Member Info for Lindon

The MUST rto maturity date was moved to the end of March, anything could happen between now and then (or not!) The actual re-listing date is dependant on the approval of their prospectus by the FCA which, apparently is where its currently being processed

@Paul150, I think that should mean close to around 800mtV in the last couple of months give or take a couple of tonnes per container load. Although such a massive increase after no deliveries for the months prior to that probably averages things out to around guidance projections.

But such quick turn around in volumes during a severe load shedding period may mean some of these deliveries could have come off the stockpile rather than recent production volumes.

Given the size of it - they were holding plenty of capacity to go that route if desired. Certainly no bad thing if they have - because of course - past production costs for the stockpile have already been accounted for!

WASHINGTON — Within three years, a surge of large-scale battery projects is expected to come online on Texas and California power grids as developers seek to store electricity produced by those state’s sprawling wind and solar farms.

The Energy Department has estimated that 21 gigawatts of storage capacity will plug into U.S. power grids before 2026, more than 2½ times the amount now in operation. Almost 8 gigawatts are expected in Texas.

The boom in battery development comes as weather-dependent wind and solar energy becomes an increasingly large part of the U.S. power grid, requiring an alternate power source when the wind isn’t blowing and the sun isn’t shining.

As renewable energy has grown over the past decade, natural gas-powered turbines have shouldered a lot of that load. But as lithium-ion battery prices have come down in recent years — at the same time natural gas prices have increased — power utilities are increasingly looking to large batteries to fill the gaps.

“What you’re seeing here is a technology starting to reach its inflection point,” said Ryan Katofsy, managing director at trade group Advanced Energy Economy. “Costs are down, performance is improved. There’s more awareness of the qualities (batteries) provide.”

https://www.expressnews.com/business/article/Powering-grid-reliability-Texas-17661461.php?utm_medium=email

Spot on Nobby, the ‘circular economy’ benefits of VRFB’s are one of their most important and major selling points in the continuing battle to disrupt the established Lithium battery industry - this proposed legislation is of enormous relevance to BMN’s BESS ambitions.

“These measures could become a benchmark for the entire global battery market.”

The European Union said its Parliament and Council reached a provisional agreement to overhaul EU battery rules. They will cover the entire battery life cycle, from design to end-of-life.

The new EU Batteries Regulation, announced in a statement last week and still to be approved, will apply to all types of batteries sold in the EU, including SLI, electric vehicle (EV) and industrial batteries.

The deal stipulates a carbon footprint declaration and label will be obligatory for EV batteries, light means of transport (LMT) batteries and rechargeable industrial batteries with a capacity above 2kWh, the statement said.

LMT and EV batteries, and industrial batteries with a capacity above 2 kWh, will also be required to have a “digital battery passport”. This must include information on the battery model and specific information on the individual battery and use.

All economic operators placing batteries on the EU market, except for SMEs, will be required to develop and implement a “due diligence policy”. It will have to be consistent with international standards and address the social and environmental risks linked to sourcing, processing and trading raw materials and secondary raw materials.

Collection targets are set at 51% by 2028 and 61% by 2031 for LMT batteries
Minimum levels of recovered cobalt (16%), lead (85%), lithium (6%) and nickel (6%) from manufacturing and consumer waste must be reused in new batteries.
All waste LMT, EV, SLI and industrial batteries must be collected free of charge for end-users, according to the update.

Parliamentarian Achille Variati, of the Socialists and Democrats grouping, said: “Our overall aim is to build a stronger EU recycling industry, particularly for lithium, and a competitive industrial sector as a whole, which is crucial in the coming decades for our continent’s energy transition and strategic autonomy. These measures could become a benchmark for the entire global battery market.”

Industry reaction…….
https://www.bestmag.co.uk/european-union-reaches-provisional-agreement-to-overhaul-eu-battery-rules/?mc_cid=535539c203&mc_eid=a78405b32f

South Africa’s grid operator Eskom has issued a procurement notice for two grid-scale battery projects totalling 36MW/146MWh of energy storage, while the state-owned company’s CEO resigned this week.

The state-owned organisation is seeking companies to design, build, commission and operate battery energy storage systems (BESS) totalling 35MW/140MWh at its Melkhout substations (Lot A) and 1.54MW/6.16MWh system plus 2.04MW solar PV at its Mier substation (Lot B).
The Lots, which were first announced in March this year but with a specific procurement notice issued 1 December, include five years of operation.

The procurement is part of a first phase of BESS procurements by Eskom totalling around 800MWh of energy storage plus 2MW PV, previously reported on by Energy-Storage.news. A portion of that has already been awarded and winning company Hyosung Heavy Industries started building its awarded projects last week.

Phase one will total US$406 million of investment from Eskom while phase two, whose value has not been disclosed yet, will see another roughly 640MWh and 60MW PV installed.

The two projects updated on 1 March will be financed by the Ivory Coast-headquartered African Development Bank (ADB) and the Shanghai-based New Development Bank, the latter founded by the BRICS states (Brazil, Russia, India, China and South Africa).

The process will be governed by procurement regulations from the World Bank.

Pre-bid clarification meetings for both Lots will be held on 18 January, 2023, with site meetings a week later. Bids for both must be delivered by 10 am South African Standard Time (SAST) on Wednesday, 01 March 2023.

The BESS units must have an availability or uptime of 95% of the reporting period.

The standalone BESS project procurements are in addition to around 430MWh/1300MWh of storage paired with renewable energy projects that won part of a 2GW tender through its Eskom’s Risk Mitigation Independent Power Producer Programme (RMIPPP). Norwegian company Scatec started work on its winning projects recently too.

In related news, Eskom announced the resignation of CEO André de Ruyter from the organisation yesterday (14 December), its 11th CEO in a decade. The grid operator has struggled to meet electricity demand in South Africa without widespread and numerous outages for years.

Alongside increasing its share of renewable energy, BESS additions like these are being brought in to shore up resiliency and reduce costs.

www.ferroalloynet.com

South Africa's Independent Power Producer Procurement Programme, once globally respected at the best model in the world for emerging market countries, is all but destroyed

. At a signing ceremony for legal close on 13 Bid Window 5 independent power projects last Thursday, South Africa's energy minister, Gwede Mantashe, threw the country's state-owned energy utility,
Eskom, under the bus by saying that load shedding was becoming worse than state capture because of how it directly affects citizens and takes a toll on the economy.
"Eskom, by not attending to load shedding, is actively agitating for the overthrow of the state", Mantashe said. Mantashe's anger was visible but maybe not because of load-shedding. It may be because Eskom and the country's president has undermined him, out foxed him and embarrassed him at the same time………

https://www.greenbuildingafrica.co.za/south-africas-reipppp-in-tatters-while-energy-crisis-depends-mantashe-must-be-held-accountable/

In an early victory for #CancelCoal applicants, yesterday the Pretoria High Court ordered the Minister of Mineral Resources and Energy to release records relating to the decision to include new coal power in the 2019 Integrated Resource Plan for Electricity (IRP), and to the 2020 Ministerial determination for new coal issued under the IRP.
The court has ordered the Minister to release the documents in question and ordered government to pay costs, clearing the way for the main #CancelCoal case to proceed.

Read more………
https://www.greenbuildingafrica.co.za/court-orders-mantashe-to-release-records-for-coal-inclusion-in-2019-irp-plus-pay-costs/

CONGRATULATIONS
The Department of Mineral Resources and Energy and the IPP Office hereby congratulates the succesful bidders under the Renewable Energy Independent
Power Producers Procurement Programme's Bid Window 6.
The successful bidders are:
- Kutlwano Solar Power Plant
- Boitumelo Solar Power Plant
- Virginia Solar Park piT- Good Hope Solar Park

……. https://www.ipp-renewables.co.za/

De Ruyter's resignation raises alarm in private sector, rand retreats Business Unit SA (BUSA),
professional investors and economists reacted with alarm to the news that Eskom CEO André de Ruyter had resigned, describing it as a blow to the energy utility's efforts to address the country's power crisis.

Meanwhile, the rand retreated and Eskom bonds weakened after the news broke.De Ruyter's resignation follows a spate of public attacks led by Mineral Resources and Energy Minister Gwede Mantashe. De Ruyter did not receive public support from either President Cyril
Ramaphosa or Public Enterprises Minister Pravin Gordhan.Cas Coovadia, CEO of Business Unity South Africa (BUSA), said De Ruyter's resignation was a "major blow for Eskom and the efforts to address the energy crisis we are facing on an ongoing basis".

Coovadia said the announcement was not surprising given the "irresponsible comments by some in government and some other sectors" about De Ruyter

DA MP Ghaleb Cachalia said De Ruyter was "sacrificed at the altar of politics"

"André de Ruyter's apparent sudden resignation as the CEO of Eskom is a reflection on Gwede
Mantashe's relentless campaign against a man who despite having one hand tied behind his back as he battled to get the utility on track - fighting corruption, debilitating policies and political interference conducted a dutiful and responsible effort at the discharging of his duties."

Cachalia said Gordhan was "powerless in the face of Mantashe and many in the RET faction who have been baying for his blood".
"Yet again the factional shenanigans of the ANC are spilling over into the efficient running of key utilitiesand the results will be more than dire. "At a time when de Ruyter needed all the support he could muster and a free hand to deal with the most pressing challenge facing the country, he has been sacrificed at the altar of political expediency, factionalism and racism."

He said the DA condemned this "thinly-veiled 'resignation''. "It's time for a ring-fenced state of disaster to be declared around Eskom, governed independently by a panel of experts that ideally should include the former CEO who knows more than most what bedevils

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

https://www.news24.com/news24/investigations/breaking-andre-de-ruyter-resigns-as-eskom-chief-executive-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/