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.
Invinity on the Scottish news showcasing VRFB's and BMN vanadium.
https://www.bbc.co.uk/iplayer/episode/m00118z8/reporting-scotland-evening-news-04112021#t=09m25s
CellCube announced as a founding member of the Long Duration Energy Storage Council at COP26.
https://www.energy-storage.news/bp-breakthrough-energy-ventures-in-long-duration-energy-storage-council-launching-at-cop26/
The pieces are falling into place....
Exciting times!
Scathing article in the telegraph yesterday...
https://www.telegraph.co.uk/business/2021/11/02/hut-group-meltdown-proves-city-hopelessly-naive-tech-stocks/
https://www.powerengineeringint.com/coal-fired/eus-cop26-programme-to-support-south-africas-coal-phase-out/
European Commission President Ursula von der Leyen has stated that the European Union will initiate a project at COP26 to help South Africa transition away from coal.
The statement was made by President von der Leyen ahead of two significant global summits, the G20 Summit in Rome this weekend, as well as the UN Climate Change Conference (COP26) in Glasgow (31 Oct to 12 November).
Von der Leyen unpacked the actions to be undertaken by the Union at COP, one of which will be to support South Africa in its shift to cleaner energy sources in a just and fair way. Together with the US, the UK, Germany, France, the EU will launch the Just Energy Transition Partnership.
“The idea is that the countries support South Africa to phase out of coal faster, and to go earlier and faster into developing renewables. We are still working on that but I am confident that we are going to launch this new proposal and then this partnership could become a template on how to support just transitions around the globe, with sponsoring countries and countries that have to move on faster in the just transition,” said von der Leyen.
A recent report by the Center for Research on Energy and Clean Air (CREA) stated that South African utility Eskom is now the world’s most polluting company. Eskom, alone, now emits more sulfur dioxide than China, the United States (US), and the European Union (EU)’s power sectors.
The emissions are coming from Eskom’s 15 coal-fired power plants at which the utility has failed to install desulphurisation equipment to help reduce emissions over the past years.
The aim of the Glasgow summit is to secure new commitments and deals from countries and polluting sectors to cut emissions sufficiently to keep the 1.5 C target within reach.
U.N. secretary-general Antonio Guterres has called on all wealthier countries to not only stop burning coal by 2030, but also to support the poorer countries to do so.
Flow batteries based on different chemistries are completely different to each other.
For example anything other vanadium electrolyte is likely to require a separate pump to stop the electrolyte from going out of balance, hence why V205 is the best chemistry.
Bearing in mind there are vrfb's being deployed in the range of 500mwh and no other flow battery comes close to that why would they even think about focusing their efforts else wear?
Key takeaways guidance lowered and average v205 price for Q3 $9.40!
https://www.businesswire.com/news/home/20211020005353/en/
V2O5 production of 3,260 tonnes (7.2 million pounds1) in Q3 2021, a 5% increase over Q3 2020 and 6% above Q2 2021
Total V2O5 equivalent sales of 2,685 tonnes in Q3 2021, a 16% increase over Q3 2020 and 11% below Q2 2021 due to logistical challenges
Largo Clean Energy (“LCE”) selected to receive $4.2 million in funding from the Department of Energy (“DOE”) to scale up U.S.-based manufacturing of flow battery and long duration storage systems; Receipt of funding is subject to the completion of the award negotiation with the DOE
On July 30, 2021, LCE received a notice to proceed (“NTP”) on its previously announced sales contract with Enel Green Power España (“Enel”) for the delivery of a 5 hour 6.1 MWh VCHARGE± system located in Spain
Revised 2021 production and sales guidance: Production guidance lowered to 11,400 to 11,800 tonnes of V2O5 equivalent from 12,000 to 12,500 tonnes; Sales guidance lowered to 11,200 to 11,800 tonnes of V2O5 equivalent from 12,250 to 12,750 tonnes
Demand in all of the Company’s key vanadium markets remained strong in Q3 2021: Average Fastmarkets European V2O5 price of approximately $9.40 per lb in Q3 2021, a 76% increase over the average in Q3 2020
My bet is the ESS Inc #GWH IPO'd yesterday is putting the spotlight on flow batteries (currently has a $1.6B market cap and was up 100% shortly after the open today).
Cellcube are making similar moves they announced an insurance deal with Munich Re earlier today (same provider as ESS).
https://www.linkedin.com/posts/arpad-h%C3%B6tschl-811873163_cellcube-energystorage-renewableenergy-activity-6853619562441715712--Gxb
Flow batteries are coming to the fore.
Not one i'd seen before so thought worth sharing (from August)...
https://solar-media.s3.amazonaws.com/assets/Pubs/PVTP%2028/Primary%20vanadium%20producers%E2%80%99%20flow%20battery%20strategies.pdf