Proactiveinvestors United Kingdom - Cleantech and Renewable Energy RSS feed http://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom - Cleantech and Renewable Energy feed en Sat, 20 Jan 2018 11:30:21 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com AFC Energy highlights “very significant improvements” for fuel cell system http://www.proactiveinvestors.co.uk/companies/news/190281/afc-energy-highlights-very-significant-improvements-for-fuel-cell-system-190281.html Fri, 19 Jan 2018 15:15:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190281/afc-energy-highlights-very-significant-improvements-for-fuel-cell-system-190281.html Ceres Power rises as it signs development agreement with European original equipment manufacturer http://www.proactiveinvestors.co.uk/companies/news/189776/ceres-power-rises-as-it-signs-development-agreement-with-european-original-equipment-manufacturer-189776.html Wed, 10 Jan 2018 12:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189776/ceres-power-rises-as-it-signs-development-agreement-with-european-original-equipment-manufacturer-189776.html Hydrogen fuel cell specialist AFC Energy aims for longer life fuel cells http://www.proactiveinvestors.co.uk/companies/news/189803/hydrogen-fuel-cell-specialist-afc-energy-aims-for-longer-life-fuel-cells-189803.html Wed, 10 Jan 2018 10:29:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189803/hydrogen-fuel-cell-specialist-afc-energy-aims-for-longer-life-fuel-cells-189803.html AFC Energy confirms successful development and operational validation of its enhanced fuel cell stack http://www.proactiveinvestors.co.uk/companies/news/189634/afc-energy-confirms-successful-development-and-operational-validation-of-its-enhanced-fuel-cell-stack-189634.html Mon, 08 Jan 2018 07:44:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189634/afc-energy-confirms-successful-development-and-operational-validation-of-its-enhanced-fuel-cell-stack-189634.html Atlantis Resources set to sell its stake in Canadian joint venture to partner DP Energy http://www.proactiveinvestors.co.uk/companies/news/189568/atlantis-resources-set-to-sell-its-stake-in-canadian-joint-venture-to-partner-dp-energy-189568.html Fri, 05 Jan 2018 07:25:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189568/atlantis-resources-set-to-sell-its-stake-in-canadian-joint-venture-to-partner-dp-energy-189568.html Ceres Power expects to post an 80% jump in first half income, signs agreement with new OEM http://www.proactiveinvestors.co.uk/companies/news/188866/ceres-power-expects-to-post-an-80-jump-in-first-half-income-signs-agreement-with-new-oem-188866.html Fri, 15 Dec 2017 15:10:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188866/ceres-power-expects-to-post-an-80-jump-in-first-half-income-signs-agreement-with-new-oem-188866.html Atlantis Resources to transform itself into a diversified renewable energy company with significant power generation asset acquisition http://www.proactiveinvestors.co.uk/companies/news/188781/atlantis-resources-to-transform-itself-into-a-diversified-renewable-energy-company-with-significant-power-generation-asset-acquisition-188781.html Thu, 14 Dec 2017 07:59:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188781/atlantis-resources-to-transform-itself-into-a-diversified-renewable-energy-company-with-significant-power-generation-asset-acquisition-188781.html AFC Energy eyeing further material improvements in fuel cell performance http://www.proactiveinvestors.co.uk/companies/news/188331/afc-energy-eyeing-further-material-improvements-in-fuel-cell-performance-188331.html Wed, 06 Dec 2017 07:43:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188331/afc-energy-eyeing-further-material-improvements-in-fuel-cell-performance-188331.html Atlantis Resources agrees riverbed option lease terms with Duchy of Lancaster for Wyre estuary project http://www.proactiveinvestors.co.uk/companies/news/187556/atlantis-resources-agrees-riverbed-option-lease-terms-with-duchy-of-lancaster-for-wyre-estuary-project-187556.html Tue, 21 Nov 2017 15:50:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/187556/atlantis-resources-agrees-riverbed-option-lease-terms-with-duchy-of-lancaster-for-wyre-estuary-project-187556.html Ilika investors find a lot to 'lika' about Chinese deal as shares shoot up 14% http://www.proactiveinvestors.co.uk/companies/news/187234/ilika-investors-find-a-lot-to-lika-about-chinese-deal-as-shares-shoot-up-14-187234.html Tue, 14 Nov 2017 13:24:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/187234/ilika-investors-find-a-lot-to-lika-about-chinese-deal-as-shares-shoot-up-14-187234.html Greencoat UK Wind pays £98mln for 80% stake in five UK wind farms http://www.proactiveinvestors.co.uk/companies/news/186559/greencoat-uk-wind-pays-98mln-for-80-stake-in-five-uk-wind-farms-186559.html Wed, 01 Nov 2017 08:13:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/186559/greencoat-uk-wind-pays-98mln-for-80-stake-in-five-uk-wind-farms-186559.html Atlantis Resources confident of CfD deal for MeyGen tidal power project http://www.proactiveinvestors.co.uk/companies/news/185900/atlantis-resources-confident-of-cfd-deal-for-meygen-tidal-power-project-185900.html Thu, 19 Oct 2017 15:14:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185900/atlantis-resources-confident-of-cfd-deal-for-meygen-tidal-power-project-185900.html Atlantis Resources presses government for subsidy support for tidal power project http://www.proactiveinvestors.co.uk/companies/news/185775/atlantis-resources-presses-government-for-subsidy-support-for-tidal-power-project-185775.html Wed, 18 Oct 2017 07:44:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185775/atlantis-resources-presses-government-for-subsidy-support-for-tidal-power-project-185775.html Atlantis Resources powers higher on progress with Indonesian Nautilus tidal stream project http://www.proactiveinvestors.co.uk/companies/news/185241/atlantis-resources-powers-higher-on-progress-with-indonesian-nautilus-tidal-stream-project-185241.html Mon, 09 Oct 2017 10:43:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185241/atlantis-resources-powers-higher-on-progress-with-indonesian-nautilus-tidal-stream-project-185241.html Ceres Power hails most successful year ever as fuel cell momentum builds http://www.proactiveinvestors.co.uk/companies/news/185022/ceres-power-hails-most-successful-year-ever-as-fuel-cell-momentum-builds-185022.html Wed, 04 Oct 2017 07:46:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185022/ceres-power-hails-most-successful-year-ever-as-fuel-cell-momentum-builds-185022.html AFC Energy shares surge as it sees hydrogen fuel cell power costs tumbling http://www.proactiveinvestors.co.uk/companies/news/184902/afc-energy-shares-surge-as-it-sees-hydrogen-fuel-cell-power-costs-tumbling-184902.html Mon, 02 Oct 2017 17:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184902/afc-energy-shares-surge-as-it-sees-hydrogen-fuel-cell-power-costs-tumbling-184902.html Greencoat UK Wind plans to issue up to 500mln new shares over next 12 months via placings, offers for subscription http://www.proactiveinvestors.co.uk/companies/news/184747/greencoat-uk-wind-plans-to-issue-up-to-500mln-new-shares-over-next-12-months-via-placings-offers-for-subscription-184747.html Thu, 28 Sep 2017 09:53:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184747/greencoat-uk-wind-plans-to-issue-up-to-500mln-new-shares-over-next-12-months-via-placings-offers-for-subscription-184747.html Tide could be turning for Atlantis Resources as MeyGen comes fully on stream http://www.proactiveinvestors.co.uk/companies/news/180064/tide-could-be-turning-for-atlantis-resources-as-meygen-comes-fully-on-stream-180064.html Tue, 26 Sep 2017 10:39:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/180064/tide-could-be-turning-for-atlantis-resources-as-meygen-comes-fully-on-stream-180064.html Ceres Power's trial shows its technology is reliable and saves money in the home http://www.proactiveinvestors.co.uk/companies/news/184482/ceres-power-s-trial-shows-its-technology-is-reliable-and-saves-money-in-the-home-184482.html Mon, 25 Sep 2017 15:45:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184482/ceres-power-s-trial-shows-its-technology-is-reliable-and-saves-money-in-the-home-184482.html Hydrodec posts maiden underlying profit and expects better second half http://www.proactiveinvestors.co.uk/companies/news/184501/hydrodec-posts-maiden-underlying-profit-and-expects-better-second-half-184501.html Mon, 25 Sep 2017 09:31:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184501/hydrodec-posts-maiden-underlying-profit-and-expects-better-second-half-184501.html Atlantis Resources says MeyGen will hit full production in October http://www.proactiveinvestors.co.uk/companies/news/184268/atlantis-resources-says-meygen-will-hit-full-production-in-october-184268.html Wed, 20 Sep 2017 15:15:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184268/atlantis-resources-says-meygen-will-hit-full-production-in-october-184268.html Atlantis Resources' MeyGen project not awarded 2017 renewable energy CfD by UK government, in dialogue about future allocations http://www.proactiveinvestors.co.uk/companies/news/183742/atlantis-resources-meygen-project-not-awarded-2017-renewable-energy-cfd-by-uk-government-in-dialogue-about-future-allocations-183742.html Mon, 11 Sep 2017 10:03:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/183742/atlantis-resources-meygen-project-not-awarded-2017-renewable-energy-cfd-by-uk-government-in-dialogue-about-future-allocations-183742.html Atlantis Resources says MeyGen tidal power project set a new world record for monthly production in August http://www.proactiveinvestors.co.uk/companies/news/183221/atlantis-resources-says-meygen-tidal-power-project-set-a-new-world-record-for-monthly-production-in-august-183221.html Thu, 31 Aug 2017 08:03:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/183221/atlantis-resources-says-meygen-tidal-power-project-set-a-new-world-record-for-monthly-production-in-august-183221.html Greencoat Renewables tipped to ‘outperform’ by Dublin broker http://www.proactiveinvestors.co.uk/companies/news/182929/greencoat-renewables-tipped-to-outperform-by-dublin-broker-182929.html Thu, 24 Aug 2017 13:20:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/182929/greencoat-renewables-tipped-to-outperform-by-dublin-broker-182929.html Atlantis Resources' head of corporate finance to become CFO http://www.proactiveinvestors.co.uk/companies/news/181972/atlantis-resources-head-of-corporate-finance-to-become-cfo-181972.html Fri, 04 Aug 2017 12:41:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/181972/atlantis-resources-head-of-corporate-finance-to-become-cfo-181972.html Greencoat Renewables starts trading in London and Dublin http://www.proactiveinvestors.co.uk/companies/news/181408/greencoat-renewables-starts-trading-in-london-and-dublin-181408.html Tue, 25 Jul 2017 14:17:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/181408/greencoat-renewables-starts-trading-in-london-and-dublin-181408.html Atlantis Resources closes fully subscribed £5mln green bond http://www.proactiveinvestors.co.uk/companies/news/181386/atlantis-resources-closes-fully-subscribed-5mln-green-bond-181386.html Tue, 25 Jul 2017 07:24:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/181386/atlantis-resources-closes-fully-subscribed-5mln-green-bond-181386.html AFC Energy unveils landmark fuel-cell micro-grid project http://www.proactiveinvestors.co.uk/companies/news/181337/afc-energy-unveils-landmark-fuel-cell-micro-grid-project-181337.html Mon, 24 Jul 2017 09:21:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/181337/afc-energy-unveils-landmark-fuel-cell-micro-grid-project-181337.html Greencoat Renewables expands Irish wind farm IPO to €270mln http://www.proactiveinvestors.co.uk/companies/news/181202/greencoat-renewables-expands-irish-wind-farm-ipo-to-270mln-181202.html Thu, 20 Jul 2017 08:38:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/181202/greencoat-renewables-expands-irish-wind-farm-ipo-to-270mln-181202.html Commercialisation milestones will provide near-term catalyst for fuel cell developer Ceres Power http://www.proactiveinvestors.co.uk/companies/news/180907/commercialisation-milestones-will-provide-near-term-catalyst-for-fuel-cell-developer-ceres-power-180907.html Fri, 14 Jul 2017 10:45:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/180907/commercialisation-milestones-will-provide-near-term-catalyst-for-fuel-cell-developer-ceres-power-180907.html Fuel Cell specialist CeresPower fully charged for 2018/9 http://www.proactiveinvestors.co.uk/companies/stocktube/8598 CEO of Ceres Power(LON:CWR) Phil Caldwell tells Proactive how he sees fuel cell technology completely taking over from combustion engine driven energy...he says a revolution is happening and Ceres is at the forefront of that. Ceres has signed another joint development agreement with an original equipment manufacturer (OEM).
Ceres and the unnamed new partner will work together to develop prototype multi-kilowatt power systems for several potential applications.

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Wed, 10 Jan 2018 15:42:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8598
Atlantis Resources joins forces with GFG Alliance to create renewable energy firm http://www.proactiveinvestors.co.uk/companies/stocktube/8546 Tim Cornelius, chief executive of Atlantis Resources PLC (LON:ARL), tells Proactive they're transforming into a diversified renewable energy company with the acquisition of a significant power generation asset.

The AIM-listed tidal power developer has agreed to acquire SIMEC Uskmouth Power Limited (SUP) from SIMEC UK Energy Holdings Limited, a GFG Alliance company, the owner of a 220 megawatt capacity power plant in South Wales which will be converted to use an end-of-waste energy pellet as fuel.

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Fri, 15 Dec 2017 12:49:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8546
Atlantis Resources agrees terms for long-term lease to develop Wyre estuary project http://www.proactiveinvestors.co.uk/companies/stocktube/8396 Tim Cornelius, chief executive of Atlantis Resources Limited (LON:ARL), runs Proactive through the heads of terms agreement they've signed with the Duchy of Lancaster for an option on the long-term lease of the riverbed required to develop the Wyre estuary tidal barrage and flood protection project.

Cornelius says they'll now work with the Duchy of Lancaster, the Wyre and Lancashire councils as well as local stakeholders to progress the project.

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Tue, 21 Nov 2017 14:09:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8396
Atlantis Resources' MeyGen project will be a major boost to Scotland's economy http://www.proactiveinvestors.co.uk/companies/stocktube/8261 Atlantis Resources Limited (LON:ARL) CEO Tim Cornelius spoke to Proactive Investors as their MeyGen tidal power project in the Pentland Firth hits a major milestone.

''The fourth turbine's installed - it obviously means we've now completed the construction phase of phase 1A, 6Mw, so now fully connected to grid, generating electricity and most importantly generating revenue'', Cornelius says.

He adds they've now asked the UK government for a separate deal to get the project included among the new roster of subsidised renewable power developments.

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Thu, 19 Oct 2017 10:59:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8261
AFC Energy looking to be commercially valid and viable by end of 2017 http://www.proactiveinvestors.co.uk/companies/stocktube/8190 Adam Bond, chief executive of AFC Energy plc (LON:AFC), caught up with Proactive's Andrew Scott on the back of their recent quarterly update.

Bond says that initiatives undertaken by them and their partner De Nora have the potential to slash the cost of hydrogen power.

Electrodes with two-year operational lives, against one year now, are now in view, he said, with a line of sight to a four-year economic operational electrode life.

A newly designed fuel cell stack without solid nickel substrate frames, now demonstrated both at laboratory scale and industrial scale with improvement in stack performance  has also reduced stack costs by up to 30%.

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Wed, 04 Oct 2017 12:21:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8190
Ceres Power on track financially and commercially after fantastic year http://www.proactiveinvestors.co.uk/companies/stocktube/8185 Phil Caldwell, chief executive of Ceres Power PLC (LON:CWR), tells Proactive they've had their most successful year to date with revenues more than doubling.

He adds they're ahead of expectations financially, which has allowed them to accelerate the technical development of the SteelCell technology.

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Wed, 04 Oct 2017 09:40:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8185
Greencoat UK Wind's pipeline of potential acquisitions 'bigger than ever' http://www.proactiveinvestors.co.uk/companies/stocktube/7862 Greencoat UK Wind's Stephen Lilley discusses with Proactive's Andrew Scott their half yearly report to June 2017.

Among the highlights, the group’s investments generated 626.6GWh of electricity - 2% above budget.

They also increased their portfolio to 21 through the acquisition of two wind farm investments.

Lilley also discusses news of their further investment in Clyde.

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Tue, 01 Aug 2017 13:21:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7862
AFC Energy kicks off work on 'landmark' hydrogen micro-grid project http://www.proactiveinvestors.co.uk/companies/stocktube/7830 Adam Bond, chief executive of AFC Energy plc (LON:AFC) tells Proactive they're  advancing a landmark fuel-cell project in Surrey, signing a deal with Dunsfold Park Ltd.

The company has signed a term-sheet for a front end engineering and design (FEED) for the project, which will be a micro-grid utilising hydrocarbon fuel cells capable of powering 2,500 homes.

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Mon, 24 Jul 2017 12:55:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7830
Atlantis Resources' Tim Cornelius on a very productive few months with two turbines now reconnected http://www.proactiveinvestors.co.uk/companies/stocktube/7764 Tim Cornelius, chief executive of Atlantis Resources Ltd (LON:ARL) tells Proactive's Andrew Scott two of the three AHH turbines at its MeyGen tidal power project have been successfully reinstalled and reconnected.

The two turbines have recommenced power generation to the grid.

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Mon, 10 Jul 2017 11:51:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7764
'Strong interest' in Atlantis Resources' bond offer from new and existing investors http://www.proactiveinvestors.co.uk/companies/stocktube/7719 Bruce Davis, co-founder of the crowdfunding platform Abundance Investment Ltd, tells Proactive Atlantis Resources PLC (LON:ARL) has had strong interest from members in their 5 year bond offer.

Atlantis’s offer raised more than £1mln in subscriptions within 24 hours of the formal launch of the bond. 

It represents a new subscription record for offerings launched via Abundance, a peer-to-peer ‘ green investment’ platform.

''This is the first AIM-listed company which has chosen to raise money with Abundance - we've had a couple of larger renewable energy companies in the past, but no one that was actually listed - so that's great to see'', Davis says.

The offer aims to raise between £2-5mln and closes on 16 August 2017.

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Thu, 29 Jun 2017 10:42:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7719
'Really happy, in a good place & a big market to buy into' - Greencoat UK Wind's Stephen Lilley http://www.proactiveinvestors.co.uk/companies/stocktube/7477 Stephen Lilley of Greencoat UK Wind (LON:UKW) runs Proactive's Stocktube through the company's focus and growth strategy.

They currently have 20 assets - 19 onshore and 1 offshore.

''Offshore is a great place to buy assets going forward because there's a bit of growth there, we'd like to do a bit more of that'', Lilley says.

He also explains why they're focused solely on the UK and the 'huge' market potential.

''Really happy , in a good place, a big market to buy into but we'll take our time, we'll be steady - we'll grow if we see value and we won't if we don't'', Lilley says.

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Thu, 18 May 2017 09:49:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7477
Ceres Power Holdings' boss talks through an "excellent six months" http://www.proactiveinvestors.co.uk/companies/stocktube/7059 Phil Caldwell, of Ceres Power talks us through the fuel cell developer's interims to December 31, last year.
Going into 2016, the firm had two main aims - to secure five big name commercial partners and to expand into new markets and applications.
"I'm very pleased to say that we are more than on track on both of those," he told Proactive's Andrew Scott.

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Wed, 08 Mar 2017 11:30:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/7059
Atlantis Resources chief credits 'meticulous planning and preparation' for record turbine deployment http://www.proactiveinvestors.co.uk/companies/stocktube/6947 Atlantis Resources Ltd (LON:ARL) chief executive Tim Cornelius tells Proactive their latest turbine has been deployed in record time.

The first Atlantis AR1500 tidal stream turbine – designed by Lockheed Martin – was deployed in less than an hour at the MeyGen tidal project, in Scotland’s Pentland Firth.

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Mon, 20 Feb 2017 12:30:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6947
Ceres Power Holdings PLC on track for most successful year http://www.proactiveinvestors.co.uk/companies/stocktube/6794 Phil Caldwell, chief executive of fuel cell specialist Ceres Power, says the group is on track for its most successful financial year ever.
Posting a trading update for the latest six months to end December, he told Proactive's Andrew Scott: "We are on track to treble revenues which is very encouraging..."
"We've secured a number of contracts which means that we've got about £5mln on order book which will flow through into the rest of this year and following years," he said, adding that the firm was in the best shape ever financially.
Notably, against the background of Brexit, he said the  company was a fantastic example of a British technology exporter, with 90% of its business in Japan, Korea and the USA.

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Thu, 26 Jan 2017 08:17:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6794
Zak Mir upgrades his AFC Energy price target to 35p http://www.proactiveinvestors.co.uk/companies/stocktube/6700 Technical analyst Zak Mir is tipping AFC Energy plc (LON:AFC) to add another 75% to its share price in the coming weeks.

The ‘King of Charts’ had previously set a target of 30p for the fuel cells group, but has upped that forecast to 35p now.

“There’s a rising trend channel which can be drawn from last June,” Mir says in the latest Proactive Investors Bulletin Board segment.

“One could probably upgrade [the previous target] a little to 35p which is the top of that 2016 price channel.”

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Tue, 10 Jan 2017 09:55:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6700
Fourth partnership 'a really positive agreement for us' says Ceres chief Phil Caldwell http://www.proactiveinvestors.co.uk/companies/stocktube/6627 A leading global original equipment manufacturer (OEM) has signed a joint development licence agreement with fuel cell developer Ceres Power Holdings PLC’s (LON:CWR).
Chief executive Phil Caldwell tells Proactive it's a really positive agreement because it's their first in a new application - higher power combined with heat and targeting the business sector.
''We've always done fuel cells for homes this is really now looking at businesses'', Caldwell says.

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Mon, 19 Dec 2016 13:34:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6627
AFC Energy PLC to play its part in the Northern Powerhouse initiative http://www.proactiveinvestors.co.uk/companies/stocktube/6503 AFC Energy plc (LON:AFC) is to collaborate with Peel Environmental to assess the feasibility of siting a fuel cell project at the Protos industrial park near Ellesmere Port, Cheshire.
Chief executive officer Adam Bond said a lot of the opportunities the company has looked at over the years have been overseas, but it is a UK-based company, and this agreement represents a chance for the company to play its part in diversifying the energy mix in the UK.
“The opportunity to position ourselves with a partner of the calibre of Peel, of the prominence of Peel in the north of England, particularly in supporting the British government’s ‘northern powerhouse’ initiative, was something we were very keen to pursue,” Bond told Proactive Investors.
Bond has been down to the Protos industrial park to have a gander, and size up the potential industrial off-take customers in the region. Importantly, for the company and its alkaline fuel cell technology, there are plentiful sources of hydrogen that AFC can potentially tap into.
If it all goes ahead, it will be a landmark project, and one of the largest of its type in the world.
“We’re looking to complete the scoping of the opportunity in the next few months. It will go into 2017, but hopefully not too far,” Bond said.
Bond also commented on the major milestone earlier this month, when the company completed Generation 2 of its breakthrough KORE fuel cell system, which has extended the stack life and increased the time the system is able to generate power.
Back at the time of the announcement, on 14 November, the system has clocked up 720 hours of power generation and it has now made it past the 1,000 hours mark.
Bond also highlighted the importance of the system now being able to accept lower-grade hydrogen, which will save both time and money.
AFC’s ultimate objective has always been to take the hydrogen straight from the supplier and run it straight through its fuel cells without having to clean it up, and it now believes it is able to do this.

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Wed, 30 Nov 2016 14:43:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6503
“No rest for the wicked,” says Atlantis Resources Ltd boss http://www.proactiveinvestors.co.uk/companies/stocktube/6394 The chief executive of Atlantis Resources Ltd (LON:ARL), Tim Cornelius, has hailed his team after the company achieved first power generation at its MeyGen tidal power project on Tuesday.
He tells Proactive that this milestone is a massive moment not only for Atlantis, but also for the industry as a whole.
“Seminal moment for the company, seminal moment for the entire tidal power industry, not just in Scotland but throughout Europe and, I would venture, globally,” Cornelius says.
It took more than a decade of hard work to get to this stage, but there is no time to stand back and admire the progress made so far, he adds.
“This first phase should be up and operational around Christmas time but at which point we’re only just beginning the story.
“We’re going to be installing a total of 261 turbines on the site, so this is another good five years of work left.
“So no rest for the wicked.”

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Tue, 15 Nov 2016 13:42:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6394
AFC Energy shares could rally up to 30p says technical analyst Zak Mir http://www.proactiveinvestors.co.uk/companies/stocktube/6291 AFC Energy plc (LON:AFC) has recently been on the front foot in terms of its ‘fundamentals’ and that’s reflected in the fuel cell group’s share price, according to technical analyst Zak Mir.
 
The chartist says the chart shows a ‘quite encouraging situation’ and, significantly he reckons the price can rally nearly 50% before the end of the year.
 
Whilst in the immediate term he expects the price to consolidate at current level of 17p, he expects a move higher (above 19p) could spark a run up to around 30p per share before the end of 2016.
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Mon, 31 Oct 2016 12:10:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6291
Offshore campaign 'very, very successful', says Atlantis chief http://www.proactiveinvestors.co.uk/companies/stocktube/6274 Atlantis Resources Ltd’s (LON:ARL) MeyGen tidal power project in the Pentland Firth, Scotland, is on track to have all four turbines installed and connected to the grid by the end of the year.

Chief executive Tim Cornelius tells Proactive: ''All foundations are now firmly in place and in their correct position. We've just completed a very, very successful two-and-a-half week offshore campaign using a large jack-up rig.''

''The foundations are in place, preparations are now being made to establish the turbines and commission the fields'', Cornelius added.

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Thu, 27 Oct 2016 15:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/6274
More partners to come for Ceres Power as reputation grows – CEO http://www.proactiveinvestors.co.uk/companies/stocktube/6070 Phil Caldwell, chief executive of Ceres Power (LON:CWR), says the £20mln raised from new and existing shareholders puts the firm "in a very strong financial position" as it goes into a key next stage with some of the world class companies its recently sealed deals with.

The fuel cell technology company added Honda, Nissan and Cummins to its roster of partners in what Caldwell described as a "very successful year commercially."

Some of the money raised will be allocated to higher power system development. "That really unlocks two new markets for us which is the commercial scale and transportation scale opportunities," says Caldwell who stresses with three world-class partners already on board Ceres is on target to exceed its five big name ambition, taking some of those to commercial launch by 2018.

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Thu, 29 Sep 2016 11:45:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/6070
Cummins data centre deal a ‘huge endorsement’ of our technology says Ceres' CEO http://www.proactiveinvestors.co.uk/companies/stocktube/5463 Ceres Power (LON:CWR) has been chosen as a partner by US giant Cummins in a contract for the US Department of Energy to develop fuel cells for data centres.
Phil Caldwell, Ceres’s chief executive, told Proactive not only is it a significant commercial step for the AIM-listed company it is also a huge endorsement of its steel oxide fuel cell technology.

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Thu, 01 Sep 2016 07:21:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/5463
Atlantis Resources eyes Eastern promise http://www.proactiveinvestors.co.uk/companies/stocktube/5387 Tidal power group Atlantis Resources Ltd (LON:ARL) is eyeing eastern expansion after securing an investment in its flagship project in Scotland.
Chief executive Tim Cornelius said Atlantis was attracting interest from infrastructure investors in China, South Korea, India, the US and Europe after selling a 2% stake in Tidal Power Scotland to offshore construction group DEME Concessions NV for £2mln.
Cornelius added that the UK's EU referendum decision had not affected its European Union funding.
"Whilst the 'Brexit' decision was unfortunate, all the schemes in the project funding lines remain undisturbed, which is obviously good for us and our investors," he said.

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Thu, 11 Aug 2016 12:50:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/5387
De Nora a high-class collaboration, says AFC Energy plc chief http://www.proactiveinvestors.co.uk/companies/stocktube/5367 Adam Bond, chief executive of AFC Energy (LON:AFC) says the recent joint development agreement with Industrie De Nora has allowed the group to collaborate with a “high profile, high class partner”.
“De Nora is arguably the world's leading designer, manufacturer and supplier of electrodes,” says Bond.
The partnership will allow AFC to accelerate the commercialisation of its fuel cell technology.
“It allows us to grow a commercial platform and roll that out into the market as soon as possible.”
Bond says the group is now actively working on delivery this year’s milestone achievements, but “patience is a virtue.”
The tie-up follows months of extensive technical discussions between the two parties.

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Fri, 05 Aug 2016 14:45:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/5367
EU funding “reassuring” for AFC investors, says Cantor’s Forsyth http://www.proactiveinvestors.co.uk/companies/stocktube/5157 AFC Energy plc (LON:AFC) confirmed the receipt of a €2.052mln cash injection from the European Union's Fuel Cells and Hydrogen Joint Undertaking, and relates to the POWER-UP project for the period up to June 20115.

Adam Forsyth, analyst at Cantor Fitzgerald, tells Proactive Investors that the company had accounted for the injection this year, but adds “it’s always good to see the cash come in”.

“The cash obviously is helpful in that, without significant revenue coming in, the grant income helps to fund the cost of development,” he says.

Forsyth also notes that the company is also boosted by its arrangement with consultants Planting who are providing a lot of the engineering support on “a basis that helps cashlow”.

He adds that “in early stage companies like AFC, this, I think, provides quite a lot of reassurance for investors”.

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Fri, 17 Jun 2016 09:50:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/5157
Ilika PLC eyeing up “exciting” Internet of Things market http://www.proactiveinvestors.co.uk/companies/stocktube/4955 Graeme Purdy, chief executive of material innovations company Ilika PLC (LON:IKA), believes “the Internet of Things market is very exciting for power supply technologies”, like the one Ilika has just unveiled.

The company has launched its Stereax M250, the first battery in the Stereax family, and Purdy believes that the batteries will serve many different purposes, as “just about every IoT application has a need for power”.

Speaking to Proactive, Purdy explains how Ilika intends to create and distribute the units, saying the company will implement “a licensing model, [where] we transfer our knowhow to a large manufacturing company that [then] produces these batteries at scale”.

He also revealed that the company is to launch a new product, codenamed ‘Beagle’, that will likely be available in early 2017.

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Wed, 27 Apr 2016 09:18:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/4955
Atlantis Resources PLC moving from R&D to commercial roll-out, says chief http://www.proactiveinvestors.co.uk/companies/stocktube/4849 Tidal power specialist Atlantis Resources PLC (LON:ARL) is to work with infrastructure investment group Equitix to develop its portfolio. 

Under the agreement, funds managed by Equitix will acquire at least 25% of each Atlantis project at financial close.

Tim Cornelius, chief executive, tell Proactive “having a fund the size and the prestige of Equitix coming alongside to invest in each of our projects really transforms the industry from R&D to full-scale commercial roll-out”.

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Mon, 04 Apr 2016 14:27:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/4849
AFC Energy chief proud of 2015, looks to build on success this year http://www.proactiveinvestors.co.uk/companies/stocktube/4706 AFC Energy (LON:AFC) chief executive Adam Bond speaks to Proactive on the  fuel cell power company’s eight strategic milestones and outcomes for 2016.

This year the company wants to develop a second generation (Gen 2) fuel cell stack and BoP during the second half of the year, and operate it for an extended test period.

The company is also focusing on designing and producing a 1 megawatt capacity fuel cell system, as well as other products, and on a commercial front, is looking to tap into the Middle Eastern and Asian markets.

“We are very positive about the opportunities that exist and I am very confident that we will be ticking off more of those boxes over the next few months,” he says.

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Tue, 01 Mar 2016 13:02:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/4706
AFC Energy chief “very confident” of technology potential http://www.proactiveinvestors.co.uk/companies/stocktube/4603 AFC Energy (LON:AFC) chief executive Adam Bond said news flow from the last week “has proven that the technology is capable of delivering a nameplate capacity per cartridge of over 10kW.”

He spoke to Proactive after the company confirmed the generation of more than 200kW of electricity from its KORE fuel cell power plant in Stade, Germany.

Bond said he is “very confident” that the firm will be able to generate around a gigawatt of energy over the next few years, adding that the market for the technology is “absolutely” and “unequivocally” there.

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Tue, 02 Feb 2016 13:31:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/4603
Honda deal puts Ceres Power on map: CEO http://www.proactiveinvestors.co.uk/companies/stocktube/4555 Ceres Power Holdings (LON:CWR) signed an agreement on Monday with Japanese powerhouse Honda R & D to jointly develop solid oxide fuel cell stacks.

Speaking to Proactive, Phil Caldwell, chief executive, said the company’s focus is to make this next stage of the Honda agreement “very successful” but added he is confident that this will be the first of “several deals” Ceres Power (LON:CWR) will look to secure this year.

He added that the new deal is “as big an endorsement as you can get of this UK-based technology,” from the world’s leading market.

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Mon, 18 Jan 2016 11:52:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/4555