AFC Energy Live Discussion

Ripley94 13 May 2019

todays movements AFC… XXXX Paid 4.5p for another batch today on pull back , that is a lot more then i was prepared to pay 10 days back . Coffin !!!

Eadwig 03 May 2019

todays movements JakNife: LOL! Death spiral convertible time! I thought so too, but there not quite in the coffin yet it seems.

Eadwig 03 May 2019

todays movements Ripley94: Been trying to top up @ 3p all last week another good trade that got away Agreed. I thought it was just the holdings RNS showing Shroders keeping the faith too. Due to the change in so many financial sites recently i missed this vital RNS: 30 April 2019 AFC Energy PLC AFC Energy Signs Collaboration Agreement with Rolec Services for the Design and Distribution of Integrated EV Charging Fuel Cell Systems AFC Energy, today announces it has signed a non-binding collaboration agreement with Rolec Services Limited (“Rolec”) setting out the terms of intent for both parties to design and assess integrated Electric Vehicle (“EV”) charging systems utilising the AFC Energy fuel cell system (“Collaboration Agreement”). Highlights · Rolec, manufacturer of Europe’s largest range of EV charging solutions operating across over 40 countries, to partner with AFC Energy to design and deploy fully integrated fuel cell EV charging systems · Integrated EV charging systems of varying sizes to be brought to market for the purpose of off-grid power generation, incorporating Rolec’s EV charging platform and AFC Energy’s fuel cell system · Ultimate objective of the Collaboration Agreement is for the integrated system to be capable of sale and deployment across Rolec’s existing and AFC Energy’s emerging network of EV charging distributors and customers · First demonstration system expected to be deployed in H2 2019 Under the terms of the Collaboration Agreement, AFC Energy and Rolec will work together to design an off-grid EV charger in response to the recent and forecast rapid growth in EVs. This follows government initiatives across industrialised countries towards a decarbonised, electrified transportation sector. Since AFC Energy’s EV charger prototype was demonstrated in January 2019, growth in commercial enquiries for the system across both the UK and internationally has meant collaboration with an established market leader in this space creates new opportunities for both organisations. AFC Energy and Rolec will work towards a single integrated turnkey product that delivers a customer friendly interface. This will enable an off grid, zero emission power system at a time when the grid is emerging as a limiting factor in the deployment of EVs. AFC Energy and Rolec will define a series of customer driven products which will be modular and allow EV charging from a base unit for two vehicles, up to a larger mass-scale deployment. Under the Collaboration Agreement, a reference system will be delivered which will be capable of deployment on a temporary basis for marketing and business development purposes. Tom Pollard, General Manager - Rolec EV, said “Rolec is increasingly seeing the availability of power, particularly at the end of grid or in off grid applications as a material obstacle. Governments and industry will need to overcome this to achieve their goals for EV deployment over the coming years. This collaboration with AFC Energy is about exploring ways of responding to this challenge in a “first mover” environment where power is generated on-site in a fully sustainable manner. We intend this to be the commencement of a long-term relationship with AFC Energy and look forwards to further demonstrating the capability of the integrated system over the coming months.” Adam Bond, Chief Executive Officer at AFC Energy, said “The number of commercial enquiries received since announcing AFC Energy’s EV fuel cell charger system, CH2ARGE, earlier this year has clearly demonstrated the potential for the Company to capitalise on this growing market. Our collaboration with Rolec is a recognition of the industry’s desire to explore off grid EV charging solutions to meet a need already seen across several of Rolec’s local and international clients. AFC Energy’s EV charger is now one of our key markets for revenue generation and gives us an early mover advantage in penetrating the off-grid market.”

Ripley94 03 May 2019

todays movements AFC… XXXXX Up 45% to 5.3p today. Rns on holdings. Been trying to top up @ 3 all last week another good trade that got away

Eadwig 16 Apr 2019

Today's rns - World first hydrogen electric vehicle charger The longer AFC mess about getting to market the more likely they are going to find another technology taking potential markets from them… Researchers at the University of Massachusetts Lowell developed a technique that uses only water, carbon dioxide and cobalt metal particles that have surface nanostructures measuring billionths of a meter in size, to produce hydrogen on demand at relatively low temperature and pressure and to use to power the next generation of electric vehicles. According to David K. Ryan, the project’s principal investigator, hydrogen can be used in fuel cells, which combine hydrogen with oxygen from the air to produce electricity at up to 85% efficiency. “Other investigators have used all kinds of methods to produce hydrogen, such as electrolysis, natural gas reforming and even metals such as zinc, iron and nickel with acids, but not catalytically with cobalt," Ryan said in a media statement. "The carbonate is involved in the reaction but it doesn’t change or get consumed; it just helps facilitate the conversion of the cobalt metal to cobalt oxide, and this conversion produces the hydrogen and carbon dioxide.” Chemistry Prof. David Ryan, right, and graduate student Ahmed Jawhari examine a prototype of their invention that produces hydrogen gas cleanly and efficiently. Photo by University of Massachusetts Lowell. The scientist explained that the experimental setup consists of a stainless steel canister filled with cobalt. A carbonate solution made from carbon dioxide and water is pumped through the canister and then warmed up to about 150 degrees. The solution is also compressed to about three atmospheres, or 45 pounds per square inch, which is about the same pressure as in a car tire. “Under these relatively low-temperature and modest-pressure conditions, we were able to produce hydrogen efficiently, to nearly 70%. Subsequent work has allowed us to produce hydrogen at greater than 95% purity,” Ryan said. The researcher explained that in an electric car, the hydrogen from the canister can go directly to the fuel cell, where it is mixed with oxygen from the atmosphere to produce electricity and water. The water can then be looped back into the canister and mixed with the carbonate to form the catalytic solution. The electricity produced by the fuel cell can be used to power the canister’s pump, heater and compressor, as well as the car’s electric motors, rechargeable storage battery and headlights. “This process doesn’t store any hydrogen gas, so it’s safe and poses no storage or transportation issues. Once you stop the flow of the carbonate solution or release pressure in the reaction chamber, the hydrogen production stops, so hydrogen is produced only as needed,” Ryan said. The experts suggested that once the cobalt metal in the canister is used up – that is, converted to cobalt oxide – the car driver can swap out the canister with a new one every 300 to 400 miles. The cobalt in the old canister can then be regenerated, using a renewable energy source such as wind or solar. “So instead of going to a gas station to get a fill-up, you can go to a ‘refueling’ station and get a new canister. You can also bring extras for long trips,” Ryan said.

Eadwig 12 Apr 2019

Today's rns - World first hydrogen electric vehicle charger jaytee41: Looks like a lot of potential there but they could do with some financial backing which I hope they get before the cash runs out. £4 million Convertible Bond Facility RNS Number : 9764V AFC Energy Plc 12 April 2019 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service (“RIS”), this inside information is now considered to be in the public domain. 12 April 2019 AFC Energy PLC (“AFC Energy” or the “Company”) £4 million Convertible Bond Facility AFC Energy (AIM: AFC), a leading alkaline fuel cell power company, is pleased to announce that the Company has entered into a financing facility with Thalion Global Group (“Thalion”) for up to £4 million (before expenses) (the “Facility”). The Facility allows AFC Energy to draw down up to £4 million through the issuance of unsecured convertible loan notes with a par value of £25,000 each (the “Convertible Loan Notes”) to Thalion pursuant to a loan note instrument executed by the Company on 11 April 2019 (“Instrument”). Proceeds from the issuance of Convertible Loan Notes will supplement the Company’s cash position, which as of 31 March 2019 was £1.4 million, and will enable AFC Energy to continue its product development and commercialisation strategy. The Company can draw down up to a maximum amount of £500,000 in any 60 day period. The maturity date of the Convertible Loan Notes is 42 months from the date of the Instrument. The Convertible Loan Notes are issuable at a price of £22,500 (representing a discount of 10% to par value) and are convertible into new ordinary shares of 0.1 pence each in the Company (“Ordinary Shares”), at a price equivalent to the lower of: · a 25% premium to the volume weighted average price (“VWAP”) on the business day before draw down; or · the lowest VWAP from the three business day period prior to conversion. The Convertible Loan Notes are convertible at the sole option of the noteholder and become redeemable on the maturity date (subject to any conversion rights being exercised during the term of the Convertible Loan Notes). No application will be made to any listing authority, stock exchange or other market for the Convertible Loan Notes to be listed or otherwise traded. AFC Energy can redeem the Convertible Loan Notes prior to the maturity date at a price equal to a 5% premium to the par value of the Convertible Loan Notes. Pursuant to the terms of the Facility, the Company will pay an arrangement fee of £200,000 settled by the issue and allotment of 6,666,667 Ordinary Shares at a price of 3 pence per share. Application has been made for admission of the 6,666,667 Ordinary Shares issued as payment of the arrangement fee and admission is expected to occur at 8.00 a.m. on 17 April 2019 (“Admission”). Following Admission, the Company will have 398,664,872 Ordinary Shares in issue. Accordingly, following Admission, the total number of voting rights in the Company will be 398,664,872. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules. Adam Bond, AFC Energy’s Chief Executive Officer, said: “AFC Energy has made serious strides forwards over the past twelve months in the commercialisation of its alkaline fuel cell technology and is currently engaging with a number of prospective and strategic partners interested in supporting this effort. The facility entered into today allows the Company to continue to develop these opportunities and capitalise on the value created over the past few years into the foreseeable future in collaboration with our prospective industrial and strategic partners without immediate dilution to existing shareholders”.

Eadwig 12 Apr 2019

Today's rns - World first hydrogen electric vehicle charger jaytee41: Looks like a lot of potential there but they could do with some financial backing which I hope they get before the cash runs out. 12 April 2019 AFC Energy PLC (“AFC Energy” or the “Company”) Subscription of 27,108,334 Ordinary Shares at a price of 3 pence per share to raise £813,000 AFC Energy (AIM: AFC), the leading alkaline fuel cell power company, is pleased to announce that it has conditionally raised £813,000 before expenses by way of a subscription for 27,108,334 ordinary shares of 0.1 pence each (“Ordinary Shares”) at 3 pence per Ordinary Share (the “Issue Price”). The net proceeds of the Subscription, which has been arranged by M C Peat & Co LLP and Leander Capital Partners Ltd, will be used in conjunction with the convertible debt facility (announced earlier this morning) to support delivery of the Company’s Go-to-Market strategy. This strategy is focused on preparation for commercial deployment and the strengthening of the Company’s supply chain. The Issue Price represents a discount of 20.53 per cent. to the closing price of 3.78 pence on 11 April 2019. The Subscription is not being underwritten and is conditional on admission of the Subscription Shares to trading on AIM. The Subscription is being conducted pursuant to the existing authorities granted to the Directors of the Company at its annual general meeting on 24 April 2018 and therefore no further shareholder approval is required. The Subscription Shares represent approximately 6.3 per cent. of the Company’s issued share capital as enlarged by the Subscription Shares (the “Enlarged Share Capital”). Application will be made to the London Stock Exchange for the Subscription Shares to be admitted to trading on AIM (“Admission”) and it is expected that such Admission will occur at 8.00 a.m. on 18 April 2019. The Subscription Shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after the admission of the Subscription Shares, respectively and will otherwise be identical to and rank on Admission pari passu in all respects with the existing Ordinary Shares. The Subscription Shares are not being made available to the public and are not being offered or sold into any jurisdiction where it would be unlawful to do so. Following Admission, and assuming the admission to trading on AIM of 6,666,667 Ordinary Shares to be issued as payment of the arrangement fee (as announced earlier today) which is expected to occur on 17 April 2019, the Company will therefore have 425,773,206 Ordinary Shares in issue, none of which will be held in treasury.

JakNife 12 Apr 2019

todays movements LOL! Death spiral convertible time!

jaytee41 11 Apr 2019

Today's rns - World first hydrogen electric vehicle charger Thanks for that Eadwig. Looks like a lot of potential there but they could do with some financial backing which I hope they get before the cash runs out. Guess that’s the problem when you get small companies inventing good products but can’t afford to scale up.

Eadwig 11 Apr 2019

Today's rns - World first hydrogen electric vehicle charger This RNS moved the share price just bout enough for me to check if any news had been released - and here it is. I’ve edited it down and added a couple of comments based on my opinions, the full thing you can find in the usual place. RNS 9 April 2019 AFC Energy Announces High-Power Density Alkaline Fuel Cell AFC confirms details of its new high-power density alkaline fuel cell technology. The new technology has potential use in applications where space and weight of power generation are important considerations and will sit alongside and complement its existing large-scale stationary fuel cell system. The new alkaline fuel cell platform has been developed over the past 18 months, with patents filed, and enables: · quicker response times · far greater power density facilitating reduced system weight · smaller volume and footprint whilst still maintaining high efficiency · ability to accept lower grade hydrogen fuel sources [Ability to use lower grade hydrogen is very important. H2 purity proved to be a stumbling block not originally anticipated causing major delays in getting to market - Eadwig] as evidenced across AFC Energy’s existing alkaline fuel cell platform This will open up new markets for AFC Energy where high-power density and reduced weight, volume and footprint is beneficial to customers’ needs. The technology will also be able to integrate into AFC Energy’s Electric Vehicle recharging and e-mobility solutions where several commercial enquiries have been received since its announcement in January 2019, as well as supporting smaller scale off-grid power generation and system backup. Initial testing has been completed using the anion exchange membrane in non-core fields and discussions are underway with potential partners to jointly commercialise elements of the technology in applications unrelated to fuel cells. This system will undergo prototype development, which if successful will lead to scale up over the course of the next 12 months [So the delays continue as the share price moves ever closer to zero, although probably have cash enough if no more delays or they can get cash in from there other product lines. I always felt this smaller unit would hold up them getting to market with the large scale electricity generation plant and it seems I my have been right- Eadwig]. Similar to the existing alkaline fuel cell platform, each fuel cell module is expected to be sized at 10kWe output. The final sizing of the overall fuel cell unit can then be set based upon the space / weight / footprint considerations required for the envisaged application and customer.

Eadwig 19 Mar 2019

Flow Plate Mass Manufacturer Selected Year End Results due anytime now?? Could do with an update - things obviously progressing: AFC Energy Selects Advanced Plastics To Make Fuel Cell Flow Plates LONDON (Alliance News) - AFC Energy PLC on Tuesday said it has selected Advanced Plastics Ltd as preferred tenderer in the mass manufacture of flow plates. The fuel-cell power technology company said Advanced Plastics presented a very strong technical proposal which demonstrated innovation in the mass manufacturing process at a price point which was most competitive amongst its peers. Finalisation of the flow plate design, necessary to regulate the flow of gases and liquids within the AFC Energy fuel cell system, follows months of computational fluid dynamics modelling and validation testing at the company’s Surrey offices. The next step is to integrate the AFC Energy design work into a mass manufacturable product, the company said, and to work with Advanced Plastics to bring the partner’s own expertise and capability to the final flow plate deliverable. “The innovation and expertise Advanced Plastics bring to the table have allowed us to further enhance our plate design making the process of mass manufacture all the more achievable in meeting our expected needs,” said AFC Chief Executive Adam Bond. AFC shares were trading 4.9% lower on Tuesday at 4.71 pence each. By Evelina Grecenko; [email protected] Copyright 2019 Alliance News Limited. All Rights Reserved.

Eadwig 19 Mar 2019

Today's rns - World first hydrogen electric vehicle charger Why did this RNS cause the share price to blip up so far … and then drop back just as quickly? I’m assuming some disappointing news about timescales or a competitor took the wind out of AFC’s share price, but I haven’t been able to find anything. Anybody?

Ripley94 15 Feb 2019

todays movements Hi Loads “Hello everyone, just so you all know about Waste2Tricity how they could affect AFC.” I do not and i i ques its the same for many others maybe you can explain ?

Ripley94 15 Feb 2019

todays movements AFC… XXXX But limit of 5p went strait through @ 4.99p ( D ) . Buy is showing correctly as buy on this one others look the same.

Ripley94 12 Feb 2019

todays movements AFC… XXXX Looking like it might fall to 5p today