Member Info for haggismchaggis1

Geopura is PEM. So, think 99.999% purity Hydrogen, precious metal catalyst, high CAPEX and high OPEX.

AFC can use little or no precious metals in its catalyst, preferably none. AFC can use low grade cheap H2 in cylinders, or as per the Acciona trial it can use cheap dirty (no expensive gas clean-up) Hydrogen from reformed Methanol using the AFC Methanol Fuel Tower.

You don't need to see audited cost analysis to extrapolate that AFC's systems will be way cheaper CAPEX and OPEX than Geopura, that is how they have been designed, so that they are way more attractive to buyers than PEM.

https://fuelcellsworks.com/news/afc-energy-announces-successful-field-trial-of-first-prototype-methanol-fuel-tower-with-acciona-in-spain/

BuenaVista,

I saw that CPH2 news when it hit the wire yesterday, as I added them to one of my watchlists when their technology got some coverage a couple of months ago.

What does their RNS remind me of? AFC back in early 2008 when the design wasn't scaling up very well, so they nicked Gene Lewis from CWR to try and sort it out. He did a lot of good progress on the system but ultimately designed it to be far too expensive, hence he went exit stage left after a few years and several million quid spent on R&D. AFC did get back on track with other scientists they brought in, and now we have a system that achieves the ambitions of the company when it listed, it's cheap CAPEX and cheap OPEX, runs on low grade H2 but can also use dirty H2 from Ammonia, Methanol and waste gas streams, is scalable to multi-megawatts, etc, etc. PLUS we now have a highly valuable 'holy grail' Alkaline Membrane for Fuel Cells, Electrolysers and other uses.

Having watched events unfold with AFC over the past 15 years, and then reading the CHP2 announcement, I will not be going anywhere near CPH2. It's possible CHP2 could fail to fix its technology issues and fail to achieve successful scale up, so it's a sit and wait stock.

AFC is proving its commercial technology working on client sites. HS2 didn't allow AFC to announce the deployment to Euston a few weeks back, they wanted to wait and get their proof, and now that they have that proof, they are shouting it from the rooftops.

Soon we will see:
The 100kW ABB system, tested by ABB at AFC HQ and then delivered to ABB before year end.
Sales of Power Towers.
The Juelich 100kW system (which could have been built in parallel with the ABB system).
Th 200kW ABB system with integrated Ammonia Cracker (likely built alongside the 100kW as the gap between the two does not look enough for them to be built consecutively).
And no doubt more.

AFC is the place to be, it's definitely not CPH2 and won't be for some time, if ever.

Easing the grid load is a proven benefit:

"Proven benefits of the mobile solution have included the reduction of noise and capacity requirements from mains power."

The same benefit afforded by our EV Charging solution with ABB.

The news is spreading.

https://railway-news.com/hs2-trials-hydrogen-charging-at-euston-site/

"24kWh battery powers a full day on a single charge."

Excellent!

Picture!

https://www.railtechnologymagazine.com/articles/h-power-tower-brings-euston-emissions-free-charging

Tetrolite,

The problem with FCEV units is fuelling them on site. FCEV units will require expensive 99.999% purity Hydrogen too. This is what is holding back construction from going all out with FCEV plant.

EV plant is moving ahead, it's already available in many forms for construction sites. We can now propel it to bigger things by offering much cheaper and easy to get hold of Methanol and Ammonia fuelling.

"HS2 is also collaborating with the Construction Leadership Council to develop a Zero Diesel Site route map. The plan is currently out for consultation until 3rd December 2022 and the construction industry is being invited to provide feedback."

Why RNS it now?

It's not news that's driven by AFC, its news that's driven by HS2. It's HS2 that want this news out there, AFC have just tagged along with the announcement.

https://mediacentre.hs2.org.uk/news/hs2-brings-hydrogen-power-to-its-euston-station-site

"Our H-Power Tower has demonstrated that it is a reliable and highly efficient alternative to fossil fuel-based generators. The H-Power Tower's ability to support HS2, Europe's largest construction project, with clean and consistent power is irrefutable proof of concept for our technology. Hydrogen has the power to revolutionise construction, helping the industry meet its decarbonisation goals and reach Net Zero."

Will that get rid of the liars off here? I doubt it!

46,

No fund raising on the cards yet. QFI will be waiting to sign off supply agreements with Morocco before even thinking about that, so IF they need any money, they can get it off the back of a signed revenue stream and thus much higher share price.

Although AEX will be selling at wellhead prices, not retail prices. A 10% rise on retail prices is not the same $ value as a 10% rise on wellhead prices. Also, it's Tanzania's own gas, so they negotiate wellhead prices that lead to retail prices that are meaningfully lower for Tanzanians and Tanzania businesses than imported gas. It is sure to be higher than the Kiliwani gas price, probably similar to what Wentworth and Orca are receiving, which is in their financial statements so it's easy to find out what to expect.

I'm far more interested in seeing the size of the CH-1a target size and drilling plan, following the 3D analysis, and the overall Ruvuma field TCF's we'll be getting early 2023.

Typo correction:

Alt,

100kW by year end
200kW with integrated Ammonia Cracker in early 2023

My conclusions:
There is not enough time between them for one to lead to the other.
They therefore must be being built in parallel.

I have just sent the full RNS to a few companies that have sustainable funds or create sustainable indices that fund managers use as a basis for their own funds.

The first item fits the profile of BioMSAR, it was exported by QFI in September. They also imported more Glycerol and Surfactants in September.

September 2022
Export
Fuel oils obtained from bituminous materials, with a sulphur content of > 0,5% by weight (excl. for undergoing chemical transformation, and containing biodiesel)

September 2022
Import
Glycerol

September 2022
Import
Cationic organic surface-active agents, whether or not put up for retail sale

https://www.uktradeinfo.com/search/traders/?q=quadrise&t=name

DaProphet,

Lift of well before that! Morocco!

Brilliant news to get funds sustainable investment flowing into QFI stock.

Alt,

100kW by year end
200kW with integrated Ammonia Cracker in early 2022

My conclusions:
There is not enough time between them for one to lead to the other.
They therefore must be being built in parallel.

Alt,

I don't know what he's saying as he's filtered, but the 200kW has an integrated Ammonia Cracker, the 100kW does not. Stating the obvious, the 200kW will run on Ammonia, but the 100kW can be fed Hydrogen from cylinders, cracked Ammonia, Methanol, waste Hydrogen streams, or any other source.

"The AEM "S" Series platform is being accelerated through the ABB sale agreement, across each of the "air cooled" and "liquid cooled" platforms with early delivery of a 100kW liquid cooled system expected in late 2022, and a 200kW liquid cooled system deployment, integrated with an Ammonia cracker, pencilled for early 2023."

That's nothing compared to what I think we'll see when AFC announce that ABB's 100kW system is finished, and that ABB have visited AFC HQ, completed pre-delivery testing, are very happy and impressed, and will now be taking delivery of it if they haven't already.

Only 40 trading days left for AFC to hit that milestone to get the £1m payment from ABB.

With dozens of staff working on it, I'm highly confident of AFC hitting that milestone. AFC are clearly confident too ....

29 June 2022, clearly stated only 4.5 months ago, EXPECTED DELIVERY IN THE LATTER PART OF THE YEAR, meaning everything was still on track at the last market update and no advice to the contrary since then, so must still be on track otherwise they would have had to advise the market of any change to the schedule.

"First commercial order of S Series liquid cooled fuel cell system received from ABB worth up to £4m"
"Next milestone payment of £1 million due upon delivery of initial 100kW unit scheduled for this year"
"Expected delivery in latter part of the year of ABB's first milestone of 100kW high energy dense S Series Liquid Cooled fuel cell system run on Hydrogen"

https://www.investegate.co.uk/afc-energy-plc/rns/interim-results/202206290700085510Q/