Member Info for Bolgas

What changed since then Alfa? Did the technology change? Or is this more grasping at straws?

I do not get what you are getting at Alfa, can you explain further? The Chinese PM confirmed our technology is more efficient, this is what he said: - "However, on seeing the company's vanadium redox battery, a rechargeable battery that uses vanadium ions to store potential chemical energy, he told the engineers of a smaller, more efficient VRB that he saw in the UK." Additionally is it not a worry for BMN holders that UET are buying Electrolyte already from another source? Also they are already tied in with a large project that will have implications for future projects as manpower is taken already with an actual project? Additionally BMN promised an energy storage project nearly a couple years back but are no further forward and not a single energy expert in employment? RedT are just starting out in their commercialisation quest, we have secured orders, but more importantly we are more efficient, our product works in greater heat temperatures than what you are proposing (Africa is a hot continent) and you have no-idea just how much more expensive you are then redT today? I could go on Alfa, the odds are certainly stacked against you today, whilst redT are powering ahead, partnering with those who know how to make a sale or two and have a proven track record. BMN have nothing today and need many more millions to make it a reality, not to mention the additional head count needed that isn't accounted for in the already loss making company you are invested in.

You of course didn't answer the question about other manufacture who make their own electrolyte. Likewise Faramog failed to answer which other company, apart from redT, have published performance data and a published price per kWh. That surely is a concern for BVE, there's no published price and even the Chinese PM said our technology is better.

"Jabil contracted detailed technical due diligence, patent rights protection and market demand research on REDTs product prior to entering into the Agreement." Thing is Alfa, there's always patents that run into trouble or are subject to challenge, only need look at what happened between Apple and Samsung to know that. Are you suggesting Samsung are incapable or won't succeed as they failed with several patents, likewise Apple? Or are you suggesting likes of Jabil are unsure how to validate a patent and ensure it's standing? I am aware the one you refer is after the date, it does not however impact previous patents. Clutching at straws here Alfa.

Which manufacture does? And what�s the importance of spending capital today making our own electrolyte when we can get a third party do it today? It�s like suggesting we need manufacture our own containers, nonsense. You need remember Alfa, without our tech or someone else�s your electrolyte (if you ever produce) will be useless, you have no battery to put it in. As we own the patents and have a working battery we can use any one of many suppliers, when it�s financially economical we will take it in-house.

I don�t actually believe they need tie with anyone, we are going to be a global company who will choose our suppliers in each duristiction, there will be plenty of new sources of vanadium coming online over the next decade when this will be an industry worth hundreds of billions per annum. Manufacturing and vanadium production can be completely separate, likes of Jabil who sought out redT and asked to manufacture our product are cute enough to know how manufacturing works best, they produce Apple products as way of example, they clearly know more then any of us, no doubt. Alfa, you are hoping that�s the case as BMN have nothing without someone else�s technology, redT are at the forefront of this new technology with global manufacturing facility with GW capacity already secured, just think how our competitors are geared up, we are well ahead of the game, like it or not.

Worth watching this from 32:50 in, haven�t watched it fully but interesting how he expects a revolution and VRB to be at the forefront:- http://www.northernminer.com/news/lifetime-achievement-award-fireside-chat-robert-friedland/1003787371/

action soon, get Gen3 pricing right or 20 year leasing agreement:- Enel SpA is seeking acquisitions in the energy storage business, as developments in battery technology are set to play a key role for the wider adoption of renewable sources. Europe�s biggest utility by market capitalization sees the U.S., Europe and Latin America as the markets with the most potential, Chief Executive Officer Francesco Starace said in an interview. "Technologies are fast approaching the point where batteries will be commercially attractive,"

Bowing planes?

There�s only one company with performance data online and a price per kWh, it�s redT. Happy hunting, don�t forget to ask why none of those others have done same including UET.

Can you name a company that has operational data in public domain Farmog?

Nvh, without getting your pants all in a twist and throwing toys around the room can you just clarify if Scott was referring to the smaller 5/40 units when talking profitability? Or can you confirm that it was Gen2 units, be it large MW systems? It is my understanding that the larger systems are profitable, I understand that that question was a follow-on from the Botswana deal and an answer in relation to smaller units. Also I am surprised you have missed off the large deals that Scott mentioned that are expected to be signed off anytime now. Just for clarity Nvh, I am asking a question, not stating as fact. An adult response wouldn't go a miss, although I'm not expecting much to be fair.

7% down, it�s laughable

Most disappointing share I�ve invested in, no stability at all, has potential but when that will be realised is anyone�s guess. Totally unimpressed.

Unit value isn't a 5/20 unit, they could be any sized unit ranging from a 5/20 to a 60/300. As for costing a smaller unit I believe it's around $15k and the larger (from memory) is $180k. Lease the electrolyte we should be able shave perhaps a third of those figures.

The inventor of VRFB also works with Australian Vanadium, all looking quite exciting: - An Australian vanadium supplier has identified so much potential in the supply of vanadium for electrolytes that it has changed its name to reflect its future direction. Formerly Yellow Rock Resources, the company now called Australian Vanadium is pushing exploration in the remote Gabanintha area in Western Australia, where there is a sizeable deposit of vanadium. Although Australian Vanadium has copper, gold and uranium prospects in Australia, vanadium has become its priority The company has hired Emeritus Professor Maria Skyllas-Kazacos of the University of New South Wales for her expertise in assessing the global market for vanadium electrolyte and to identify the best way to process the material for this market. Skyllas-Kazacos was instrumental in inventing the all-vanadium redox flow cell battery in 1985, and has continued developing the technology at the University of New South Wales (UNSW)

And we have this from The Australian today, confirmation IMO that we are going to partner with VSun and Australia Vanadium for supply of electrolyte, it does also suggest that we may well be the technology they use for the entry into home market. If you consider removing cost of Vanadium from purchase price it would certainly look exciting venture if costings are thereabouts: - While a London company, redT has its operations in Scotland where it employs about 80 people. But Mr McGregor says he wants to set-up manufacture in Australia. �I�ve done a lot of tech in my life, and I want to bring this back here to Australia and get it used in Australia. It�s a long way behind the rest of the world in terms of energy. It�s one of the most expensive electricity markets in the world.

Much more to come, interesting article, we just need a few more confirmed sales for interest here to be sustained, this has true potential not only to change the face of electricity generation and solve world electricity poverty, but also be a life-changing investment. Let's not forget we have a larger manufacturing capacity then Tesla today, we really are geared up for mass rollout of this technology.

Mr McGregor said there was a lot of misinformation in Australia about clean energy storage, but it is the cheapest, most secure, and obviously cleanest form of energy generation. �We wanted to do something before we launched into this market, so the Monash project is our launch project, it�s an operating asset and not a research project, and it�s part of the grid at Monash. �I think the next sectors will be the agriculture business, probably in Victoria, Western Australia, and New South Wales, and then we�ll probably see some big grid projects going in the next 18 months in Australia.� Mr McGregor said this would occur irrespective of the debate at the national level. �The gap between the price of generation and the price of energy is so large that it will happen irrespective of any roadblocks. If there is a clean energy target, it will develop with less chaos.�

He said redT was working with about 100 customers around the world with a pipeline of hundreds of millions of units to be deployed in the next few years. �We�ve brought to the market the lowest cost form of this technology.� Last month, the company announced the sale of 14 energy storage units in Botswana. One of its applications was providing solar back to the grid. �Were talking to a number of big developers about putting in some very big systems, and plugging straight into the grid, which then becomes grid and storage. When you provided back to the grid, it becomes baseload power,� Mr McGregor said.