Afc Energy Share Discussion Threads

[ride the wave] 09/3/2015 08:20

Step by step , we are getting there !!!

Nice RNS

[skinny] 09/3/2015 07:23

AFC Energy plc (AFC.L), the industrial fuel cell power company, is pleased to announce the successful operation of its first 101 fuel cell stack cartridge at an industrial gas facility in Germany.

Highlights

· AFC's first 101 fuel cell stack was successfully trialled in the UK and then shipped, installed and has operated in Germany since 3 March 2015
· Initial gas flow, thermal management and consistency of individual fuel cell performance across the 101 fuel cells are all in-line with expectations
· 101 fuel cell stack, housed within the new KORE system cartridge, affirms the engineering of the fundamental building block of AFC's commercial fuel cell offering
· 100% increase in cell stack size (51 cells to 101 cells) in just 47 days
· Fuel cell electrodes assembled using state-of-the-art robot in recently enlarged electrode fabrication facility at AFC's UK headquarters
· Production of fuel cells for 101 cell stacks that will feature in KORE commissioning at Air Products in Stade, Germany in July 2015 are now being manufactured
· Acceleration of POWER UP programme remains on track

The successful operation of AFCs first manufactured 101 fuel cell stack affirms delivery of the fourth key milestone in the 2015 POWER-UP programme (as articulated in AFC's RNS of 8 December 2014) and reaffirms AFC's ongoing confidence in the deliverability of the fast track execution timetable for delivery of the 240kW KORE fuel cell system scheduled for the second half of 2015.

The 101 fuel cell stack was initially tested at AFC's UK facility in late February, then shipped to Germany, installed and has been operating continuously since 3 March 2015. AFC's technical team were highly encouraged that initial gas flow, thermal management and consistency of individual fuel cell performance across the 101 cells are in-line with expectations. The relative uniformity of fuel cell performance affirms the quality focus of AFC's increasingly automated manufacturing and production facilities.

Whilst the first successful 101 fuel cell stack trial demonstrates the operability of the fundamental building block of the KORE system, it also allows AFC to consider alternative products of varying capacities modularised at the size of the 101 cell cartridge, rather than a single focus on the previously scoped 240kW KORE system. In this context, AFC's market offering becomes increasingly flexible to meet the needs of smaller energy requirements (in integers of 10kWs). AFC is currently in discussions with potential customers and partners who are assessing opportunities sized at the single cartridge size which again widens AFC's possible market potential and commercialisation potential in the short term.

Adam Bond, AFC's Chief Executive Officer, said: "The rate of progress made by AFC's technical team over the past three months in progressing beyond the 25 cell stack, through the 51 cell stack and up to a full complement of 101 fuel cells is unprecedented in AFC's history. The milestone in our technology development places AFC in a strong position to now generate robust technical data that will support our aggressive commercialisation strategy."

"I'm exceptionally proud of our technical team for the focus and positive response they have given to the extremely challenging timelines set when I accepted the role of CEO back in December. It continues to reassure my confidence in AFC's leading alkaline fuel cell technology and positions us well for commercial deployment opportunities in the very near term," Bond added.

[ride the wave] 08/3/2015 12:52

101 stack results due this month .

Some of us are long term investors where 10% /20% swings mean nothing (lol) .

This will either be worth pounds or nothing .

I will be sitting on a 10 or 20 bagger within a few years , so keep bashing !!


LMFAO

[beeezzz] 03/3/2015 12:02

Did wonders for the share price Hmmm

They should all be working on minimum wage the rest in shares until they make a profit that would concentrate the minds a little.

[norbus] 03/3/2015 10:33

Very diluted!

[skinny] 03/3/2015 07:14

AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce its preliminary results for the year ended 31 October 2014.

FY14 Highlights

· Announced strategic partnership with Air Products PLC ("Air Products") at Stade, Germany, within the POWER-UP programme
· Invested in semi-automated manufacturing capability at Dunsfold facilities in advance of commercialisation
· Signed MoU with Allied New Technologies to evaluate feasibility of fuel cells in the US chlor-alkali market
· Foster Wheeler successfully completed HAZOP review of KORE system
· Saw initial commercial traction in South Korea with discussions ongoing
· Appointed Christopher Tawney as Finance Director and Company Secretary
· Revenue increased to £796k (2013: £768k).
· Net research and development expenditure decreased to £1.28m due to increased grant funding levels (2013: £1.48m)
· Diluted loss per share of 2.42p (2013: 1.88p)
· Net cash amounted to £4.9m as at 31 October 2014 (2013: £6.9m)
· Raised £6.1 million through placing and Open Offer

Post Period Highlights

· Appointment of Adam Bond as Chief Executive Officer
· Successful trials of 25 and 51 cell stacks and on-track for successful demonstration of 101 cell stack in Q1 2015
· Announced series of milestones to accelerate POWER-UP programme and delivery of KORE system by 18 months

[skinny] 03/3/2015 07:12

AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce its preliminary results for the year ended 31 October 2014.

FY14 Highlights

· Announced strategic partnership with Air Products PLC ("Air Products") at Stade, Germany, within the POWER-UP programme
· Invested in semi-automated manufacturing capability at Dunsfold facilities in advance of commercialisation
· Signed MoU with Allied New Technologies to evaluate feasibility of fuel cells in the US chlor-alkali market
· Foster Wheeler successfully completed HAZOP review of KORE system
· Saw initial commercial traction in South Korea with discussions ongoing
· Appointed Christopher Tawney as Finance Director and Company Secretary
· Revenue increased to £796k (2013: £768k).
· Net research and development expenditure decreased to £1.28m due to increased grant funding levels (2013: £1.48m)
· Diluted loss per share of 2.42p (2013: 1.88p)
· Net cash amounted to £4.9m as at 31 October 2014 (2013: £6.9m)
· Raised £6.1 million through placing and Open Offer

Post Period Highlights

· Appointment of Adam Bond as Chief Executive Officer
· Successful trials of 25 and 51 cell stacks and on-track for successful demonstration of 101 cell stack in Q1 2015
· Announced series of milestones to accelerate POWER-UP programme and delivery of KORE system by 18 months

[ride the wave] 02/3/2015 18:39

Your days are numbered !!!

Silly de rampers .

Lol

[beeezzz] 02/3/2015 18:00

A friend of mine invested in CFU has been informed they are suspended, hopefully by the thumbs or the neck, another great green energy idea the world found to expensive to bother with;..... la-di-da.

[norbus] 02/3/2015 10:54

You're better off riding a camel

[ride the wave] 01/3/2015 18:28

101 STACK RESULTS DUE THIS MONTH !!!

Can't wait .

[norbus] 01/3/2015 18:20

Sure it has; what has AFC contributed to these statistics?

[city chappy] 01/3/2015 13:02

hxxps://www.kenresearch.com/energy-and-utilities/clean-technology-industry-/europe-fuel-cell-market-research-report/560-103.html

"The fuel cell market shipments in Europe have witnessed astonishing growth at a substantial CAGR of 12.7% during the period 2008-2013"

[city chappy] 01/3/2015 12:24

What a strange person you are.

[city chappy] 27/2/2015 10:06

Looks good.

[city chappy] 27/2/2015 10:00

I heard they expect early sales of £20m per year plus ongoing cumulative revenues from electricity generated and the outlicensing deals.

[new tech] 27/2/2015 09:53

Part 12 of the thread heading lists some of the progress and validations, and Parts 1 - 10 show some of the routes to market already lined up.

In addition, if the 101 stack 250 kW fuel cell trial is successful next month, Bond has already said they will do some outlicensing deals in Q2 2015 - potentially generating revenues, before first commercial deployment of a revenue generating 250 kW KORE system in H2 2015.

[new tech] 26/2/2015 22:19

Evening Norbus.