Afc Energy Share Discussion Threads

[bluepill] 10/3/2015 10:31

It's only gone up 20%. Don't get too excited and cash in yet. Rees still a gap to fill up to 20p at least. Once this news permeates there will be secondary rises later in the week.

[norbus] 10/3/2015 10:22

bz

at last; good luck to all who sail in her, but don't spend it all at once; The J/V has to deliver revenues and profits after if ties up the plant; bit of work yet; If this was foreseen, Williamson would not have given the game to Lanstead

[wilfy75] 10/3/2015 10:11

The more I look into it, the more this feels similar to NANO - another tech company I'm invested in. HUGE potential, relationships with S Korean and other companies, very close to a commercially active business but not quite there yet - still exposed to a few ups and downs pending cashflow and genuine NI (in other words good for long term holds who don't mind short term losses and for traders too). Fair?

[holism] 10/3/2015 10:05

Hasn't AFC already got MOUs with companies like Sainsbury, I can't remember its such a long time ago!! Newtech you will know.

[new tech] 10/3/2015 09:59

Bond has also said they will do deals with UK "household names".

[struppy] 10/3/2015 09:40

This is only the first deal.Others will follow!
The Germans are on the ball as well!
I have been to Stade,Germany.
Fantastic place

[johnwalsham] 10/3/2015 09:34

Going down now

[daveperry] 10/3/2015 09:31

Anyone got any info about the time needed to produce a fuel cell stack. Worked in engine manufacturing 600 diesel engines in a 7.5 hour shift. If AFC can automate the process to achieve a quick build is good.

But if it takes a week not good.
I have no idea of the process.

[holism] 10/3/2015 09:13

We still have to get rid of Lanstead

[ride the wave] 10/3/2015 09:11

$1 billion lol lol lol .

If Carlsberg done RNSs ...

Well done AFC and all the believers !!!

Now where's that fluffin mug de ramper gone ???



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[struppy] 10/3/2015 09:05

The de- rampers have lost their plot!
Beezzz can't even spell Akzo Nobel correctly !
Our day has come!

[new tech] 10/3/2015 09:00

Its a big project, an entire Fuel Cell 'Park', which takes time to set up. The key thing is that it is now in the pipeline and will provide significant future revenues (AFC's share of $10 billion over 10 years). They also say the partnership will conclude further similar deals, so more announcements and revenues to come.

We also know from yesterdays announcement they will be offering a range of fuel cell sizes (in integers of 10kWs). These smaller units can be manufactured and deployed quickly, generating near term revenues. "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."

[holism] 10/3/2015 08:49

Activity at last!!

[tidy 2] 10/3/2015 08:39

-- Joint venture between the three companies with indicative participating equity interests of: AFC Energy (40%); Samyoung (45%); Changshin (15%)

[trotterstrading] 10/3/2015 08:38

Still lots of open questions, financing, timelines and such but very positive none the less!

[tidy 2] 10/3/2015 08:38

Nothing happening until end 2016

[21trader] 10/3/2015 08:26

Getting the pump and dump treatment by twitterman spamming advfn under his enviropaul username he will back as lightfield later

[dolores123] 10/3/2015 08:16

Got in at 10.7 this morning!

[enviropaul] 10/3/2015 08:14

AFC contract worth $1billion announced vs £25m market cap.

these were 50p+ 2 years ago

Todays multi multibagger!!

[gkp heros] 10/3/2015 07:17

JLP 2 million buy at close last night JLP re-rate will continue a 10 bagger in the making here!!!Game changing news to come in march!!!!DYOR

[skinny] 10/3/2015 07:17

AFC Signs Milestone 50MW Deal with Samyoung and Changshin for the Commercial Deployment of Fuel Cell Technology in South Korea

AFC Energy plc (AFC.L), the industrial fuel cell power company, is pleased to announce that it has signed a formal Project Development Agreement ("PDA") with two South Korean partners: Samyoung Corporation ("Samyoung") and Changshin Chemical Co. ("Changshin") for the deployment of an initial 50MW of fuel cell generation capacity in Daesan, Korea.

Highlights

· 50MW of installed fuel cell capacity across two phases
· Expected revenue of approx. US$1bn for the joint venture over 10 years of operation
· First phase of 5MW to be operational by end of 2016 (subject to permitting)
· Second phase of 45MW forecast to be operational by end of 2019 (subject to permitting)
· Joint venture between the three companies with indicative participating equity interests of: AFC Energy (40%); Samyoung (45%); Changshin (15%)

This landmark deal confirms AFC Energy's transition from research and development to a global energy company working in collaboration with two of South Korea's most reputable companies.

South Korea's strong incentives in the deployment of fuel cell technologies has brought significant investment and employment opportunities to the Daesan region, which AFC Energy is proud to support.

Assuming a gross output of 50MW from the fuel cell park, the joint venture is expected to generate revenues from the sale of electricity and Renewable Energy Certificates (RECs) over a 10 year period of just under US$1bn.

The project reflects the start of a partnership between the three companies, which is expected to see multiple projects developed beyond this first project. Negotiation of the suite of project agreements is expected to commence immediately having now established the framework principles for collaboration within the Joint Development Agreement. The exact details of the investment each party will make in support of the joint venture is still subject to negotiation but it is expected that each party will make an upfront contribution, either in cash or in kind. The parties also intend to secure project finance for the joint venture. The parties are set to commence development of a feasibility study for the project to establish the basis of design and economic analysis in support of a more detailed project engineering assessment, further details of which will be supplied in due course.

It is proposed that AFC Energy will sell its alkaline fuel cell equipment into the joint venture along with providing technical and operational advice to the joint venture participants. Between Samyoung, which will manage the development of the project as Engineering Procurement and Construction and permitting of the 50MW project, and Changshin, which will supply hydrogen, land and logistical support on site, and AFC, the partnership creates an environment, which will drive a successful and profitable enterprise in the execution of this project.

more...

[fredd] 10/3/2015 07:12

tonsil,
That looks like good timing!