Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
https://moderndiplomacy.eu/2020/12/28/the-reality-is-that-the-market-has-said-no-to-nuclear-and-yes-to-renewables/
With mounting recognition of the speed and pace of the low carbon energy transition needed to mitigate climate change, it seems absolutely essential to build low carbon energy societies. This challenge may involve a series of differing technically and economically viable options, including the expansion of renewable energies in all sectors, rapid expansion and modernization of electricity grids, improvements in energy efficiency and energy management, the use of modern technologies to minimise electricity consumption, rapid enhancement of storage technologies, market innovations from supply to service provision, intelligence deployment of limited gas resources, and the fundamental restructuring of our built and transport environments.
https://www.ctechinnovation.com/technology/vanadium-electrolyte-production-equipment/
Vanadium electrolyte is the vital component of VRFBs, an increasingly popular technology. VRFBs are an alternative energy storage technology capable of delivering load levelling and storage capacity for remote generation and renewable generation applications. It offers competitive value to commercial, industrial & micro-grid customers. Vanadium electrolyte is the electrochemical storage medium. It degrades slowly in use but at the end of life it can be completely re-generated and reused in VFRB.
I have read the report and those cost are based on ‘RFBs’ as only lasting for 10 years when we all know that they last probably double that with minimal maintenance.
The power (kW) of the system is determined by the size of
the electrodes and the number of cells in a stack, whereas the energy storage capacity (kWh) is
determined by the concentration and volume of the electrolyte. Both energy and power can be easily
adjusted for storage from a few hours to days, depending on the application. This flexibility makes RFBs
an attractive technology for grid-scale applications where both high-power and high-energy services are
being provided by the same storage system. Sufficient data are not currently available to estimate the
life of RFB stack components, such as membranes and electrodes, with a proposed lifetime of 10 years.
There is not a substantial amount of capital cost data available for redox flow systems. Price information was primarily provided by discussions with an energy storage expert, an RFB manufacturer, and from past research conducted by PNNL.
Thank you. I thought there might have been some misrepresentation after you earlier quote.
‘I see my trade of 403,525 shares is still not showing .... naughty mm's’
They appear to have reported within the rules however.
https://roskill.com/news/vanadium-saudi-german-jv-to-manufacture-vanadium-redox-flow-batteries/
German technology company Schmid Group and Saudi Arabian investment company Nusaned Investment, have closed the transaction for their planned joint venture (JV) under which they plan to set up a manufacturing facility with 3GWh of production capacity for vanadium redox flow batteries (VRBs) in Saudi Arabia. To be the world’s largest manufacturing facility in terms of capacity, the project is planned for Dammam Industrial City, along with a R&D centre, under a build-to-suit lease agreement with the technology zones administration, Modon. It is hoped that the JV will become a global leader in utility-scale energy storage as part of the Saudi Kingdom’s Vision 2030 objectives to install 57.5GW of renewable capacity by 2030.
https://www.energy-storage.news/news/100-renewable-energy-luxury-resort-in-saudi-arabia-will-use-1000mwh-battery
TRSDC awarded a contract this month for utilities infrastructure provision for the resort, with a consortium led by ACWA Power, the Saudi energy project investor and developer company behind some of the region’s largest - and the world’s lowest-cost - solar power projects. The site is expected to have an initial demand of 210MW and the consortium was awarded a 25-year contract.
https://www.sabic.com/assets/en/Images/Nusaned-annual-report-2019-English_tcm1010-23715.pdf
Shows ACWA Power is a strategic partner of Nusaned Investments.
So the potential for it to be VRFB is reasonably high in my opinion.