steve2
07 Dec 2019
Investor day 6th December 2019 Thanks bumbleb, much appreciated.
BumbleB
07 Dec 2019
Investor day 6th December 2019 Coming June 2021 H-Power (L400+) Supports 25-100 charge points (the number is a function of charge rate to vehicles and utilisation rate). Storage capacity 360 kWh. Recharge rating 400+ kW. Greenhouse emissions - zero. Noise and odour Low. Fuel Hydrogen or ammonia. Footprint 40’ ISO. Available from June 2021.
BumbleB
07 Dec 2019
Investor day 6th December 2019 Coming in June 2020 H-Power (L-160) Supports 13-30 charge points (the number is a function of charge rate to vehicles and utilisation rate). Storage capacity 288 kWh. Recharge rating 160 kW. Greenhouse emissions - zero. Noise and odour Low. Fuel Hydrogen or ammonia. Footprint 40’ ISO. Available from June 2020
BumbleB
07 Dec 2019
Investor day 6th December 2019 Details of the existing (first) system The H-Power (L20) system Supports 2-8 charge points (the number is a function of charge rate to vehicles and utilisation rate). Storage capacity 72-288 kWh. Recharge rating 20 kW. Greenhouse emissions - zero. Noise and odour Low. Fuel Hydrogen or ammonia. Footprint 10’ ISO. Available from now.
BumbleB
07 Dec 2019
Investor day 6th December typing error, yes that is correct, thankyou!
BumbleB
07 Dec 2019
Investor day 6th December Final section: The next section of the talk dealt with the supply chain and manufacture. At present: De Nora are supplying the electrode catalyst layer. Advanced plastic the hydrogen, air and KOH flow plates. GF Piping Systems (Georg Fischer Ltd) supply the pipes and valves – as they did for Kore. AFC will then assemble the stack and balance of plant at Dunsfold. MSR supply the batter system, and Rolec the EV charger. What is slightly odd is that some but not all of those names are mentioned on the new website. This stuff will be covered in the presentation when it is available on the internet. He then went on to cover a few examples of where this could be used. At Westfield Shopping Centre we were told it is proving very difficult to make facilities for electric vehicles. This is due to issues with the local grid supply, and it is likely that sorting this out will take a few years at a cost of millions. In that regard use of the AFC system is actually a cost saver in that time period. He also mentioned a Local Authority who want to get rid of their fleet of diesel cars, but again grid supply was an issue holding up this target. They are looking at alternatives, one of which is AFC. Their aim will be to sell kit, lease it, but they will not own networks. The warranty was mentioned. I don’t think this has been granted yet, but he felt it was not a problem since charging at a slow continuous lifespan means that four years will not be a constraint. I suspect, by the way, that the work De Nora are doing on the electrodes will result in a final warranty for use in more challenging conditions (full on generation). At this point, after the trip outside, my pen was starting to malfunction, and the text is harder to read, but he touched on patents. They have a suite of 100 patents. Two have been submitted this week, more will follow on the membrane after testing is completed. That’s it folks. When the presentation comes out it will no doubt trigger more memories.
doc7
07 Dec 2019
Investor day 6th December HI BumbleB Excellent report. One small comment from me if I may. I think the solid system is intended for roll out in 2022, not 2020. BW Doc
BumbleB
07 Dec 2019
Investor day 6th December As previously said the atmosphere was quite different to the AGM. I thought Bond gave a measured performance, no of the wild claims of a few years back, and it was authoritative. He started by explaining that 13 months ago they considered a product aimed at EV charging, and the more they looked at the product they thought there was a substantial opportunity for it. At the launch of the concept in January they received a lot of interest in the product, not just from Rolec, encouraging them to move in this direction. They have shown the system to representatives from “50ish†organisations including one of the top two High Street networks (no name given), the post office, a Local Authority with targets to get out of using diesel by 2025, the largest UK car park network. The business case rests on the limitations of the electricity grid, NOT the national grid, but local grids run by electricity companies. These compromise rapid charging points. He went on to recount a story of a conversation with one company that got the case immediately. They had tried to install air conditioning across a large office and had run into problems with electricity supply, so they understood the case. He went on to talk about development of the technology. The company has been focussed on PLACE to date, but the message that they are moving beyond this into the markets, with the initial focus on electric vehicles. Diesel generator replacements will come, and whilst industrial systems are still possible, they are not the priority now. The systems are grid independent, flexible, so that if a car park, say, does not receive the number of anticipated electric vehicle visitors it can be relocated to where needed. They are modular and scalable. There will be a roll out of products over time. For the next few months we have a small system which will be travelling to certain locations. The Rolec roadshow is now focussed on Q1 next year. In June 2020 the first medium-sized 160 kW system will be available. In June 2021 they will have a 400-kW system in the market. The Hi Power solid electrolyte system is targeted for roll-out in 2020. With this product they are not targeting cars, but it might be suitable for trains or shipping. At this point he moved onto the AlkaMem product, which he described as a piece of plastic. It has approximately 5 x the power density of the current liquid catalyst. It has already been tested and validated by De Nora in Japan on Alkaline Water electrolysis, making hydrogen, and has been shown to have superior efficiency and cost. The alternative is Nafion, manufactured by Dupont, with a US $1 billion market. If I understood the hints correctly the product is currently being tested by other parties, but others will confirm if I am right or not. This High-Power system is going to have a major roll in replacement diesel generators. The advantage being the small footprint for 1-2 MW generators.
BumbleB
07 Dec 2019
Investor day 6th December The open day for investors was attended by Adam Bond, John Rennocks, Jim Gibson, Gerry Agnew, and Graham Lewis (Chief Finance Officer). As might be expected the atmosphere was quite different to the AGM. The meeting was kicked off with a short introduction from Graham Lewis then moved into presentation by Adam Bond, a short presentation by Jim Gibson then a tour of the new system which was working outside, and finally a question session which was closed at about 12.45 as there was a Board meeting that afternoon. I will start with the new fuel cell system. It was located within a smart looking container, with AFC logo, with a second smaller container housing the Multi Source Power equipment. Both containers were topped with solar panels, those of the AFC container sloped over air vents necessary for aeration purposes. We saw inside the working container. Most obvious up front was a large column that was scrubbing air before it entered the cells, and opposite the electrics. Behind that were two stacks, tanks containing electrolyte and of course the system of piping to feed the stacks. The stacks have evolved since we saw them last, they no longer sit within a cartridge and look a slightly different shape, do doubt due to the modelling that was done on fluid flow a year or two back. The water produced drains into containers under the system, and this is waste product discharged to a drain. I know people have spoken about the commercial value of such water in the past, but with small systems it would just not be economic. The containers contain two 10 kW stacks. The system has operated outdoors in temperatures of -3 C with no problems this week. The idea is to try to keep them running slowly at low power continuously charging the MSP battery. This reduces strain on the fuel cells with switching on and off, and the resulting temperature changes being one of the major factors causing damage to catalyst layers. This way it is intended that the system should have a long life, beyond four years. With the doors open the fuel cell produced some noise, due to the circulation of air. On the day they had sensor leads coming out of the box so the doors could not be fully closed, but as they were closed too slightly the noise was considerably reduced. Nothing like the impact of, say, a diesel generator. Good to see a final product in the flesh and operating!
theprior
07 Dec 2019
Investor day 6th December Good start, BB. Hope you get chance over the weekend to post more. Thanks. TP
BumbleB
06 Dec 2019
Investor day 6th December Sorry to a while to get going on this, long day, I will start with Southern. The project is not dead. Southern Project was too expensive. They have had to redesign the layout of their plant, and will generate less hydrogen. They need to apply to the Queensland Govt for fresh grant aid. Which is what is happening now.
BumbleB
06 Dec 2019
December 6th 2019. AFC launch first commencial product The three years refers to an internal target to deliver a viable fuel cell after the initial problems with Kore.
Eadwig
06 Dec 2019
December 6th 2019. AFC launch first commencial product BumbleB: Hi Eadwig. What were the changes that you noticed to this RNS? @BumbleB Hiya, I’d never actually seen it before, or any RNS listing all these details, although they are all on the new web site I think, but not listed like this. No problem with them pushing it again if they were, but in fact it was I who misread the date, being the 5th of last month. The only thing that really stands out is the underlining of ‘3 years’. Not sure why, they could just as easily say ‘10 years’, unless it is Adam Bond underlining his role as a CEO for commercialisation, but i have a feeling he was taken on longer than 3 years ago. Have a good time today, and please do report back when you can, and listen to the questions - especially about what they are charging for a unit? etc and does it work out cheaper than charging off the grid? etc etc
BumbleB
05 Dec 2019
December 6th 2019. AFC launch first commencial product Hi Eadwig. What were the changes that you noticed to this RNS?
BumbleB
05 Dec 2019
AFC - Official EV Charging Partner for 2020 British Motor Show That was an unexpected start to the morning.
