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Thank you very much Alfa, so informative as always
For VRFB's it is typically about 1MWh per 40foot container. This compares with about 1.5MWh for Lithium-ion, however it is possible to stack the VRFB container, eg as Sumitomo do with the power stacks sitting on top of containers that house the electrolyte tanks, - so the surface area occupied by VRFB's could actually be less than for lithium ion.
I was wondering the size of this battery storage. Not in MWh but actual size. What is the maximum amount of energy a container can hold?
Thank you
Half a billion dollar deal ,
Deal or no deal ?
Deal , take their money
I asked the other day - have you any idea how many millions of dollars 1440MWh of battery storage will cost and how much vanadium and vanadium electrolyte is required? The money is from the world bank.
Not many answers yet, thanks to Reteps, NortherMonkey, VauxhallViva and Alfacomp for contributions!
We need more guesses please!
The value of this project to Bushveld Energy and the impact of publicity is going to have a significant impact on Bushveld Minerals global name. BigByteNow has made the points that we may not get it all, and I think he may be right, but when you look at the tender and 20% has to come from SA then maybe we might see more of the tender coming our way than might have been expected. Nothing is 100% of course. Typical orders to Bushveld Minerals are in the range of $1.4 to $3 Million for Nitrovan. The impact of a contract in excess of $200 million would have some effect on this company would you not think? A contract in excess of $450 million would have an even larger impact!
It would comprise of:
Vanadium sale - CAPEX
Vanadium electrolyte sale - CAPEX
Vanadium Redox Flow Battery Sales - various sizes - CAPEX
Project Consultancy Fees - CAPEX
On-Going Vanadium Leasing Royalties - OPEX (Monthly/Quarterly/Yearly)
Maintenance Contract - OPEX (Monthly/Quarterly/Yearly)
Hopefully, you can start to see why this question has such significance to Bushveld Minerals over the next few months any news on the BESS tender may have a huge impact on the value of our business, let alone other projects Bushveld Minerals and Bushveld Energy are working on.
So keep those estimates coming!
Cheers, RK
Thanks Yachty!
To be honest this is a great idea of a thread from RK demonstrating the size of this market by focussing on just this one contractual opportunity.
More stabs maybe would be great to keep this going.
Apply for the sales role, you’ve sold me VV!
So what cost is this contract in lithium..
Well I get current 2019 lithium per kWh at $156 from Google. So that's $224,000,000 for this project plus control systems, FIRE protection, installation etc.. so say $300,000,000. BUT it would be defunct and need replacing (possibly twice) in the same lifetime of a comparable VRFB system. So that's $600,000,000 minimum for a 25yr system that will have NO residual value, need expensive disposal and recycling at least twice, AND during its operation years cannot delivery the deeper longer term storage (4 hour plus per cycle) that grid scale utilities will require for their renewables.
Makes my offer of $450m for the VRFB system seem rather cheap. .
Vauxhall Viva, don't be stupid, I'd make sure that the contract was not a fixed price one but instead worked like those operated by EDF for Flamanville nuclear reactor, or Crossrail for TfL or Medupi and Kusile power stations - once you have got the government on the hook you can simply string out the project as long as you like.
On the other hand Fortune and Mikhail are too honest by half and will no doubt come in on budget.
At least you didn't just undercut me by a dollar Alfa :)
Vauxhall Viva, I'll do it for $440 Million
How many have looked back at the tender document, there is a lot to this contract! The Vanadium and Electrolyte is on par with Alfacomps prediction, but that is only half the story....
Anyone starting to get an idea why this contract and other Energy Storage contracts might have some effect on the valuation of this business....
We need to keep going and dig much further into the total contract value....
More guesses please... where are all the ‘oh I don’t see any value yet in Bushveld Energy for years to come’ sad lot! Come in get involved and see what you unfold don’t wait for all the smart ones put your money where your mouths are!
You’ve got about 4 weeks to find out! But we need more guesses!
So how about $450m for the whole project supplied and installed.??
Haha fair shout Alfa, thought I would be without reading up on it but thought I'd stick my neck out and give it a go.
Gr33ning68 - you are miles out. The acknowledge ratio is 5,000 tonnes of Vanadium per GWh of VRFB energy storage. The Vanadium is only about 8% of the mass of the electrolyte so for 1GWh the weight of electrolyte would be about 60,000 tonnes.
For 1.44 GWh the 5,000 t/GWh ratio of course gives 7,200 tonnes of Vanadium. At say $30 per Kg that would be 216 Million dollars.
I reckon... 7000 tons of electrolyte of which I think will be 45% v. But am probably miles out.
I reckon 1.44 GWh is going to be more like 7000 tonnes of Vanadium, unless you have any different references reteps.
These are impressively big numbers already but what about the markup after processing V in to electrolyte?
Chinese FeV at $29 but electrolyte do we have a clue what Avalon/RedT and others currently pay?
I calculated 5,200 tons of V at a cost today of $149,000,000.
Ok Ken I will have a go, 1440MWh of battery storage would need approx. 7200 mt vanadium even at a low $25 per kg that would cost $180m .
I have a good idea, but do all our SP worriers have any idea how manny millions of dollars 1440MWh of battery storage will cost and how much vanadium and vanadium electrolyte is required? The money is from the world bank.
Looking forward to some guessing!