Member Info for Lindon

Daisydog... it’s obviously far from being a straightforward buyout due to some rather complex outstanding legalities... those will take time as all such issues do when the legal eagles get involved... and will have to be sorted and pretty bow tied around it resolved before the consortium agree to proceed with their offer to buy.

TORONTO, Oct. 24, 2019 (GLOBE NEWSWIRE) -- CellCube Energy Storage Systems Inc. (the “Company”) (CSE:CUBE), a company focused on the energy storage industry, announces that it anticipates being delayed in filing its annual audited financial statements, management discussion and analysis and related certifications for the year-ended June 30, 2019 (the “Annual Financial Materials”). The Company intends to file the Annual Financial Materials as soon as possible. The delay in filing is a result of a management transition, a change in auditor, as well as finalization of certain purchase price allocations from the prior year end of the Company.

RNS Number : 7416L
Bushveld Minerals Limited
04 May 2020

The Investment Consortium, that includes Bushveld, has completed its due diligence work on Austrian-based Enerox, including technical, legal and financial reviews. The Consortium previously acquired a 24.9 per cent share in the company. Bushveld Minerals will keep updating the market accordingly on developments around the progress and structure of the transaction.

“Mini-grids can electrify thousands of health centres in sub-Saharan Africa”

Jun 2, 2020
https://www.esi-africa.com/event-news/mini-grids-can-electrify-thousands-of-health-centres-in-sub-saharan-africa/

Exclusive interview with Aaron Leopold, CEO of the Africa Minigrid Developers Association (AMDA). He is also part of the speaker line-up and advisory board member of Future Energy East Africa in September in Nairobi.

Long Read....

RNS Number : 7416L
Bushveld Minerals Limited
04 May 2020

· Delays of several months are likely for our projects in South Africa, due to the nation-wide lockdown to mitigate the spread of the virus. For BEC, this means remote work, such as engineering and design and some procurement, can advance as scheduled, with delays likely to start of construction of the civils works for the building. For our deployment projects, impact comes from an inability to source foreign experts to maintain hardware.

In addition, due to Covid-19 nation-wide lockdown there may be delays in the issuance of the Environmental Impact Assessment for the Vametco mini-grid that could extend deployment into 2021.
· In all our projects, we are also budgeting slightly longer supply chain times, including logistics, through H1 2021.

CowboyInvestor, my understanding is the ratio of 5, 000 tons of Vanadium per GWh (don’t forget the ‘h’ ) was superseded by BMN higher graded mixed version to a presumed 4.5 tons per GWh. The V only accounts for around 8% the total mass of electrolyte that’s required per GWh.

Media Report:
Britain’s largest solar farm, with almost 900,000 panels generating enough power for 91,000 homes, is to be built in Kent after the government dismissed concerns about its effect on the countryside.
The developers promise that the £450 million Cleve Hill solar farm, approved yesterday by Alok Sharma, the business secretary, will operate without subsidy and help Britain meet its climate change targets.

The 350-megawatt farm, which is five times bigger than the largest current solar farm, Shotwick in north Wales, will involve covering 436 acres of fields on the north Kent coast with panels, some of which will be built on steel frames almost the height of a double decker bus because of the flood risk.
The total area of the development near Faversham is 958 acres and may include one of the world’s largest batteries to store solar power and help meet peaks in demand.
The project has divided environmental groups, with Friends of the Earth welcoming the project but the Campaign to Protect Rural England (CPRE), Kent Wildlife Trust and the RSPB opposing it. Helen Whately, the Conservative MP for Faversham and Mid Kent, also opposed the development, saying it would have a “devastating” impact by “industrialising” the countryside.

Bill Gates and Richard Branson have their sights on the mining sector — and investment opportunities for startups abound - VanadiumCorp Resource Inc.
“Tech investment won’t tolerate trading on a story — they’ll say prove it or get out of the way”
https://www.vanadiumcorp.com/news/industry/bill-gates-and-richard-branson-have-their-sights-on-the-mining-sector-and-investment-opportunities-for-startups-abound/

The actual release date for the tender details to be issued to interested parties has always been subject to delays and speculation. These Tender details or ‘INVITES’ as opposed to “tender approval” were last touted (pre Covid-19) to be issued sometime in 1Q OR 2Q... not specifically by the end of next week.

Also, IF and when it ever happens... the whole tendering process ending with a announcement of the winner/s will probably then add at least around another couple of months.

... has been off line for a while but returned yesterday. Just seems to have been a ‘makeover’ to a fresh new look... but notice the ‘Mission Statement’ remains unchanged, could be a portent of things about to happen perhaps!
‘Bushveld Energy will become one of the largest electricity storage providers in Africa by 2020’

Wondering if Fortunes recent statement that they can do something about the sp.... and the rather firmly stated “and they will”, is reference to the company to apply pressure at high levels of the SA Gov.
With the end of 2Q looming it’s getting close to crunch time for pushing those tender invites out, and the SA gov’s continued prevarication could be said to be putting the companies future at risk... and by so doing SA risk losing preferential access to the V production volumes if the company focus moves away from a ‘wasted space’ and instead intensifies more strongly on winning electrolyte contracts elsewhere in the world.

Yep 50/1 consolidation... means it needs to now recover back to 83p in order to break even.

Macanman... it’s possible that the differences between the two outlooks may be explained by understanding that Roskill’s is a longer term view which also might explain their more consistent outlook. They are a globally highly respected Independent research company who have no specific direct connections to the Vanadium industry, but in the past have shown a great understanding of the dynamics associated with all aspects of the vanadium/VRFB industry.

They provide the whole metals and associated minerals industries with their sought after reports.. and have no specific Vanadium bias... but also it seems their view is focused more to the medium/longer term prospects for Vanadium and also more specifically they seem predominantly focused more on the mid-2020’s timescale.

Whereas Terry Perles (who is undoubtedly widely recognised as a highly respected expert on the Vanadium industry in general) has strong and very specific direct connections to it also with responsibilities for sales and marketing... but also the recent report from his company, TTP Squared, Inc. seems more focused on the more immediate near term prospects for Vanadium as opposed to Roskill’s more independent and longer term view.

Perhaps both reports should read as part of the DYOR advice and be considered advantageous knowledge info... depending on personal investment risks and timescales.

Vanadium, Outlook to 2029
https://roskill.com/market-report/vanadium/

The medium-term outlook for vanadium will be shaped by several factors affecting both demand and supply. After two decades of a rising steel production, a maturing Chinese economy will translate into a flattening steel production which will gradually slow demand for vanadium. Roskill’s view is that China’s crude steel production is approaching its peak in the mid-2020s. The development of VRB technology appears to be a longer-term possibility to offer a new major source of demand, although Roskill expects this to be limited in scale over the 2020s.

Feedstock supply from China is forecast to show a limited increase as **** producers are getting closer to full capacity while coalstone production remains dependant on technical, environmental and economic factors. Yet, vanadium supply may face a structural change following the new IMO regulations in place since January 2020, which cut sulphur content in bunker fuels. The regulation will translate into an increasing amount of spent catalysts produced by refineries, which will have to be either recycled or disposed. Given a less sustainable outlook for the latter, the share of vanadium produced from this secondary source is set to increase significantly in coming years and production costs are likely to decrease with more oil residues becoming available. The ramp of secondary vanadium supply will be the main source of competition for other new vanadium projects looking to bring product to market.

The developments in supply and demand outlined above have and will continue to reshape the vanadium market over the next decade. Excluding any significant demand increase from VRBs, Roskill forecasts that the current trajectory in the market will see a significant ramp up in surplus supply by the middle of the 2020s.

... site currently off line?

May 13 (Renewables Now) - Hawaiian Electric Company Inc has selected projects for the generation of 460 MW of solar power and close to 3 GWh of energy storage in the largest renewable energy procurement in Hawaii.

May 13, 2020
https://renewablesnow.com/news/hawaiian-electric-picks-projects-for-460-mw-of-solar-3-gwh-of-storage-698635/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202020-05-13%20Daily%20Dive%20%5Bissue:27312%5D&utm_term=Utility%20Dive

More specifically, the company has chosen 16 solar-plus-storage or standalone projects on Oahu, Maui and Hawaii Island as part of its transition to using 100% renewable power by 2045.

The winners on Oahu are eight solar-plus-storage projects and one standalone storage project with a combined capacity of 287 MW of generation and 1.8 GWh of storage. On Maui Island, there will be three solar-plus-storage projects and one standalone storage project totalling 100 MW of generation and 560 MWh of storage, while on Hawaii Island, two solar-plus-storage projects and one standalone storage project were awarded for a total generation of 72 MW and 492 MWh of storage.

Among the above-mentioned projects are two proposed by Hawaiian Electric itself -- a 40-MW/160-MWh standalone energy storage system on Maui and a 12-MW/12-MWh storage system on Hawaii Island. The company said it was unsuccessful with three other proposals. The state’s Public Utilities Commission (PUC) had appointed independent observers and a technical adviser to make sure that all offers were reviewed fairly and objectively, the statement says.

Hawaiian Electric noted that proposals for Molokai and Lanai have later deadlines and information for them will be published during the summer.

The next step in the process is to negotiate contracts with the developers of these projects, after which the PUC would have to approve said contracts, Hawaiian Electric explained.

The company pointed out that the winning schemes, if implemented, would increase the total solar capacity on the Hawaiian Electric system by more than 50%. It warned that due to the COVID-19 pandemic, delays in completing the projects are not ruled out. Still, currently it is expected that the first of these projects will be finalised in 2022.

New York City ratepayers shelled out $4.5 billion in capacity payments in the last decade to keep 16 fossil fuel-based peaking plants available, according to analysis by environmental justice group PEAK Coalition.

May 12, 2020
https://www.utilitydive.com/news/replace-nyc-peakers-with-renewablesstorage-plant-owners-say-theyre-worki/577742/

The group -- which includes New York Lawyers for the Public Interest (NYLPI), NYC Environmental Justice Alliance, and Clean Energy Group -- says peakers can be replaced by a system of localized renewable energy generation and battery storage that will reduce carbon output, lower customer bills and improve public health and equity.

The resulting electric grid would also be more resilient to storms and climate impacts, the group says.

"Now is the time to invest in a renewable future and in the health of frontline communities," Rachel Spector, who directs NYLPI's environmental justice program, said in a statement. "Prioritizing replacement of highly polluting peaker plants with renewable energy and storage is a test of New York’s commitment to the equity goals in the Climate and Community Protection Act passed last year."

Passed in June 2019, the law set New York on a path towards carbon neutrality by 2050.

The group says the city's peaking plants run only a few hundred hours per year, when the city's electricity demand is at its highest and energy most expensive, and recommend the facilities be replaced by distributed energy resources (DER) and energy storage that would not emit greenhouse gasses.

Plant owners say much of that work is already being done.

Does this have any actual significance for the renewable projects tendering processes we are waiting for... last officially stated as expected to be issued at latest by end of 2Q?

Long Duration Energy Storage Projects:

May 13, 2020
https://www.esi-africa.com/industry-sectors/generation/kibo-energy-secures-land-for-energy-storage-projects-in-mozambique/

Power solutions company Kibo Energy announced that it has successfully acquired additional land adjoining to the Benga Power Plant Project in the Tete province, increasing the total project area with an additional 345 hectares.

Alongside hosting a 150-300MW thermal power plant, which is being developed as part of a joint-venture agreement with local energy company Termoeléctrica de Benga, the expanded land holding provides room for the intended renewable and long-duration storage energy projects in line with Kibo’s commitment to creating reliable, long-duration storage energy projects.

“We firmly believe in the significant value potential of Benga following the extensive feasibility work and technical studies done to date and it is as a result of this that we decided to expand our land title; this enlarged landholding will enable us to establish the planned thermal power plant whilst also providing room to build renewable energy projects with long-duration storage, in pursuit of our strategy of focused and deliberate transition away from fossil fuel-based energy solutions.”

They have never said they would pay a divi... they only said they intended to outline a future divided POLICY as part of a capital structure review. Loose words from the bod that gave the divi issue a ‘hype life’ of it’s own that a payout was ‘imminent’! ’

They have approval to buy up to a stated total number of shares limit. But my understanding is a bod has to inform the market of their intention to exercise a buy program under the approvals they have been given before embarking on the exercise. They have to state how many they actually intend to buy, what the intentions for those share are (cancellation or held in treasury). They also have to issue a daily report on how many they have bough the previous day because the amount has a rolling impact on the holding percentages and therfore holding disclosures of other shareholders.

Sounds more like a cabling laying extension to establish a 33- 11kv step down transformer substation at at BMW’s site.
Could be the extra load that is expected at Crowley as a result of the superhub project requires a need to establish another 33kv sub in the area?