H-power Plc · LSE:HPOW
H-power — AFC Energy — Shareholder Meeting (April 2019)
21 slides from H-power's shareholder meeting presentation, Apr 30, 2019
Slide 1: AFC Energy plc Annual General Meeting Presentation
AFC Energy plc Annual General Meeting Presentation 30 April 2019 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by AFC Energy plc (the “Company”). By attending this presentation and/or reviewing the slides you agree to be bound by the following conditions. The information and opinions contained in this presentation have not been independently verified, are provid
Slide 3: FY18 Highlights
FY18 Highlights Development of new high-power density alkaline fuel cell technology Concluded funded engineering study for deployment of fuel cell system in Australia at Southern Oil's Gladstone refinery Continuing joint development with De Nora with further improvements in electrode longevity and p
Slide 4: AFC Energy and the International Hydrogen Economy
AFC Energy and the International Hydrogen Economy AFC Energy invited to join Hydrogen Council in September 2018 – forecast opportunity in H2 space: MEET 18% SUPPORT AVOIDANCE GLOBAL 30 MILLION OF THE WORLD’S OF REVENUES OF JOBS CREATED ENERGY DEMANDS 6 Gt. OF CO2 USD 2.5 TRILLION ACROSS THE VALUE EM
Slide 5: De Nora – Electrode Development and Manufacture
De Nora – Electrode Development and Manufacture Agreed initial commercial anode and cathode pairing with De Nora for deployment Confirmed 20MW of production capacity per annum to be available for AFC Energy at De Nora’s German manufacturing plant Technology roadmaps in place to extend electrodes lif
Slide 6: De Nora - Electrode Development and Manufacture
De Nora - Electrode Development and Manufacture Run time of De Nora / AFC Energy electrode on test stand now in excess of Key Observations: 8 months continuous operation (ongoing) ➢ Degradation rate slowing as operation continues. ➢ Operating on BOC grade 99.9% H2 (i.e. 3 “9”s vs 5 “9”s H2) ➢ Operat
Slide 7: De Nora – Electrode Development and Manufacturing
De Nora – Electrode Development and Manufacturing Electrode Lifetime Extrapolation Based on Accelerated Degradation Testing: Lifetime forecast based on Linear Regression fit. Degradation slowing during test as seen on previous slide. Based on the last 1000 hours of data, electrode lifetime is foreca
Slide 8: De Nora – Electrode Development and Manufacture
De Nora – Electrode Development and Manufacture How Far Have We Come in the Past 4 Years: 2018 fuel cells 2.9 times as powerful as 2014 cells. Approximately 3 times the projected lifetime. 2018 fuel cells capable of load cycling. 2018 cells approximately ½ the price of 2014 cells. www.afcenergy.com
Slide 9: The New High Power Density Alkaline Fuel Cell
The New High Power Density Alkaline Fuel Cell Over the past 18 months, AFC Energy has developed a high power density alkaline fuel cell system to compete favourably with the Proton Exchange Membrane (“PEM”) New fuel cell system retains 10kW module size but without the liquid electrolyte and with: Qu
Slide 10: The New High Power Density Alkaline Fuel Cell
The New High Power Density Alkaline Fuel Cell Footprint comparison of 10kW AFC Energy Liquid Electrolyte Fuel Cell Stack and New High Power Density Fuel Cell Stack www.afcenergy.com 10
Slide 11: Advanced Plastics – Mass Flow Plate Manufacture and Welding
Advanced Plastics – Mass Flow Plate Manufacture and Welding Global tender conducted with international plastic moulders for mass manufacture of flow plates Advance Plastics appointed preferred bidder based on: Price Technical capability Prototype trials in flow plate welding successfully delivered M
Slide 12: Market Sizing and Go To Market Strategy
Market Sizing and Go To Market Strategy In early 2018, AFC Energy engaged international consultancy, FTI Consulting, to conduct a market study into the size and opportunity for AFC Energy’s fuel cell platform Key findings confirmed challenges with chlor alkali target market due sector benefitting fr
Slide 13: EV Charging
EV CHARGING By 2040, National Grid expect there to be 36 million EVs on the road in the UK To meet this level of power demand, 8 new Hinkley Point nuclear plants will be needed, or 100 London Array offshore windfarms Globally, UBS expect $360 billion of new investment will be needed over next 8 year
Slide 14: EV Charging
EV CHARGING Rolec Services Collaboration Agreement Today, AFC Energy announced the signing of a Collaboration Agreement with Rolec Services – Europe’s largest manufacturer of EV charging solutions Agreement to focus on the design and engineering of a fully integrated commercial EV charging solution
Slide 15: Off Grid Diesel Generation Displacement
OFF GRID DIESEL GENERATION DISPLACEMENT $20 billon industry (annual) 1/3rd of all greenhouse emissions are from stationary power such as diesel gensets Governments have recognised the need to materially reduce diesel generation ❖ UK Clean Air Strategy 2019 (January 2019) Large corporates (Cummins, A
Slide 16: Hydrogen Battery
HYDROGEN BATTERY Growth in renewables has led to significant demand for energy storage Even with existing battery storage in the market today, California curtails enough renewable energy to power an estimated 1 million homes per annum. In China, estimates of 1 in 10 every kWh of power generated from
Slide 17: Industrial Baseload Power Generation
INDUSTRIAL BASELOAD POWER GENERATION AFC Energy’s traditional target market for fuel cell deployment 100,000 MW of hydrogen equivalent is vented per annum (Source: U.S Hydrogen Fuel Cell Association) Whilst power prices often subsidised or very low, sector is a sizeable user of power with pressure t
Slide 18: Integration Partners & Product Solutions
Integration Partners & Product Solutions Upstream Hydrogen Production ➢ Strategy to integrate upstream hydrogen product within fuel cell product solution ➢ Short term focus on proven and readily available solutions ➢ Ammonia cracking – proven via Alkammonia Project ➢ Electrolysis – Hydrogen battery
Slide 19: Funding
Funding Highlight AFC Energy has sufficient funding secured to see it through into 2020 Funding Sources £1.4m Cash at Bank (31 March 2019) £0.8m Fundraise (April 2019) – cornerstoned by Schroders with quantum limited by available Shareholder approved headroom £0.6m R & D Tax Credits £4m Convertible
Slide 20: Lookahead
Lookahead The coming months will see a number of exciting advances and announcements that will solidify and validate the technical progression achieved over the past three years. Our objectives include: Conclude product development cost sharing and licencing agreements. Manufacture demonstration uni
Slide 21: Thank you for your kind attention
Thank you for your kind attention – we are now open for questions. www.afcenergy.com