Afc Energy Share Discussion Threads

[deccer1] 26/7/2017 23:56

Mostly sales.Still loss making them.

[mazeltov] 25/7/2017 22:49

A lot of sales are actually bought orders

[beeezzz] 25/7/2017 14:03

petro....

What was nice about it....the weather...or has Bond pulled a rabbit out of his pocket.

I'm getting a bad smell of BS....

[norbus] 24/7/2017 12:52

As Hillary Clinton said, why aren't they 50 points ahead

[petrocelli2] 24/7/2017 09:42

A clip from Adam Bond's BBC Radio Surrey interview was run on the 9am news on BBC Radio 4... nice

[norbus] 24/7/2017 07:14

Is this smelly! who is paying? will that keep the bubble in the air?
RNS out and no one comments

24 July 2017
AFC Energy PLC
("AFC Energy" or the "Company")
AFC Energy Commences FEED on Landmark Hydrogen Fuel Cell Micro-Grid in Surrey at Dunsfold Park
AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce it has executed a term sheet with Dunsfold Park Ltd. ("Dunsfold Park") to commence Front End Engineering and Design ("FEED") work on a landmark hydrogen micro-grid at the Dunsfold Park site in Surrey, UK.
The FEED will commence immediately. {{ suggesting operational which is NOT, but a study }}

Highlights

· AFC Energy to commence FEED study for an initial 1 - 1.5 MW hydrogen fuel cell micro grid, sufficient to power up to 2,500 homes, as part of the Dunsfold Estate Masterplan residential and industrial redevelopment
· FEED study to deliver a fully engineered project and cost estimate of +/-10%
· The hydrogen micro-grid is the first known initiative of its kind in the world
· The micro-grid as envisaged will install at varying stages:
o 1 - 1.5 MW of AFC Energy hydrogen fuel cell generation capacity
o AFC Energy integrated hydrogen battery
o hydrogen vehicle refuelling station
o electric car recharging points (sourced from hydrogen fuel cell generation)
o low grade heat integration from the AFC Energy fuel cell

· The scheme will be supplied with "green" hydrogen sourced locally via bio-methane
· Plans to deliver the micro-grid across multiple phases commencing second half of 2018 in line with demand from the Dunsfold Park site
Dunsfold Park is home to AFC Energy's head office, and under its site redevelopment Masterplan, is scheduling the development of an initial 1,800 new homes and green space, co-existing with light industry, to create one the UK's largest residential and industrial brownfield redevelopment projects.
AFC Energy and Dunsfold Park have executed a Term Sheet which seeks to deploy up to 1 - 1.5 MW of the Company's fuel cell systems on site as part of a residential and industrial energy micro grid to meet the growing needs of the redeveloped site.



The scheme expects to be supplied with "green hydrogen" sourced locally from bio-methane (anaerobic digestion facility) making the proposition an entirely renewable and clean micro-grid which could have application not only across the UK, but could also be replicated internationally across all brown and green field residential, commercial and industrial developments. {{ and pigs might fly}}

The clean micro-grid is entirely consistent with the Dunsfold Park renewable energy strategy and that of the UK Government's industrial policy and policy of building more stability, flexibility and resilience into local power grids through the decarbonisation of the national power grid.

AFC Energy will commence work on the FEED in August 2017 to fully engineer and cost up the project to +/-10% cost accuracy before sanction is given by both AFC Energy and Dunsfold Park. The commercial terms of project ownership, power pricing and revenue sharing (expected to be in excess of £25m over the 20-year life of the project) will be developed in parallel. Furthermore, both parties are interested in considering different delivery and ownership models including a joint venture.

Power generation from the fuel cell facility in conjunction with the existing solar farm on site, will make Dunsfold Park the only Business Park in the UK with a micro grid supplied entirely by a combination of hydrogen / renewable derived energy, highlighting the importance and prominence of this project in the context of the UK energy market.

The timing for delivery of the project will be divided into multiple phases in recognition of the growth trajectory for new energy demand in conjunction with the site's redevelopment initiatives. Indicatively, the parties hope to deliver the first 0.5 - 1 MW of installed generation capacity in Q4 2018 and the second tranche of installed power capacity by the end of Q3 2019.

Jim McAllister, Chief Executive of Dunsfold Park Ltd, said: "We are delighted to be collaborating with AFC Energy, a long-time tenant of Dunsfold Park on this nationally significant hydrogen fuel cell project. We look forward to seeing the results of the FEED study and endorse the initiative's full alignment with Dunsfold Park's clean energy strategy which has permeated all of our redevelopment activities over the past few years. Initiatives such as this collaboration with AFC Energy further highlight Dunsfold, the Borough of Waverley and the County of Surrey's prominence at the forefront of renewable energy technologies."

Adam Bond, AFC Energy's Chief Executive Officer, said: "As long-term tenants of Dunsfold Park, we are delighted to now be collaborating in the commercial deployment of AFC Energy's fuel cell technology. The introduction of hydrogen derived from renewable sources is a particular highlight of the proposed scheme and re-emphases the potential innovation in sourcing long term, sustainable hydrogen for our fuel cell projects. This scheme offers the potential for national and international replicability and could become a benchmark in localised hydrogen micro-grids. We look forward to working closely with Dunsfold Park in delivering this important clean energy initiative for the region."

For further information, please contact:

AFC Energy plc

Adam Bond (Chief Executive Officer)

[beeezzz] 20/7/2017 13:39

Who you calling a clown....RTW is quieter than Mr Bond!!

[muto] 20/7/2017 12:18

I notice all the resident clowns are quiet today.

[howling] 20/7/2017 06:37

It would be a shame to have to sell any of these fuel cells. Such kudos.

[howling] 19/7/2017 18:25

Are the batteries any good for glow in the dark items?

[beeezzz] 19/7/2017 17:18

NB....

I'm putting all my holding on 36 red should bring in a couple of quid....if it wins

[norbus] 19/7/2017 11:14

I heard he is gambling for a win and chasing rainbows.

[beeezzz] 19/7/2017 10:58

Well Bond had done something this year, increased cash burn, nice one.

SP reflects companies position, not impressed, radio silence as well, doesn't bode well fellow holders....

[norbus] 18/7/2017 16:36

RTW must have his order filled by now. Or maybe he filled his pants? either way, he is in sh1t street

[mazeltov] 18/7/2017 15:45

Unless they can get involved with cars and bikes there solutions to power are dead in the water

[bionicdog] 18/7/2017 14:55

Come on ridethebus , this is your loading up price.

[norbus] 18/7/2017 14:46

Amazed it is holding up; Some delusions are hard to dispel

[norbus] 18/7/2017 09:53

5p; Binary

[howling] 14/7/2017 20:41

raspberries kisses ppppprrppppprrrpppp