Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Hey … just in case anyone interested in the more important news of the day and now the latest and very important news from BMN’s field of operations and the shocking load shedding issues that are having such a detrimental effects on our mining operations - rather than the continuing space filling reams from the self- opinionated troll feeder - it appears that Eskom’s ceo de ruyter has agreed to stay on till March!
https://www.news24.com/fin24/economy/live-eskoms-andre-de-ruyter-has-resigned-what-happens-now-20221214
The answer is very simple … instead of replying to the very obvious ‘honey trap’ and ‘click bait’ posts of those who are determined to make it their life’s project to save others from ‘the positive spin’ … use the filter button!
THAT is what it’s there for!
I don’t think so.
The Bushveld Complex hosts a huge range of rare metals essential for the manufacture of all Information Technology – phones, computers and other commercial and military communication hardware.
It is the richest deposit on Earth for a crucial range of rare metals.
Located in the Limpopo, Mpumalanga, North-West and Gauteng provinces of South Africa, the complex hosts the majority of global platinum-group element, chromium, and vanadium resources, in addition to major deposits of copper, nickel, gold, tin, iron, fluorite, and dimension stone.
https://www.miningreview.com/base-metals/the-worlds-most-valuable-mineral-complex-is-in-south-africa/
Hopefully this will start to change in the not to distant future and once the ELZ plant enters production next year, we may be in a better position to start partnering and putting a business case together for bringing home some VRFB BESS contracts.
Hyosung Successfully Completes Product Testing & Initiates Korean Partnership with Invinity
Successful test and validation concluded by Hyosung Heavy Industries, MoU signed
Friday 8 April 2022
Invinity Energy Systems is pleased to announce the conclusion of a successful test and validation program by Hyosung Heavy Industries (“Hyosung”), the Power & Industrial Systems Group of Hyosung Corporation, one of Korea’s largest industrial conglomerates, and subsequent signing of a non-binding Memorandum of Understanding (“MoU”) for a global partnership with an exclusive relationship in Korea.
https://invinity.com/battery-evaluation-concludes-succesfully-partnership-initiated-with-hyosung/
@ knutsfordnotary … I’m surprised you didn’t know, these are Lithium-iron batteries. FM has publicly stated they were not in a position enter into tendering for large Eskom projects due to lack of scale and capacity.
Hyosung Heavy Industries and Pinggao Group are the first companies contracted to provide large lithium-ion batteries to Eskom for its massive battery energy storage system (BESS).
The power utility has told MyBroadband that Hyosung would provide 292MWh of storage while Pinggao would contribute 395MWh as part of Phase 1 of the project.
https://mybroadband.co.za/news/energy/454228-these-companies-will-provide-the-first-batteries-for-eskoms-massive-backup-energy-storage-system.html
Dec. 1, 2022
2023-2028] Vanadium Redox Flow Battery (VRFB) Market research report contain Analysis of Copound Growth Annual Rate(CAGR) and Market Size of TOP key Players : Chemours (DuPont), FuMa-Tech, Golden Energy Fuel Cell, Dalian Institute of Chemical Physics, Sumitomo Electric Industries, RedT, UniEnergy Technologies, Gildemeister, Vionxenergy, Big Pawer, Golden Energy Fuel Cell, H2, Inc., Rongke Power.
Vanadium Redox Flow Battery (VRFB) Market Report offers an Complete view about Vanadium Redox Flow Battery (VRFB) market and incorporates a profound picture of execution by a portion of the key global players finishing on the lookout. Besides, the report offers a full data about the position, extent of development, and possibilities of new members or players on the viewpoint.
Vanadium Redox Flow Battery (VRFB) Market Report 2022 is spread across 112 Pages and provides exclusive statistics data, and competitive landscape of Vanadium Redox Flow Battery (VRFB) Market in niche sector.
Top Key Players of Vanadium Redox Flow Battery (VRFB) Market are as follows:
? Chemours (DuPont)
? FuMa-Tech
? Golden Energy Fuel Cell
? Dalian Institute of Chemical Physics
? Sumitomo Electric Industries
? RedT
? UniEnergy Technologies
? Gildemeister
? Vionxenergy
? Big Pawer
? Golden Energy Fuel Cell
? H2, Inc.
? Rongke Power
And More….
{Moving Compound annual growth rate (CAGR) In terms of Revenue in Million}
Get a Sample Copy of the Vanadium Redox Flow Battery (VRFB) Market Report 2022……
https://www.marketwatch.com/press-release/vanadium-redox-flow-battery-vrfb-market-2023-expected-to-reach-significant-rate-by-2028-2022-12-01
Nov. 28, 2022.
https://seekingalpha.com/article/4560875-vanadium-miners-news-november-2022
Building competitive advantages and cutting costs with mobile energy storage.
Dec. 12, 2022
That’s where mobile energy storage can help. Mobile energy storage is a powerful tool that enables both C&I customers and the utilities that serve them to contain costs while still maintaining or expanding their operations.
An answer to seasonal spikes in energy use
One potential application for mobile storage is with companies that have extremely high electricity demand during certain times of the year, like ski resorts that need to make snow. “A ski resort might have 10 times higher peak demand in the winter while their demand at other times is low,” said Chris McKay, general manager of Nomad Transportable Power Systems, a Vermont-based supplier of mobile energy storage systems.
Bringing in a mobile energy storage system would allow a ski resort to shave its peak demand – and the high costs associated with it – while also taking advantage of utility demand response programs.
Indeed, a ski resort may decide not to participate in a financially attractive utility demand response program because the need to continue normal operations is more important than any financial benefit caused by reducing or halting its power consumption.
For example, using a lot of electricity when conditions are right to make snow is a business necessity. A properly sized energy storage system would allow the ski resort to continue operating as normal while still taking advantage of utility demand response incentives because the storage can reduce the amount of utility power the resort would need.
Flexibility to adopt new technologies
Ski resorts are by no means the only type of company that can benefit from mobile storage. Indeed, lots of companies want to reduce their energy costs but feel powerless to do so because they don’t own their facilities. “They’re looking at a situation where they’re going to get hit with electric costs, but they don’t necessarily know that they’re going to be in a building forever,” McKay said. “Mobile energy storage allows you to bring something to a location that might be temporary and use it for the next couple of years and return it when you’re done.”
https://www.utilitydive.com/spons/building-competitive-advantages-and-cutting-costs-with-mobile-energy-storag/638165/
Long duration energy storage has attracted more than $58B in global commitments since 2019: WoodMac.
Dec. 12, 2022.
Long-duration energy storage projects, or LDES, have attracted more than $58 billion globally in private and public commitments since 2019, according to an analysis by Wood Mackenzie.
If all commitments for projects advanced, 57 GW of LDSE would be installed, according to the research and consultancy group, or about three times the global energy storage capacity deployed this year.
“However, most long-duration energy storage technologies are still nascent and technology developers will struggle to scale cost-effectively before 2030,” the analysis said.
Wood Mackenzie’s “Long-duration energy storage report 2022” analyzes the worldwide LDES industry, including Asia Pacific, Europe and North America.
“To accelerate the energy transition, more renewable energy sources will be used for generating power, but this in turn presents challenges for the reliability and stability of the power system,” said Kevin Shang, senior research analyst at Wood Mackenzie and lead author. “Some technology solutions exist today, but they are far from meeting society’s power needs.”
Long duration energy storage technology makes it possible for wind, solar and other renewables to match supply with demand. Fossil fuels are currently used to balance supply and demand.
The technology, capable of providing energy for eight to about 100 hours, can be a low-cost solution to enable a grid with more renewable sources, the Wood Makenzie report said. “This is why companies and governments have significantly increased their commitment to the LDES market,” it said.
Pumped hydro storage is the only LDES technology deployed on a large scale and will continue to dominate the market until 2030, the report said.
Wood Mackenzie’s analysis shows a geographical disparity in the development of the LDES market. The deployment of vanadium redox flow batteries and compressed air energy storage has accelerated rapidly in China due to strong policy support.
“In the western hemisphere, the U.S. continues to invest in and build its LDES industry, with companies actively pushing for innovation, and promoting pilot and demonstration projects,” Shang said.
Long Duration Energy Storage to accelerate energy system decarbonisation………
Published in November 2022 by the LDES Council. Copies of this document are available upon request or can be downloaded from our website: www.ldescouncil.com.
https://www.ldescouncil.com/assets/pdf/221108_NZH_LDES%20brochure.pdf
The metal resource needed to make all cars and vans electric by 2050 and all sales to be purely battery electric by 2035. To replace all UK-based vehicles today with electric vehicles (not including the LGV and HGV fleets), assuming they use the most resource-frugal next-generation NMC 811 batteries, would take 207,900 tonnes cobalt, 264,600 tonnes of lithium carbonate (LCE), at least 7,200 tonnes of neodymium and dysprosium, in addition to 2,362,500 tonnes copper. This represents, just under two times the total annual world cobalt production, nearly the entire world production of neodymium, three quarters the world’s lithium production and 12% of the world’s copper production during 2018. Even ensuring the annual supply of electric vehicles only, from 2035 as pledged, will require the UK to annually import the equivalent of the entire annual cobalt needs of European industry.
The worldwide impact: If this analysis is extrapolated to the currently projected estimate of two billion cars worldwide, based on 2018 figures, annual production would have to increase for neodymium and dysprosium by 70%, whilst cobalt output would need to increase at least three and a half times for the entire period from now until 2050 to satisfy the demand.
Energy cost of metal production: This choice of vehicle comes with an energy cost too. Energy costs for cobalt production are estimated at 7000-8000 kWh for every tonne of metal produced and for copper 9000 kWh/t. The rare-earth energy costs are at least 3350 kWh/t, so for the target of all 31.5 million cars that requires 22.5 TWh of power to produce the new metals for the UK fleet, amounting to 6% of the UK’s current annual electrical usage. Extrapolated to 2 billion cars worldwide, the energy demand for extracting and processing the metals is almost 4 times the total annual UK electrical output.
Energy cost of charging electric cars: There are serious implications for the electrical power generation in the UK needed to recharge these vehicles. Using figures published for current EVs (Nissan Leaf, Renault Zoe), driving 252.5 billion miles uses at least 63 TWh of power. This will demand a 20% increase in UK generated electricity.
https://www.nhm.ac.uk/press-office/press-releases/leading-scientists-set-out-resource-challenge-of-meeting-net-zer.html
Potential for Project Mistral. Joint IES/ Siemans Gaamsa Project.
Invinity has been pursuing the next generation of its flow batteries in a joint development and commercialisation project with Siemens Gamesa Renewable Energy (SGRE), now to become part ofSiemens Energy (ENR1 GR.
We expect these units to be lower cost, higher energy density products which could be ready as early as summer 2023E. They could be delivered into Invinity's contracts from there, which would create the potential for significantly higher gross margin as well as higher manufacturing
productivity.
Especially with BE being spun off in order to bring institutional investors on board!
Wheels within wheels.
Siemens Gamesa, a major player … and IES’s major development partner in the long duration battery energy storage space.
Siemens Gamesa remains as a member of Dow Jones Sustainability Indexes in 2022
Siemens Gamesa scored 84 (out of 100) in the 2022 S&P Global Corporate Sustainability Assessment, achieving top score in the Environmental category within the Machinery and Electrical Equipment industry. The company reached the third highest score out of 287 companies and performed in the 99th percentile in the industry in the S&P Global Corporate Sustainability Assessment.
Moreover, Siemens Gamesa scored particularly well in the areas of Innovation, Business ethics, Risk and Crisis management, Supply chain management, Product stewardship, Climate strategy, Customer Relationship Management, Corporate Citizenship and Philanthropy, and Reporting.
Our ESG performance is also recognized by FTSE4Good, STOXX Europe Sustainability, STOXX ESG Leaders, Euronext Vigeo (World, Europe and Eurozone), Solactive Europe Corporate Social Responsibility indexes and MSCI indexes: Low Carbon Leaders, Low Carbon Target, ESG Universal, ESG Screened, Climate Change and Climate Paris Aligned, among others.
Siemens Gamesa has received outstanding ESG ratings and sector rankings from all other relevant ESG rating agencies: #1 in its sector according to ESG agencies ISS ESG and FTSE Russell ESG; #2 according to Moody's ESG Solutions (Vigeo-Eiris); AA ESG rating from MSCI; and it is in the 97th percentile and included in the Top Industry list by Sustainalytics.
https://www.siemensgamesa.com/en-int/newsroom/2022/12/dow-jones-sustainability-index-2022
Continued…..
The long road to powering electric vehicles
In 2021, China’s lithium resources amounted to 5.1 million tons, accounting for 5.6% of global resources. China needs to import at least 65% of the lithium required by its electric vehicle and battery industries. As a result, the price of lithium carbonate has skyrocketed. Yet unlike lithium, which China has to procure via long supply chains from places like Australia and Chile, China has the largest reserves and is the largest producer of vanadium. In 2021, global reserves of vanadium were 63 million tons, of which China held the largest share of about 9.5 million tons, or 39%, while China also produced 68% of global output.
Unlike lithium-ion batteries, vanadium batteries are much safer, have a long life cycle, and are almost completely recyclable. Vanadium batteries can be charged and discharged up to 15,000 times, and a vanadium battery energy storage power station has a lifetime of about 20 years. With a water-based electrolyte system, moreover, the vanadium battery is immune to catching fire and exploding (unlike lithium-ion batteries).
At the present, however, most vanadium in China is produced as a by-product of the steel industry, and almost all of it is reused in the steel industry. So China would have to expand the production of vanadium to support an independent vanadium battery industry. Another problem is the high initial installation cost of vanadium batteries, which is about twice that of lithium-ion batteries. But the longer the energy storage time of vanadium batteries, the smaller the unit investment cost, and hence the only means for vanadium power to develop vigorously at the present is on a large scale.
The main problem with vanadium batteries, however, is low energy density, which is only 70–75% of that of lithium batteries. As a result, vanadium batteries still have to be used in a large volume, and hence they are not yet suitable for small working scenarios such as electric vehicles.
The takeaway
Vanadium batteries are in their initial breakout stage of commercialization in China focused on power generation and storage for the electric grid. But as the technology develops, vanadium may eventually replace lithium as China’s electric vehicle battery of choice.
https://thechinaproject.com/2022/10/18/the-dawn-of-the-vanadium-battery-age-in-china/
September was vanadium month for Chinese power stations
The technology is not new: Vanadium batteries have been in use for years in large-scale utilities, and research on vanadium flow batteries has been conducted in China since the late 1980s. In 1995, the China Academy of Engineering Physics produced China’s first prototype vanadium battery.
In September, however, important developments occurred in China related to the commercialization of vanadium batteries:
On September 20, construction commenced on China’s first gigawatt-hour (GWh) vanadium flow power station in Qapqal Xibe, Xinjiang, with a total installed capacity of a million kilowatts (kW). The project is expected to be fully connected to the grid before the end of 2023.
On September 28, a contract was signed in Jishou, Hunan Province, for the construction of a 400-megawatt (MW) vanadium flow energy storage power station with a total investment of 680 million yuan ($94.46 million), expected to be completed and connected to the grid at full capacity by the end of June 2023.
On September 29, a 100-MW vanadium flow battery energy storage power station and national demonstration project entered the final stage of commissioning in Dalian, Liaoning Province, and is expected to fully enter service in mid-October. The station has a power rating of 100,000 kilowatt-hours (kWh) and can store up to 400,000 kWh of electricity. It can meet the daily electricity demand of 200,000 residents.
The vanadium battery companies to watch
These new vanadium power plants are accompanied by developments in downstream battery manufacturing:
On August 2, HBIS ????, China’s second-largest producer of vanadium, announced that it had constructed a 1,000-ton-per-year high-purity vanadium production line, and a 1,000-ton-per-year vanadium electrolyte production line.
On October 11, Pangang Group Vanadium and Titanium Resources ????, China’s leading producer of vanadium, launched a joint venture with battery developer Rongke Power ???? for the construction of a vanadium electrolyte production line in Sichuan Province, and for exploring business models for the commercialization of vanadium battery energy storage.
On October 13, titanium dioxide manufacturer CNNC Hua Yuan ????, which had announced a centralized procurement system for vanadium redox flow battery energy storage in September, announced an investment of 510 million yuan ($70.84 million) for the establishment of a new subsidiary focused on vanadium technology.
In July, CNNC Hua Yuan launched a strategic venture for the development of the entire industry chain of vanadium redox flow batteries.
According to an industry white paper on China’s vanadium battery industry published this year, the scale of vanadium batteries in China will reach 2.3 GW by 2025 and 4.5 GW by 2030, when the cumulative installed capacity of vanadium battery energy storage projects will reach 24 GW with a total market size of 40.5 billion yuan ($5.62 billion).
Enerox (CellCube) and North Harbour Clean Energy are considering building a VRFB manufacturing plant in Australia.
Last week, the two entities signed an agreement to build an assembly and manufacturing line in Eastern Australia to meet GWh demand for long-duration energy storage in the National Electricity Market (NEM).
The first project executed by the partnership will be developing the continent’s largest VRFB, which generates 4MW-16MWh based on CellCube’s proprietary technology. CellCube and NHCE will also conduct a feasibility study and work towards a final investment decision on a 50:50 joint venture to manufacture VRFBs in Australia.
NHCE and CellCube will collectively review and select the best site to deliver an initial annual production capacity of at least 40MW/160MWh, with a target of 1,000MW/8,000MWh per year.
This represents serious scale. For reference, the world’s largest installation to date is the 200MW/800MWh installation in Dalian, China, developed by Rongke Power. That one installation contains an estimated 3,600t of vanadium contained in electrolyte. As such, 8,000 MWh of annual capacity represents 36,000t of vanadium – that’s one-third of the size of today’s entire vanadium market.
Critically, the partners did not suggest a timeframe for reaching such a large capacity and have set out an intent to start small (160MWh requires a more modest 720tpy of vanadium in electrolyte).
Project Blue has recently revised its outlook for VRFBs and remains positive about the likelihood of the technology’s widespread commercialisation. By 2050, the VRFB market accounts for ~30% of total vanadium demand in our base case. This new demand will require electrolyte from new projects, most of them unknown at this stage. But critically, vanadium feedstock will also be required, and this cannot be “turned on” at scale overnight.
https://theprojectbluegroup.com/news-details/could-australia-lead-the-charge-for-vanadium-redox-flow-batteries
Could you lot of bottom holes that do this company no favours whatsoever with your arrogance and ridiculously childish and argumentative bickering which is continuing to drive both potential new and existing contributors away from this bb - go get a room together, and leave the rest of us to concentrate purely on Bushveld Minerals? The lot of you do more damage to this bb than any troll!
For feck sake - the whole lot of you - grow up OR feck off!
Energy ministers agree to fast-track big batteries and long duration storage
8 December 2022
Federal and state energy ministers have agreed on a new mechanism that can fast-track the development of big batteries and long duration storage as the country seeks to accelerate its switch from coal to renewables.
The ministers met in Brisbane on Thursday to discuss a new mechanism that seeks to reward new zero emission technologies rather than the legacy fossil fuel plants that were seemingly favoured in previous proposals put forward by the Energy Security Board.
The so-called Capacity Investment Scheme (CIS) will provide a national framework to drive what federal energy minister Chris Bowen describes as “new renewable dispatchable capacity” and ensure reliability in Australia’s rapidly changing energy market over the next decade and beyond.
The scheme appears based – as foreshadowed by RenewEconomy on Wednesday – on the NSW renewable infrastructure plan, and will involve tenders for a revenue underwriting mechanism that help will unlock around $10 billion of investment in clean dispatchable power, essentially batteries and long duration storage.
Auctions and revenue floors
“It is more necessary that ever in these challenging times,” Bowen said in a media release.
“The 2022 winter energy crisis was a stark reminder of how vulnerable Australia’s energy market currently is to market shocks, due to the previous Government’s legacy of 4GW of dispatchable power leaving the grid over the past decade, and only 1GW replacing it.
Auctions and revenue floors
“It is more necessary that ever in these challenging times,” Bowen said in a media release.
“The 2022 winter energy crisis was a stark reminder of how vulnerable Australia’s energy market currently is to market shocks, due to the previous Government’s legacy of 4GW of dispatchable power leaving the grid over the past decade, and only 1GW replacing it.
Long read…….
https://reneweconomy.com.au/energy-ministers-agree-to-fast-track-big-batteries-and-long-duration-storage/
South Africa's Minister of Mineral Resources and Energy, Mr Gwede Mantashe, hosted a project agreement signing ceremony with an expected 13 Preferred Bidders believed to be from REIPPPP Bid Window 5 in Centurion, on Thursday, 8 December 2022. Read more
Once completed, these projects will add around 975 megawatts to the national grid.
Mantashe also announced preferred bidders for REIPPPP Bid Window 6.
Read more ……….
https://www.greenbuildingafrica.co.za/south-africas-energy-minister-signs-off-on-legal-close-for-13-reipppp-bid-window-5-projects-and-announces-five-preferred-bidders-for-bid-window-6/
7 Dec 2022
Pivot Power announces planning approval for two new battery storage sites in Luton and Cornwall to supercharge a smarter energy grid.
https://www.edf-re.uk/media-centre/pivot-power-announces-planning-approval-for-two-new-battery-storage-sites-in-luton-and-cornwall-to-supercharge-a-smarter-energy-grid/
Technology group Wärtsilä Energy has signed an additional contract with EDF Renewables UK for a 50MW/100MWh lithium-ion energy storage facility in Sundon, Bedfordshire.
https://www.solarpowerportal.co.uk/news/edf_renewables_and_waertsilae_announce_plans_for_energy_superhub_battery_sy
TUE, DEC 6 2022
“Renewables [will] become the largest source of global electricity generation by early 2025, surpassing coal,” the IEA said in its Renewables 2022 report.
The analysis comes at a time of huge disruption within global energy markets following Russia’s invasion of Ukraine in February.
IEA chief Fatih Birol said the global energy crisis had kicked renewables “into an extraordinary new phase of even faster growth as countries seek to capitalise on their energy security benefits.”
https://www.cnbc.com/2022/12/06/renewables-to-be-main-source-of-electricity-generation-by-2025-iea.html?utm_medium=email