Afc Energy Share Discussion Threads

[holism] 10/1/2012 08:20

Whether you like it or not this is the first fuel cell of its kind, there will be teething problems as with any new technology, if there weren't everyone would be at it. The company is confident that the fuel cell will commercialize and there are many pointers to support the management view.The question as always is how long will it take and at what point will AFC require more money. If the trials go well and the final push is a no brainer the funds will be available at a sensible price.If on the other hand more time is needed a different picture may emerge.Market conditions will also have an influence.Its the same with any technology company. I have faith in the new MD. You should meet him Jacknife and if you do I would be very interested in your view, particularly if its different to mine. I like the company and will maintain a decent shareholding commensurate with risk..

[victor384] 09/1/2012 22:05

AFC Energy Beta fuel cell systems generate first industrial power
09 January 2012

[beeezzz] 09/1/2012 16:43

The trials seem to be moving along nicely, field trials will put the icing on the cake, as am sure they have been testing these for a very long time in-house.

Once clients see the potential they will many orders.

[ianous] 09/1/2012 12:28

Jacknife - you do make me laugh :0)

Even though I'm invested in AFC i look forward to your digs at the company as when AFC start selling their fuelcells and start making some serious money i can't wait to hear you admit just how wrong you called this. And I'm sure your Man (or Woman) enough to take it on the chin and publicly admit you were wrong.

And if AFC do a fundraising (which we are told is unlikely until 2013 but nothing is imposible in AIM) then my guess is it will be to fund comercialisation and will be well recieved by the market.

[marcleo3] 09/1/2012 11:31

AFC Energy
www.afcenergy.com
AFC Energy is engaged in the design and development of low cost alkaline fuel cells.
Full AFC Energy profile here

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AFC Energy starts power generation with fuel cells at Akzo Nobel plant
10:47 am by Andre Lamberti AFC's fuel cell technology is focused on large scale industrial applications
Shares in alkaline fuel cell maker AFC Energy (LON:AFC) were lifted by the company's announcement it has started electrical power generation at AkzoNobel's Bitterfield plant in Germany.

The company announced early October that it had completed commissioning of two commercial-scale systems at the plant. The Beta fuel cell systems have been generating electrical power at the site since late last year, it said today.

Shares in the group rose strongly in morning trade, but gave back gains later in the session. At 10.46 am, the stock was trading up 1.6 percent at 32 pence.

The two systems are fuelled using AkzoNobel's industrially produced hydrogen.

This work follows a series of trials that the company has been carrying out using a Beta system installed at its UK facilities. AFC Energy uses its own in-house pilot manufacturing to fabricate electrodes required for testing.

This is the first commercial reference site for the generation of data and demonstration of the whole Beta system. The company expects to be able to publish results from the trials after their completion.

Chief executive Ian Williamson said: "This development is significant because it confirms our route forwards and paves the way for the commercialisation of the technology for industrial power generation in our primary target markets. We are collecting data to demonstrate the successful operation of the fuel cell in this industrial application."

AFC's technology is focused on large scale industrial applications.
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[holism] 09/1/2012 08:06

Slowly slowly!! Good start to the year, many questions come to mind. All will become clear over the next few months.I guess three months would be a good time frame.

[fredd] 09/1/2012 07:11

TIDMAFC

RNS Number : 1806V

AFC Energy Plc

09 January 2012

09 January 2012

Embargoed until 07:00

AFC Energy plc

("AFC Energy" or the "Company")

AFC Energy's 'Beta' Fuel Cell Generates First Industrial Power

AFC Energy (AIM: AFC), a leading developer of alkaline fuel cells, is pleased to announce that further to its announcement on 3 October 2011, it has commenced electrical power generation at AkzoNobel's Bitterfield plant in Germany.

AFC Energy's Beta fuel cell systems have been generating electrical power at the AkzoNobel site since late last year.

The two Beta commercial-design fuel cell systems, installed since October 2011, have since been equipped with electrodes for trials, and are fuelled using AkzoNobel's industrially produced hydrogen. This work follows a series of trials that the Company has been carrying out using a Beta system installed at its UK facilities. AFC Energy uses its own in-house pilot manufacturing to fabricate electrodes required for testing.

This is the first commercial reference site for the generation of data and demonstration of the whole Beta system. The Company expects to be able to publish results from the trials after their completion.

Ian Williamson, CEO of AFC Energy, said: "This development is significant because it confirms our route forwards and paves the way for the commercialisation of the technology for industrial power generation in our primary target markets. We are collecting data to demonstrate the successful operation of the fuel cell in this industrial application."

Ends

[piadda] 08/1/2012 00:15

I have been looking into investing in AFC. I had an unfortunate investment back in ZETEK in about 2000. They also manufactured alkaline fuel cells based on Russian technology but went bust. The patents were acquired by Cenergie Corporation in which I also had a few shares. It seems to be unclear if they are still trading. Some of the Russian directors seem to be part of Independent Power Technologies (IPT). Has AFC anything to do with these companies or their patents?

[broshm] 05/1/2012 11:31

zzz when will we get some news ?

[beeezzz] 30/12/2011 12:03

A report in the Telegraph said that energy prices could increase by £4,660 for every household, which is really going to kill the economy off.

If this happens I can see companies looking at any alternative to supply there own electricity, not only for supply security but to cut costs and there carbon foot print, so any company that has a by-product that can produce hydrogen will be looking at AFC, when and if the results of the beta system are proven to be cost effective and reliable in the field trials, I can see the orders for small capacity fuel cells taking off.

[rovi57] 30/12/2011 11:08

ianous, totally concur with the above. Re Tim Yeo, in the last Parliament, Tim was Chair of the cross-party Environmental Audit Committee. He has now been elected Chair of the Energy and Climate Change Select Committee and as you say is well placed to help advance the AFC cause.

[al h] 29/12/2011 09:30

Hmmm interesting timing for your posts Transforma. Can't imagine why you would decide to divulge your considerate concerns right now ....

[holism] 29/12/2011 09:30

Thanks for your views boys. No point continually being negative the country needs a lift right now so try and be more positive if you can, but if you cant please be negative somewhere else.

[transforma] 28/12/2011 20:07

Ahhhhhh yes, Ian Williamson, of course.

Ianous, thank you for being polite and funny.

My view stands that they will need money before they have a product to sell and will consequently have to raise it at a much lower price than 30p.

You mentioned ITM, I am not going to ramp here but in two years they have turned it into a real business with products and now revenue. That's what AFC need to do, but they don't have two years of money left. If Williamson turns out to be another Cooley than you have a chance, but I doubt he is.

CWR whose company I also keep is a complete disaster for the very reason that I outline with AFC. They still have no saleable product and the timeline for achieving product is past cash out and so they will take an astonishing hiding at the funding Round. Hence the £9m valuation with £20m in the bank!

So when I look at AFC with it's £55m valuation and £4.5m in the bank I can't make it add up.

[solardave] 27/12/2011 21:51

Here are the revenue estimates for AFC from the Allenby Capital note back in July 2010. (£k)/ year ending October:

2009A -
2010E 538
2011E 1,614
2012E 10,675

So they were meant to do £1.6m this year and over £10m by October. And to date about £200k in total across all years.

Hmmmmm

Dave