Afc Energy Share Discussion Threads

[mrjagger24] 16/11/2021 08:34

You would be crazy to sell now much more upside incoming

[hugotanha] 16/11/2021 08:23

buy rumor sell news

[haggismchaggis] 16/11/2021 08:19

The brokers will absolutely love this news. No S series sales were priced into their targets or valuations. A huge 200lw compact system opens up many markets such as rail and shipping too.

[jonny_wright] 16/11/2021 08:07

Congratulations to all holders, been a frustrating year since last December but finally we can see new highs soon

[astubbs67602] 16/11/2021 08:05

Hopefully this is day 1 of the Advent Calendar!

[charlie9038] 16/11/2021 07:54

Lovely order, I'm wondering what the PAM is, this is just the start.
GLA

Today, President Biden signed into law the “Infrastructure Investment and Jobs Act” – a historic achievement for e-mobility. We salute the Biden Administration and U.S. Congress for this infrastructure package, providing over $30 billion in EV investments.

[dolores123] 16/11/2021 07:51

AFC and ABB building a substantial long term relationship!!

[bmel] 16/11/2021 07:39

Impressive that this was kept strictly confidential until formal announcement.

Very good progress for AFC.

[howling007] 16/11/2021 07:31

.
Well done all.
Congratulations
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[jakecat1] 16/11/2021 07:19

Congratulations to AFC and all long term holders. Like good ketchup coming out of a bottle this has taken its time coming. I am confident though that this is just the first dollop of the good stuff.

[jumpenjim] 16/11/2021 07:15

my wish has been granted thank you afc ;-)

[skinny] 16/11/2021 07:02

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ABB Places First GBP4m "S" Series Fuel Cell Order for Use in High Power e-Mobility Charging

And

Subscribes for GBP4m of Warrants in AFC Energy

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce the strengthening of its partnership with ABB B.V. ("ABB") in the area of high-power e-Mobility charging through execution of its first Sale and Development Agreement ("the Agreement") in parallel with a subscription for new warrants in the Company.

Highlights


-- ABB orders first AFC Energy "S" Series fuel cell system
for high power e-Mobility charging with a total contract
value of GBP4m.
-- Proceeds of the GBP4m order will be paid over a combination
of system deployment milestones; first upfront payment of
GBP2m invoiced immediately.
-- The Agreement fast tracks AFC Energy's high energy dense
"S" Series anion exchange membrane ("AEM") technology with
delivery now expected ahead of schedule.
-- Final system procured by ABB to have nameplate capacity
of 200kW and be capable of hydrogen and ammonia fuelling.
-- 200kW system to be engineered within 10ft shipping container
(excl. ammonia cracker) illustrating market leading energy
density of AFC Energy's alkaline fuel cell technology.
-- Order follows the successful integration trials of AFC Energy's
"L" Series fuel cell technology with ABB's energy storage
and high power EV charging platforms over the summer of
2021.
-- GBP4m subscription by way of warrants at an exercise price
of 58.8 pence per share gives ABB the option to increase
their shareholding in the Company ("the Warrant Subscription").
-- Contracted delivery of "S" Series 200kW system scheduled
for early 2023.
-- Order builds on Joint Product Development Agreement and
Commercialisation and Marketing Agreements signed with ABB
in December 2020.
-- 200kW "S" Series product specification to complement parallel
use cases in data centres, heavy duty motive (such maritime)
and off-grid power markets where ABB and AFC Energy are
also collaborating.
-- Both ABB and AFC Energy are engaging prospective customers
of the new "S" Series system, highlighting the customer
pull for the fuel flexible, high energy dense system performance.

Frank Muehlon, President of ABB's E-mobility Division, said : "With the accelerating transition to electric vehicles there is an increasingly urgent need for additional fast charging capability and particularly in cost effective areas that are not grid connected or where the grid is constrained. Following our successful system integration in Europe over the summer, we believe AFC Energy's new high power dense, zero-emission, hydrogen fuel cell system to be an important part of our solution that will allow us to make EVs accessible to everyone and further promote sustainable e-Mobility globally."

Adam Bond, Chief Executive Officer at AFC Energy, said: "We are delighted to receive our first "S" Series fuel cell system order from ABB, following twelve months of high-quality collaborative work between our two companies. ABB's GBP4m order enables AFC Energy to deliver a 200kW "S" Series charging system in early 2023 which is a material acceleration when set against our previous target of delivering a 10kW stack in the same period. AFC Energy is committed to supporting ABB in delivering sustainable e-Mobility infrastructure to the world's growing fleet of electric vehicles. We believe our new "S" Series fuel cell platform will become the "go to" high performance fuel cell technology capturing multiple fuelling strategies, whilst affording best in class AEM power density and efficiency".

Sale and Development Agreement - High Power e-Mobility Charging Applications

In December 2020, AFC Energy and ABB signed their first partnership agreements to create the next generation of high power sustainable electric vehicle (EV) charging solutions for grid constrained locations. These systems are to be powered by AFC Energy's zero emission fuel cell technology.

The identified target market is ABB customers in regions where grid connectivity is absent or constrained for high power EV charging - a challenge becoming increasingly prevalent with the increase in vehicle electrification and the growing demand for rapid charging capability.

Over the summer, both companies successfully delivered a fully integrated charging system at ABB's packaging facility in Estonia. AFC Energy's "L" Series fuel cell technology was operated in conjunction with ABB's energy storage and EV charging technology for the first time, validating the operability and communications architecture developed by the companies in the first half of 2021.

Following progress made by AFC Energy in delivering on its new high energy dense "S" Series AEM fuel cell technology, ABB and AFC Energy have now entered into a Sale and Development Agreement ("the Agreement") for the purchase of a 200kW hydrogen powered fuel cell generator.

The fuel cell generator is expected to demonstrate a market leading energy density from an anion exchange membrane fuel cell and be housed in a container approximating the size of a 10ft shipping container. Importantly, the generator will be able to utilise both hydrogen and ammonia (as a hydrogen carrier) as its primary feedstock.

Proceeds received by AFC Energy under the Agreement will total GBP4m. Of this amount, GBP2m will be payable upon the signing of the Agreement, with two equal remaining milestone payments receivable on validation of system performance. Proceeds will be used to support the costs of system development and testing, together with recovery of AFC Energy overheads and the system's overall purchase cost.

The 200kW system will be deployed at a customer or corporate location of ABB's choosing.

Warrant Subscription

To further align the interests of ABB and AFC Energy, ABB has been granted warrants to subscribe for 6,802,720 Ordinary Shares in the Company at an exercise price of 58.8 pence, being the market closing price on Friday 12(th) November 2021.

The warrants vest across three contingent tranches linked to receipt by AFC Energy of milestone payments under the Sale and Development Agreement, including the GBP2m payment receivable upon signing. The warrants have an exercise period of twenty-four months from the date of each respective tranche's vesting date.

Any shares acquired under the terms of the warrants must be held for a minimum of 6 months following issuance. The warrants will not be transferable and will not be listed on AIM or any other exchange or market.




-- ABB orders first AFC Energy "S" Series fuel cell system
for high power e-Mobility charging with a total contract
value of GBP4m.
-- Proceeds of the GBP4m order will be paid over a combination
of system deployment milestones; first upfront payment of
GBP2m invoiced immediately.

-- GBP4m subscription by way of warrants at an exercise price
of 58.8 pence per share gives ABB the option to increase
their shareholding in the Company ("the Warrant Subscription").

-- Both ABB and AFC Energy are engaging prospective customers
of the new "S" Series system, highlighting the customer
pull for the fuel flexible, high energy dense system performance.

[jimmynan] 15/11/2021 16:21

I'm afraid their comms are down..... :(

[mr sossidge] 15/11/2021 16:06

Earth to AFC... do you read me over..?

[winston8643] 15/11/2021 13:50

Right place right time, proven technology, very large partners ,with global reach , leaders in their fields .Further interest from end users and people worried about moronic cfd traders. I know what I am happy with , LTH our day is just round the corner.

[hicon] 15/11/2021 13:19

@jumpenjim
I heard,
On December 6th, Adam Santa Claus arrives with a sack full of orders 😉

[jumpenjim] 15/11/2021 12:53

I just wish we would get some news from the company to this share price motoring

[prmoldoaks] 15/11/2021 12:16

Lite the touch paper :-)

hxxps://energysiren.co.ke/2021/11/12/forestry-and-agricultural-tractor-market-may-attain-a-new-growth-trajectory-players-hydrogenics-corporation-afc-energy-plc-bloom-energy/

[hugotanha] 15/11/2021 11:48

Bagged 35% not long ago and put all on ALCBI, now I'm 2360% up. Bawshhhh

[haggismchaggis] 15/11/2021 10:43

"The Saudi government has also announced last July plans to invest as much as $18 billion in the construction of hyperscale data centre facilities across the country."
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"Over the past 25 years, ABB has been a market leader in the design and delivery of innovative, efficient and sustainable data center electrical solutions, working with many of the world’s largest hyperscale and colocation data center operators to drive down energy consumption and improve security of power supply."
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[money multipier] 15/11/2021 08:12

Looks like lots of potential for AFC on this. Ricardo involvement and importing large amounts of green hydrogen and ammonia at Shoreham Port.

[haggismchaggis] 14/11/2021 22:41

Global investment in electric vehicle charging is not enough to meet demand, according to estimates from Siemens Financial Services (SFS).
.
In new research released by the firm, it’s estimated that the size of the global investment gap for EV charging infrastructure currently sits at around $45.25 billion from 2021-2023. However, without a significant increase in investment, that gap is set to widen to $104.11 billion between the years of 2024 and 2026.
.

[haggismchaggis] 14/11/2021 22:22

The biggest indicator of a possible RNS tomorrow, would be the trading update RNS in 2018 on exactly the same date. In 2019 and 2020 the trading update was earlier, but those years AB was not at the biggest climate convention in history, showing our system and signing at least one agreement. As COP finished on Friday, AB should have been back logged into work at the weekend, updating the draft trading update with his news and thoughts from COP26, ready for an RNS tomorrow. The only thing that would prevent that IMVHO is if he's had to go off to sign other agreements or deals at the weekend.