Member Info for haggismchaggis1

Interesting that the people assigned to AFC from Peel Hunt, 2 of them are in the Natural Resources section, and Richard Crichton is Head of Natural Resources, in other words the mining industry.

Richard Crichton
https://vimeo.com/610533010

Peel Hunt expanding into Europe.
https://www.thisismoney.co.uk/money/markets/article-10025957/Peel-Hunt-staff-cash-flotation-bonanza.html

Peel Hunt will now release a broker note on AFC, hitting all of the ii's and HNW investors that deal with them, and there will be a lot of them, so we'll be significantly broadening the investor base very soon. I wonder where PH will say fair value is for AFC, with WHI at 159p and Zeus at 188p, could PH be more bullish and go 200p or more?

Junior,

Actually you'll find revenue is not needed here, all you need to know is that all of these companies are loss making, and nearly all of them are losing far more money every year than AFC is.

Anyone can go check the financials on Yahoo Finance if they want more info to compare with.

UK electric car inquiries soar during fuel supply crisis

Sellers of plug-in vehicles say petrol shortages are driving people to adopt the new technology

https://www.theguardian.com/environment/2021/sep/27/uk-electric-car-inquiries-soar-fuel-supply-crisis

Looking at the below news items from ABB, Liebherr and ENGIE, it looks like AFC will be sucked in very soon.

Liebherr and ENGIE partner to offer carbon-neutral solutions for the mining industry
Liebherr and ENGIE announced at MINExpo 2021 their partnership to offer integrated carbon-neutral solutions to decarbonise the mining industry.

https://www.liebherr.com/en/gbr/latest-news/news-press-releases/detail/liebherr-and-engie-partner-to-offer-carbon-neutral-solutions-for-the-mining-industry.html

Liebherr and ABB accelerate all-electric mine transition, focussing on haul truck trolley support

https://www.liebherr.com/en/gbr/latest-news/news-press-releases/detail/liebherr-and-abb-accelerate-all-electric-mine-transition-focussing-on-haul-truck-trolley-support.html

"The Liebherr Trolley Assist System is, the company says, an effective first step on the road to zero emission mine sites of the future. Using an overhead pantograph or trolley bars to connect the electric-drive system to the electrical network, the Trolley Assist System offers increased truck fleet productivity, or reduction in fleet size, while maintaining yearly production when compared with standard trucks. A significant reduction of diesel fuel consumption is also made possible with the Trolley Assist System along with a reduction of the truck fleet CO2 emissions. However, this of course depends on the percentage of renewable energy content in the grid supplied power." (this is where AFC could step in with Green Ammonia power to supplement the grid according to the level of renewable energy available on it)

"The Liebherr Group has over 30 years of experience in electric driven machines for earthmoving, material handling and mining applications. Today, Liebherr Mining says it is the OEM offering the largest range of electric driven excavators on the market. Ranging from 130 t to 800 t, the R 9150, R 9200, R 9250, R 9350, R 9400, and R 9800 are all available as electric drive versions. The electric drive R 9600 will soon be available."

"Liebherr will develop three drivetrain options to achieve near zero emissions for its off-highway trucks: battery power module, internal combustion engines powered by renewable fuels, and H2 fuel cell-battery power module." (this is where AFC could step in with the S Series Fuel Cell for FC models, ABB can supply integrated FC EV Chargers for the battery models)

https://im-mining.com/2021/09/14/liebherr-advances-zero-emission-program-with-help-of-abb-engie/

ENGIE = Hydrogen Council Steering member
Liebherr = Hydrogen Council Supporting member
AFC Energy = Hydrogen Council Supporting member
ABB = working with Liebherr on zero carbon mines

https://hydrogencouncil.com/en/faq/

Some will understand the implications of this for existing installed PEM FC Systems, prior to or an alternative to fully converting them to AEMFC's.

"Combining proton and anion exchange membrane fuel cells for enhancing the overall performance and self-humidification"

Highlights
• Self-humidification design by connection of PEM and AEM fuel cells is proposed.
• 39% performance enhancement of PEM fuel cell is observed by the proposed design.
• Mutual humidification between two fuel cells is confirmed through EIS results.
• The greater gain is prospected by advancing AEM performance by simulation results.
• This design has remarkable difference compared to the previous hybrid MEA designs.

This paper proposes a self-humidification design with enhanced overall performance by the series connection of proton (PEM) and anion (AEM) exchange membrane fuel cells that makes the best of their water production characteristics, different from the concept of hybrid membrane electrode assembly (MEA) in the literature. The performance of the PEM fuel cell based on the serpentine flow field improved by 39%, primarily under the following conditions: 2.4 A cm-2 and 10% inlet relative humidity. Further, the ohmic, activation, and concentration losses reduced, thus demonstrating the effectiveness of self-humidification. Moreover, increases in the current density of one fuel cell typically improved the performance of the other. A well-validated model of the proposed design was developed, and the simulation results revealed that the self-humidification gain could be further improved by reducing the AEM thickness: once the performance and durability of the AEM and PEM fuel cells are comparable, the proposed design will provide a practical solution for overall performance enhancement.

https://www.sciencedirect.com/science/article/abs/pii/S138589472103549X

MCap's based on broker/analyst notes:
WHI at 159p = £1,168m (upside of 195%)
Zeus at 188p = £1,381m (up side of 249%)
.
Peer Comparison. Current MCap's and vs 12/01/2021. AFC doing way better than most, some have lost more value than multiples of AFC's entire value.
.
Proton Power Systems
£236m (down £240m, down 50.42%)
.
AFC Energy
£396m (down £111m, down 21.89%)
.
Powercell Sweden AB
£770m (down £953m, down 55.3%)
.
Ceres Power
£2,169m (down £224m, down 9.36%)
.
FuelCell Energy
£2.03bn (down £2,464m, down 54.8%)
.
ITM Power
£2,465m (down £646m, down 20.77%)
.
Nel ASA
£1.74bn (down £2,256m, down 56.46%)
.
Bloom Energy
£2.55bn (down £1,783m, down 58.85%)
.
Ballard Power
£3.31bn (down £3,791m, down 53.4%)
.
Plug Power
£11.89bn (down £10,72bn, down 47.4%)
.

Either way, if there's something holding the SP where it is, then that's great for anyone wanting to accumulate a bigger holding before the coiled spring blows the lid off.

Selling or shorting? Who knows!!

"UK EV sales six times higher than global average"

https://www.aftermarketonline.net/news/fullstory.php/aid/6938/UK_EV_sales_six_times_higher_than_global_average.html

Nickjhe,

Sometimes orders RNS will come with a value, sometimes not. In AFC's case I suspect not, because they are providing bespoke solutions to customer requirements and they wouldn't want other customers to see the prices. The figures may also be covered by the clients NDA.

Financial results RNS are published at 6 months and full year. In AFC's case, the financial year runs from 1st November, so 6 months results at 30 April and full year at 31 October, although the actual RNS are about 7-8 weeks after each date because of the time needed to produce, check, and sign the results before publishing.

159p ..... the easiest 198% profit in the market over the coming year, possibly 6 months even!

This is well worth watching, great insights into one of AFC's markets, and it's all good news for us!

For example, at 11m 58s into the video:

To be honest with you, y'know, I can tell you now we will lease any EV that we can get our hands on at the moment, they are in such high demand"

https://www.youtube.com/watch?v=uJDNre8ya7s

Panic buy an EV!!

I imagine many are doing that right now, because the fuel shortage issue is not going to be fixed overnight!

"But the UK has an estimated shortage of 100,000 HGV drivers, according to the Road Haulage Association (RHA).

Andrew Opie, director of food and sustainability at the British Retail Consortium, said the measures "will do little to alleviate the current shortfall".

"Supermarkets alone have estimated they need at least 15,000 HGV drivers for their businesses to be able to operate at full capacity ahead of Christmas and avoid disruption or availability issues."

The Conservative peer said: "Even if these short-term opportunities attract the maximum amount of people allowed under the scheme, it will not be enough to address the scale of the problem that has now developed in our supply chains.

"This announcement is the equivalent of throwing a thimble of water on a bonfire."

https://news.sky.com/story/supply-crisis-up-to-4-000-new-hgv-drivers-to-help-tackle-shortage-government-says-12418005

The biggest take from today's news, for me, is this bit from Alejandro Agag:

"We are setting the standard for clean fuel provision in any situation - there's no excuses left for industry to not be 'clean' now, we know it can be done, we've proved it."

In other words:
"All AFC clients, please sign deals NOW"
"Everyone else please look at these systems from AFC Energy"
"All AFC shareholders, you have NOTHING to worry about, these systems will sell themselves like hot cakes"

AFC have very successfully demonstrated their EV Charging system with Extreme E in several extreme conditions.

ABB are about to showcase their own version of the AFC EV Charger using their own high power charging technology.

ABB are the lead sponsor of Formula E.

Formula E has recently completed its season and won't be racing until the end of January 2022.

Formula E has invested in Extreme E and has a place on it's board. "With Formula E’s minority investment comes a seat on the Extreme E Board of Directors which will be held by Formula E CEO Jamie Reigle.". Jamie will know all about the AFC EV charger.
https://www.extreme-e.com/en/news/149_Formula-E-makes-strategic-investment-in-Extreme-E-joining-forces-on-shared-mission-to-counteract-climate-change.html

This seems like a perfect time for Formula E to negotiate and then sign a deal to use the ABB+AFC EV Charger for the 2022 season which starts on 28 January 2022, or if that's too close then for the 2023 season. This would be a huge advertising platform for Formula E's lead sponsor ABB to showcase their version of the AFC EV Charger, with zero emissions off-grid power using low cost Green Ammonia.

Interesting reading here https://www.fiaformulae.com/en/news/2021/september/how-formula-e-achieved-net-zero

AFC have very successfully demonstrated their EV Charging system with Extreme E in several extreme conditions.

ABB are about to showcase their own version of the AFC EV Charger using their own high power charging technology.

ABB are the lead sponsor of Formula E.

Formula E has recently completed its season and won't be racing until the end of January 2022.

Formula E has invested in Extreme E and has a place on it's board. "With Formula E’s minority investment comes a seat on the Extreme E Board of Directors which will be held by Formula E CEO Jamie Reigle.". Jamie will know all about the AFC EV charger.
https://www.extreme-e.com/en/news/149_Formula-E-makes-strategic-investment-in-Extreme-E-joining-forces-on-shared-mission-to-counteract-climate-change.html

This seems like a perfect time for Formula E to negotiate and then sign a deal to use the ABB+AFC EV Charger for the 2022 season which starts on 28 January 2022, or if that's too close then for the 2023 season. This would be a huge advertising platform for Formula E's lead sponsor ABB to showcase their version of the AFC EV Charger, with zero emissions off-grid power using low cost Green Ammonia.

Interesting reading here https://www.fiaformulae.com/en/news/2021/september/how-formula-e-achieved-net-zero

One to look out for, RA was in there in 2018, because it's Israeli.

StoreDot, an Israeli lithium-ion battery company based in Herzliya and a pioneer of extreme-fast-charging (XFC) battery technology for electric vehicles (EVs), recently revealed its ‘silicon-dominant technology’ applied to XFC cylindrical cells that can be fully charged in just 10min. These cells use a 4680 format (46mm wide x 80mm long), which is increasingly favoured by global car makers and has been in development for over three years.

Pioneering work for these ‘breakthrough technologies’ was initiated at Warwick University in the UK with collaboration with StoreDot’s ‘strategic partner’ — BP. The work is covered with five patents in the area of cell design, and cylindrical cell sample production is now ramping up at EVE Energy, StoreDot’s manufacturing partner in China.

This technology means that global automotive manufacturers will be able to use StoreDot’s XFC batteries, which deliver a 50% reduction in charging time in both ‘pouch and cylindrical cell forms’. Both formats are undergoing scale-up processes at EVE Energy and will be ready for mass production in 2024.

https://www.machinery-market.co.uk/news/30746/Worlds-first-10min-charge-cell-prototype-produced

The RA link:

On his first full day as an Israeli citizen Roman Abramovich visited the Herzliya offices of Israeli ultra-fast lithium ion-based battery technology developer StoreDot this afternoon. The company's Facebook page features a post at 2pm saying "An important visitor in our pilot production line today Roman Abramovich" together with a photograph of the Russian-Israeli billionaire.

Abramovich, Israel's wealthiest citizen, is one of the main investors in the company through his UK based investment firm Millhouse Capital.

https://en.globes.co.il/en/article-roman-abramovich-visits-storedot-in-herzliya-1001238698

Very relaxing yes, it has been. I've been to friends BBQ, been to the beach bar, saw a couple of live bands and had some beers, had a couple of nice walks in the sun too. What have you been up to, apart from trying to be clever and failing miserably?

The planet is on a 'catastrophic' global warming path, UN report shows
By Rachel Ramirez, CNN
September 17, 2021

The planet is careening toward warming of 2.7 degrees Celsius above pre-industrial levels -- far above what scientists say the world should be targeting -- according to a report on global emissions targets by the UN Framework Convention on Climate Change.

Scientists have said that the planet needs to slash 45% of its emissions by 2030 to reach carbon neutrality by mid-century. But under current emissions commitments from countries there will be a 16% increase in emissions in 2030 compared to 2010 levels, according to the report.

That would lead the planet to warm to 2.7 degrees above pre-industrial levels, the report says.

Scientists have said global temperatures should remain below 1.5 degrees above pre-industrial levels to stave off the worse consequences of the climate crisis. A UN report in August showed global temperature is already around 1.2 degrees of warming.

In a statement about today's report, UN Secretary-General António Guterres called the planet's current path "catastrophic."

"This is breaking the promise made six years ago to pursue the 1.5-degree Celsius goal of the Paris Agreement," Guterres said. "Failure to meet this goal will be measured in the massive loss of lives and livelihoods."

"We have the tools to achieve this target," Guterres said. "But we are rapidly running out of time."

https://edition.cnn.com/2021/09/17/us/catastrophic-climate-change-un-report/index.html

COP26 is going to see the s**t hit the fan!!