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Faramog...agree, but until someone corrects these authors or asks them to spell out that it's not a true operating cost Lilo systems will continue to be seen as cheaper...
What cost cheap eh if it goes up in smoke...
Does anyone's car actually do the mpk it said on the tin??
@Bella6532 - 'I’ve also read that vanadium flow batteries already cost well below $500/kWh – and that some hope to see $150/kWh by 2020"
Just remember that when LiIo systems get quoted on LTC/KWH they use total capacity, but in reality reducing a LiIo battery below 20% degrades it and below 10% can cause irreversible damage. Similary, charging much above 80% regularly can degrade performance. While I was in Switzerland last week I seem to recall Alfa pointing out the LTC/KWh should be multiplied by 167% to get a real cost of ownership for LiIo.
While VFRB can be drawn down to (practically 0%) there is no degradation... the cost/kwh (nameplate capacity) is what you can get.
BBN's earlier post on the Dalian system is very exciting - like him, I cannot believe they do not have the initial phase fully costed through and pre-purchase agreements in place... a real step forward ... wonder where they will get the electrolyte. I vaguely recall a plant coming into operation later this years somewhere ;-)
Some background from 2017...
'I’ve also read that vanadium flow batteries already cost well below $500/kWh – and that some hope to see $150/kWh by 2020. That’s a competitive product. And if utilities like it better because it scales easier and has a longer lifetime, renewables will benefit.'
https://electrek-co.cdn.ampproject.org/v/s/electrek.co/2017/12/21/worlds-largest-battery-200mw-800mwh-vanadium-flow-battery-rongke-power/amp/?amp_js_v=a2&_gsa=1&usqp=mq331AQA#referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Felectrek.co%2F2017%2F12%2F21%2Fworlds-largest-battery-200mw-800mwh-vanadium-flow-battery-rongke-power%2F
And although most of the articles don't mention them this is a UET/Rongke project...
http://www.uetechnologies.com/news/71-200mw-800mwh-energy-storage-station-to-be-built-with-rongke-power-s-vanadium-flow-battery
And more tie ups...
https://www.energy-storage.news/news/chemours-partners-uet-to-boost-flow-batteries-in-marketplace
Why does this matter.. BMN/UET/ESKOM.
If we get the ESKOM contract it is most likely UET/BMN will set up a joint battery mfg unit within London electrolyte plant... And UET will be bringing lots of experience/knowledge gained from China and latest tech innovations from new partnerships.
Yes let's hope the V price remains within the battery sustainable band to allow BE income to grow quickly from the various income steams including leasing. Vanchem, Mokopane and Brits will offset lower prices with economies of scale and other internal sales transactions...and there are still other non-V aspects to this company to be considered.
WIN WIN...
Interesting article Alpha. To be honest though, it was all Chinese to me.
Nice find SG - here's a related article on the same site from 2 weeks ago:-
Commercialization of all vanadium redox flow battery faces three major bottlenecks
2019-07-03 08:39:56 China Energy News Author: Jing Huo
The advanced large-capacity energy storage technology refers to energy storage technology that is applied in the power system, has a capacity of more than kilowatts, and has superior comprehensive performance. As a key supporting technology for large-scale access to renewable energy, peaking and filling of traditional power systems, and load balancing of distributed regional energy systems, large-capacity energy storage technology has become the commanding height of future energy technology innovation in the world. Pumped storage, lithium-ion batteries, lead storage batteries and other current energy storage technologies are increasingly difficult to meet the rapid development of large-capacity energy storage requirements. All vanadium redox flow batteries are safe, environmentally friendly, long-lived, large-scale, and highly efficient. Features such as freedom of location, and become one of the first choice for high-capacity and efficient energy storage technology. The application value of all-vanadium flow battery technology has been paid more and more attention. China's all-vanadium flow battery technology and application are internationally leading, and it is expected to become the star of the large-capacity energy storage field.
http://mchuneng.bjx.com.cn/mnews/20190703/990096.shtml
http://mchuneng.bjx.com.cn/mnews/20190715/992621.shtml
On July 12, the syndicated loan of the National Demonstration Project (Phase I) of the Dalian Liquid Flow Battery Storage Peaking Power Station was officially signed. Vice Mayor Qi Guowei attended the ceremony.
The National Demonstration Project of Dalian Shuangliu Battery Energy Storage and Peaking Power Station is the first large-scale national chemical storage energy demonstration project organized by the Municipal Development and Reform Commission and approved by the National Energy Administration. It is the 15 major landmarks of “Made in China 2025” in 2016. The project of the project "'Internet + 'Smart Energy System Key Technology Equipment". Dalian Liquid Flow Battery Energy Storage and Peaking Power Station is planned to adopt the domestically developed all-vanadium flow battery energy storage technology with independent intellectual property rights. After the project is completed, it will become the world's largest all-vanadium flow battery energy storage power station. At present, the project has been fully started, and the first phase of the project is scheduled to be completed on June 30, 2020.
The construction of Dalian liquid flow battery energy storage peaking power station has the ability to improve the peaking capacity of Liaoning, especially Dalian Power Grid, and improve the power supply mechanism of Liaoning, especially Dalian Power Grid. As a world-class energy storage power station, Dalian Liquid Battery Energy Storage and Peak Power Station will greatly promote the development of the energy storage industry and change the global energy storage industry structure, which will have a profound impact on the development of the energy storage industry.
Great Post BBN - VRFB is the real future of the business .
Just topped up 106,932 at 23.3699
Staying long and patient
GLA
Good morning everyone,
If the author of this tweet is to be believed then we have a very significant development in the VRFB sector, assisted by a sustained period of lower vanadium prices.
My own thoughts in response point towards a logic that says that the vanadium must have already have been secured for this phase. It may well be that the financing actually pays for the vanadium but for me given the problems that this project is reported to have had in securing vanadium at prices that were tolerable to the project, I struggle to see the team continuing to entertain a supply risk of this potential magnitude when the project is already started.
That aside, such developments are what can happen when vanadium is priced at a level that is for the greater good. As investors we would all like to see higher vanadium prices and greater front end profits for BMN. That in turn would deliver a healthy return for a great many contributors here. However, it isn't the real prize. For BMN that comes from a truly successful VRFB sector and that sector needs pricing and supply support.
So long as BMN has the resources to fulfill its declared plans and go on to produce the stated 8,400 mtV production target, whilst delivering a scalable electrolyte production, then current pricing really does not truly matter. I have stated my feelings previously on this BB, that this year is all about the preparation an that it is in 2020 that this all really starts to kick off and I stand by that.
That preparation is being assisted by those lower vanadium prices because they are helping support projects like the one in Dalian and that in turn helps strengthen the businesses that are involved in them, driving the expansion and penetration of the industry.
It can be difficult to watch at times as V prices seemingly don't want to turn but it is for me important to remember and keep repeating that these lower prices actually are assisting the long term success of this investment and its ability to reach the truly dizzy heights it is capable of.
https://twitter.com/VanadiumWorld/status/1153553656525942785