RE: Eskom14 Feb 2021 17:55
Fortune has also mentioned the other SA tenders in the Crux interview I believe, so will be going for all of them in some capacity. (i.e. Risk mitigation IPPP, REIPP window 5, IRP 2019, Eskom BESS)
Basically the more VRFB uptake, the less vanadium for steel and the V price shoots up.
It won't matter for BMNs involvement in VRFBs as they will leasing vanadium out, however the steel industry might be paying over the odds. The story may take time to play out as Fortune expects, hence he is ready to expand by the end of the year.