Member Info for Alfacomp

Arrowtown - as far as I can see they don't say how big their "world's largest battery" is so it is somewhat hard to verify their claim.

I'd be pleasantly surprised if it was as big as the 200MW/800MWh VRFB that is being built in Dalian City in China at the moment.

After reading my analysis of the potential size of the stationary energy storage market you should then read this:-

https://about.bnef.com/blog/energy-storage-investments-boom-battery-costs-halve-next-decade/

Here's a brief taster:-

"London and New York, July 31, 2019 – Energy storage installations[1] around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF).

This 122-fold boom of stationary energy storage over the next two decades will require $662 billion of investment, according to BNEF estimates. "

.... so only $662 Billion of investment required.

Uncle Henry's 15 grand is 0.0000023% of that, or one forty-four millionth part of it - he'd be so proud !

But TheOneaSoLonely the Bushveld Perspective has been down all weekend so how can it have provided you with any data .

I've just got it back running so anyone else can consider whether being a major player in a market that is fully expected to be worth $50 Billion dollars in the next 10 years by reading this:- https://www.thebushveldperspective.com/blog/public-articles-1/post/energy-storage-europe-2019-415

... interestingly he also mentions that they've already got a SA bank to fund 65% of the build cost of the Vametco minigrid. That certainly makes this project 'bankable'.

Slide 14 - "Project can be scaled 10x if successful and (self) generation licenses can be obtained" plus "Many other similar oppportunities exist across South Africa."

Slide 11 shows the profile when the Battery is charged twice per 24 hours period - when visiting the Eskom test site in January this is precisely what I was told was the expectation of what would be happening at Vametco.

one thing which many may have missed is in one of the comments that relates to battery storage:-

"There is a proposal for distributed energy storage allocation to match the allocation for embedded generation. "

The amount of embedded generation is 500MW per year from 2023 to 2030 - that is 4000 MW.

If we take this 'proposal' at face value then that could add 4,000 MW of energy storage to the 2,100 MW explicitly listed. It partly depends upon what we mean by 'match' ( a) match means identical numbers or b) match is interpreted to mean, for example a 2MW PV plant might be coupled with only a 1MW battery so that only a 1MW transmission line can be used)

jimbo - thanks for confirming

able to buy at sub 22.50p in the 3 minutes that the advertised Ask was reduced to that level (just before 3pm)

Not until you have seen this here:-

https://www.thebushveldperspective.com/blog/public-articles-1/post/eskom-battery-site-visit-410

and this series of articles on the subject of energy storage:-

https://www.thebushveldperspective.com/blog/public-articles-1/post/energy-storage-europe-2019-414
https://www.thebushveldperspective.com/blog/public-articles-1/post/energy-storage-europe-2019-415
https://www.thebushveldperspective.com/blog/public-articles-1/post/energy-storage-europe-2019-416

Yep as suggested in the revised version that came out in the spring. Energy Storage is explicitly in there in two large blocks (513 MW and 1575 MW) some, or all of which could be in addition to the Eskom 360 MW / 1,440 MWh already scheduled. (It depends if that is already factored into their 2912 MW EnergyStorage base case figure)

Amxdd - get lost you timewaster

Don't be so stupid Arnxdd of course a national resource plan is not going to mention a specific company.

will be reversed out at the end of the day.

As they have been for the last few days

Good point MR it's coming up to the end of my financial year so it would be good to get some more funds transferred across to Bushy

MenoMosso - the end day price is determined by the auction that ends around 16:35. If there is no result to that (an uncrossing trade) then LSE simply reports the mid Bid-Ask price.

Yes it is exciting isn't it

Mikinaman - it could come at any moment. Fortune has clearly not been beholden to only release news at 7am.

Well they've put them through to make it look like some kind of rollover. But I wonder if it really is, or if it is the last of our tame seller's shares being doled out to our friendly Texan shorting outfit ?

both Eskom and the private sector in SA are crying out for battery storage.

We're here to give it to them.