http://www.afcenergy.com/

Dawnay, Day Corporate Broking Research Note

Aim Admission Document

Oh dear, is it that obvious!🤣

RNS half year results out , lot of info to take in and if it comes off will be interesting .

StockMarketWire.com
Industrial fuel cell company AFC Energy booked a £2.75m annual pre-tax loss, as it continued to prepare its technology for commercial distribution.

Pre-tax losses for the year through April were slightly deeper than a £2.69m loss recorded on-year, when the company received more EU research grants.

AFC Energy's key 'power-up' project had demonstrated the world's largest operational alkaline fuel-cell system at Air Products' industrial gas plant in Stade, Germany.

'Whilst the final basis of design of the fuel cell stack has taken longer than we had hoped, I am encouraged by the results we are now seeing from integrating [partner] De Nora's manufactured electrodes with the company's new and greatly-improved proprietary fuel cell stack design,' chief executive Adam Bond said.

'We can now leverage the rapidly increasing volume of successful operational data that we have recorded from our testing facilities at Dunsfold and Stade to drive new commercial development opportunities.'

so we can all go back to sleep for another 4 years - if the company can actually keep going that long

Same could be said for the R & D company below...

You could be just beside a pool in the med……….boss...boss...the punters want to find out how the company is progressing ? what shall I say ?.....boss (sipping his cocktail) :….put out an optimistic rns….saying how well we are doing....I'll type it out on my laptop before my next dip.....

We've just had another dip , down to the nines again .

Today's RNS.

It could be looked at that a period of nearly a year to fully install and to get the system fully up and running is far too long, or the time period is that the instillation will be far bigger than we initially thought.

Lets all hope it's the latter.

Southern Oil Refinery Update - Receipt of Non-Refundable Deposit
AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to confirm receipt of a non-refundable deposit from Southern Oil Refinery Pty Ltd ("Southern Oil") as referred to in the Company's announcement of 12 July 2018.

The Company will now commence the necessary engineering activities with Southern Oil to confirm the scale and final costing of the AFC Energy fuel cell system to be located in Queensland, Australia. The proceeds from the deposit will be used to fund the conduct of the engineering activities and AFC Energy's associated costs.

We expect this initial engineering work to be concluded by late September / early October 2018 following which we will proceed to a confirmed purchase order for the installation of the system which we expect to be fully installed and available for operation and supply of clean energy to the Southern Oil refinery by the end of the first half 2019.

Further updates will be made concerning progress of this project in the fourth quarter of 2018.

AFC Energy joins Hydrogen Council
AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce that it has been invited to join the Hydrogen Council as a supporting member.

AFC Energy's CEO Adam Bond will be attending The Hydrogen Council's 3rd Annual CEO Event in San Francisco, USA on 13 September.

A copy of the Hydrogen Council's official news announcement is reproduced in full below.

http://www.moneyam.com/action/news/showArticle?id=6115463

You'd think they would have ordered a few units off AFC to buck the share price up a bit eh , to much to ask i suppose .

i hold but fear it's for the glue factory

Southern Oil Refining Fuel Cell System - Update
AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to provide an update on its first commercial order in Australia for a proprietary hydrogen power generation unit from refiner, Southern Oil Refining Pty Ltd ("Southern Oil").

Over the past few months, AFC Energy has conducted initial engineering and supply chain preparedness work in advance of finalising the full suite of terms for supply of a fuel cell system into Southern Oil's Gladstone Refinery during the course of 2019. This work has included several meetings with electrode supplier, Industrie De Nora together with containerisation suppliers that AFC Energy is currently working with to maximise the "plug and play" capability of the fuel cell system in Gladstone.

In the week commencing 15 October 2018, representatives of AFC Energy met with Southern Oil management at the bio-refinery and advanced bio-fuels laboratory site in Gladstone and at Southern Oil's Brisbane based offices to progress the logistics, installation, operational matters and confirm commercial and contractual principles associated with the fuel cell system installation.

Southern Oil is currently reviewing the final engineering design of their hydrogen solution at the bio-refinery which may result in an adjustment to the volume of hydrogen available for the fuel cell system in Gladstone, however, both parties remain ever focused on deployment of Australia's first industrial scale fuel cell system.

Tim Rose, Southern Oil's Chief Executive Officer, said: "We are delighted to continue our collaboration with AFC Energy. It is exciting for us to be the first mover in acquiring AFC's hydrogen alkaline fuel cell. This technology compliments our suite of renewable, waste to energy projects which is focused on delivering economically viable, and environmentally responsible clean energy".

Adam Bond, AFC Energy's Chief Executive Officer, said: "It was great spending the week with Southern Oil and seeing the tremendous work being carried out in Gladstone, Queensland. Southern Oil have designed and built the world's most advanced re-refining plant of waste lube oil back into base lube oil - as well establishing Australia's only Advanced Bio-Fuels Pilot Plant and Laboratory. It is these types of facilities, together with companies such as Southern Oil, where the deployment of zero emission fuel cell systems makes absolute sense. We continue to collaborate closely with Southern Oil's technical team to ensure AFC Energy's fuel cell is fully operational within the timeframe of their advanced bio-refinery, expected to be mid 2019."

Commercial Update
AFC Energy (AIM: AFC), a leading alkaline fuel cell power company, is pleased to provide a commercial update for the period ended 31 October 2018.

AFC Energy has now successfully concluded the majority of engineering design to bring to market its first commercial fuel cell system. The system will have a low cost per kWh compared to alternative generating systems, partially as a result of its ability to use lower quality and less expensive hydrogen sources.

In building its Go-to-Market strategy, AFC Energy has been working with a leading clean-tech specialist consultancy to leverage existing commercial activities and establish alternative distribution channels to accelerate future growth. Strong emphasis is being placed by the Company on preparation for commercial deployment and the strengthening of its supply chain in response to the Southern Oil order in Australia and growing interest for fuel cell systems from potential customers in Japan (and other interest from the APAC region).

The Company has taken major steps over the last six months towards the appointment of key manufacturing partners across the key areas of the supply chain. Main highlights include:

· Electrode manufacture: recent test data has indicated that the partnership with electrode manufacturer Industrie De Nora will lead to significantly lower build costs for the fuel cell while increasing the longevity of the electrodes. The composition of electrodes for commercial deployment is now being finalised in anticipation of first customer shipment to Southern Oil.

· Flow plate and stack manufacture: the selection of a manufacturing partner for the production of the fuel cell flow plates is at an advanced stage and the Company expects to provide an update in the coming weeks. The Company has completed the plate design to optimise flow of gases and liquids to the electrodes.

· Balance of Plant modularisation and containerisation: contract negotiations are underway to create the first fully containerised Alkaline Fuel Cell system, enabling the first scalable "plug and play" commercial unit with up to 200 kW of power.

AFC Energy has established further improvements in electrode longevity and cost reduction through its joint development activities with Industrie De Nora and is in the final stages of confirming an electrode pairing for the Southern Oil project in Australia. These electrodes are expected to be supplied by Industrie De Nora to AFC Energy in Q1 2019, subject to agreement on the terms of a Strategic Electrode Supply Agreement.

https://www.moneyam.com/action/news/showArticle?id=6207585

Crikey !....what's the rumour ?...sp has gone wild !.....

gone wild?????
sp is now about 6.8p mid so nothing to get remotely excited about

From 4.5p...….could be the Chinese have bought a stake....

Just hope they haven't bought a hammer as well....

there's no news and volume is unexciting

A little weird but there is bound to be some news about fuel cell progress....perhaps more positive than before...also the market cap should probably be worth more than it is....