Member Info for haggismchaggis1

I wonder if Dr Rendall will be creating an AFC 10kW Power Cube, integrating an Acta Spa Ammonia Cracker with an S Series Fuel Cell.

"Prior to Dyson, Dr Rendall held the position of Chief Technology Officer at Diverse Energy which prototyped the conversion of Ammonia into electricity using novel gas reforming technology and fuel cells into a self-contained power source marketed as the Power Cube."

https://www.investegate.co.uk/afc-energy-plc/rns/appointment-of-chief-engineer-and-product-officer/202102080700082117O/

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 MegaBox configuration with a market leading 2MW of power density set for deployment within a 40’ ISO container for stationary off-grid power demands

https://www.afcenergy.com/products/hydrox-cell-s/

Alkammonia Project:
"Acta will be providing an ammonia cracking reactor and catalysts to the project. Ammonia has high hydrogen content and can be easily converted to hydrogen by processing (cracking) it through a catalyst. Acta’s ammonia catalyst contains no precious metals and performs better than commercial platinum group metals catalysts in converting the ammonia to hydrogen, which, in turn, powers the fuel cell. Alkaline fuel cells such as AFC Energy’s fuel cells have the advantage of being able to tolerate ammonia traces in the fuel stream."

https://www.actaspa.com/acta-receives-e182000-eu-grant-funding/

Sent to AFC:

This looks like the perfect landscape for AFC Fuel Cells.

"Japan sees 30 mil mt/year fuel ammonia demand in 2050 after commercial use in 2020s"

"Looking further ahead, Japan aims to develop a stable potential ammonia supply network of 100 million mt/year by 2050 by Japanese companies to meet demand domestically, in Southeast Asia and around the world, the report said."

https://www.spglobal.com/platts/en/market-insights/latest-news/coal/020821-japan-sees-30-mil-mtyear-fuel-ammonia-demand-in-2050-after-commercial-use-in-2020s

Quizzical, Zeus will have spoken to AB and my guess is that those are ABB's priority list based on the number of off-grid locations their (and AFC's) clients have issues with, the low hanging fruit (to quote very old AFC RNS's!) as it were.

They are all big countries with lots of remote areas where the grid will be pathetic, so loads of other potential.

USA has Biden wanting all EV's, Germany wants to be a big EV player and has multiple car manufacturers that ABB would no doubt like to get supply contracts with. France, Italy and Spain grids aren't great either.

His battery Patents.

https://patents.google.com/?inventor=Michael+Rendall&assignee=Dyson

I thought Tradegate worked by matching a buyer with a seller, so every buy is also a sell, as in there are no Market Makers involved?

The big one, as in the most near term revenue stream that is.

Thanks :)

The big one is obviously 5. Off-grid generation markets

Extreme E is advertising our fuel cells for that market, the exponential rise in enquiries will have a lot of companies looking for solutions to replace diesel gensets.

Acciona will soon be doing their own 'short trial' of a few weeks to get their own data. After they have signed it off, and why wouldn't they if Extreme E can? Then the sky is the limit.

Have you been peeking at his Patents? :-D

Here is the missing link to Dr Michael Rendall ……..

AFC RNS:

In addition to the EU grant the Company is also pleased to announce the acquisition of certain assets, including equipment and intellectual property, of Diverse Energy Ltd ("Diverse Energy").

Diverse Energy gained a track record in being able to deliver small scale ammonia fed fuel cell systems into the mobile phone mast power market, specifically within Africa. AFC Energy expects to use the equipment, knowledge and systems understanding developed by Diverse Energy to accelerate its speed to market for ammonia fed systems.

Commenting Ian Williamson, CEO, said: "We are delighted to add Diverse Energy's proven and patented technology, knowhow and equipment to our own. This deal, combined with the EU grant for our Alkammonia project, will help AFC Energy exploit an exciting market opportunity faster than would previously have been possible. These developments will extend our technology portfolio, expand our product offering and help to broaden our addressable market. We believe the ammonia tolerance we have will put our fuel cell system in a very favourable position to be more commercial using this feedstock than its competitors."

https://www.marketscreener.com/quote/stock/AFC-ENERGY-PLC-4006915/news/AFC-Energy-plc-AFC-announces-further-EU-funding-and-the-acquisition-of-assets-from-Diverse-Energy-15597419/

The project to commercialize ammonia-fed fuel cells for stationary power generation continues to gather momentum in Europe, under the title “Project Alkammonia“.

This follows last year’s field trials of Diverse Energy’s PowerCube technology in Africa, and AFC Energy’s subsequent acquisition of assets from Diverse Energy (equipment and IP) and further project funding.

https://nh3fuelassociation.org/2013/04/25/project-alkammonia-ammonia-fed-alkaline-fuel-cells/

BB2, just in respect of the AFC high density Fuel Cell that AB mentioned in todays RNS. I think that is what AFC is concentrating on for now.

Testing by the labs they sent it to last year, and AFC's own testing and scale up, long term testing, versions with the solutions recommended by labs included in them, etc.

I just feel the the way he's talking about it, he must be very confident of it being good to go soon. that would explain 'fast track' and 'accelerated' anyway.

That's twice he mentioned the high density fuel cell, once with the word 'accelerated' and once with the words 'fast track'. So I'm thinking they are trying to bring it forward to this year. It also suggests Alkamem testing has gone very well, more news on that soon I suspect!

Cheekboy2,

I doubt very much that it's the first, and definitely won't be the last.

"By 2015, fossil fuel divestment was reportedly the fastest growing divestment movement in history.[3] In April 2020, a total of 1,192 institutions and over 58,000 individuals representing $14 trillion in assets worldwide had begun or committed to a divestment from fossil fuels"

https://en.wikipedia.org/wiki/Fossil_fuel_divestment

A lot of this money has been going into renewable energy over the years, but more recently into H2 and FC stocks. I also don't believe AFC got to £500m+ MCap on PI investing only, especially while Schroders were reducing.

Southerhay, why? their limit is 3%, their current holding of CWR is 2.58% worth £20,522,000.

The AFC holding of 8,208,000 shares would need to be £2.50 before they hit the current CWR share of the Trust, and £2.90 before it was 3% of the Trust.

chippyjo,

My view is that the share price was held down for weeks by the MM's to fill the orders they had from the ii's at agreed prices.

I do not believe that the ii's allowed their shares to be used for shorting whilst they were buying. This is too close to market manipulation for the Fund Managers to get away with.

The drop later in January in my view was initially day traders and short sellers forcing it down because they knew Schroders had no choice but to reduce its holding to rebalance the fund once the price went over £500m. Just like this Trust has had to reduce CWR for the same reason. These day traders and shorters were all over this board posting as much negative spin as they could at the time, which is a big giveaway as to what they were up to.

The big two day drop was clearly an orchestrated shorting attack to get a quick buck out of several FC and H2 stocks over the same few days, right after Hedge Funds lost $70Bn on GameStop shorting and needed to get money in as quickly as possible.

Electric planes take off, not ferries! :-D :-D

I kept saying that ii's were buying AFC in December and January, with the big late reported trades going through and the share price games by the MM's, and this proves I was right.

Law Debenture Trust held AFC on November 29 2020 valued at £1,056,000.

Share price was 34.52p so that is 3,059,096 shares

Today the Trust holds AFC worth £8,208,000.

Share price is 76.5p so that is 10,729,411 shares.

That is an increase of 7,670,315 shares in 2 months!!

I therefore doubt very much that they were involved in any lending for shorting. Also, their Trust performance would be degraded by doing that, so it makes no sense for them to do that, it's not a Hedge Fund.

Cache of the web page from November.
http://web.archive.org/web/20201129094217/https://www.lawdebenture.com/investment-trust/nav-and-portfolio-information

The point about them having to reduce their CWR holding also demonstrates why Schroders have to reduce their AFC holding. Rebalancing the Fund because it has too much of one stock in it.

Send that to AFC and I'm sure they'll get Zeus to add it into the next note. Others have done the same before over the years including me, and it has been done.

The Trust is worth £773m, 3% of that is £23.19m of stock.

Maybe thy are one of the Trusts still buying AFC. It would make sense if they have to reduce their CWR, to keep the money in the same FC sector, to buy the undervalued AFC.

I've not seen this one before. Some very interesting questions and comments by AB. It certainly eliminates some of the questions on here lately.

https://totallyev.net/extreme-e-to-use-off-grid-hydrogen-powered-ev-chargers-from-afc-energy/