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Alfacomp...thanks for that snippet...I guess we will just have to wait and see. As BBN said, consolidation of the small VRFB manufacturers and joint ventures/partnerships with the likes of BMN is definitely the only way they can get their economies of scale sorted now that PV Arrays are the must have in so many areas and they are trying to upscale on size of projects.
Let's bring Vanchem and Mokopane home first eh!
Bella I have answered your question in a different thread
Thanks BBN...sorry our posts crossed.
Now, knowing what we know about the Cellcubes finances (which have been dodgy for a while), why would BMN even consider using them in their own 'show and tell' PV/Battery project. Surely there's a good case for some more VIP here on BMN's part to get the right to manufacture Cellcube batteries etc...
Cellcube, Immersa & Hive have been working on a joint manufacturing deal in the UK
https://www.solarpowerportal.co.uk/news/hive_energy_backs_long_duration_storage_with_immersa_cellcube_partnership
However in their last update, they say:
'It has taken a lot of time and capital to get to a position that Enerox is at today, but until the company can produce and execute projects with a consistent number of units, the company will continue to be in a monthly working capital deficit position. '
'CellCube is currently in negotiations with other parties with respect to both Enerox GmbH and V23 Resources. '
So the Enerox side of the Cellcube business could be up for grabs, if not the whole company.
RichKen...I thought that at first, but they're mentioned in the schematic drawing too and the detail given is Cellcube F1000-4000 DC Cluster and they're linked into a SCADA System which is used by Cellcube too. The PV on the same schematic simply says PVDC Field (no detal at all)....
You will find Cellcube details/SCADA on here.
https://www.ny-best.org/sites/default/files/uploaded/images/Matt%20Maiers%20Gildemeister.pdf
I also think there might be some copyright problems if you use someones pictures especially without their permission or at least reference to the fact they are not representative of the actual system being used etc....
@Bella6532 It is one thing to employ photos from a company as an example but I don't believe that Bushveld Energy would go as far as using a Cellcube concept design, that is marked up with the exact size of the proposed min grid (1MW/4MWh), unless they were actually considering working with Cellcube.
According to the interims, the latest developments included "commenced a number of activities including an Environmental Assessment, a grid connection and geotechnical studies. Procurement for the project commenced in Q3 2019."
I am seeing a date of 21st August 2019 attached to the basic assessment, in terms of completion ready for comments by interested parties. Therefore, the inclusion of Cellcube at that point in time was still relevant, which is well into Q3.
If they are procuring then they will have made a decision on the contractor and the design associated with them. 21st August is just over half way through Q3, thus leaving time for an alternative option. However, given it is the basic assessment, which is the official environmental assessment for the project, I feel strongly the correct methodology and designs would be employed from the start. Therefore, the inclusion of Cellcube points towards them being the chosen VRFB manufacturer.
If so, then that places Bushveld Energy in a relationship with not one but 4 well known VRFB manufacturers.
Bella, it could be as simple as that was the first picture of a VRFB that the project planner found on the internet and used it.
It is just a picture of a VRFB. Could be that simple ad we are all thinking that is the partnership?
Just a thought.
As we all know:
‘Bushveld Vametco Holdings (Pty) Ltd (Bushveld Vametco) proposes to develop a 2.5 MW Photovoltaic (PV) fixed tilt solar park with a 1MW/4 MWh Vanadium Redox Flow battery (VRFB) storage system….The VRFB will be centralised and consist of 10 standards 3X12m shipping containers,’
https://www.golder.com/download/931/bushveld-vametco-holdings-pty-ltd-basic-assessment-for-solar-pv-park-brits/75063/18113653_bushveld_vametco_solar_pv_draft_bar.pdf
And… Fig 4 and Fig 5 in the Basic Assessment Concept Report above clearly show Cellcube Batteries.
And …‘The Public review period of the Draft Basic Assessment Report and supporting documents has been made available from 19 August 2019 to 18 September 2019.
However, stupid me, missed this:
‘The proposed study is a pilot project for combining PV solar with battery storage (Vanadium Redox Flow in this case), a new technology that has been successfully implemented in the United States of America at the Maharishi University. This pilot study will assess the economic and technological feasibility of such a project within the South African context.’
There are no activity alternatives considered for this project, as this is a pilot project for determining the feasibility of renewable energy with battery storage within South Africa.’
Now guess what has been implemented at the Maharishi University!!!...
‘Nextracker NX Flow Avalon batteries are utilised at the site.’
https://www.energy-storage.news/news/iowas-first-large-scale-pv-plus-storage-project-installed-at-university-use
Dah Dah!!!!
However, the question is, why do they clearly show Cellcube batteries????
1. Are they actually going to use Cellcube batteries and they are simply making reference to a project combining PV solar with Vanadium battery storage....
And when they say ‘there are no activity alternatives considered for this project’ they just mean they won’t be using an alternatives PV solar and vanadium battery technology.
And one other reason it might still be Cellcube is the fact they are using fixed tilt panels not tracker panels and they don't mention Nextracker or whose Panels will be used.
2. Or they are in fact going to use Avalon batteries not Cellcube.
3. Or they are keeping their options open.
I for one are now very confused dot com!!!! Any thoughts????
Cellcube Mkt Cap = CD 12.6m = £7.6m
BMN has said on several occasions they would be looking at direct or indirect investment in VFB manufacturers.
'CellCube's Corporate Mission...
To be a fully integrated producer of vanadium, vanadium electrolytes and vanadium redox flow batteries for the energy storage industry.'
https://www.cellcubeenergystorage.com/cellcube-2018
Now how are they going to achieve all this....??
Now is the time for the Vanadium Redox Flow Battery to really maximise its place in the energy storage market. There really is a change in momentum right now in the world. I think the next 5 years we will see a huge migration to eV's as they become more affordable and the large manufacturers move development fully away from ICE development and full time to eV's. This means that the energy storage market needs to find an alternative to Lithium-Ion, for many reasons. Not least of all because of the fire risk, but the key is when you buy a high capital asset like a large capacity energy storage system it needs to last longer than 10 years. The key advantage of VRFB is the assets will last a minimum of 20 and new technology will be 30 years. This means that you can not only finance the asset over longer, but you can depreciate the asset over longer which for large energy companies is a massive advantage. The even stronger advantage is the electrolyte can be transferred into a new system in 30 years time and reused in a new system as the technology advances. Of course, the leasing of the vanadium electrolyte can be removed from the capital expenditure (at purchase) and be spread through operation cost.
No other system can say that the depth of charge does not reduce over life, even going from 100% to 0.
The key to success though is for the whole VRFB industry to make a huge noise with every energy provider on the planet and every power distribution company. Right now the knowledge is low, but it will increase. We need them all to demonstrate and shout about the technology. When we look at the work that Mikhail is doing in Africa, and around the world with Vanitec is a huge step forward and there need to be many more champions like him demonstrating the advantages. But this will take time and in that time the global Vanadium mining and processing businesses will be ready to supply to this huge market. In the meantime, Bushveld Minerals are doing everything they can to be ready. When this market takes off the days of this low SP will be long gone! Make sure you are still invested here because the clock is ticking and we will succeed!
Cheers, RK
CellCube are ripe for a takeover.
Recently they were after PP $10m, but could only raise $225,000.
Also, the non-binding letter of intent entered into with Regency Gold Corp. dated December 12, 2018 where the Company would sell V23 Resource Corp. (Nevada Vanadium Property) recently lapsed.
Olly4 - it goes to show that they are able to pick and choose from amongst a number of different manufacturers. This is what happens when you mine what all of them want.
Thanks for the link to the report alfa.
Interesting that they show a CellCube VRFB and not UET or Avalon.
yes the note I am reading about it being the 25th is qualified with *based on last year's publication
YTSS last year Interim Results published on 26 September 2018
https://www.investegate.co.uk/bushveld-minerals-ld--bmn-/rns/interim-results-for-the-period-ended-30-june-2018/201809260700059689B/
YTSS - Bushveld Energy don't make VRFB's
yet
Probably been asked previously - Why a Cellcube VRFB and not BE?
Looking back to last year cannot see interim results RNS - is 2019 the first year to have them?
... according to the environmental assessment report the public review period for the 1MW/4MWh VRFB backed Vametco minigrid finished last wednesday.
https://www.golder.com/download/931/bushveld-vametco-holdings-pty-ltd-basic-assessment-for-solar-pv-park-brits/75063/18113653_bushveld_vametco_solar_pv_draft_bar.pdf