Afc Energy Share Discussion Threads

[new tech] 14/2/2015 22:13

Abramovich-Backed AFC Discusses Tie Ups to Start Fuel-Cell Sales
Bloomberg
by Louise Downing
13th February 2015



AFC Energy Plc, a U.K. fuel-cell maker backed by Russian billionaire Roman Abramovich, is talking to 10 to 12 companies with “household names” over setting up partnerships to help it push the technology to market.

AFC is targeting the U.S., South Korea and Southeast Asia where there’s support for fuel cells, Chief Executive Officer Adam Bond said in an interview in London. The first deals from the talks should be in place within the next quarter, he said.

The company’s fuel cells, which convert oxygen and hydrogen into power and heat, are for industrial and utility-scale sites. Unlike wind and solar, they provide a continuous power supply.

Tie-ups will vary depending on the needs of the partners.

“We could sell equity stakes in AFC, form joint ventures, act as a tolling agent where we process the hydrogen for a fee and sell the power back to the grid, or process the hydrogen and sell electricity back to the company,” Bond said.

Since becoming CEO in December, Bond has brought forward a timeline for commercial deployment of AFC’s systems by more than 18 months. It plans to install a first commercial unit at an Air Products & Chemicals Inc. site in Germany in December.

“AFC has been working on research and development of its fuel-cell technology since 2006 and it’s now time to bring it to market and return some value to shareholders,” Bond said.

It plans to install 50 to 100 megawatts in five years, with possible sales of more than 20 million pounds ($31 million) a year. It’s also looking to grow beyond chemicals to industries such as refining and steelmaking, as well as homes, Bond said.

AFC in July agreed to two deals to install units in South Korea. It raised 6.1 million pounds in October from investors including Abramovich’s Ervington Investments Ltd., which now owns more than 15 percent of the business.

[city chappy] 14/2/2015 22:11

AFC will be bigger than Ballard Power Systems.

[city chappy] 14/2/2015 22:03

Great news.

[new tech] 14/2/2015 21:25

Abramovich-Backed AFC Discusses Tie Ups to Start Fuel-Cell Sales
Bloomberg
by Louise Downing
13th February 2015



AFC Energy Plc, a U.K. fuel-cell maker backed by Russian billionaire Roman Abramovich, is talking to 10 to 12 companies with “household names” over setting up partnerships to help it push the technology to market.

AFC is targeting the U.S., South Korea and Southeast Asia where there’s support for fuel cells, Chief Executive Officer Adam Bond said in an interview in London. The first deals from the talks should be in place within the next quarter, he said.

The company’s fuel cells, which convert oxygen and hydrogen into power and heat, are for industrial and utility-scale sites. Unlike wind and solar, they provide a continuous power supply.

Tie-ups will vary depending on the needs of the partners.

“We could sell equity stakes in AFC, form joint ventures, act as a tolling agent where we process the hydrogen for a fee and sell the power back to the grid, or process the hydrogen and sell electricity back to the company,” Bond said.

Since becoming CEO in December, Bond has brought forward a timeline for commercial deployment of AFC’s systems by more than 18 months. It plans to install a first commercial unit at an Air Products & Chemicals Inc. site in Germany in December.

“AFC has been working on research and development of its fuel-cell technology since 2006 and it’s now time to bring it to market and return some value to shareholders,” Bond said.

It plans to install 50 to 100 megawatts in five years, with possible sales of more than 20 million pounds ($31 million) a year. It’s also looking to grow beyond chemicals to industries such as refining and steelmaking, as well as homes, Bond said.

AFC in July agreed to two deals to install units in South Korea. It raised 6.1 million pounds in October from investors including Abramovich’s Ervington Investments Ltd., which now owns more than 15 percent of the business.

[replicas1967] 14/2/2015 07:30

Excellent coverage from yesterday

www.bloomberg.com/news/articles/2015-02-13/abramovich-backed-afc-discusses-tie-ups-to-start-fuel-cell-sales

[norbus] 13/2/2015 09:05

Lanstead deal contaminated the round, put a landmine under the feet of investors

[beeezzz] 12/2/2015 16:35

Whoooooooooooooooo arrrrrrrrr you are awful but I like you.....

Well it was that arrangement or bust I suppose we will never know the real truth? still as I say less money, so better look busy chaps Mr Bond is about and he's got his 9mm Walther ppk

[ride the wave] 12/2/2015 14:04

I've got all the time in the world . Either they do what they say and the price goes crazy or it goes belly up . Every share is like that so AFC are no different in that respect .

Patience is the name of the game - long term .

[holism] 12/2/2015 08:43

Give the new guy a chance please. Ian Williamson was hugely overpaid for what he didn't achieve at AFC, the remuneration committee (another AIM fiasco) should be held to account. I am hopeful Mr Bond will deliver his goals which happen to be ours too. The company stood still for 2 years i think this will be the year make or break.

[norbus] 12/2/2015 08:24

bz
10 years of chicanery is too long. bitter? no way . I love fighting corruption

[broshm] 11/2/2015 18:18

This is AFC thread .
Can anyone give any idea , however slight , how the SP
can and is being controlled ?

[beeezzz] 11/2/2015 17:21

I know just being a 42 carat plonker, which isn't hard, AIM has driven me to the edge of insanity.

Good luck with that one! whatever happens don't become bitter and twisted or go completely mad.

[norbus] 11/2/2015 14:19

you can edit the original

I would like to bring a lawsuit against fraudulent directors and join the LSE in the proceedings. Bet I win and get a complimentary bear raid on a puffed up financial services business

[beeezzz] 11/2/2015 13:59

Edit...That should have been perpetual motor...the company is Steorn

[beeezzz] 11/2/2015 13:54

NB....Noticed ITM been on a roller coaster ride lately, recovering now.

You are right it is easy to be fooled by technology experts. However, most of the time its due to the company not being honest with their shareholders in the first place, to understand technology you need an in depth knowledge or explanation not only of the technology but also the problems that still need to be resolved, most investors understand that R&D will take time, not forever thou.

Company time frames are always over optimistic which personally cons investors out their money. AIM as always a total disgrace.

Just to give you an idea I was checking out a company that says its developed the perpetual battery, hard to believe right, Its an Irish company worth a google.

[norbus] 11/2/2015 13:25

Itr is easiest thing to get fooled by technology; Peter Hargreaves chairman of ITM at the time, had a nessianic moment seeing the light under the bushel, Bond has yo get through the school of hard knocks yet

[beeezzz] 11/2/2015 10:53

Considering this technology was proved over 100 years ago, AFC either do not have the personnel or the brains to turn their FC design into a cost effective energy source. Maybe it only works in Space, has anybody seen it working on the open days Hmm, probably not.

The company seems to be just producing hot air, I don't believe anything they say now, it is quite obvious they still have design issues with reliability, energy output, hydrogen quality, not to mention finance issues, you name it they've got it.

RTW....If you think they will meet March deadline think again my friend they have not met any deadlines yet, it will be 2 years this summer since they achieved 12 month longevity makes you wonder why they couldn't get a product to market since then, still at least you will be able pick these up for 5p then, I hoped to be proved wrong!!!!!!!!!!!!!!!!!!!

[new tech] 10/2/2015 20:43

AFC could overtake Fuel Cell Energy and Ballard. Nice cheap technology approach, strict cost controls, and partners like Akzo Nobel, Dow Chemicals, Westinghouse, Linc Energy, etc. will all benefit the bottom line.

[city chappy] 10/2/2015 20:05

Even better if they can be $540 to $780m before profit. Think what they could be after profit. Think what AFC could be. Its happening. AFC 'KORE' goes commercial this year. LOL.

[norbus] 10/2/2015 16:55

NT...Not sure any of those US FC companies have ever made a profit, they tend to rely totally on subsides, somebodies getting rich out of the US tax payer.

[beeezzz] 10/2/2015 16:31

NT...Not sure any of those US FC companies have ever made a profit, they tend to rely totally on subsides, somebodies getting rich out of the US tax payer.