Afc Energy Share Discussion Threads

[norbus] 13/5/2015 07:54

I spy with my little eye a funding round beginning with F

[liam1om] 13/5/2015 07:29

Excellent news. Exactly what we wanted to hear.

[ride the wave] 13/5/2015 07:24

Everything is on track ...roll on July .

[skinny] 13/5/2015 07:04

AFC Energy plc (AFC.L), the industrial fuel cell power company, is pleased to provide an update on progress towards delivery of the Company's first 240kW KORE system at Air Products' Stade facility in Germany.

Highlights

· POWER-UP schedule remains on track for initial power production in July 2015
· Successful completion of KORE HAZOP review
· Successful completion of initial HAZOP review of KORE buildings, utilities and facilities, follow up actions underway
· Successful completion of explosion protection study of KORE in Germany
· Concluding phases of final building permit
· Deep foundations and site preparation works completed on site
· KORE construction ongoing with completion expected in time for July 2015 start up at Stade


Significant developments over the past few months include:

· Following a process hazard assessment of the KORE fuel cell module design using the Hazard and Operability (HAZOP) methodology, the KORE has passed a further independent and rigorous examination of its design safety functions. This is a significant step in the design validation of AFC Energy's fuel cell technology and builds upon the HAZOP undertaken previously by Foster Wheeler in October 2013. The HAZOP review was organised and moderated by leading German process engineering consultancy plantIng GmbH, with the support of AFC, the consultancy firm Efficientics and industrial gas partner Air Products plc. It was performed in AFC Energy's Dunsfold offices during a two day session on 25-26.03.2015. In the HAZOP method used, the set of piping and instrumentation diagrams (P&ID) of the KORE module were examined in small sections. Each of these has a specified design intention. Parameters which describe the design intent were then evaluated systematically in order to identify deviations and evaluate their effect. During the review, experienced process safety engineers led a multi-disciplinary engineering team in a robust examination of all safety aspects and functions of the KORE balance of plant and cartridges design. The output of this process has been a HAZOP report with clear actions and responsible parties defined to maximise process safety. These actions have now been implemented by AFC.

· Following the KORE HAZOP review in March 2015, AFC commissioned and received an explosion protection report drafted by the German consultancy firm Efficientics according to German industrial health and safety regulations and relevant technical standards. This report has confirmed that the KORE system assembly is classified as a "safe area", i.e. there is no area within the KORE module where an explosive atmosphere may occur, i.e. an ATEX zone. This result, in conjunction with the recent successful conclusion of the KORE HAZOP review, establishes the inherent safety of the KORE module design for use in an industrial setting.

· A further process hazard assessment of the structure and facilities designed to house the KORE system in Stade was undertaken using the HAZOP methodology. This subsequent review took place in two sessions, in Cologne on 10-11.02.2015 and in Hamburg on 28-29.04.2015 and was again led by engineering consultancy plantIng GmbH. The results of this review again provided a positive response to the safety accreditation of the building and facilities designed to integrate with the KORE operations on site in Stade. All recommendations and actions arising from the facilities HAZOP are being addressed by AFC. This is the first time a HAZOP has been undertaken on the facilities set to house the KORE and further validates the robust design being adopted by AFC across the integrated hydrogen supply, facilities, structures and KORE system within an industrial setting.

· In addition to the KORE module and associated facilities, a HAZOP has also been completed regarding the Air Products hydrogen let down station and supply pipeline to the AFC facility. Orders have been placed for all key hydrogen supply components required for connection to the KORE plant.

· AFC and its advisers, Artelia and plantIng, are continuing to work closely with local regulatory authorities on the final building permit for the Stade facility. We are confident this process is drawing towards a successful conclusion over the coming weeks and will provide the basis for construction of the remaining aspects of the Stade facility necessary to house the KORE system and associated utilities and infrastructure.

· Work has now been completed with regards the deep foundations of the facilities that will house the KORE system. This work has been completed to schedule and to budget. Final activities are now being concluded with regards the shallower foundations for the plant; these are expected to be completed over the coming weeks.

· The KORE module itself continues to be developed and constructed in Coventry, UK, and is on target for completion in time to allow commencement of operations at Stade in July 2015.

In summary, the POWER-UP schedule of works continues in accordance with the schedule outlined in AFC's RNS dated 8 December 2014, with commencement of operation still anticipated in July 2015.

Mr Adam Bond, AFC's Chief Executive Officer, said: "We continue to make great progress towards the successful deployment of AFC's first KORE system in Germany in the second half of this year. The challenging target set in fast tracking the deployment timetable by 18 months, and having the KORE delivered and operational by July 2015, has to date proven deliverable and we continue to wait in anticipation of a successful demonstration of the KORE system in July."

[beeezzz] 12/5/2015 12:16

Yes raising money but how and from where that is the ? Thanks shaunstar for your financial advice it has been noted.

I see this is progressing well in Thailand.....

[beeezzz] 12/5/2015 11:05

Well let me think Hmm....nope not any yet!!! Next year maybe, when and if German grid pay them.

[norbus] 11/5/2015 15:59

So where is the revenue? The tills don't lie

[hereford29] 11/5/2015 14:12

cheers! :)

[markbarker] 11/5/2015 13:49

Buying more

[hereford29] 11/5/2015 12:07

of course they need to raise more money. And it was either negligent or a calculated backhander to raise money at 10p last time.

[beeezzz] 11/5/2015 11:49

NB..

You could be on to something there, with your idea of Camels farting into a fuel Cell, obviously they would need to be on Bakebeans diet all sounds good to me.

Just hope Miss Moneypenny is not disappointed, ha well at least me old gold miners are up today, now where did I leave my Camel.

[ianous] 11/5/2015 11:32

Shaunster you may be correct there might be a placing before year end. Though its worth remembering that apart from the last placing which initially looked bad but has proven to be positive the previous two placings saw the share price rise significantly. If AFC go to the market to raise fund s to step up manufacturing to meet orders this will be a positive sign.

[norbus] 11/5/2015 11:21

You hallucinating again? I will be delighted if AFC succeed, as I would any company that ends the siege of fossil fuels; I just have a few doubts about where Bond is going with this company. GLA

[ride the wave] 11/5/2015 10:08

Yeah , another MUG like you Norbus .

Didn't you say do not buy afc at 7-10p ???

Must be MUG o clock !!!

😝

[norbus] 11/5/2015 07:52

shaunstar is making the obvious caveat. Bond will RNS the Royal Camels Farting Methane next week and have the gas through an AFC fuel cell .

Obvious that a funding is on the way to come through before AFC goes to sleep for a couple of years. shaunstar is saying do not get caught

[shaunstar] 11/5/2015 07:40

Gents, if your a trader or chasing momentum then you may know what your'e doing here. But make no mistake this company is not an investment.... they will raise money before the end of the year- of that there is no doubt. Costs minus revenues (after taking into account monthly share sale scheme they have running) show money running out. Just take a look at the chart and the history of ramps and subsequent falls.

Only posting as saw a few sad stories of people losing lots of money previously.... this isn't a 'safe' investment. In the medium term, you will lose substantially.

[ride the wave] 11/5/2015 07:33

Nice RNS - they sound very bullish on AFC fuel cells .

This is only the beginning ...

[new tech] 10/5/2015 18:22

Powerhouse Energy (PHE) are due to commence their first public demonstration of the new PHE Gen3-UHt Gasification System (energy from waste) in Brisbane this week, eventually to be linked to AFC fuel cells.

PHE's current market capitalisation is just £6.6m @ 1.70p share price, against a sales pipeline said to be worth over $1 billon - so substantial potential upside.

[howling] 07/5/2015 19:30

Waiting for the dividends me. Please Vote