Member Info for haggismchaggis1

Sell the IP I say, and license back exclusive use of it in alkaline fuel cells only for 10 years.

That would be similar to how businesses sell their HQ and lease it back. It releases a huge amount of cash that the company can use to grow the business.

That kind of sale has to be worth £500m. Imagine how much progress AFC could make with that kind of money, let alone what the shares would be worth, and no more dilution ever

"£5,000/kW (installed), which is likely to be reduced as larger units are released to the market"

A 50kW DC charger with a short distance to a suitable power supply that can handle that level of demand costs about £50k installed, so about £1000 per kW. But the further you go from the power source the more it costs and the more power it consumes due to losses along the cable. When you start talking half a mile away, you're looking the same ball park as AFC for cost of digging up roads and putting in hefty cables. Further away than this and AFC is getting cheaper and cheaper.

Further away it could even cost £350k+ for a new substation, and cabling on top of that. At this point AFC is way cheaper.

Two news items. I'd say it's worth your while reading both in full.

"A new academic paper shows that hydrogen made with renewable electricity is cost-competitive with smaller-scale production of hydrogen sourced from natural gas. Within a few years, the researchers say, water electrolysis will have become cheaper than manufacture from fossil fuels across all sizes of hydrogen manufacturing plant, including the very largest."

https://www.carboncommentary.com/blog/2019/2/26/making-hydrogen-from-renewables-is-as-cheap-as-making-from-natural-gas



Also mentioned in that report is this news:

"Air Liquide has announced the construction of a PEM (proton-exchange membrane) electrolyser with a 20 megawatts (MW) capacity for the production of carbon-free hydrogen."

https://www.gasworld.com/air-liquide-to-construct-pem-electrolyser/2016692.article

DMA = Dopey Moronic Amateur

Something for the future which may well inspire more renewable energy suppliers to create Green Hydrogen now.

Denmark is pursuing plans to build one or more artificial islands surrounded by offshore wind turbines with a capacity of 10 gigawatts, capable of supplying up to 10 million households, the climate and energy ministry has said.

The country, which produced 41% of its energy from wind power in 2018, the highest level in Europe, last week passed an ambitious climate act which commits it to cut greenhouse gas emissions to 70% of 1990 levels by 2030 and achieve carbon neutrality by 2050, with new, legally binding targets every five years from 2020.

The capacity of the new park, to be financed mainly by the private sector at a total cost of 200bn-300bn Danish kroner (£22.5bn-33.8bn), would be five times higher than Denmark’s current wind power output, the climate and energy minister Dan Jørgensen said.

“If we are to realise the the enormous potential of offshore wind, new technologies will have to be developed to convert green power into fuel for aircraft, ships and industry,” Jørgensen added.

The ministry has allocated 65m kroner from its 2020 budget to research into storing and converting the energy coming into the new wind park to renewable hydrogen, since the power it generates will not all be used by Denmark’s 6 million inhabitants.

https://www.theguardian.com/world/2019/dec/11/denmark-plans-to-power-10m-homes-with-new-wind-farm-islands

The near term elephant in the room is the membrane technology.

A market of $1.2bn and the vast majority of that is outside of AFC's focus (no meaningful amount of membrane alkaline fuel cells are being produced, just a few in laboratories), in the fields mentioned in the broker note

So, AFC are looking at licencing the technology out for use in those other fields.

Equally they have said they've been approached for a possible sale of the technology for use in other fields only.

A sale of the membrane into a $1.2bn annual market has to be worth at least £300m, possibly as much as £500m. If that happened, you can easily work out that the market cap of AFC W
would be at least that much.

If they don't sell the membrane in that way and go for several licenses for the different fields, they would be basing the price on earning at least the sale value in the first 5 years, with reasonable uptake of it by those industries.

So the broker may not wish to put a valuation on the membrane, but it's definitely the elephant in the room, as talks are already in progress for the sale or licencing of the technology, and AB has stated he wants to make money from it ASAP.

As stated in the Power Up project detail, published at the end of December 2018, it says the project finished at the end of June 2017, but that:

"The Stade plant is still actively used as a demonstration facility for new alkaline fuel cell stack designs and balance of plant upgrades"

So that is 18 months after the project finished and the fuel cell was still in use. I don't see any reason to suspect that has changed.

On the other comments about putting big systems into the Chlor-alkali industry, I believe from what we've been told, that they need to show 4 year electrode life in order to make the system cheap enough to sell into that market, which is why it's not on the 'do this week' list. However, we have also recently been told about pressure on the Chlor-alkali industry to reduce emissions, so it's possible they might bite the bullet and go for a near term AFC system.

I'd have thought they would have sent the details to all of the companies that said they needed something like this, the one's that made ROLEC approach AFC in the first place. And that's probably part of the reason there were over 50 companies at AFC HQ for the launch.

Do they need it on their website? Yes. Do they need it there urgently? Probably not, with the amount of sales leads already lined up.

BumbleB,

The work to get the EV Charger ready for the release and multiple presentations would have used up all of the company resources. That's done and dusted, the charger is off soon on its roadshow. Staff can get back to other work such as the flow battery, because work on the bigger EV charger versions won't require all of the company resources, it's long term stuff.

13thmonkey

If they draw down any cash from the facility, they MUST put out an RNS because the drawdown facility is convertible to stock in the company. That would be a regulatory requirement

There has been no such RNS, therefore they have not drawn down any cash from that facility.

Chippyjo,

The Hydrogen Battery should be along very soon, now that the EV Charger is finished.

As for orders, there were over 50 companies represented at last week's presentation, that's 50 buyers that were interested enough to send staff to the presentation. You can bet there are way more that didn't attend the presentation because it was inconvenient, or too far to travel, or they couldn't spare the staff, etc.

Out of all these buyers there MUST be several that will order very soon, once they have the budget signed off by senior staff. Contracts could be in the post today if these buyers are in a hurry to get their own fleet EV charging in place, which I think is extremely likely.

Seance, of you want 40, and are not just throwing in pedantic meaningless comments that you know full well nobody here can answer with 100% conviction, as the people that can and will, phone AFC.

Below is a link to the AGM Presentation. As it states, ZERO has been taken from the £4m drawdown facility, FACT. The presentation is a MUST READ for anyone that's not a shorting vermin.

http://afcenergyprod.wpengine.com/wp-content/uploads/2019/11/AGM-Presentation-2019.pdf

If LSE systems remove the link, just search Google for AFC Energy, go to the investors link, then to presentations, and you'll find the AGM Presentation there.

Hopefully he's been ejected, like a turd after 6 weeks of constipation!!

Our EV charger partner, ROLEC.

"We were established in 1990 and presently employ over 100 personnel in our bespoke, purpose-built office, showroom, warehouse and factory complex. Now 25 years old, Rolec’s wide range of products is the most extensive of its kind and continues to grow via its distribution network of representatives in over 40 countries across the globe."

I sent this to AFC yesterday.

Germany has pulled ahead of Norway for sales of all-electric cars since the start of the year, putting Europe’s biggest auto market in position to become the regional leader on an annual basis for the first time.

Through November, 57,533 new electric cars were registered in Germany, compared with 56,893 for Norway, according to statistics published by transportation agencies in both countries.

The numbers offer fresh evidence that the technology is becoming more mainstream in Europe’s car-making heartland, where Germany’s Volkswagen AG, BMW AG and Daimler AG are preparing for a major battery-car push. While Norway emerged as an early regional hot spot thanks to generous government incentives, the country has about 6.4% of the population of Germany and so growth is limited. Across the region, governments are ramping up subsidies.

“The electric model offensive of the German manufacturers is in full swing,” Bernhard Mattes, head of the country’s VDA auto lobby, said last week. German manufacturers will triple their electric car offerings to 150 models by 2023 and invest 50 billion euros by 2024, he said.

Other ways include spread bet short selling. The spread bet companies short the stock to hedge the bets!

I posted the Germany news yesterday on here, glad it's reached Bloomberg.

It's been a few days since the demonstration of the EV Charger to over 50 prospective buyers, so contracts are probably being signed and posted back right now, such is their need to get the solution to their grid issues, plus the need to ensure they are at the front of the queue for delivery to ensure no delays to implementing that solution.

The only people selling here are shorters and short term traders that have no interest in the success of the company, everyone else can see the future is a share price many multiples of today's, and they'll wait for the BIG money.

And Private Preserve Wine Preservation System uses Nitrogen to preserve wine. I know because I use it. This is part of the description copied from Amazon. If the nitrogen was going to poison my wine with NOx it wouldn't exist. The INERT gasses flush the OXYGEN from the bottle of wine, preventing further OXIDATION of the wine.

SAFE AND SIMPLE: System uses 100% inert gas (non-toxic,) a balanced mixture of carbon dioxide, nitrogen and argon to remove all of the oxygen from your opened bottle in four easy steps.