Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Ophidian
@Ophidian18
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5h
Well there is a gap close on #BMN I never thought I'd see. Time to buy
https://mobile.twitter.com/Ophidian18
A couple more of the more notable negatives attached to the interims results which imo, have almost certainly recently impacted the sp and have driven it down to new 5 year lows. 1, confirmation that they have proceeded to build the ELZ with no orders in prospect for electrolyte - and 2, an admittance that the plant will take several years to ramp up to its targeted annual 200 MW production capacity. The natural conclusion being that both those ‘items’ are linked - I.e. they do not foresee any major take up of VRFB’s even in SA for several years, so there’s no pressure to ramp up to even a rather small 200MW capacity and just keeping the plant ticking over to possibly supply one or two mini- grid projects is all they think will happen for the next few years.
Also these points are probably linked together with BE being sold off as well as being linked to the fact that CellCube maximum capacity being only 30MW - and even that paltry figure is only happening due to a $30 million expansion investment!
Pulling all those strings of the overall picture together, the prospect of VRFB’s riding in to save the day looks to me to be seen - even by FM - still very much several years away - and even then very much dependant on huge new investment being poured in. More than likely why he’s getting shot of BE and has decided to concentrate on the picks and shovels of the main business.
The sooner they announce the details of their plans to sell off BE - and the “re-set” happens, the better imo. Then we might see that the light at the end of the tunnel isn’t a train coming towards us and the market can concentrate on the how profitable the mining business can be without the ball and chain of BE around its neck.
Sept. 21, 2022
Long duration storage solutions stand ready to address a number of needs and scenarios, but market constraints are currently blocking the adoption of technologies other than lithium ion batteries, panelists said Tuesday during the RE+ conference in Anaheim, California.
Current modeling conventions discount the value of long duration storage, and lengthy interconnection queue times could render emerging technologies obsolete by the time they’re ready to be installed, panelists said.
Current requests for proposals typically limit applicants to lithium ion batteries on account of these and other concerns, said Sara Kayal, global head of integrated PV solutions for Lightsource bp. But incentives from the Inflation Reduction Act could change this trend, she said.
With 4-8 hour battery storage now entering the mainstream, long duration storage likely represents the next frontier in the clean energy transition. But getting a project off the paper and into the ground remains a significant challenge, according to participants in an RE+ panel on long duration energy storage.
Rapid deployment of renewable energy means the need for energy storage is growing, and more extreme weather events have further highlighted the need, according to Molly Bales, senior business development manager for Form Energy. Long duration storage could capture curtailed energy and even restart the grid during a black start, panelists said. But the technologies that will fill these gaps won’t come from incremental change, Fluence Vice President of Growth Kiran Kumaraswamy said: they won’t resemble the lithium ion batteries popular today.
“Many technologies are competing in the market today. I don’t think there is a clear favorite yet,” he said. But when the ultimate one does emerge, he said, “it won’t be, here’s what lithium does and this will be marginally better. It has to offer a completely unique economic proposition.”
Ideas to design utility-scale storage from a blank canvas do exist, using technologies from pumped hydro and molten salt to unique battery chemistries, panelists said. But getting demonstration projects adopted so that they can demonstrate scale — particularly utility scale — is another matter.
“Right now in ………….
https://www.utilitydive.com/news/long-duration-energy-storage-re-lightsource/632300/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-09-22%20Utility%20Dive%20Newsletter%20%5Bissue:44717%5D&utm_term=Utility%20Dive&PC=OUTLIOS&FORM=OUTLSB
The geographic split of Group sales in H1 2022 was 45% to the United States (H1 2021: 47%), 27% to Europe (H1 2021: 29%), 10% South Africa (H1 2021: 7%), 9% to Asia (H1 2021: 6%), 9% to the rest of the world (H1 2021: 7%), no sales to China in H1 2022 (H1 2021: 4%).
RNS Number : 1888Z
Bushveld Minerals Limited
13 September 2022
(China do also impose a 13% import duty)
Sept. 20, 2022
New energy storage installations rose across the U.S., with 1,170 MW/2,608 MWh installed in the second quarter of 2022 in spite of supply chain delays, according to an analysis by Wood Mackenzie and the American Clean Power Association released last week. That is the highest amount of new storage added in any second quarter to date.
The residential storage sector saw the most growth, at a record 154 MW/375 MWh of battery capacity added. That is 31 MW more than was added in the second quarter of 2021, with credit given to the Inflation Reduction Act’s Investment Tax Credit.
thanks largely to Texas, which provided 60% of the 2.6 GWh-plus of new storage in the second quarter. But overall growth continues to be dragged down by supply constraints and other challenges, according to the latest U.S. Energy Storage Monitor report by Wood Mackenzie, and the American Clean Power Association, or ACP.
“More than 1.1 gigawatts of projects originally scheduled to come online in Q2 were delayed or canceled, although 61% of this capacity, 709 megawatts, is still scheduled to come online in Q3 and Q4 of 2022,” Vanessa Witte, senior research analyst with Wood Mackenzie’s energy storage team, said last week. “Supply chain issues, transportation delays and interconnection queue challenges were the main drivers behind delays in the commercial operations date for many projects,” Witte added.
But Texas saw a surge in new energy storage.
“Texas overtaking California this quarter [on storage additions] should serve as a reminder that generators, customers, and grid operators in all geographies are increasingly relying on energy storage,” said Jason Burwen, ACP vice president of energy storage.
Residential storage growth outpaced other sectors — commercial, industrial and community — although it too was slowed by supply shortages and rising prices, according to the storage report. However, solar installers are adding storage to their systems because of the federal Investment Tax Credit extension under the Inflation Reduction Act. The law’s ITC for standalone storage “will also boost storage retrofits on homes with existing solar,” WoodMac and ACP added.
Despite ongoing supply hurdles, Wood Mackenzie and ACP project the extended solar and new stand-alone storage ITCs will support 59.2 GW of energy storage capacity additions through 2026. According to ACP’s Burwen, “the question for investors and grid operators now is not whether to deploy storage, but how much storage to deploy – and how fast.
https://www.utilitydive.com/news/texas-drives-record-growth-in-us-energy-storage-market-in-q2-despite-chall/632268/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-09-21%20Utility%20Dive%20Newsletter%20%5Bissue:44671%5D&utm_term=Utility%20Dive&PC=OUTLIOS&FORM=OUTLSB
@ Justdandy, your post is just a pile of nonsense because no- one has a clue what the BE prospectus will contain or even if it’ll be part of the MUST rto. But we do know that BE capex for this yr was $0.9 million, (dollars) …. not £22 million (Pounds)
Phyr7 GmbH, Heidelberg, a specialist for artificial intelligence (AI) based power management solutions, is now a part of the AMG Advanced Metallurgical Group N.V. and was renamed to LiVa Power Management Systems GmbH.
AMG has developed an alternative concept to flatten production-driven spikes of electricity in the form of a large scale “hybrid” lithium vanadium redox flow battery (“LIVA”) which avoids CO2 emissions. The lithium part of the new battery design enables fast discharging including black start abilities. The lithium battery is then recharged by the low-cost vanadium battery which in turn is charged by the grid.
LiVa Power Management Systems will manage AMG’s entrance into this very large market opportunity.
LiVa Power Management Systems is a part of the AMG Advanced Metallurgical Group N.V. which is a globally operating group for critical metals, mineral products and highly specialized vacuum furnace systems including related services with over 3,000 employees and an annual turnover of one billion US$.
https://livapms.com/home
China prices are up again but it’s irrelevant, as we know from the interims there have been zero sales this year and China have got a circa 13% import duty, if ever BMN resumed selling again into that market.
Although it’s been suggested that other markets might rise on the back of China prices that is not happening.
European prices have been dropping and have dropped again, which is far more relevant news for investors, because according to the interims, Europe accounts for 27% of BMN’s V total sales. Currently US prices also still appear to be remaining flat.
That is the true overall market position rather than just cherry picking news about China prices in order to mislead investors.
M.N. pictured this week In the 80% complete ELZ plant that’s claimed to have sent it’s electrolyte to VRFB companies for verification testing
https://www.linkedin.com/posts/bushveld-minerals_bmninterimresults-bmn-vanadium-activity-6975440149459415040-J4Dx
Our vanadium electrolyte plant is taking shape at the Bushveld Electrolyte Company in East London, South Africa. Our team, our EPC and our subcontractors are to be commended for their impeccable safety record to date, with no LTIs or near misses on the project.
Construction is more than 80% complete, and we expect it to enter operations in the first half of next year. Our vanadium electrolyte plant is taking shape at the Bushveld Electrolyte Company in East London, South Africa. Our team, our EPC and our subcontractors are to be commended for their impeccable safety record to date, with no LTIs or near misses on the project
From the interim results;
"BELCO is currently undergoing a qualification process for its electrolyte with VRFB companies in preparation for electrolyte sales next year."
Yep, that’s what they say, but how do they do that from a plant they also claim is only 80% constructed - and as a tweet this week shows, machinery and equipment in the building still totally surrounded by installation scaffolding seemingly proving that to be the case.
How can the market possibly know what to believe?
@Uksteveg, indeed, FM confirmed that they have no contracts for the supply of electrolyte.
Pretty obvious they won't have, because no- one is going to give a supply contract to something produced to a plant that is still only 80% constructed (despite it being expected to be now in its commissioning stage). so doesn’t yet even exist - and a product that hasn’t yet gone through its proof of purity tests and validated to last for 20 plus years. For one thing, no insurance company will touch it until it has passed muster (still expected in H1 next year though) so after that admittance and FM also admitting it will take several years for the ELZ plant to ramp up to its projected per annum production, it’s no real surprise that market capitulation is being seen.
Best thing that could happen now is to get the BE carve off proposals released as soon as they possibly can. After that happens I’m hoping/ expecting for sp recovery to get underway.
@ calamari, “What are RBC doing?
I thought they were hired to do the BE spin-off.”
They said the carve off proceedings have already started and expect it to be completed by the end of the year, so should hear very soon what the proposals are, obviously RBC have not been sitting on their thumbs.
If the carve off is also related to the Mustang rto issues, with all tied together with pretty bow tied around it waiting for the FCA’s to sign it off … it’ll be a tad complicated, as per all normal BMN’s convoluted ownership plans.
Not really surprised where the sp is where it is after that conference call. What we are currently seeing is a well known stock market phenomenon - it’s called capitulation.
Excerpts from BBNs recent tweets: Be aware that BBN isn’t just an excellent PI analysts, he’s first and foremost a trader on Twitter, so will look after his own interests. But these are his current comments:
@BigBiteNow
Further to this the perceived gains from energy storage contracts and electrolyte sales have not materialised.
In fact, Mr Mojapelo stated that the electrolyte plant ramp-up will take several years. That's new news.
So any positive effect from being an integrated play is at best watered down. Meaning that BMN and its share price are solely dependent on vanadium sales for the foreseeable future when many, myself included, expected a far more integrated play in 2023.
To read the whole thread:
Https://mobile.twitter.com/BigBiteNow/status/1570072136009539585
“BE/Cellcube should look to build residential/small business VRFB's in SA as a starting point”
Yes HaleSpur, and those megga small BESS installations is where CellCube with their much touted circa 139 projects around Europe have been operating up to now!
If they started up in the U.K. - such is their experience of small installations in the rest of Europe, I believe they would be in prime position to also grab a hold on our local domestic market which currently no domestic VRRB provider seems to have any position in.
CellCube are the global experts at small battery installations. Easy to see why they are ideally suited to mini-grid type projects.
Things have changed since February.
FM called it a reset, and he was correct, and that, imo, is exactly what is happening.
“ Ramping up to the 200mwh capacity over several years” (analysts call- 39.30mins)
It took a consortium and $30 million funding just to increase CellCube’s manufacturing capacity to a paltry 50mwh level .
Obviously CellCube are not expecting to be going to require anything like 200mwh’s worth of electrolyte for the foreseeable future.
The next step for CellCube - they forecast will be to get capacity up to 150mwh - still nowhere sufficient to tender for any really large BESS projects - that is a massive increase - and how much funding to even get to that still relatively small capacity level will be required for that?
Tendering for major BESS projects around the globe is a pipe dream for a company the size of BMN/BE …. but BE should be able to earn a nice living as a stand alone company, attracting reasonable funding which should allow it to concentrate on getting the African mini- grid market off the ground.
BMN is best of out of it imo- but easily best placed to concentrate and dedicate itself to remaining as the ‘Go To’ mining and vanadium processing company with the additional benefit of being able to also supply electrolyte for any small mini-grid type projects that might happen along by those with the scale, funds and affordability to build them.
By any criteria and by any definition - I think FM has read the runes and understands that keeping BMN as a simple miner/ Vanadium processor, that can supply electrolyte to the battery industry if required- is a very clever move indeed.