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Who’s we ?
Tumble weeds
Enjoy your evening the rest of the nation is
Take your money and run please
If your that worried cash out a bird in the hand is better than two in the bush
I’ll wait for the hydrogen bus thanks
Good luck what ever you do but I’m sure your still be here tomorrow no offence meant
I they did state 100 mucksy although now you mention a 99 I may go get one with a flake and nuts later if the sun comes out as I’m quite pleased with the mention of trying to releases more details of the order book - good RNS adds confidence loads to look forward too this year .
AFC presentation earlier this year
Market leading alkaline fuel cell technology
Growing list of international partners
Field demonstrated technology
Highly skilled team of 40 now growing to 100
Strong balance sheet of £62 million
Growing order book
Capital light manufacturing technology
20 billion diesel gender market must be decarbonised
The systems are modular scalable and transportable
They have a high level of fuel efficiency 60% at fuel cell module
Playing to their strength through use of green ammonia fuel to provide a lower cost of power around a 1/4 of the cost and transportation of direct hydrogen
https://www.linkedin.com/posts/office-concepts-uk_construction-design-fitout-activity-6787476723773513728-TcjX
https://www.linkedin.com/posts/office-concepts-uk_construction-project-fitout-activity-6777981053786198016-v8wg
https://www.linkedin.com/posts/office-concepts-uk_ocprojectsltd-construction-fitout-activity-6770086982346534912-86yb
https://www.linkedin.com/posts/office-concepts-uk_construction-building-ocprojectsltd-activity-6764162860676349952-hnvP
Looks like it started about 4 months ago by OC projects
Here you go guys this will give you a better idea of the works involved from just a few months ago
It was quite a transformation
https://www.linkedin.com/posts/dean-whiting-b2b31a86_the-first-of-a-number-of-decent-sized-projects-activity-6772585839697399808-dqvV
I have been looking at ways to find information on progress
Inside that secure site
I had images of the hanger before purchase so just looked for projects that matched the works - I got lucky but they are such great images so well well worth the effort .
I always felt that the hanger would take time
To re do the floor alone Re screed perhaps roof works as well as a very nice fit out to a good high finish
Such a big space it’s looking impressive would loved to have seen the main part of the hanger with more equipment in but even so we are getting close guys and girls
May I add what great working conditions and views from the offices overlooking the main part - bit jealous
Feel like my spurs team best stadium best training base bit of a tight and over optimistic chairman and just need the players now to get to the top
Good luck all LTH
Hi BB thanks for your reply and I hope you are well
Yes this is what I mean but more detailed than I would have presented
This takes time they are doing this correctly in my opinion
I am expecting very shortly an RNS to inform the market our new warehouse operation is complete
Take a look at this this very much looks like AFCs new office s just been fitted out - looks very nice if so -
https://www.linkedin.com/posts/office-concepts-uk_construction-buildings-project-activity-6808016184760406018-5P0O
Chicken or egg what comes first ?
You have the product ready for mass distribution then hire sales teams
Or you get sales in before to generate leads and enquiries and then base you start up size to replicate the interest ?
It’s not my field but I think he has just about made the right call.
Out of interest How would you have organised this in terms of staffing?
Personally I always felt Adam was being a bit over the top with money saving last year in terms off staffing to enter so many different types of markets .
After so Long on this board I don’t see why there is slightly more patience (not trust as I’m aware that’s not gonna happen with you in terms of the chairman) as you must be in a strong enough position to be slightly more relaxed than others .
I disagree that he has done nothing but understand why that’s assumed .
He would have been the main reason in the early stages of attracting clients through his own network plus networking pretty hard from scratch to the construction industry .
I would confidently say he drew the interest from Mace and held meetings with other construction companies .
I’m also aware that after Mace was announced that almost the next day it drew leads from all the leading Large construction contractors .
I sometimes post leads to AFC just in case it’s of interest and I can assure you from what I know that Tom is working hard and drawing leads and building continued interest from clients which is just through asking .
I think Tom’s role in sales that also meant he had to address and raise interest in our product to the construction side. This may have been a new field for him but I’m very happy as they had no one else at AFC at the time who had links to construction as far as I could tell through linked in to really enter that market . so to secure such a deal from scratch with Mace and drum up that much interested in the construction sector in such a small space of time was in my view great work and I’d say he is worth his place in the company without doubt.
I could not locate the purchase cost of one of these solar pods only rental costs but none the less some of their case studies show a great saving on diesel consumption and benefits for constructin once construction losses the diesel rebate .
Of course AFC is a completely different Modle and far superior in my opinion and would save even more costs by using our system but the pod case study just gives a idea of how much in terms of costs construction may save in diesel costs by leasing one of our units not Including all the other benifits of us using ammonia and our zero emissions fuel cells .
https://www.easycabin.co.uk/downloads/EC_SolarPod_CaseStudy_Basildon_2020.pdf
https://www.theconstructionindex.co.uk/news/view/construction-to-lose-red-diesel-rebate-in-2022?amp=1
Thank you for the link
Yes I was of the same thinking in terms of storage and that it would not make a huge difference in terms of current practises in certain settings
Would you be aware of the number of solar pods initially trialed at Your company ?
In aware in mid 2019 Nixon Hire ordered 60 of these units in trenches of 20 and at the time stated that this was the fastest growing sector in hire at the present time with blue chip companies mandating the use of various sustainable products and demanding that the supply chain follow suit
It would be nice to know how much each unit costs (I’ll try and research further ) and how many was placed for trial but I’m guessing it was a healthy amount and something similar if possible for AFC would be extremely positive for us share holders
The problem is Trevinvests is that longtermers have been able to read this share over the last year or two more easily
And also some may have cashed out a large amount or portion on their shares at the Highs we had not Long ago whilst then trading with what ever is left - this is fine but it becomes a problem or more so a bit unfair that they then feel the need to add comments that can dampen sentiment and added to their history of knowledge makes other long term investors very annoyed-
They was also in a positions not so long ago I assume where this was done to them so it’s a shame they do this
This is the world and game we live in but some should know better really but they also have stayed the course and earned their right I suppose to be able to trade in this way -
It’s not nice but Glad you have your eyes wide open
Hi Shuggy great post and I also think MACE are very Serious and alongside the company you work for are clients that are in a very powerful position to open up the market for AFC in the UK and beyond - the power they have to influence government and the rest of the construction industry is with out doubt if and if everything aligns and the numbers match up for both parties then this could really snow ball for AFC into a great numbers or orders from large leasing companies
Deployment in early 2022 should mean production starts long before in preparation .
From my understanding this will be a lease agreement for the units to power multiple site
For this to be cost effective to AFC then this surely must be based on a long term lease but is this for say two units that would get moved to different sites different settings at keys times or would this be many multiple units at each location
The number to be leased may be key - if it is just two units then AFC must have been given a potential number of units that could be ordered by future leasing to make this worth while .
We know it takes a couple of months roughly for each unit to be made with current staffing so we could expect that to be doubled or more with additional staff and techniques used - at some stage soon there has to be an announcement on production on these units
We really also do need to see the green ammonia and associated equipment being used fully as this I think would raise my confidence
I’d also like to know on how it will be stored on site and who will be housing the ammonia in-terms of safety as this is also a hurdle to overcome and get used to
Have you used diesel generators on a large scale on your projects in either central London or major construction projects? If so Do you see any issues with the storage of ammonia against diesel on sites
Market leading alkaline fuel cell technology
Growing list of international partners
Field demonstrated technology
Highly skilled team of 40 now growing to 100
Strong balance sheet of £62 million
Growing order book
Capital light manufacturing technology
20 billion diesel gender market must be decarbonised
The systems are modular scalable and transportable
They have a high level of fuel efficiency 60% at fuel cell module
Playing to their strength through use of green ammonia fuel to provide a lower cost of power around a 1/4 of the cost and transportation of direct hydrogen
At that was just the beginning of the presentation
If anyone feels that this company is not going to go places then I’d defiantly suggest selling up and Leave for others to take their chances
Or else you just end up looking like a no good deramper who spoils honest debate
you only have one life live it right
In the 2019 presentation
Market Sizing and Go To Market Strategy
In early 2018, AFC Energy engaged international consultancy, FTI Consulting, to conduct a market study into the size and opportunity for AFC Energy’s fuel cell platform
Key findings confirmed challenges with chlor alkali target market due sector benefitting from very low power prices – with some notable exceptions
Confirmed opportunity for diesel offset in sectors ranging from: Ports
Construction
Mining / oil and gas
Remote communities and islands
Military
One area which AFC were looking to get into and the Only area of late not to really be mentioned by them is the military
I’m wondering if that’s still an area of interest for them or if they have the hands full ? The Uk military certainly would cover all areas they wish to enter into - data centres, marine ,ev charging and a UK government awarded contract would be a certain game changer .
https://amp.theguardian.com/environment/blog/2011/apr/21/military-carbon-saving-laser-hybrid
look on line on the AFC main website under presentations you may get a guide to the following model
H-PowerTM EV Charger : Timeline for Delivery and Pricing
Standard modules – increasing capacity as market grows
H-PowerTM EV Charger
20kW
available now for delivery in 2020
160kW
available now for delivery June 2020
480kW
available for delivery from 2021
1MW+
available for delivery from 2022
Pricing
Initial capital investment from £5,100 per kW to £10,500 per kW dependent on capacity dependent on size and configuration Operating cost of 30p/kWh (using ammonia fuel) for fast and rapid charging
Tailored solutions
Non-standard sizes available
Battery and fuel cell size can be varied to manage availability Bespoke solutions available including local private micro grids. We can find operating partners to take off balance sheet.
We will procure fuel if customer desires
Hats off to Ian Thomson it quite refreshing and exciting and a great improvement with PR and keeping us updated please register your interest in the event to afcenergy@fticonsulting.com no later than 5 pm on the 23.4.21
Sorry I was a bit lazy earlier here is a link to the council I mentioned earlier which will give you some insight to the role that Mace plays - this is how I think the government interaction can/will come into play with AFC
https://www.theconstructionindex.co.uk/news/view/leadership-council-spreads-its-wings-and-morphs-into-something-else?amp=1
I agree with BB2 I have been quietly confident HS2 could be a test bed for AFC there is a lot of loose links but it’s certainly a good shout with MACE .