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Bushveld Minerals Share Chat (BMN)

Share Price: 25.25Bid: 25.00Ask: 25.50Change: -0.25 (-0.98%)Faller - Bushveld
Spread: 0.50Spread as %: 2.00%Open: 25.75High: 26.25Low: 24.25Yesterday’s Close: 25.50

Share Discussion for Bushveld Minerals

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Posts: 4,514
Opinion:No Opinion
RE: BE Your Time Has Truly Come
16 May '19
The vanadium price will turn round, al the signs suggest it won't be too long until it does - we have been here before. BMN is on a path of aggressive growth and one day in the not too distant future, people will realise this was a time to accumulate, not worry. The shorters are causing pain for those focused on the day to day SP, but for those with a longer term view, are providing great opportunites to build your holding at now, almost pre-Vanchem levels. If it goes lower, many of us will just keep adding.It might not feel like it but these suppressed prices will ultimately prove a gift.
Posts: 491
Opinion:No Opinion
RE: BE Your Time Has Truly Come
16 May '19
Following on from that in the BE Q4 update it goes on to say....

Large energy storage opportunities in Africa

While most attention by energy storage researchers, suppliers and funders has centred on markets in Australia, East Asia, Europe and North America, since its inception Bushveld Energy has maintained that Africa offers potential to meet or exceed the market opportunities of those geographies in the near term. Our expectation of 1,000MWh of annual opportunities by 2020 that befit the technical advantages of VRFB technology, including cost effectiveness in long-duration energy storage requirements, ability to cycle without degradation for over 20 years, and the advantage of having more local content, especially for South African customers. Two specific factors supporting this are:

· The World Bank Group ("WBG") committed US$1 billion for Battery Storage to accelerate investments in battery storage for energy systems in low and middle-income countries. This is expected to mobilise an additional US$4 billion in concessional climate financing and public and private investments. The program is expected to help these countries ramp up their use of renewables - particularly wind and solar power - improve energy security, increase grid stability and expand access to electricity. The programme aims to finance 17.5GWh of battery storage by 2025;

· South Africa's draft 2018 Integrated Resource Plan (the country's electricity plan) has massive opportunities for battery energy storage. This includes 15,000MW of new renewable electricity generation by 2040; 9,000MW in peaking generation capacity with provision for alternative technologies (such as battery energy storage) to participate; and a new allocation of an additional 200MW per annum for small scale embedded generation that can include storage. In addition, the South African Renewable Energy Independent Power Producer ("REIPP") Procurement Programme has been restarted to continue to add renewable energy to the grid, creating opportunities for long duration battery storage;

Bushveld Energy is well-positioned in terms of capabilities, market knowledge and geography to take advantage of these massive opportunities in the region. For example, nearly 40 per cent of WBG funding historically has gone to sub-Saharan Africa, suggesting that a similar amount of the battery energy storage programme may be deployed there. The South African state-owned electricity utility, Eskom is preparing to roll-out 1,400MWh of battery energy this year and complete it by 2022, in an effort to improve the performance of the power system and integrate more renewable energy. More recently, the decreasing performance of the South African power system and recent return of "load shedding" or power rationing is creating significant demand from electricity consumers for self-supply of electricity, including large amounts of storage.

Love it when a plan comes together...

GLA and ignore the haters.
Posts: 1,182
Premium Chat Member
Opinion:No Opinion
RE: BE Your Time Has Truly Come
15 May '19
This reminds me, I love the butterfly effect. Great film.
Posts: 1,614
Opinion:No Opinion
RE: BE Your Time Has Truly Come
15 May '19
Posts: 4,139
Premium Chat Member
Opinion:Strong Buy
BE Your Time Has Truly Come
15 May '19
Bushveld Energy Q1 2018 Update.

Market Status

“In South Africa, demand continues to rise, evidenced both by greater enquiries for provision of single-acid vanadium electrolyte or direct projects that require energy storage for at least four hours per day. This has allowed Bushveld Energy to continue growing its regional project pipeline.”

“However, conversion of potential projects is currently low due to regulatory uncertainty over the treatment of energy storage, the lack of progress of South Africa's renewable energy programme and opaque official guidance on the direction of the country's energy policy as published in the Department of Energy's Integrated Resource Plan.”

Developments since this update ;

1. April 2018 Radebe signs off outstanding REIPPPs.
2. October 2018 Eskom announces 1440MWh BESS Project.
2. March 2019 Draft IRP includes battery energy storage allowance of over 2,000MW.
3. May 2019 Radebe instructs NERSA to grant licenses to SSEG projects with a combined capacity of 500MW.

Let the conversion begin.

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