New lease agreement signed with Colas Rail for H-Power Tower deployment on the Signaling Framework contract at the Gloucester Area Life Extension Project

· Successful completion of first Kier H-Power Tower deployment at Plymouth construction camp

AFC Energy is offering a zero emissions power generation solution to the delivery of sustainable UK and European construction markets through its H-Power Tower launched last year.

The H-Power Tower deployments to date, coupled with a growing pipeline of deployments contracted for 2023, highlights the clear role hydrogen is set to play in supporting the decarbonisation of hard to abate industries such as construction.

Customer feedback has been immensely valuable in shaping future specifications of AFC Energy hydrogen power generator platforms and, alongside our early mover customers, we are working to deliver larger systems into 2023, building on the success of the H-Power Tower design.

Early H-Power Tower deployments are being delivered under commercial lease hire agreements which, at present pricing, delivers a capital pay back within two years. This model further supports early market penetration to end customers. In due course, we expect to grow system sales to traditional plant hire businesses.

H-Power Tower Deployment at HS2 Euston Station Site



AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce details of the latest in a series of field trials of the H-Power Tower on UK and European construction sites.



Mace Dragados Joint Venture, the construction team building HS2's new Euston station, is primarily trialling the hydrogen fuel cell to charge a fully electric JCB telehandler. It is also being used to charge lighting towers and a water pump on site. The H-Power Tower is an entirely emission free solution, reducing noise and capacity requirements from mains power.



This is the latest in a series of construction deployments for AFC Energy's H-Power Tower and also follows the recent successful field trial in Spain of the Company's first prototype Methanol Fuel Tower.



Charging electric construction machinery with zero-emission solutions at point of use provides a real step forward in decarbonising the activities of construction activities where mains supply is not possible.



HS2, Europe's largest construction project, has continually challenged its contractors to find new, innovative methods of construction and power supply that will result in lower emissions, be greener, and more environmentally friendly. This is just one of the many ways HS2 is reducing carbon emissions and air pollution typically projected in construction and accelerating HS2 sites to be diesel free by 2029.

Methanol Fuel Tower Field Trial



AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to provide an update on the development of its "flex fuel" methanol development and methanol Fuel Tower concept line.



Highlights



· Successful field trial of first prototype Methanol Fuel Tower with ACCIONA in Spain

· The short field trial saw the Methanol Fuel Tower successfully generate on-site hydrogen from methanol

· Hydrogen generated from the methanol Fuel Tower fuelled AFC Energy's Power Tower, powering ACCIONA's site compound at Alcalá del Valle

· AFC Energy's new methanol Fuel Tower operated for over 100 continuous hours alongside fuel cell platforms before shipment to Spain

Methanol and Ammonia are now recognized as important hydrogen carrier fuels that support the decarbonisation of hard to abate industries. The on-site liberation of hydrogen from carrier fuels provides the basis for the accelerated adoption of AFC Energy fuel cells and the generation of sustainable off grid power in locations where hydrogen is uneconomic to transport or store.

Following several months of development work, AFC Energy is now pleased to announce the successful field trial of its first prototype methanol Fuel Tower, generating on-site hydrogen from methanol. The Fuel Tower consists of methanol handling systems, fuel reformation and purification technologies, control and safety electronics with discreet intellectual property developed across several of these areas.

The field trial was conducted in Spain in collaboration with and at the request of one of AFC Energy's construction partners, ACCIONA. During the trial, the methanol Fuel Tower provided hydrogen to fuel cell modules within the AFC Energy Power Tower that has been successfully operating to displace diesel generators at the construction site's compound since August 2022.

The methanol Fuel Tower concept has already operated for over 100 continuous hours fueling AFC Energy's fuel cell platforms. These initial tests were undertaken at AFC Energy's UK technical centre. The concept is aligned with AFC Energy's Flex Fuel approach to meeting industry's need for low cost, on site hydrogen production across construction, temporary power, backup power and maritime sectors.

The Company is now engaging with industry to validate the product concept as part of AFC Energy's wider Flex Fuel strategy.

ACCIONA Power Tower Deployment



AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to provide an update on the status of the Company's fuel cell field deployment in Spain with partner, Construcción Acciona ("ACCIONA") .

Highlights

· First "S" Series Power Tower successfully deployed in mid-August with partner ACCIONA in Spain.



· The Power Tower has now fully replaced diesel generators at the road construction site north of Cadiz.



· Independent validation by ACCIONA confirms more than 400kWhs of zero emission power has been generated since mid-August 2022.



· Completed 300 hours of operation to date with an avoided 1.8m tonnes of CO2 from entering the atmosphere (versus diesel).



· Delivered effective "load following" to meet the variable power needs of the construction site.



· Operational experience has identified further system cost reduction potential and improved operational robustness and reliability.



· Operated in a wide range of operating conditions demonstrating the capability of the "S" Series Fuel Cells.



· Confirmed by ACCIONA as one of the first times such zero emission hydrogen technology has been deployed on a European construction site.



· Product built and commissioned at AFC Energy's newly refurbished Surrey facility.





Adam Bond, Chief Executive Officer at AFC Energy, said: "Our focus on the decarbonisation of the global construction and temporary power markets is critical if we are to deliver on our sustainability targets and mitigate the long term effects of climate change. Working with partners such as ACCIONA, we continue to highlight the role hydrogen is playing in meeting our targets. ACCIONA is at the vanguard of efforts to decarbonise the construction site and we are thrilled to see their validation of the ongoing success achieved in our first "S" Series fuel cell deployment of the new Power Tower fuel cell series. The Power Tower, configured as a stand-alone or modular, scalable system can deliver zero emission power when needed to support industry's transition away from pollutant diesel generators."

The 100k could be another 100k picked up by UJO. It's an O trade so could have been filled earlier. It's so difficult to know what any trades are these days, so much for transparency!

Nothing to be suspicious of at all, as stated by the company in RNS.

Theres a staffing crisis at auditors, that is the most likely cause of the delay.

https://www.accountancyage.com/2022/07/08/accounting-firms-must-discover-create-and-train-talent-amid-global-shortage/

It's not even an admin issue, it's the staffing crisis at auditors.

https://www.accountancyage.com/2022/07/08/accounting-firms-must-discover-create-and-train-talent-amid-global-shortage/

Leandra right now could be at Changxindao port for a number of reasons.

Swapping crew
Loading equipment and supplies for the work in the dry dock
Loading the Scrubber that will be installed at Dalian
Having surplus fuel removed
Having a couple of tanks cleaned ready for PoC testing
Clearing equipment and other assets into storage ahead of dry dock work
Etc

I still think it won't be there long. It's still showing Dalian as it's destination.