Member Info for Southerhay

Morning Chucky. From yesterday’s Interims…”ACCIONA Power Tower system undergoing final commissioning before deployment to Spain over the next fortnight ”

The grammar in that hydrogen article is shocking. Worse than some of AFCs website at the start of the week!

Are you for real? What a joke. You clearly don’t have a clue what markets (plural) AFC are aiming at. Filtered!

Or infiltration from “terrorist states” trying to undermine the transition away from fossil fuels?

It’s always easy to say how things can be done differently. They probably didn’t need to produce anything based on the contacts they have. I think they’ve responded to PIs by producing something like this. It’s difficult to determine who will actually view the video when so much content is on YouTube but hats off to them for delivering something I say and it shows they have listened in my opinion.
Good weekend everyone. We have some PR.

Seg - then why come out with smartar$e comments. Subtle negativity strikes again!

Well I’m encouraged that they’re doing something to promote themselves at last. I don’t give a monkeys that the lab isn’t state of the art as that shows they’re not being frivolous. Many people have been crying out for a long time that we need more PR. Let’s give them credit where it’s due and not diss them at every opportunity. What a horrible place this has become !

DW - I took you off filter as I guessed you had replied to my post. I can read.

I said I had emailed AFC earlier in the week. The power tower absolutely would be suitable for genset replacement at airports, hence my email to them. My email was nothing to do with Costain or the Kier news.

Now try turning that into something negative- you’re an expert in that for sure.

I emailed AFC earlier this week about EasyJet. The Power Tower would be an ideal replacement of the many diesel gensets around airports.

DW - and that’s not personal? I’m surprised AB hasn’t taken you to court for the number of personal attacks on him from you !
So, another green filtered message from now or in your case about 20 filtered messages per day on average.

Absolutely DW, in order for there to be a lease there would have been a sale to the leasing company, unless of course AFC becomes a leasing company as well.
I very much hope that there’ll be sales to other partners such as ABB. But the discussion point really is that the end use company needs confidence that the product works before signing lease contracts or purchase deals and this is done via the trials that are now coming to fruition. That’s step 1. Step 2 of sales/leasing agreements will then follow, everyone here is hoping.

Morning DW - leasing is the word, not sales. That is going to be their focus. And in the meantime, as every company would do with a brand new product, they are going to try before the leasing companies (hopefully) buy. It’s a standard process.

What does “justify there market cap” mean?

Thanks Sturmtrupper….“BP Plc is taking the lead in the $36 billion Asian Renewable Energy Hub, a project that aims to install 26 gigawatts of solar and wind farms over a vast 6,500-square-kilometer (2,500 square-mile) stretch of Western Australia’s Pilbara region, and use the electricity generated to split water molecules into hydrogen and oxygen. Once fully developed, each year it would produce about 1.6 million tons of green hydrogen or 9 million tons of ammonia, which can be used to make fertilizer. ”

Interesting that they see the market in fertiliser but not that the H2 properties of the ammonia could be reformed to produce a huge amount of Hydrogen, far more than the 1.6m tons quoted. I think ammonia use needs far more PR than it’s getting.

DW - you quote an actual order. We have a new partnership with Kier for them to trial the fuel cell. I doubt very much that the lease terms for an initial trial will be anything like that if they were to place a multiple order lease directly or via a lease company. It’s too early to include financials at the trial stage in my opinion.

Excellent news and another great partnership. Well done AFC !

DW - don’t tell me that, tell AFC that they should have IR board member. I don’t give a monkey’s if it’s BOD or not as long as someone is in that role. Clearly, as a start up they don’t see it as a BoD role.

DW - Comms and Investor Relations is not a board level post.
I suggest you look at each of their profiles on LinkedIn. This will provide you with a potted history of their experience and the organisations they have worked for. I suspect we’ll all be impressed with their experience (otherwise they wouldn’t be on the BoD).

DW - let’s have a quick summary of our board members, excluding AB:

Gary Bullard - Chairman and NED
an experienced Chairman, non-executive director and executive with a successful international career in the Industrial and Information Technology industries.

Jim Gibson- Chief Operating Officer
30 years’ experience in operations management and business development roles within the engineering contracting sector

Graeme Lewis - Finance Director & Company Secretary
an experienced chartered accountant and CFO who has held senior positions across multiple jurisdictions in listed and PE backed companies, including some of the world's largest distributors of temporary and off-grid power systems. Graeme holds a degree in mathematics from Cambridge University.

Gerry Agnew - NED
regarded as one of the world’s leading experts in the field of fuel cell technology and systems following an esteemed career at both Rolls-Royce and LG Fuel Cell Systems Inc. Dr. Agnew served as Senior Fellow on the Rolls-Royce Council of Fellows, attending the Group Chief Technology Officer’s Technology Strategy workshops with the Group CEO.Dr. Agnew spent seven years as Chief Technology Officer and Chief Technology Advisor to LG Fuel Cell Systems Inc and prior to this, Chief Technologist of Rolls-Royce Fuel Cell Systems, Executive VP Engineering at Rolls-Royce Fuel Cell Systems and Chief Engineer Fuel Cell Systems at Rolls-Royce.

Joe Mangion -NED
a Chartered Accountant, brings to the Board over 20 years of operational experience within the environmental services and alternative energy sectors, including five years as an institutional investor and over five years as an independent consultant

Monika Biddulph -NED
has gained a wide range of experience in commercial, operational and technical aspects of international technology businesses during her executive career. Currently Monika is also a Non-Executive Director on the boards of D4t4 Solutions plc and Ilika Plc. She holds a PhD in Experimental High Energy Particle Physics from the ETH Zurich.

Sounds pretty experienced to me!

Totally agree Alt-muddle. We’ve said the same thing.