focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Hi Heath, the full quote;" Performance data from the POWER-UP trials and multiple cartridge runs at Stade, supported from analyses done by the Paul Scherrer Institute in Switzerland, have demonstrated the technical and commercial viability potential of the 240kWe system in subsequent, value-engineered, system iterations, and are considered key to swiftly converting these agreements to commercial contracts. "
I think the salient words in the bit you've highlighted are 'have demonstrated' and " subsequent, value-engineered, system iterations'. It's a bit of a mangled sentence but it reads to me as though all the different tests already done, and the performance data obtained, along with the Paul Scherrrer Institute's analysis of this data, have contributed to the fuel cell's commercial development and this will produce signed contracts. Anyway that's how I read it.
Hi Maninshed, unless there's something new to add, I can't see it would be necessary, now that Tetrolite has found it for us. If they were going to RNS it, they should have done it yesterday when it came out.
And what we really want; "The alkaline fuel cell technology at the heart of the project belongs to UK-based AFC Energy PLC. A number of pre-contractual agreements have been signed by AFC Energy in the course of POWER-UP to deliver multi-megawatts of electricity. These agreements are evidence of the potential global demand for electricity from alkaline fuel cells, not excluding the thermal output and localised water production opportunities. POWER-UP is a stepping stone in the Coordinator’s transition from an R&D company to a fully-commercial business, which is well underway. Performance data from the POWER-UP trials and multiple cartridge runs at Stade, supported from analyses done by the Paul Scherrer Institute in Switzerland, have demonstrated the technical and commercial viability potential of the 240kWe system in subsequent, value-engineered, system iterations, and are considered key to swiftly converting these agreements to commercial contracts. "
"Seen in this context, the project’s ultimate outputs, a functioning alkaline fuel cell (AFC) pilot plant, situated within a major chemical park in the north of Germany and connected to the region’s power grid, with the requisite increase in manufacturing capacity to produce multiple fuel cell stacks at an accelerated pace, while still maintaining stringent quality criteria, are an excellent demonstrator for the potential of AFC technology and a stepping stone for the Coordinator to proceed with larger installations that would effectively compete with many of the ‘mainstream’ technologies available today. "
Alkammonia officially finishes on the 30th June. Presumably they've tested the cracker on its own and AFC are presumably still testing the stack on its own. I seem to remember that around the time of the AGM it was said that they'd just got the cracker, so, if they had created a system with the two combined by the end of April, that system will have been running for about 2 months by the 30th June, so it could have completed 1500 hours by then, but who knows whether that is considered enough or whether they were on schedule?