Member Info for Alfacomp

Nobody has commented on the rather obvious fact that the Minigrid PV generation capacity has increased from 2.5MW (as listed in the last Annual Report) to 3.5MW.

This increase has been confirmed by both Abengoa (here - http://www.abengoa.es/web/en/noticias_y_publicaciones/noticias/historico/2020/11_noviembre/20201105.html ) and Bushveld Energy.

This increase is within the same footprint described in the original Environmental Impact Assessment so appears to be due to a higher rater PV panel system being employed. This, combined with the already mentioned relaxation of the SA regulations that had previously required self-generation of over 1MW to have required a ministerial sign-off, are clearly steps in the right direction.

The image here ( http://www.abengoa.es/export/sites/abengoa_corp/resources/images/news/20201110_CampoPV_BatFlujoR_HD.jpg ) clearly shows 4x Cellcube FB250-1000's shown here:- https://www.cellcube.com/the-cellcube-1

and the image of the site shown here - http://www.abengoa.es/export/sites/abengoa_corp/resources/images/news/20201110_CampoPV_BatFlujo3R_HD.jpg shows the relationship with the PV panel area - the only unknown is how this relates to the area and roads that are to the North West of the Vametco drawing office (Google 'Map Vametco')

Until fairly recently self-generation over 1MW would have required a SA minister's sign-off

Those are some big trades there JMC - that could signal the end of you know who.

yes jonny - that is exactly how it works, but since we're selling to a company that we part own, we're basically selling it back to ourself. Fine if the steel boys want to pay us more for some nice Nitrovan at that point we can take their money, and maybe sell down a little of our stockpile.

The flip-side of this os of course the VRFB boys have to come to us all the time and maybe pay something of a premium for having that security of supply. This of course allows them to print a price list that does not go out of date every 3 months.

and what is wrong with 3rd party finance or solar cells from people who specialise in making them ?

Bassguy - you clearly do not understand the role that Bushveld energy sees for itself namely bringing other experts and established businesses together into the VRFB fold - and that is precisely what they should be doing - building an ecosystem, not trying to do everything themselves.

I think that Video very concisely sums up where we are right now and is a very useful addition to our PR efforts. Give it a watch, or two.

'arguably one of the most vertically integrated primary Vanadium companies'

If we want to argue about this he should really have said "CLEARLY THE MOST vertically integrated primary Vanadium company"

Daisydog - you do not seem to understand that the project is funded by external finance and pays for itself over a period of time by reduced bills from Eskom.

Thus it is a very clever way of getting upfront cash and in the same bag demonstrating to every other mine is South Africa how they can save money too.

Ohh and the president is likely to be quite please with a home-grown energy solution that helps them start to dig Eskom out of their generation hole, don't you think ?

Clearly a lot of things have happened since then which have, not unreasonably, changed priorities:-

1) Enerox has been purchased
2) Vanchem has been purchased
3) There has been a global pandemic that has killed hundreds of thousands of people.

Halespur - I doubt that the payback period is going to be published as that is very commercially sensitive information but I suspect that 10 years is rather too long. Remember that this VRFB is going to be connected to the grid, which means it can take in cheap overnight electricity and run with two charge-discharge cycles per day, so I would expect that a 5 year payback time may be nearer the mark .

VRFB's get cheaper the more you use them.

and further repeated by Alexander Schonefeldt:-

"We expect this hybrid installation to become a blueprint of many more to come."

They obviously know something.

This is the key bit :-

"a great blueprint for further similar developments"

relevant to Mkango of course because of their joint ownership of Hypromag who are partnered with Bentley (part of the massive VW) in the RaRE project - https://www.electrive.com/2020/06/03/rare-project-creates-rare-earth-magnets-from-scrap/

So analysis of yesterdays trading shows three large features

1) The 1M trade at 12.4p around 10:45am
2) The 600K,300K,300K structure around 11:35am
3) The 500K trade at 12.38p after hours

1) I think is a buy to close out a short position of around 1M that was created at in the rather obvious, albeit slow, short applied on Tuesday at around 12:30pm - as I mentioned previously the average on those short sells was about 12.45p so not really worth the effort if the close is at 12.40p

2) Looks like a 600K buy that was then made up by scooping up a couple of 300K blocks. If from the same Market Maker then that averages out a sell price of 12.625p so a little profit made on the sell of 12.75p

3) Looks like another 500K dropped in after hours to offset organic buys throughout the day.

This leaves a net Buy position over the day of 1.2M - which balances the similarly negative position of the previous (shorted) day. The process does, however, appear to have taken another 600K+500K =1.1M out of soft hands.

I suspect that that could be the closing of a short position that was opened around midday yesterday. Fortunately they only got around 12.45p from the shares that they sold on the short so only a tiny profit. Not really worth taking the risk if you ask me, especially with the Golden Summit position on the verge of being exhausted.

Someone may be hoping that they can jump on the back of an announcement of the Duferco share print and may try and spin some line about Duferco dumping X million shares. If they do then you can reply that you heard it here first and it is a load of old earwax you found down the back of the bed.

raffym - the higher voltages that are present in a Lithium-ion module give much greater chance of electrical discharge causing a spark, however I'm assuming that the hydrogen electrolysers are well contained and isolated units in a different building. The greater concern is the possibility of thermal runaway in the Lithium-ion modules causing a fire/explosion - that is probably not something you want near any hydrogen storage tanks.

I think you are correct VauxhallViva - this news perhaps did not get enough coverage because of everything else that happened yesterday.

As well as pointing to all the positive features of the VRFB that you described the fact that EMEC have decided that they need to use a VRFB also makes a point about Hydrogen electrolysis - namely that it needs to be run at pretty much full capacity ALL of the time and that the VRFB is what is needed to allow this to happen.

Pay for one 500kW electrolyser and run it 100% of the time, or pay for 2x500kW and run it only half the time - you get the same amount of H2+O2 out but it is clear that the second system costs twice as much as the first.

Instead save half your electrolyser money and instead buy a VRFB.

I have posted a number of interesting observations regarding this on the BMN board today. Sorry but I don't have the time to cut and paste them all again here so head over there and look for the thread entitled 'IES'

Remember that these VS3-022 modules each contain 6x their original 35-40kWh sub-modules (see in the top picture here:- https://invinity.com/solutions/vanadium-flow-batteries/ ) - this gives each VS3-022 the ability to store 220 kWh of energy - thus 8 of them stores 1.76 MWh of energy.

Also note that on the same page they model VRFBs charged twice per day, 100% Depth of Discharge, 365 days a year - exactly the same as a tidal generator would require. Coincidence, eh ?

Over the course of its 25 year life the VRFB stores 4 times as much energy as a Lithium-ion battery.

I urge everyone to read the two posts I made on this thread earlier on. We now have firm evidence that Green Hydrogen is going to need Forever Vanadium batteries to make sense