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Craig Coltman, CEO of Bushveld Minerals Limited, commented:
"I would like to thank the shareholders for voting in favour of all the resolutions. Your support is of utmost importance as the equity raise which will provide the necessary resources for the Company to meet its financial obligations, increase production and ensure stability."
Clip from the Investor Meet @ 15:37mins
https://youtu.be/v-wqSz12AZU?si=Iv1Oz6s6myq8fpKs&t=937
Question :
“When these various deals and placings are done what assurance do investors have that at this level of dilution there will be no more placings in the next 12 to 18 months”
Craigs Answer :
“At least firstly as a company we want to minimize and avoid unnecessary dilution for all shareholders with the funding raise and the various initiatives we are implementing to reduce costs and increase the company's production and profitability. I'm aiming for the company not to require any substantial funding for at least the next 24 months hopefully we'll see a recovery in the vanadium price during 2024”
@RazorSchultz
YouTube recording of yesterdays Corporate Update
https://youtu.be/v-wqSz12AZU?si=yYgEPely0vq5R-Mj
Sichuan. China 6th - 7th Dec 2023
https://www.ferroalloynet.com/news/2023_ferroalloynet_16th_vanadium_products_summit__vanadium_battery_development_forumkeynote_speech.html
Https://vanitec.org/vanadium/ESC-Meetings
Welcome & Vanitec Background
Latest Vanitec Animation – Decarbonization from Vanadium Flow Batteries
Vanadium - A Critical Metal for the Transition to a Low Carbon Economy
Vanadium Market Analysis - Terry Perles
Standardization Fraunhofer Electrolyte Update
Largo Electrolyte Densification & Gel Formation Study Update
Invinity Economic Case Study Analysis
AMG LIVA Project Update
Closing & Survey
Register below to join us for an exciting webinar updating everyone on the latest technological and market updates on Vanadium Flow Batteries, including case studies, new projects, and our regular vanadium supply analysis. We will also have electrolyte presentations on the status of the Fraunhofer Institute standardization work and new vanadium electrolyte technological advances. Some of the most recent Vanitec marketing assets on the benefits of the Vanadium Flow Battery will also be shared.
The meeting will again be open to everyone at no cost and will have simultaneous English to Chinese translation available. The purpose of the meeting is to bring together Vanadium Flow Battery developers, electrolyte producers and suppliers, and vanadium industry contacts. If you are unable to attend, the webinar will be recorded and posted to our website later.
Registration:
https://rb.gy/ko1gte
Vanitec:
https://vanitec.org
Https://flowbatterieseurope.eu/the-first-nordic-agricultural-flow-battery-installed-in-norway/
https://www.brytebatteries.com/solution
https://www.visblue.com/
Https://www.techinasia.com/flow-battery-startup-powering-island-greener-future
https://vflowtech.com
VFLOW Tech is based in Singapore.
Investor Meet Company 29th Sept 2023
Q3: What are the chances of any of the VRFB companies signing offtake agreements with BELCO and what are the forecasted production volumes for 2024?
“The first batch actually arrives in Singapore tomorrow” (30th Sept)
Clip
https://youtu.be/wLyGD1hkuKs?si=iHVyqqx1timtaWz-&t=907
VRFB for the home : STORAC
https://www.linkedin.com/posts/prolux-redox-flow-battery_redoxflow-speicher-photovoltaik-activity-7127565383124836352-tm_X
Redox flow? Sounds like a complicated installation.
But it only sounds like that – in practice, there is only one difference to conventional battery storage: filling with the vanadium electrolyte, and that takes less than an hour.
In total, a redox flow installation at the STORAC takes three to six hours, depending on local conditions.
Here's how it works:
1 - Check delivery for completeness and integrity
2 - Remove covers and transport storage to the installation site
3 - Fill tanks with vanadium electrolyte via a transfer pump
- The electrolyte is supplied in 10 litre canisters
4 - Pour in paraffin oil to prevent the electrolyte from reacting with oxygen
5 - Electrical connection of the storage tank
- Mounting the interface module on the distributor and connecting the Ethernet cable
- Connect interface module with Modbus cable
- Connection to the mains
6 - Download Prolux App
7 - Start initial commissioning via app
8 - Reassemble covers
Ready!
https://www.prolux-solutions.com/de/d
Https://www.linkedin.com/posts/gao-chenlong-74283174_vanadium-lithiumbattery-sustainableenergy-activity-7130183512707497984-CHCR
At present, the widely adopted technology in electrochemical energy storage stations is still lithium iron phosphate batteries. In the large-scale energy storage market, which often involves huge investments, any combustion or explosion incidents at energy storage stations would not only have significant economic impacts but even carry certain political implications. According to public reports, there are over five thousand lithium battery energy storage stations globally (excluding residential ones), but experienced over seventy fire incidents, equating to a fire probability of approximately 1.52%.
Although China has a substantial number of lithium battery energy storage stations with a relatively lower accident rate。 But this is primarily due to: “we don’t dare to use it!”The actual utilization rate of lithium battery energy storage systems in China is currently only around 6%. One reason is the proportion of electricity generated by wind and solar is relatively small, so the impact of the unstable electricity from wind or solar to the power grid is currently manageable. Additionally, due to frequent accidents in large-scale lithium battery energy storage stations, power generation companies are reluctant to use lithium battery energy storage at high frequencies. As the future installed new energy generation plants continue to grow, the importance of safe and reliable energy storage systems will become increasingly evident.
Https://www.linkedin.com/posts/gao-chenlong-74283174_vanadium-flowbattery-solarenergy-activity-7129812545166602240-fHwC
Before 2020, due to limitations in the large-scale energy storage market, there were not many vanadium redox flow battery enterprises worldwide. Only 3-4 companies existed, such as Sumitomo in Japan, Dalian Rongke, BigPawer, and Beijing Puneng, which had long been dedicated to the field of vanadium flow batteries and possessed large-scale production capabilities. China holds more than 40% of the global reserves of vanadium ore and has a complete manufacturing system, leading to the concentration of most high-quality vanadium battery enterprises in China. The introduction of China's carbon neutrality strategy in 2020 opened the door for the commercialization of large-scale energy storage in the country. Vanadium redox flow batteries, known for their high safety, long lifespan, and flexible configurability in electrochemical energy storage systems, gained widespread attention. Currently, the production costs of vanadium batteries are rapidly decreasing due to the gradual formation of economies of scale and increased research and development funding. In the future, vanadium redox flow batteries are expected to become one of the mainstream electrochemical energy storage systems, occupying a crucial position in the new energy market.
The image shows a 1MWh energy storage station module from BigPawer, which has been continuously tested for 19 months. This technology will be used in a 100MWh energy storage station project in 2024.
Https://www.tips.org.za/events/development-dialogue-seminar/item/4627-building-a-local-battery-industry
Presenter
Neo Kgatuke - Head of Business Development @ Bushveld Energy.
According to a leaked paper held by Reuters, the Council of Europe is set to emphasise the danger of over-reliance on lithium-ion battery and fuel cell imports from China when it addresses EU leaders this October.
Part of the solution already exists, flow batteries.
https://x.com/flowbatterieseu/status/1704879472447455581?s=61
Https://archive.is/Gmuuu
Huissense builder allowed to make electric boats for the port in Rotterdam: 'Important milestone'
The Huissense company PortLiner is allowed to moor a pontoon in the port of Rotterdam to be able to charge electric inland vessels with special batteries. This will allow the company to finally start building these ships after a long preparation.
PortLiner : Flow battery propelled electric barges
https://youtu.be/JIpv8rwblbI
Shanghai Electric Delivers the First Batch of VRFB Products to Europe
https://www.prnewswire.co.uk/news-releases/shanghai-electric-delivers-the-first-batch-of-vrfb-products-to-europe-301896870.html
House of Lords LDES Inquiry
https://committees.parliament.uk/work/7872/longduration-energy-storage/
The House of Lords Science and Technology Committee is conducting an inquiry into long-duration energy storage for Net Zero. The inquiry will consider how much long-duration energy storage will be needed and whether current Government policies are sufficient to support its development. The Committee has issued a call for written evidence and will be taking oral evidence from September 2023.
Short-duration energy storage to balance the grid, such as that provided by batteries, is important, but this inquiry will focus on longer-duration storage – in excess of 4 hours.
The UK is likely to need substantial investment in infrastructure that can store energy across days, weeks, months and years. Medium-duration energy storage could be defined as between 4 and 200 hours, while long-duration energy storage would store energy for over 200 hours. Both will be needed for a net zero electricity grid. As recent years have demonstrated, energy security is a crucial economic and societal issue and is now part of the remit of the new Department for Energy Security and Net Zero.
A range of technologies – such as hydrogen, compressed air, redox flow batteries, molten salts, pumped hydro or synthetic fuels – could be used to store energy in different forms, or for different durations. Deploying large-scale long-duration energy storage infrastructure will require significant investment and skilled engineering capacity, but the business case is uncertain at present given current market structures. Estimates for how much storage will be needed depend on a range of factors and assumptions around future electricity supply and demand. There may be non-financial challenges to building the infrastructure necessary to store and transport energy around the country.
The Committee’s inquiry will take evidence on these issues and seek to establish whether the Government has sufficient policies in place to support medium- and long-duration energy storage and whether it is on track to deliver this crucial component of a net zero energy system.
China Energy Storage Network News: With the increasing market demand for long-term energy storage, all-vanadium liquid flow batteries have the advantages of long cycle life, high safety, zero capacity attenuation and high energy conversion efficiency, which have become one of the most suitable energy storage technologies.
Recently, more and more energy storage enterprises are aiming at the all-vanadium liquid flow battery market. They have signed contracts to invest in the construction of a batch of liquid flow battery production lines in Inner Mongolia, Gansu, Anhui and other places, including Rongke Energy Storage, Shanghai Electric, Linyuan Group, liquid flow energy storage and other enterprises. Some projects are listed as follows:
http://www.escn.com.cn/20230719/0f3186bf26b24db4a62181afe8c62d8a/c.html
Inner Mongolia Mengdong Liquid Flow Energy Storage Technology Co., Ltd. put into operation the first phase of the annual output of 300MW liquid flow battery reactor production line
http://www.escn.com.cn/20230718/afd6f5a10c5b4582a72a420657aab016/c.html
Shaanxi Construction Engineering's annual output of 3GW vanadium battery production project has settled in the fixed edge
Star New Energy Star G Intelligent Manufacturing Base
Lixin Guoke All-vanadium Liquid Flow Battery Equipment Manufacturing
Star New Energy All-vanadium Liquid Flow Energy Storage Equipment Intelligent Production
Dalian Rongke liquid flow battery energy storage industrialization base settled in Ordos
Shanghai Electric will build a 1GWh energy storage liquid flow battery production line in Anchao Economic Development Zone.
Linyuan Group and Jinchang City, Gansu Province signed a cooperation agreement on the all-vanadium liquid flow energy storage system.
Anhui Wangjiang signed a contract for the production line and equipment manufacturing project of all vanadium liquid flow battery
Liquid flow battery production line and energy storage integration project settled in Tongliao, Inner Mongolia
sarem, aimed at driving the industrial & inclusive development of re & battery value chains in sa, is out for public comment.
https://www.linkedin.com/posts/***lor-montmasson-clair-40188023_draft-sarem-july-2023-activity-7086801058697555968-3xr6
some snippets :
the south african renewable energy masterplan (sarem) articulates a vision, objectives and an action plan for south africa to tap into these opportunities. it aims to leverage the rising demand for renewable energy and storage technologies, with a focus on solar energy, wind energy, lithium-ion battery and vanadium-based battery technologies, to unlock the industrial and inclusive development of associated value chains in the country. this initial technological focus is aligned with global and domestic demand dynamics as well as south africa’s supply-side capabilities.
the vanadium-based battery value chain, although nascent domestically, also boasts material local capabilities, including vanadium mining and refining, electrolyte production and vrfb assembly. the manufacturing of stacks, dependent on intellectual property, would be a possible next step for the industry.
in addition to these project- and procurement-level targets aimed at fostering inclusive development within the industry, renewable energy and storage projects and associated value chains have a role to play in supporting a just transition in south africa. in the short term, this is particularly focused on the country’s coalfields. as of march 2023, less than 2% of south africa’s renewable energy generation capacity was located in mpumalanga. as coal-based activities phase down, an opportunity exists for renewable energy and storage value chains to contribute to the economic diversification and rejuvenation of the coalfields. unlike other parts of the country, grid capacity is available and will be progressively released as coal-fired power plants close down, freeing space for renewable energy projects. industrial opportunities could also be nurtured, notably in the vanadium- based battery value chain.
in line with south africa’s just transition framework, renewable energy and storage activities can directly contribute to the economic diversification of the country’s coalfields, along with positive impacts on social progress and environmental sustainability.
renewable energy and storage, in line with grid availability, will be increasingly located in the coalfields (as well as other regions with grid capacity). a consistent, sustained pipeline of projects would positively contribute to employment creation in the region. importantly, particular attention will be paid to developing industrial activities linked to the renewable energy and storage value chains in the region, by supporting industrial parks notably, as well as other renewable energy development zones (redzs).
in this respect, the development of the vanadium-based battery value chain carries notable opportunities in the coalfields