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From what I understand there simply isn't enough supply of vanadium available to meet the needs of rapid VRFB adoption, there is barely enough supply to meet the needs of a thirsty steel market driven by the chinese. Isn't a slow and steady move to adoption of VRFBs and a consensus that this is the best all round option for grid scale stationary storage for the future what we need?
I live near the soon to be built (subject to planning which I believe is likely) Longfield Solar Farm (www.longfieldsolarfarm.co.uk) which is a large solar development with co-located battery storage. I’ve asked what type of storage is being planned. The answer was a lithium based system. Bit disappointed tbh but the guy I corresponded with, James Pateman, Project Manager, said the decision had already been made and VRFB was not on the table. This is a 500MW facility and would be perfect for VRFB.
Anyone wanting to engage can contact them on info@longfieldsolarfarm.co.uk.
Shame he is a tool that can't say Bushveld without putting on a mocking South African accent!
sage advice in investing !
Just seen this from Justin Waite (@sharepickers) and thought it apt for bushy "If you're holding the shares of a company who’s business is growing & improving (and will continue to do so for months / years to come) do not be concerned about the price the market offers for those shares today / tomorrow - unless you want to take advantage of a bargain price."
Thanks HarChris. That is all I was trying to do.
Thanks for posting that transcript Pdub, I found it helpful.
“… think for yourself.”
LIION my “support” was about the point that Alfa made concerning BMN being focussed on SA (and African continent) as far as direct management of projects is concerned. Nothing more nothing less.
I was trying to help you to understand that they won’t be chasing UK projects by quoting from MN himself, but also making the point that through their partners and clients they plan revenue streams in the wider world by supplying vanadium, electrolyte, etc.
I took the trouble to provide you with a section of transcript from MN. Any decent person would have thanked me for taking the time to do this. Instead of which I get some throw away comment by you which I guess was meant to be some kind of verbal spike.
LLION that was not a pleasant response. That is the last time I will help you.
Piece of advice: don’t believe the cr*p written by our “furry friends”. Read posts carefully and thing for yourself.
Got that one wrong, actually invested in REM now called Cadence still in lithium but mostly Brazillian iron ore and underwater a bit on that but it may come good. Over a million BMN shares by far my biggest investment, hence the concern don't suppose I'll receive an apology for questioning my motives, getting paid to dare ask a reasonable question? you should do more comedy perhaps you might get paid. I didn't imply anyone was thick merely pointing out past accusations of a clique. Next renewables presentation think I'll stay home, bit safer.
“… but I have no idea what you are referring to …”
LIION I apologise for being a bit thick but I have no Leda what you are referring to when you mentioned my name.
Sorry to trouble you but but you explain that point please.
Li-Ion your motives are as clear as your nickname, the only question is how much you are being paid as a competing technology shill.
Last time I looked Wales was in the UK. The consortium is 50% Eire company. Also I thought most people on here complain of lack of recognition of BMN worldwide not just SA. Not much sign of the" hundreds" of enquiries Mikhail spoke about. Must have been the same time a specialist was hired by the company to move off Aim, not exactly got far with that one, (about 2years and counting I guess . Final point Pdub your "support" appears to validate what some of our large footed furry friends under the bridge claim.
Just to support what Alfa posted this is an extract from an interview with FM and MN on 11.11.2019. MN references the various income streams for BMN and BE and states that they intend to be project operators in South Africa (edit: and I believe elsewhere they have referenced the whole of Africa) but in other parts of the world, including the UK, they are more focussed on partnerships and supplying Vanadium, electrolyte, etc, but not operating the projects.
“MN "In some ways we aren't in direct control. Let's take an example of a project like our minigrid. There we are the developers so we get a development fee when that project closes. We are an investor so we get the return in equity or dividends from the power purchase agreement that is signed to pay for the energy that minigrid produces. By the way we are supplying a battery too so if we want to we charge a mark up on somebody else's battery. If we are invested in that company we get an additional benefit because our investment has now appreciated in value because that company has now got more deployments. We are supplying electrolyte so we get a fee for manufacturing the electrolyte into that project. We mined the vanadium so now we've got a sale on the vanadium. This integration allows us really to capture the value sometimes 4 or 6 different activities on just one single project. Now I want to be honest we are not going to develop every single vanadium project every vanadium battery project in the world but if it's in Africa then it's extremely (attractive?). If it's somewhere in let's say Australia yes we are probably not involved in the development, but we may be supplying vanadium, electrolyte, possibly having equity stake into the company that invested there. Possibly having a stake into the rental product company that is supplying electrolyte for rental. So there's a lot of different ways and it can be extremely active. I don't know who is getting 6 ways to make money on one project. To some there might be only 2 or 3. But in either case it's more than just vanadium and that's what integration allows us to do."
(The sound quality was not good so there may be the odd word error during transcription)
LIION - do you have the telephone number for those guys in Wales so that I can tell Mikhail to ring them up and ask if they want to buy some South African batteries. Do me a favour mate, he's got a lot more to deal with than every cotton-picking renewables project on the other side of the planet. Dealing with huge unlocked demand for Renewables+Storage projects in South Africa for one. Remember he is the chairman of the South African Energy Storage Association.
Bonxie I actually asked the question if they were going to use the land around the base of the turbines for PV and they said they would leave 100yds or so and plant trees. Conifers doh.
*VRFB manufacturers
LIION, Mikhail and the VRFB are probably sensibly concentrating on PV based systems, as these involve more frequent cycling which gives VRFBs an advantage over LIBs.
Sorry post cut off asked why Li-on was the suggested option rather than VRFB. Initial response was like a sheep looking into an empty dustbin, (that's Welsh for totally baffled). Expanded and told them that Capex could be softened by electrolyte rental models, might as well have dropped in from Mars, best concentrate on steel because Mikhail appears to be getting money for F*** all, trouble is some of it is mine.
Went to a windfarm presentation today, still in planning/embryonic stages .Website: www.ybryn-windfarm.cymru/