Member Info for haggismchaggis1

No change to the rental terms means AFC had nothing to announce.

AFC did announce on LinkedIn / Twitter that they were looking forward to working with ExE's Hydrogen Partner ENOWA. That is because ENOWA now rent the AFC system.

"The new contract, signed yesterday, will see the Company's fuel cell system again being rented to Extreme E on commercial terms and used to generate power for all of the race vehicles at each of the five rounds in the 2022 season"
https://www.investegate.co.uk/afc-energy-plc/rns/extreme-e-2022-season-contract/202202020700093903A/

ENOWA are the Hydrogen Partner for Extreme E and took over all of the Hydrogen Power system when they were appointed to that position.

So the AFC system is now being rented to ENOWA, not Extreme E.

This backs up my statement "Also, they are working with ENOWA, who now own/use the AFC system." as ENOWA do use the AFC system, they rent it from AFC.

Nonsense is obviously what's keeping your ears apart. How's that for condescending LOL!

If you can't see that ENOWA now own/lease the system, then that's your issue, all I am saying is what I see. ENOWA branding, ENOWA mentioned dozens of times in the ExE videos, ENOWA are the Hydrogen partner and clearly took the agreement AFC had with Extreme E, so it became an agreement between AFC and ENOWA ............ BUT, as there were no financial changes to the dal, AFC had nothing to announce.

The only agenda I have is to give people facts or an opinion based on fact. What's your agenda?

Tetrolite,

PEM could take it, but the degradation rate would not be financially sensible, so for PEM it would need further gas purification. SOFC could take it but there would be a lot of waste heat to get rid of (in the desert, not a great idea).

Kaizen are not replacing ENOWA.

"Kaizen Clean Energy will support ENOWA, NEOM’s energy, water and hydrogen subsidiary, and Green Hydrogen Power Partner to Extreme E"

Escala,

Then you are not paying attention. Go watch the races, where the AFC system is branded ENOWA and described as the ENOWA Hydrogen Power Generator.

"KCE will be manufacturing, integrating, and deploying their hydrogen production systems from their facility in Texas for use in microgrid power, hydrogen fueling, and industrial hydrogen supply starting in the first quarter of 2023."

"hydrogen fueling"

This looks more to do with ExE bringing in Hydrogen cars to race against EV's.

Also, they are working with ENOWA, who now own/use the AFC system.

The container is AFC, it looks nothing like the Kaizen container.

Kaizen units are black, AFC units are grey.

https://kaizencleanenergy.com/H2_Fueling.pdf

They will still be using the AFC Fuel Cells, the AFC system is pictured in the announcement. Kaizen are supplying Hydrogen and Microgrid. "and support the series’ goals to take its entire event operations power off grid" which means ExE getting an S Series or several Power Towers.

"Kaizen Clean Energy will support ENOWA, NEOM’s energy, water and hydrogen subsidiary, and Green Hydrogen Power Partner to Extreme E, in delivering a pioneering hydrogen microgrid solution to the championship."

"KCE will be manufacturing, integrating, and deploying their hydrogen production systems from their facility in Texas for use in microgrid power, hydrogen fueling, and industrial hydrogen supply starting in the first quarter of 2023."

"Their unique hydrogen production and purification technology will enable Extreme E to charge its race fleet and support the series’ goals to take its entire event operations power off grid with 100% carbon neutral hydrogen energy – which will be a first in motorsport.”

https://www.extreme-e.com/en/news/729_Kaizen-Clean-Energy-becomes-Extreme-E-s-Official-Clean-Energy-Technology-Provider

I'll file that with the other internet conspiracy theories.

Advertised prices never reflect what the MM's are actually willing to buy/sell for, it's all part of their facade to hide what they are doing from the other MM's, it's not shareholders manipulating the price, its MM's playing silly b***ers with their advertised prices.

The clueless dimwit troll returns. Hey-ho, thanks to the filter I don't see the pointless garbage it posts.

"SFC Energy develops highly efficient power supply systems, which are used as generator power supplies in critical plasma processes in the production of silicon wafers and glass substrates in the semiconductor industry"

I emailed AFC about a decade ago and said they should look at power for Semiconductor manufacturing, as that industry uses masses of Hydrogen, thus the feedstock is already available on site. Maybe it's still on their list of markets to target.

It's not always as bad as you might think!

One of my other stocks (AEX) did something similar a while back, farming out it's Tanzania gas field to ARA Petroleum, as AEX did not have the huge cash needed to develop the field. It dropped from 75% ownership to 25%, but in return it got $35m in carried development costs, enough to get it to big commercial revenues from that field, and now it has cut all unnecessary costs and is sitting back waiting for the revenues to come through (which have since been brought forward by a year by the Tanzania Government, as it is fast tracking the pipeline to the gas plant). Once the revenues are flowing in, the low operating costs will leave them with big profits and a much higher share price than when they owned 75% but had no money to develop the field.

This is just an example of why a small percentage of something is better than a big percentage of nothing.

S Series launch would be a separate RNS because it wins AFC the £1m milestone payment from ABB and thus has to be announced immediately, it can't wait for a scheduled update RNS.

Last year, the year-end operating statement was issued on 16 December 2021.

The ABB agreement was coincidentally announced on 16 December 2020.

My view is that the S Series 'should' be launched before the year-end operating statement. If so, then there are only 17 trading days left to the close on 16 December.

Chucky,

Agreed. The S Series for ABB is for delivery by year end, so has a slim chance of being so between XMas and New Year, but I'd still put money on an RNS soon, as AFC will want to get the S Series out there well before the last minute for various reasons.

Slept on this and am even more looking forward to an update from AFC in the next 30 trading days! Tick tock, tick tock!!

Great news for QFI (not so much for Tomco holders).

Tomco RNS today states:

RNS Number : 9997H
TomCo Energy PLC
30 November 2022

The Placing has been undertaken to provide additional funds to cover the Company's expenditure as it progresses its plans for Greenfield in relation to the Tar Sands Holdings II LLC (" TSHII") site located in the Uinta Basin, Utah, United States. As previously announced, Greenfield owns a 10% Membership Interest in TSHII with an exclusive option, at its sole discretion, to acquire the remaining 90% of the Membership Interests for additional cash consideration of US$16.25 million up to 31 December 2022.

The Company is currently in discussions to secure a potential non-equity funding package for Greenfield, that would, inter alia, enable Greenfield to ultimately acquire the remaining 90% of the Membership Interests in TSHII and cover the currently estimated construction costs of two commercial scale oil sands separation plants and requisite associated supporting infrastructure to enable the future mining of oil baring sands at the TSHII site.

Whilst there can be no certainty that such funding arrangements will be successfully concluded, or as to the terms or structure of any such non-equity funding in TomCo, one scenario that is currently under active consideration would involve TomCo disposing of a majority stake in Greenfield to a partner(s) in return for, inter alia, certain upfront cash consideration, a continuing equity participation for TomCo in Greenfield without the requirement for further capital contributions from TomCo and the provision of a sizeable funding package to Greenfield. It is the intention of TomCo that any funding package provided to Greenfield would enable the construction of two oil sands separation plants capable of processing at least 6,000 tonnes per day of oil sands, along with at least 14 in-situ oil recovery wells. Any such proposed disposal would likely constitute a fundamental disposal pursuant to the provisions of Rule 15 of the AIM Rules for Companies and therefore be subject, inter alia, to the approval of TomCo's shareholders at a duly convened general meeting.

What's the most boring?

1) Reading garmoans latest pile of disinformation sheet dumped on this board?
2) Counting rice
3) Watching grass grow

The link at the end got truncated, despite the character counter telling me I still had room for 15 more characters! So here is the link in full.

https://www.vard.com/articles/countdown-to-zero-launch