yeah that's it we just bought a hedge, nothing more.
What utter nonsense. We just bought a significant part of what is going to be a huge industry, an industry that Fortune and Mikhail are making happen though their far-sighted realisation that only strong integration between Vanadium producers and Vanadium users can make happen.
RE: Bushveld Making VIP Investments12 Nov 2019 10:38
In that it exactly reinforce and makes completely explicit the points you have been making for years about BMN embedding itself further up the mines-to-batteries-to-energystorage value chain.
This is in the main down to the very high percentage of value that comes from the Vanadium in the VRFB battery concept. What some have considered a weakness, is actually critical to establishing a fully integrated and highly sustainable energy storage value chain.
to follow up on this - this is just one of the types of improvements, yet to be commercially introduced, have the potential to make VRFBs cheaper and/or more efficient. There is so much further for VRFBs to go that has barely been touched upon yet. Furthermore it's not the sort of development that takes tens of millions of dollars in research, development and production setup - one of the companies I saw that was working on membrane technology was a small 2-3 man band in switzerland. Another is larger and based just outside of Glasgow.
There is some work going on in the area of membranes - some of this was on display at last years IFBF in Lyon. Dupont make the standard one Nafion and could supply it a lot cheaper if only a VRFB company would go to them and ask for a really large amount. I suggested to them that perhaps the VRFB manufacturers should group together and buy en masse. The Dupont guy was not at all put out by the idea and thought it worth encouraging.
There's others making more specialist membranes to reduce the diffusion of water through the membranes (Vanadium ions crossing from one side to the other is not really a problem, unlike every other sort of flow battery where it reduces the overall storage capacity).
Rongke power of course make their own membranes and are not therefore behoven to western companies.