The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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The most viable model for VRFB success appears to be via a vertically integrated vanadium play as outlined by Fortune Mojapelo since 2014. A quick search of the Internet reveals that a number of other companies have now realised this is the way to go, but are likely to be some years behind BMN. Good to know that our CEO and MN are leading the way.
https://www.vanadiumprice.com/protean-energy-vertically-integrated-vanadium/
https://www.v23resource.com/vanadium
"It is likely that battery makers will address the issue of cost with greater volume in the market. That may also address comments about electrolyte feedstock materials price fluctuation in the manufacturing process. It would mean the cost per stored watt falls in the long term and cost-efficiency improves when the VRFB becomes widely used."
https://www.sunpowersource.com/vanadium-redox-flow-battery/
BMN is well placed to benefit from the growth of energy storage, initially in SA and perhaps in other parts of Africa. The growth in VRFB use is likely to have a significant impact on vanadium demand.
"Date: Feb 13, 2019
AIM-listed integrated vanadium producer Bushveld Minerals’ ambition is to grow into one of the world’s most significant, lowest cost and vertically integrated vanadium companies.
Through its vanadium mining subsidiary Bushveld Vanadium and its energy subsidiary,Bushveld Energy,the company has set a strong base from which to unlock the opportunity for downstream integration with Bushveld Vanadium as a captive vanadium supplier to Bushveld Energy, an energy storage project developer and component manufacturer, CHANTELLE KOTZEwrites."
And:
"The amount of vanadium needed in the Navigant and BMI Research assumptions, just for VRFB production, equates to the total amount of vanadium produced in 2017, which means that by 2027, energy storage demand for vanadium, could actually increase by between 50% and 100% in terms of 2017’s vanadium production."
https://www.vanadiumprice.com/bushveld-minerals-growing-to-be-a-world-class-vanadium-business/
Good post Joe.
Apologies if this is old news to longstanding members of this BB, but hopefully some, old and new, investors will be interested. Feedback welcome!
I've been reading articles on the International Energy Agency and World Bank websites which have really highlighted for me the scale of the problem that BE is contributing to solving. The most striking is the fact that 600 million people in sub-Saharan Africa have no access to electricity.
The transformation to the lives of individuals, communities and nations who gain access goes without saying, it's simply life-changing on all levels. It's why the big global development agencies are pouring money into projects and planning. According to the IEA it's not enough money to hit their own 2030 targets 'Providing electricity for all by 2030 would require annual investment of $52 billion per year, more than twice the level mobilised under current and planned policies (as of 2017)' nevertheless it's still serious money.
So considering that some of the least electrified countries are on SA's doorstep it's not too far-fetched to imagine that if BE can prove themselves expert at helping solve SA's energy difficulties they'll be strong contenders to take on the far larger problems over the border.
Obviously if this new supply is going to be from fossil fuels over a conventional grid we don't benefit, but everything I'm reading points towards green energy at point of consumption being a big part of the solution, as highlighted below:
The IEA's Energy and the Sustainable Development Goals aim is that by 2030, renewable energy sources will power over 60% of new access, and off-grid and mini-grid systems provide the means for almost half of new access.
And:
“Leapfrogging over the traditional stages of national grid-based electrification will require a combination of different systems to answer diverse needs,” said Punam Chuhan-Pole, World Bank lead economist and lead author of the Africa’s Pulse. “Leveraging the private sector will be critical to scaling-up electrification.”
Some links for those who'd like to read for themselves:
https://www.iea.org/sdg/electricity/
https://www.iea.org/access2017/
https://www.iea.org/access20/
DYOR GLALTHs and goodnight!