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EDF have just nabbed Pivot Power!
The transaction, announced this morning, will see Pivot become a wholly owned subsidiary of EDF Renewables, a move which plays into EDF’s intent to become a market leader in both energy storage and EV charging
https://www.current-news.co.uk/news/edf-snaps-up-pivot-power-in-battery-storage-ev-charging-play
"EDF, meanwhile, said Pivot’s pipeline would make a strong contribution towards its plan to deploy 10GW of additional storage by 2035"
Plenty of land either side of proposed site!
I'm sure ELIDZ, if they see the long term business case, will make it possible for adjacent parcels to be subsumed!
If the electrolyte is manufactured (as a solution) at ELIDZ, it can be transported by road tanker to the container port at East London ( (15.5km) and shipped from there.
If, at some point in the future VRFB units are assembled at ELIDZ, then they are in standard containers so shipping again no problem.
https://www.google.com/maps/place/East+London+Industrial+Development+Zone+SOC+Ltd/@-33.0246111,27.9087968,601m/data=!3m1!1e3!4m5!3m4!1s0x0:0xa8c62a1e05611a39!8m2!3d-33.0484559!4d27.8534615
https://ports.co.za/east-london.php
Nowadays the Multi Purpose Terminal handles mainly containers - 66,293 TEUs during 2015 using ships own gear as the port now possess a mobile crane and straddle carriers. The Car Terminal on the West Bank has been responsible for a turnabout in the port's fortunes and is geared to handle 50,000 units annually, which it has already exceeded, and has space for expansion when required.
Aw, Faramog, I think they should offer him a cleaning job...... zero hour, min wage..... no?
Solar it is, from the google reviews:
"The golf course is no longer running. This property belongs to the East London Industrial Development Zone. This was once a very nice golf course. Known for its venue and facilities."
RK,
Looking at the aerial shots of ELIDZ, as soon as someone gets wave power sorted, bingo, round there!
Or solar on the fairly underutilised golf course next to it!
The Saudi aim is for "an initial target of generating 9.5 gigawatts of renewable energy"
Potential for a huge amount of storage there.
Saudi has a much higher residential consumption of electricity (50% vs 25% world average) so there is an even greater need for storage to maximise their huge solar potential.
Dagnamit, world production is 80,000 mtV annually.
Table 4
https://www.ga.gov.au/scientific-topics/minerals/mineral-resources-and-advice/australian-resource-reviews/vanadium
if you have ever had one, they get all of the legacy data.... or if you have an android phone, a Hive device or anything Motorola..... its all theirs.
Alternatively you can have Amazon or Apple slurp all of you personal information ;-)
I hear that Ex-Spurt got 20-1 on Tuvalu to win from some bloke down the pub.
Traded in his 3M bushie share on it.
I just re-read the second RNS and realised what an absolute blinder it is. At a stroke Bushveld have just stated to the world of VRFB that the one thing that was holding them back, and, really messing with any kind of suitable market pricing was the volatility of V price. Bushveld have just said, come and work with us, we can lease you electrolyte at a known price, this lets you firm up prices for your sales force, go out in the knowledge that your profit margins will not be slammed by a spike in V price.
This should open up the VRFB market nicely, and as is the case with these things they start to accelerate greatly, the world is really embracing renewables and storage is the next big thing. This gives Bushveld the opportunity to expand their V processing to meet demand and if the V for Fe market bounces back, more cash in the bank.
If we assume they are likely to become the dominant player in the African VRFB market then the skys the limit.
Stunningly well played by the Co.
Bushveld will just continue to mine and process at a nice low cost, when V prices for the steel market drop, that side of it dents the profits for a while, they do however, still have the cash coming in from the leased electrolyte.
Oxford is the 9th of 45 planned projects here:
https://www.pivot-power.co.uk/pivot-power-work-national-grid-future-proof-energy-system-accelerate-electric-vehicle-revolution/
https://www.pivot-power.co.uk/electric-vehicle-charging/ev-connection/
https://networks.online/gphsn/news/1001346/plans-install-gbp25m-battery-approved
So potentially the company will be involved showcase projects in Africa and Europe, and with penetration into the US markets.........
........ What's not to like!
It worked fine on FF earlier today, they are probably updating the site and in the process of updating the SSL certs.... now that they have the cash to pay the phone bill ;-)
ELIDZ seem to do the groundwork for most of the units, presumably they are all standard modular buildings.
There are several up for tender here:
http://www.elidz.co.za/?page_id=247
YTSS try with spaces between a few of the letters!
If you google the (slightly modified) co-ordinates from pb940's doc, the north corner of the building is here:
33° 3'26"S 27°51'19"E
Google is saying its 2019 data and it is, as yet unbuilt!
https://www.bushveldenergy.com/images/RFP_EPC_Tender_Short_Final.pdf
Dasian, you owe me a new keyboard...... this one has coffee in it.
Sorry, may just be my amateur reading:
"During the nine months ended March 31, 2019, the Company incurred a loss and comprehensive loss of $8,781,631 (March 31, 2018 - $2,359,913) and as at March 31, 2019 had an accumulated deficit of $(32,395,969), (June 30, 2018 - $(23,605,513). As at March 31, 2019, the Company had net working capital of $9,760,083 (June 30, 2018 - $10,535,016) and net assets of $19,225,520 (June 30, 2018 - $19,803,308). "
https://static1.squarespace.com/static/5b1198ada2772c6585959926/t/5cf697b30d793300012d754f/1559664564260/Quarterly+.pdf