Member Info for haggismchaggis1

That's because the SP is being held down to fill these order.

They were also doing the final assembly at the end of November, and BK Gulf are delivering the container in Q1.

I think they already have the FC up and running, doing commissioning at AFC before it goes into the container and goes to Spain. I think they invited a load of clients to view it, and that is how they got the ABB and Ricardo agreements done just a few weeks apart.

23 November 2020
"The new facility will be utilised immediately for the final assembly and commissioning of the Extreme E, ACCIONA and Juelich systems"

The one's that appeared yesterday at 12:00, but the day before's trades.

215,000
305,000
850,000
200,000

Big trades reported today at 12:00, exactly like yesterday at 12:00. Yesterday's late reported trades again.
.
14-Jan-21
15:37:09
81.44
130,000

14-Jan-21
16:36:44
82.12636
825,000

14-Jan-21
15:25:38
82.20
150,000

They will always favour US companies as it looks good on them protecting US jobs, even if it's not to the extremes Trump went to.

What their companies can't do is compete with AFC and it's Ammonia based FC CAPEX and OPEX, so AFC will still do very well there in it's chosen markets.

Suggested reading!

https://www.investors.com/news/plug-power-stock-fuelcell-stock-sink-analyst-warns-limited-upside/

"Biden has also set out rules for Green to dominate which world leaders will follow"

Actually it's Biden following the rest of the World!!

Trump did sweet FA for years, so USA is WAAAAAY behind!!

News build up to results and AGM.

I think AB is going to try and cram in as many strategic agreements, sales, or other news (builds completed, deliveries of systems, etc) worthy of RNS as he can this year, prior to the results and AGM days.

Last year the final results were published on the Final Friday of February! (F'in results day??). This year that would put the results date as 26 February

The AGM was on 23 April, the 4th Thursday of April. This year that would be Thursday 22 April.

Dutco getting AFC temporary power for this being built would be epic!

https://www.msn.com/en-gb/money/technology/saudi-arabia-to-build-170-kilometres-long-city-as-part-of-neom-project/ar-BB1cJ0Lh

Going back to this thread about the Dutco agreement playing out, I noticed this bit in the BK Gulf RNS that indicates that Dutco are very much still playing for that Gigawatt of FC systems they signed the agreement for.

"Adam Bond, Chief Executive Officer at AFC Energy, said ".... Dutco Group and BK Gulf have long been strong allies of AFC Energy in the region and with their leading engineering and fabrication capability, are an ideal partner in supporting a strong commitment to the growth of the Hydrogen economy in the Gulf region and world-wide."

There is no reason why we would not see orders for more systems any day now.

There is no need for many clients to wait for any trials, they can most likely see the Extreme E and Acciona systems built and fully functional by now at AFC (how do you think they got ABB and Ricardo signing agreements without seeing those systems first??). Along with the CH2RGE system that was taken on the EV roadshow, AFC still have it!!

From the RNS snippets below it is perfectly clear to me that:

AFC have a commercial pipeline
AFC have a binding agreement with BK Gulf for production
AFC will have first production units from BK Gulf in Q1 2021
The new factory was available for system assembly from 23 November, there was no need for AFC to wait for fit out, as that is more about office space and other facilities, note the phrases "will be utilised immediately" and "at any point in time" in the RNS snippets below, that means they do not have to wait for the fit out to be finished.

17 November 2020

"AFC Energy and BK Gulf have signed a binding Agreement for the scale up in manufacturing capacity for the Company's containerised fuel cell balance of plant."

"Existing capacity to deliver several hundred fitted out containerised modules per annum to address future customer demand with first fabricated units expected in Q1 2021."

"Based on the Company's current commercial pipeline, AFC Energy expects to place multiple orders of containerised balance of plant in 2021, including the ACCIONA project set for delivery in 2021."

"Adam Bond, Chief Executive Officer at AFC Energy, said "Today's Agreement with BK Gulf is a further important step in cementing AFC Energy's manufacturing strategy aligned with the growth in our commercial pipeline and in bringing down response time and cost in meeting customer expectations. Dutco Group and BK Gulf have long been strong allies of AFC Energy in the region and with their leading engineering and fabrication capability, are an ideal partner in supporting a strong commitment to the growth of the Hydrogen economy in the Gulf region and world-wide."

-----------------------

23 November 2020

"The new facility will be utilised immediately for the final assembly and commissioning of the Extreme E, ACCIONA and Juelich systems and expects to be fully retrofitted and operational by end of March 2021."

"The new facility will provide the space necessary for AFC Energy to assemble fuel cell systems of any scale, up to multiple 40ft shipping containers at any point in time, before commissioning and dispatch to customers."

iWantThatOne, filter the con-man, he'll make up any fiction to try and get the share price down, best to ignore trolls, then they have no effect on the board so they shrivel up and blow away.

I'm not sure why I feel I need to explain what is written in RNS that everyone should have read, but AFC state very clearly that we do have commercial sales, so however people want to try and talk it down, according to the accounting rules they ARE commercial sales.

3 November 2020
"First commercial agreements signed with >£1m in revenue contracted"

"2020 saw the conclusion of AFC Energy's first commercial contracts with in excess of £1m contracted to be delivered during 2021."

"For both Extreme E and Jülich's state of the art microgrid configuration integrating AFC Energy's hydrogen fuel cells in Germany, we have already seen income invoiced on several instalments, and under accounting policies, will see that income recognised in the Company's accounts for the year ended 31 October 2021."

Wilbur, as I stated before, we do have commercial sales. As per the RNS:

3 November 2020

"First commercial agreements signed with >£1m in revenue contracted"

"2020 saw the conclusion of AFC Energy's first commercial contracts with in excess of £1m contracted to be delivered during 2021."

"For both Extreme E and Jülich's state of the art microgrid configuration integrating AFC Energy's hydrogen fuel cells in Germany, we have already seen income invoiced on several instalments, and under accounting policies, will see that income recognised in the Company's accounts for the year ended 31 October 2021."

Indeed you couldn't have got a more horizontal intraday chart in a very tight range, not many winning and not many losing, but as always the MM's always win, whatever their game was today, which as per the last few weeks is filling their ii orders.

I went on LSE and downloaded the trades for today. Quite a lot of large trades went through, I was looking at £40k plus trades. Some were £100k and even a few £200k. Most likely not day traders and the majority of PI's buying that much stock in one hit.

Don't miss the 1.5m in trades that were put through today at midday, but were previous days trades. I guess someone forgot to put them through after the close last night, or they were stuck in a system somewhere and popped out at midday!

215,000
305,000
850,000
200,000

As per my post yesterday on the Hydrogen Council, where all CEO's are connected, I had a news item pop up today for Total and ENGIE, which is a new for the list. Makes for interesting reading!

"Total And Engie Plan France’s Largest Green Hydrogen Plant"
Jan 13, 2021
Oil major Total and energy provider Engie have applied for subsidies which, if obtained, would allow them to build the largest green hydrogen facility in France that will use only solar power to produce hydrogen.

Total and Engie have signed a cooperation agreement to design, develop, build, and operate France’s largest renewable hydrogen production site, which will be located in southern France and will meet the needs of Total’s La Mède bio-refinery, the supermajor said on Wednesday.

The companies plan to put the facility into operation in 2024, subject to obtaining subsidies from the French and European Union (EU) authorities, for which they had already applied.

The green hydrogen facility will be powered by solar farms with a combined capacity of more than 100 MW. The 40 MW electrolyzer will produce 5 tons of green hydrogen per day to meet the needs of the biofuel production process La Mède biorefinery, avoiding 15,000 tons of CO2 emissions annually.
https://oilprice.com/Latest-Energy-News/World-News/Total-And-Engie-Plan-Frances-Largest-Green-Hydrogen-Plant.html

List of potential strategic partners in the Hydrogen Council and my reasons in brackets.
Air Liquide (Green Hydrogen producer, with ENGIE)
Air Products (Hydrogen producer. $5 billion world-scale green hydrogen to Green Ammonia project in Saudi)
ALSTOM (make the Aptis EV Busses)
Audi (make EV's that take rapid charging)
BMW Group (make EV's that take rapid charging)
BP (Garage forecourts)
CF Industries (Ammonia Manufacturer, going green, will produce 200,000 tonnes of Green Ammonia)
Chemours (is THE manufacturer of NAFION, which Alkamem is targeted to replace)
CMA CGM (Global Shipping company)
Cummins (Diesel Gensets, also now into Electrolysers [20MW one being built] and Fuel Cells, but PEM and SOFC, so no cheap H2 or cheap Ammonia option for fuel)
Daimler (make EV's that take rapid charging)
EDF (Hydrogen from Nuclear planned)
ENEOS (Hydrogen Refuelling)
ENGIE (Green Hydrogen producer, with Air Liquide)
Equinor (Green Hydrogen producer)
GM (make EV's that take rapid charging)
Honda (make EV's that take rapid charging)
Hyundai (make EV's that take rapid charging)
Johnson Matthey (Green Hydrogen producer)
KOGAS (Korea Hydrogen Producer)
Linde (Green Hydrogen Producer, backing ITM)
MSC (Global Shipping company)
SABIC (Blue Ammonia producer)
Schaeffler (Makes Bipolar plates for Fuel Cells, which
Membrane Fuel Cell)
SHELL (Garage forecourts)
Siemens Energy (Make EV Chargers)
Solvay (Chlor-Alkali producer)
Thyssenkrupp (Chlor-Alkali Electrolyser Manufacturer)
TOTAL (Garage forecourts)
UNI PER (Green Hydrogen producer)

dtyland, could be. It might not be in the software release yet, buy they'd have been able to do the calculations themselves in an internal version of the software.

As with many things we are seeing, being able to use Ammonia is a cracking(!!) idea, as it reduces fuel cost, has easier fuel storage, and is much simpler to deploy than H2.

Also a Friday, so may be a few coming in that wouldn't want to be out over the weekend?

Don't be surprised if the intraday chart looks very similar to every day for the past 3 weeks. Spike, drop, back to level, sideways in a very narrow range, possible tree shake halfway through then back to where it was, and the closing price determined by the MM's bullishness with the UT trade rather than supply and demand.

And Extreme E is a collaboration, but it is still a commercial deployment, it is not a trial, like Julich's it is a showcase being used in commercial operations, no trialling involved.

"The Company's H-PowerTM system will showcase to a global audience how Hydrogen can be used as a viable alternative to incumbent stationary diesel generation in all environments. "

"AFC Energy is engineering for Extreme E a novel off-grid Green Hydrogen generation and storage system which will enable the Championship to produce its own self-certified green race fuel pre-race. "

https://www.investegate.co.uk/afc-energy-plc/rns/extreme-e-collaboration/202007150700070105T/

Julich is not a trial, read the RNS.

"Martin Müller, LLEC Team Manager “Hydrogen Production“ (IEK-14), said “Having evaluated AFC Energy’s alkaline fuel cell technology for several months, we are now pleased to be placing an order for a 100 kWe alkaline fuel cell unit for delivery as an integral part of our Living Lab Energy Campus. This project will support the furtherance of Germany’s Energy Transition via a more efficient utilisation of hydrogen and also demonstrate innovative hybrid solutions for Power-to-Gas and Gas-to-Power applications. We are looking forward to working together with AFC Energy on this showcase project.”

https://www.afcenergy.com/afc-energy-awarded-contract-for-sale-of-h-powertm-system-to-julich-as-part-of-german-hydrogen-showcase/