Member Info for Stefan79

Hello, could someone ask a question for me during today's conference call with Air Products, if possible? How extensively are they using ammonia and ammonia crackers? What are their plans in this regard, and are they considering collaborating with other companies like AFC or H-POWER? Thx

Https://www.linkedin.com/posts/afc-energy_powering-net-zero-with-hydrogen-meet-the-activity-7436689785118674944-oBEG?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAACSdWdkBLpUzr35BLPnMIxQpegIbrh-Th5Q&utm_campaign=copy_link

Stefan:

https://www.linkedin.com/posts/metiertechnologiesltd_hydrogen-h2ice-afcenergy-activity-7434976850591776768-oLe_?utm_source=share&utm_medium=member_android&rcm=ACoAACSdWdkBLpUzr35BLPnMIxQpegIbrh-Th5Q

https://www.linkedin.com/posts/finnsharky_batterystorage-cleanenergy-electricplant-ugcPost-7434943280079081473-x3Kk

https://www.linkedin.com/posts/jordon-cullen_a-great-first-day-at-afc-energys-showcase-activity-7434647542610640898-RxF_?utm_source=share&utm_medium=member_android&rcm=ACoAACSdWdkBLpUzr35BLPnMIxQpegIbrh-Th5Q

https://www.linkedin.com/posts/fuel-cell-systems-ltd-_hydrogenrefuelling-decarbonisation-cleanenergy-activity-7434985822371684352-7YTq?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAACSdWdkBLpUzr35BLPnMIxQpegIbrh-Th5Q&utm_campaign=share_via

https://www.linkedin.com/posts/alexschlich_hydrogen-ammonia-activity-7435012407145697280-YM5g?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAACSdWdkBLpUzr35BLPnMIxQpegIbrh-Th5Q&utm_campaign=copy_link

It's not like gas stations leak and explode, like with Nel.

Question for the cracker: At what pressure does the compressed hydrogen escape?

Thanks for your opinion that it's nonsense. Could the partnership also be such that AFC buys the measuring and production instruments for its plants from ABB?

I’ve been closely following the collaboration between ABB and AFC Energy lately, and the outlook for the coming years (especially leading into 2026) looks incredibly promising. We are clearly moving past the pilot phase towards true industrial scaling.

Why the potential is so high:

Decarbonizing Industry: ABB is leveraging AFC’s alkaline fuel cell technology to provide zero-emission power in locations where the grid is insufficient. This is a massive market for mobile EV charging hubs and "green" construction sites.

Data Center Reliability: The successful validation of the "S Plus" fuel cell systems has proven that hydrogen is a viable, clean alternative to traditional diesel backup generators.

Economic Scaling: While AFC Energy is aggressively driving down production costs (targeting up to an 85% reduction for new units), ABB provides the global infrastructure and industry trust needed to roll this technology out worldwide.

My Take:

With AFC Energy aiming for commercial profitability by 2026 and ABB deeply integrating these systems into their electrification portfolio, we are seeing a powerful synergy. ABB’s deep-rooted expertise in the process industry provides the perfect foundation for this success.

For those interested in the technical details and ABB’s broader footprint in this sector, check out their official site:

👉 ABB Solutions for the Chemical Industry

https://new.abb.com/chemical

I find it strange that when someone shares a link that might be interesting for AFC Energy, and perhaps of interest to us investors, they receive only 1 like. But a critic who insults and abuses this poster receives 25 likes. I also don't like the underlying tone you're using and the way you insult each other. Can't you leave each other alone and still discuss AFC like gentlemen?

I appreciate your expert reports on AFC, but I'll leave it at that: your knowledge is the only truth, and you assume that it could only be private individuals and not companies, government officials, or foundations.

The link from the AFC website that I posted clearly shows that most of the shareholders subject to reporting requirements (>3%) are companies holding shares on behalf of retail clients.

Why do they assume they must be retail clients? Do they have a link that states they are retail clients? Or is it pure speculation?

Der Link von der AFC-Website, den ich gepostet habe, zeigt deutlich, dass die meisten meldepflichtigen Aktionäre (>3 %) Firmen sind, die Aktien im Auftrag von Privatkunden halten.

Wieso nehmen sie an, dass es privatkunden sein müssen? Haben sie einen Libk in den es steh

Https://portal.ammoniaenergy.org/page/lead

Looking at the "Big Picture": Why Ammonia Infrastructure Will Force a Revaluation

Hello everyone,

Don't let the daily zigzags and low liquidity unsettle you. Those who only focus on today's share price are overlooking the fundamental "big picture" that is currently developing for AFC.

Why am I so relaxed? Because of ammonia.

1. Global Availability (The Underestimated Factor)

The biggest problem with hydrogen is transportation. But the solution is already here: ammonia.

It is already one of the most traded chemicals in the world.

Ports, ships, and terminals exist globally. The infrastructure is in place.

It is the perfect, energy-dense carrier for hydrogen.

2. AFC Holds the "Key"

The ammonia is there – but how do you get the energy out? This is where the AFC Ammonia Cracker comes in. It is the technological link to convert globally available, inexpensive ammonia into clean electricity on-site.

AFC isn't just building generators; AFC is building access to the global energy supply.

3. The Upcoming Revaluation

Currently, the market still sees AFC as a small "developer." But as soon as it's realized that AFC has solved the logistics problem of the hydrogen economy (through on-site cracking), the stock will have to be completely revalued.

We are sitting on a technology that connects a global infrastructure (ammonia) with local demand (electricity). That's the leverage for the future, completely independent of what the share price does on a slow-volume Tuesday.

Focus on the Technology

Guys, enough discussing personnel and names. That won't get us anywhere. Let's refocus on what AFC will actually make money from.

I've looked at the figures again. The crucial battle AFC needs to win isn't against other hydrogen companies, but against the diesel generator.

Here's the math for 2026+:

Price pressure: Red diesel has become more expensive (tax breaks gone), and CO2 pricing is increasing.

Parity: AFC's goal with the new crackers is to produce hydrogen from ammonia at costs competitive with diesel (below £5-6/kg H2 equivalent).

The requirement: From 2030 (and already in effect in London), diesel emissions will be banned on many construction sites.

The investment scenario:

If AFC proves that they can supply electricity "on-site" at the same price as diesel – but without CO2 – then it is no longer an "eco-project", but a purely economic decision for every construction manager.

Subject: Mea Culpa & Clarification: Why the "Real" Nick Walker Is Even Better for Us

Hello everyone,

I caused some confusion earlier by mixing up the two "Nick Walkers" (the oil CEO and the analyst). There must have been a name similarity that led me astray.

I'll be completely honest about that: My mistake.

But I believe that part of the quality of a forum is correcting oneself when one realizes one has been wrong, instead of clinging to an error. True strength is shown in admitting mistakes and setting the record straight. I wish everyone here would handle it that way; then we'd have fewer rumors and more facts.

The good news is:

After thoroughly examining the profile of the "real" Nick Walker (our CSO), this might even be better news for us shareholders than the oil manager.

Our Nick Walker comes from Peel Hunt, where he was a top analyst for clean tech. This means:

He knows the City of London and its institutional investors personally.

He knows exactly how to value AFC to drive up the share price (because he's done it himself for years).

He's the perfect person for investor relations and bankability.

So: Sorry for the mix-up earlier – but the facts remain extremely positive for AFC.

Best, Stefan

Title: Clarification on Nick Walker: The "Stock Market Pro" (Ex-Peel Hunt)

Hello everyone,

Since the question arose as to who exactly Nick Walker is and what role he plays, here's a brief explanation, as there's a name similarity in the energy sector (risk of confusion with the former CEO of Lundin Energy).

The Nick Walker who recently joined AFC as Chief Strategy Officer (CSO) is the former Head of Renewable Energy & Clean Tech Research at the investment bank Peel Hunt.

Why is this extremely valuable for us shareholders?

He knows the "other side": As a top analyst, he has evaluated companies like AFC, ITM, and Ceres for years. He therefore knows precisely which key figures and "triggers" the major institutional investors in London look at. He knows how to package the AFC story in a way that attracts investment funds.

Direct line to capital: His job isn't the technical side (we have Wilson for that), but rather "bankability." He's the link to the City of London.

Strategy: He's responsible for ensuring that commercialization is reflected in the share price.

In short: He's the man who makes sure the potential translates into financial success. He's the ideal person to manage the share price and communicate with major investors.

Here's his profile for confirmation:

https://www.linkedin.com/in/nick-walker-758a2032

Best of luck to us all!

Nick Walker is one of the most important personnel changes of late, and he's actually the answer to the concerns of your forum colleague "Hydro-Jen".

Here's an overview of what he does and why he's important:

1. Who is he? (A heavyweight)

Nick Walker isn't a scientist, but a top manager from "big industry".

He was CEO of Vår Energi and Lundin Energy, as well as a manager at BP. We're talking about multi-billion-dollar corporations, not small startups. He knows how the big energy business works.

2. What are his responsibilities?

He's a Non-Executive Director. This means he doesn't work on the technical side of things in the office every day, but rather sits on the board (supervisory board/executive board).

His role is strategic:

The "reality check": He brings experience in selling and scaling industrial products globally. He ensures that AFC doesn't just fizzle out, but actually makes money.

Network: He comes from the oil and gas world. These are precisely the people who are now under pressure to go green. He speaks their language and can open doors to huge industrial clients.

Mentoring & Control: He supports CEO John Wilson, but also keeps him in check. He's essentially the "adult supervisor" in the room, ensuring that the plans are economically sound.

Why this is important for you (and the forum):

Hydro-Jen asked: "So who's now controlling what Wilson does?"

The answer is: Nick Walker.

The fact that someone of Walker's caliber (who could have other jobs) is joining AFC demonstrates two things:

He sees real potential in the technology (otherwise he wouldn't risk his reputation).

There's now enough professionalism on the board to prevent the mistakes of the Bond era (empty promises).

In short: He's the man for commercialization and connecting with "real" industry.

Hi Hydro-Jen,

Thanks for the honest answer. We seem to agree more than I thought. The fact that your recent purchases are profitable is definitely the best sign – the momentum finally seems to be turning.

I completely agree with you about the past: The old model under Bond, as it turned out, wasn't economically sustainable ("selling £10 for £5" is unfortunately a good way to put it). But that's precisely why I'm glad Wilson is now at the helm. He strikes me as much more down-to-earth and focused on commercial reality, not just on the show.

Your point about the chairman and oversight is valid – a strong check and balance is always important. I simply hope that market and shareholder pressure will force Wilson to deliver some concrete results now.

If the news in the coming months confirms that the cracker technology works and is economically viable (as predicted in the Fact.MR report as a market trend), then we'll have turned things around. Let's hope the delays simply mean they want to do it right this time, instead of rushing and making mistakes.

Here's to continued success!

Regards, Stefan

Hi Hydro-Jen,

First of all, respect for your perseverance. Being invested in a tech stock for 10 years is a long time, and I completely understand that you get frustrated at some point when the big breakthrough is slow in coming.

But one thing shouldn't be forgotten: The last 10 years have been development work in a market that practically didn't exist yet. The environment today is completely different than it was a decade ago (diesel bans, net-zero contracts on construction sites, etc.).

Whether AFC ultimately remains independent or is acquired (which would often mean a lucrative premium for us shareholders) is another matter. My point is: The stock market always trades on the future, not the past. And if the direction is right – meaning that the market is now massively pushing for 'on-site' solutions, as the reports show – then the probabilities of success increase significantly.

I believe the cards are being reshuffled right now because the market is ripe. Let's see what happens. Surprise.

Best regards

Hi Hydro-Jen,

that's quite a bold assumption. 😉

But honestly: people here could just as easily not care what you write – especially since your post has no concrete connection to AFC or facts, but only spreads a general negative sentiment.

We prefer to look at the future prospects here, because anyone who invests is automatically interested in the future (2036).

Cheers

A forecast based on the market's growth potential and AFC's business model (the "razor-and-blade" model: sell units, earn money from fuel).

The AFC Energy Revenue Scenario to 2036

Analysts rarely release figures for 10 years, but we can make a logical calculation based on the market volume and the strategy ("diesel replacement").

The magic word for AFC is "recurring revenue." AFC doesn't just want to sell generators, but also earn money from ammonia fuel (like Nespresso with its capsules).

Here's the potential roadmap:

1. The Start-Up Phase (2026–2028): The Proof of Concept

AFC plans to ramp up production to hundreds of units by the end of 2028 (target: approximately 300+ systems).

Estimated revenue 2028: approx. £40–£60 million.

Fuel: This is where the first profits are made, as development costs decrease and sales pick up.

2. The growth phase (2029–2032): The diesel ban takes effect.

From 2030 onwards, diesel generators will be virtually unusable in many city centers and on "net-zero" construction sites. AFC will then be the cost-effective alternative.

If AFC has 1,000 systems in the field by then.

Estimated revenue 2032: approx. £150–£200 million.

This is where the "fuel effect" begins: The older units sold continue to generate revenue each year without AFC having to do anything other than supply ammonia.

3. The Vision (2036): The Established Player

In this scenario, ammonia has become the standard for construction sites and events.

Let's assume AFC has a fleet of 3,000 to 5,000 active systems worldwide (Europe, Middle East).

A large diesel generator currently consumes approximately £50,000 worth of diesel per year. If AFC were to capture this revenue:

3,000 units x £50,000 fuel/service = £150 million in service revenue alone.

Plus new generator sales worldwide.

Estimated revenue in 2036: £300 million to £500 million per year.

What does this mean for the share price?

On the stock market, growth companies are often valued at 5 to 10 times their revenue.

With £400 million in revenue, the company could be worth £2 to £4 billion.

Comparison today: We are currently valued at under £100 million.

The potential: A 20- to 40-fold increase in the current share price is possible by 2036 in this scenario, provided management delivers.