Member Info for haggismchaggis1

This is worth a read.
https://en.wikipedia.org/wiki/Nuclear_power_phase-out

I have been following the money for 12 years, it's here in AFC!!

As far as I'm concerned, wave power dreamers can dream on, as I doubt it's go commercial and any meaningful way for 10 or even 20 years.

Companies have been trying to crack that code for decades, it could take a few more decades, as there's no mass manufacturing of parts, sea bed anchoring costs tens of millions, and the list goes on. For now its Solar, Wind, Biomass, etc and now Green Hydrogen and Fuel Cells.

https://www.technologyreview.com/2015/05/20/110496/why-hasnt-tidal-power-taken-off/

Taskmaster, are the UK Government funded by RR, EDF and BP?

"Clark said backing a series of lagoons would cost the average consumer £700 more by 2050, compared with a mix of offshore wind and nuclear power. The capital cost for the lagoon, per unit of electricity generated, would be more than three times as much as the Hinkley Point C power station, he said."

https://www.theguardian.com/business/2018/jun/25/government-rejects-plan-for-tidal-lagoon-in-swansea

UK wave power far too costly, warns energy research body

ETI says technology is 10 times dearer than other low carbon power sources and UK should prioritise tidal stream

https://www.theguardian.com/environment/2017/jan/16/uk-wave-power-far-too-costly-warns-energy-research-body

:-D :-D :-D

Yes, being heavily controlled by the MM's like the last few trading days where is jumped, went sideways all day, and then jumped again at the end. They may have the same plan today.

Resistance is futile! :-D

It's only a matter of time before it bursts through the £, having already done so in Germany yesterday on all of their exchanges and Tradegate.

I just sent this to AFC!

-----------------------------------
Hi,

I saw the article below in the FT yesterday. My guess is that you have a subscription so can read it in full, but I have extracted the information I believe is very pertinent to AFC Energy.

Basically the last paragraph is the elephant in the room. Mitsubishi think Nuclear is the only option to reach Zero Carbon, because you can't put solar panels and wind turbines all over Tokyo for example, but they are going to import massive amounts of Ammonia, which will make it as cheap as it could possibly be, and thus this Ammonia could then also be used in AFC Power Plants set up in cities, where there will be no visual or space impacts.

This looks like a huge opportunity to me.

Kind regards,
xxxxxxxxxxxxx
AFC Energy Shareholder
--------------------------------

Mitsubishi Heavy looks beyond solar and wind in clean energy push

Kentaro Hosomi, head of the Japanese conglomerate’s mainstay energy business, told the Financial Times that hydrogen, ammonia, carbon capture and nuclear power would all be needed to meet the global goal of zero emissions.

“We need real technology innovation. There is a very long road ahead of us,” Mr Hosomi said. “I hope that people will acknowledge that decarbonisation doesn’t come overnight.”

“Solar and batteries?.?.?.?can facilitate the use of green energy, but from my point of view that means everything goes to China.”

Mr Hosomi said a more cost-effective approach would be to transport ammonia to Japan and burn it alongside coal and gas in existing power plants.

Co-firing with hydrogen or ammonia offers a future for MHI’s boilers, steam and gas turbines. “This is a solution we can present as of today to users who desperately need the power coming from existing coal-fired units,” Mr Hosomi said.

Mr Hosomi said it would be impossible to reach zero carbon at home without nuclear power. Most of Japan’s nuclear power stations have been shut down since the 2011 Fukushima disaster. “Unless you sacrifice everything to place solar panels or wind turbines all over the city of Tokyo, it’s impossible. So in geographical conditions like Japan, I think?.?.?.?nuclear is a must,” he said.

https://www.ft.com/content/cd62697b-2034-44ef-be3b-d3e606d0406d

lolmcshizz, I guess you don't understand the AFC statement of moving out of R&D into commercialisation either then!

Lutra,

The £4m is also admin and operational costs, I expect those to go up, but the R&D costs I expect to drop considerably, as we are no longer designing a KOH based fuel cell from scratch, we already have it and have moved it to commercial sales. It no longer needs millions spent on R&D, it's a finished article. The only R&D that will continue is on the electrodes, just to complete the 4 year longevity testing, once that is done we can walk away from R&D on it and just sell it.

Alkamem will be the main cost of R&D going forward, but as I said, it is a much simpler fuel cell. No recirculating electrolyte, which means minimal Balance Of Plant, no masses of electrolyte pipework, no fluid channels in the stack, etc. So the R&D is going to cost way less for that type of fuel cell.

yellowf1, we already have a commercial fuel cell. Read the AFC RNS's where they have stated we are leaving R&D and going commercial, there is nothing left to R&D unless it's minimal work on improvements, which De Nora are doing with the 4 year electrodes.

Also see my previous post.

Lutra, why?

It already has patented technology and a 14 year start on anyone else trying to copy it.
De Nora are looking at 4 year life electrodes, there isn't a lot more you can drag out of these, and with Alkamem coming along it probably won't be worth investing a huge amount of time and money on R&D for that system once 4 year longevity is clearly in the bag.

Alkamem will need R&D money spent, on the membrane and the new fuel cell that will use it, but this is being spread over the next 2 years (AFC have stated late 2022 for that fuel cell), and it is waaaaaaay simpler a design than the current fuel cell, as there is no circulation KOH electrolyte, so it won't need as much money spent on it as the KOH design.

Forzeb,

CWR
Shares in issue 171m multiplied by the share price £13.40 equals a Market Capitalisation (MCap) of £2,291,400,000

AFC
Shares in issue 676m multiplied by the share price £0.876 equals a Market Capitalisation (MCap) of £592,176,000

If AFC was valued as the same MCap as CWR of £2,291,400,000, you divide that by the number of shares AFC has, which is 676m, giving a share price of £3.39, or 3.87x the current share price.

m3ggiesdad,

I think it will be the same. Instead of paying out almost £4m a year on R&D, we'll be paying it out on the new factory lease and staff to assemble the systesm. But also, every system will have a profit margin, and we may get paid up front for annual maintenance, so each system we sell chips away at the costs.

With Acciona testing in Q1 and the ABB system finished in Q2, we may see many systems ordered and be ploughing on with building them for delivery in H2, so the FY results in Feb 2021 may show break even or a small profit. That is the point where I see another leap in the MCap.

Forzeb,

Ceres has a different number of shares listed. Look at the MCap not the share price!

Oh yes, and AFC has £30m in the bank too!!

PIface, none of the fuel cell and Hydrogen companies are profitable. USA one's are losing $30m to $199m a year, yet are valued at $4Bn or more.

AFC cash burn is less than £4m, it has the lowest cash burn of ANY fuel cell company.

When AFC gets sales in 2021 it will quickly become profitable, and that will attract even more money from ii/HNW/Fund Manager investors, because they will se that FINALLY there IS and PROFITABLE fuel cell company!

MCap's right now. Still a 4-5 bagger from here, minimum, because the others will go up as well, just like they are today.
.
PPS £542
AFC £588m
CWR £2,376
ITM £2,819

MCap's right now. Still a 5-6 bagger here, minimum.

PPS £542
AFC £554m
CWR £2,421
ITM £2,797