The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Mikhail’s thoughts on LinkedIn regarding the World Bank Report.
https://www.energy-storage.news/world-bank-south-africa-could-play-significant-role-in-global-battery-value-chain-by-2030/
The World Bank recently published the South Africa & Southern Africa Battery Market & Value Chain Assessment Report. This has been in development for two years and is extremely valuable as another data set of information on energy storage in Africa, especially South Africa.
Some high level thoughts:
1) The forecasts are not very ambitious in part because the report is based on outdated policy documents, such as the IRP 2019. Events in 2021 and 2022 greatly accelerated some storage deployment, likely after much of the analysis was already done.
2) Even its most ambitious "whole nine yards" scenario, the report values the impact of batteries at 1% of GDP and 58,000 direct and indirect jobs by 2030. That is 3-4 times too small for three reasons:
I) The export potential of EVs is understated. Only 5GWh is forecast, with significant reliance on the domestic market for consumption. SA already exports ~270,000 vehicles each year, with 80% of them going to Europe, where regulation is already phasing out new ICE sales. To keep its exports, SA must a shift to domestic manufacturing of export-oriented EV. Even a 50% share of EVs of SA automotive exports in 2030, would increase the BESS EV forecast 2 to 3 times.
II) The utility / FTM segment is forecast at 400MWh by 2030, which is what Eskom is procuring already. Plus, Eskom is forecasting that it requires 8-10GW of storage in the next 10 years, meaning it alone will be deploying 10-20 times the report's FTM forecast by then.
III) The BTM forecast is 2,700MWh by 2030, while 2,000MWh was deployed in 2022 alone. Most of that was residential storage, leaving significant growth potential in C&I storage applications. It is unrealistic to expect almost no growth in 7 years in demand for BTM storage.
3) The report is very supportive of vanadium based energy storage, including it as a "quick win" in all three of its scenarios. It rates vanadium higher than every other battery material on nearly every step of the value chain for South African local value chain creation. While the ultimate potential is less than expected due to the above points, it underscores that vanadium must be part of South Africa's battery strategy.
Terry Perles Video to accompany the Presentation Document posted previously by @Loudspeaker.
https://www.youtube.com/live/S4P5vgEvIjU?feature=share
Presentation Document
https://hubb.blob.core.windows.net/3892f144-935a-46b8-a4e8-b89ee1896864-published/09128a77-c166-4d26-9d34-7e3b0378ed2e/%20-%20Vanadium_Market_February_13_2023.pdf?sv=2021-10-04&se=2025-02-16T08%3A20%3A36Z&sr=c&sp=r&sig=9VjspDnT8yvmvR1ABbU5XifGFbxkeKgGn0yYXcNPA%2BY%3D
https://www.globalafricanetwork.com/manufacturing/opportunities-available-for-investors-in-the-renewable-energy-sector/
Various initiatives are underway within the ELIDZ and opportunities exist for new investors in this sector.
Energy Storage Systems
* Current work with Impala Platinum (raw material supplier) on fuel cell manufacturing is taking place.
https://twitter.com/BushveldMin_Ltd/status/1625806361584869376
Renewables with energy storage cost-competitive with gas
https://www.energy-storage.news/renewables-with-energy-storage-cost-competitive-with-gas-in-canadian-provinces/
Clean Energy Canada’s full report, technical report, workbook and more
https://cleanenergycanada.org/report/a-renewables-powerhouse/
Apology it’s via this link below.
See the last Page 71 of this BE Presentation.
Reference Tables from Bushveld Energy for Electrolyte & Energy Conversions.
See the last Page 71 of 71
https://www.bushveldenergy.com/wp-content/uploads/2022/06/Bushveld-Energy-SAIEE-Mar-2022-v1.1.pdf
Reference Tables from Bushveld Energy for Electrolyte & Energy Conversions.
See the last Page 71 of 71
https://www.bushveldenergy.com/wp-content/uploads/2022/06/Bushveld-Energy-SAIEE-Mar-2022-v1.1.pd
https://www.energy-storage.news/south-africa-government-to-issue-rfp-for-513mw-of-battery-storage/
https://www.ipp-storage.co.za/
The 146MWh referred to in the article.
RFPs issued in December 22 - 35MW/140 MWh & 1.54 MW/6.16 MWh
https://easytenders.co.za/tenders/request-for-bidopen-tender-mwp1698wbdepa-mwp1698wb-96782
&
Determinations opening way for Eskom to procure emergency and cross-border electricity published for comment
https://www.engineeringnews.co.za/article/determinations-opening-way-for-eskom-to-procure-emergency-and-cross-border-electricity-published-for-comment-2023-02-11
Consultation Paper on Concurrence with CBPP LSRP EGPP Programmes
https://www.nersa.org.za/wp-content/uploads/2023/02/Consultation-Paper-on-Concurrence-with-CBPP_LSRP_EGPP_Programmes.pdf
Consultation Paper on 344.5MW Eskom RE and Storage
https://www.nersa.org.za/wp-content/uploads/2023/02/Consultation-Paper-on-344.5MW-Eskom-RE-and-Storage.pdf
https://businesstech.co.za/news/energy/664607/south-africa-on-the-cusp-of-an-r18-billion-energy-boom/
Battery storage market ripe for a boom in SA, says World Bank
World Bank expects a rapid rise in SA’s storage demand with revenue of up to $2bn a year in 10 years
https://www.businesslive.co.za/bd/national/2023-02-14-battery-storage-market-ripe-for-a-boom-in-sa-says-world-bank/?__vfz=medium%3Dconversations_top_pages
South Africans Can Now Get Tax Breaks For Investing In Renewable Energy
https://techfinancials.co.za/2023/02/14/south-africans-can-now-get-tax-breaks-for-investing-in-renewable-energy/?amp=1
The Twelve B Green Energy Fund has a mandate to invest in solar panels, inverters and batteries in residential complexes, and commercial and industrial installations.
https://youtu.be/J2WHU81v8ts
Manchin urges investment in non-lithium energy storage
https://www.energy-storage.news/manchin-urges-investment-in-non-lithium-energy-storage-jigar-shah-predicts-1gwh-orders-in-2023/
https://www.king.senate.gov/imo/media/doc/230130doeteamletter.pdf
Fortune tweet regarding
This is most sensible for several reasons 1) Li-ion is not the ideal solution for long-life, long duration storage, which will make up 90% of stationary energy storage; 2) There is just not enough Li-ion to support existing EV mandates 3) Geopolitics
https://twitter.com/tsepomojapelo/status/1623283094244495360?s=61&t=XqCr9YHIUc7YnpMQoGj1yA
https://archive.is/px5G8
G&W Electric Microgrid
https://www.gwelectric.com/microgrid/?utm_source=hootsuite&utm_medium=&utm_term=&utm_content=&utm_campaign=
Fortune tweet regarding
This is most sensible for several reasons 1) Li-ion is not the ideal solution for long-life, long duration storage, which will make up 90% of stationary energy storage; 2) There is just not enough Li-ion to support existing EV mandates 3) Geopolitics
https://twitter.com/tsepomojapelo/status/1623283094244495360?s=61&t=XqCr9YHIUc7YnpMQoGj1yA
https://www.energy-storage.news/manchin-urges-investment-in-non-lithium-energy-storage-jigar-shah-predicts-1gwh-orders-in-2023/
https://www.king.senate.gov/imo/media/doc/230130doeteamletter.pdf
https://www.pv-magazine.com/2023/02/07/vanadiums-role-in-a-just-transition/
Flow battery maker behind ‘US’ biggest project’ closes Series B funding round
https://www.energy-storage.news/flow-battery-maker-behind-us-biggest-project-closes-series-b-funding-round/
http://www.h2aec.com/eng/main.do
https://asia.nikkei.com/cms/Business/Technology/Sumitomo-Electric-plans-long-life-battery-plant-in-North-America
Mikhail’s thoughts posted on LinkedIn regarding the above article.
Interesting to see Sumitomo aggressively targeting the US market with their vanadium redox flow battery technology. The factory is expected to start production in 2024. To date, the US stationary storage market has been dominated by lithium ion batteries (and PHS), but the enactment of the IRA, the shift in ESS use cases to longer duration and the continued focus of lithium battery supply chains on EV growth, this finally seems to be changing.
https://www.energy-storage.news/singapore-firm-vflowtech-raises-us10-million-for-200mwh-vanadium-flow-battery-factory/
https://vftafrica.com/
Fortune participating @ 12:30 - 13:20 UK Time
Live via this Link
https://www.youtube.com/live/YFevphQVqvM?feature=share
Energy Transition Metals & Minerals – How can the African mining sector ensure security of supply?
https://miningindaba.com/agendas/agenda-2023/energy-transition-metals-minerals
https://www.enlit.world/energy-storage/overcoming-europes-system-challenges-with-energy-storage/
In an exclusive interview at Enlit Europe 2022, Pamela Largue speaks to Patrick Clerens of EASE about how many GWh of energy storage Europe needs to meet decarbonisation targets.
Clerens elaborates on the huge system challenge facing Europe, as energy is decarbonising and we aim to triple the renewable base installed.
He explains the need to balance these goals with new storage, new interconnections and new system integration.
In order to meet the goal of 200GW of storage by 2030, however, Clerens insists we need to facilitate the rollout of storage faster and in a more uniform fashion in Europe. Furthermore, all storage technologies will be critically important, including long duration storage. It is therefore important to develop the market design to accommodate these solutions.