Member Info for Lindon

Although it's only now that BE's was involved in this project it's actually been up and running for quite sometime. The Electolyte for these batteries will undoubtedly been sourced from BM and supplied to a third party to convert into the magic juice... probably one of our Chinese friends who did the deed! We probably won't have much short term financial benefit from this deal, which is why imo, the sp hasn't shot up today... but when the implications start to sink in, then look out!

jonnygunit... imo, the last paragraph in that article indicates the importance of this RNS:
microgrid/

Avalon, for its part, is thrilled to have delivered the world’s first flow battery project where the vanadium electrolyte is rented, not sold as part of the battery.
This type of model has been discussed since I joined the vanadium flow battery industry back in 2005; only with real commercial applications like Sandbar’s becoming a reality is the model ready to be implemented.
Of course, getting the volume of vanadium electrolyte that will be required to fill future market needs will require the collaboration of a great team of vanadium battery producers, suppliers and financiers; I’ll leave that discussion for a future blog post.
And how has this groundbreaking solution worked to date? Since November 2018, Sandbar’s facility has been up and running totally independent of the grid. While winter weather in Santa Cruz isn’t always sunny enough for the full facility load to be delivered from the solar panels, in the first three months of operation the on-site natural gas generator has had to run only infrequently to top off the batteries when solar gain is insufficient.

**With its new facility up and running, Sandbar is looking to grow its business faster than ever in 2019 – with a new, potent offering of grid-independent solar, durable batteries and integrated controls to give its customers the same advantages the new facility enjoys.

Fabulous news, proves the market for theis nectar is global and expanding fast, its gonna be leaping forward now to get its hands on the financial and legal implications of this agreement .
The demand for this lovely juice to be produced for the batteries promises to be phenomenal. Now BE need/gotta get moving fast over East London way and get that chemical plant built asap.

Well done buddy! Any comment., any insult, any factually based comment... no-matter how well meaning... simply puts a great big smile on a Trolls face... it deems EVERY reply a successes and it laughs all over its face!

There is ONLY one way to stop giving it the attention seeking its after.... use the ignore button!

Filtered from the off... hope no-one else gives the troll the attention and the platform it's obviously seeking!

There have been many pleas about ignoring the trolls and those pleas have been totally ignored... surely now time to practise what's so many have pleaded for?

Alistair, we had what could pretty much be called a combined 2018 Q4 and 2019 Q1 update at the very end of March... I would be surprised to see yet another BE quarterly date much before before early July and that to be Q2 update.
Hopefully by then they will be able to state that the electrolyte samples have been sent off, the and the battery upgrades were successfully installed... and the trial period for the battery has been progressing as planned.

And a more recent article... May 15 (Renewables Now) -
https://renewablesnow.com/news/germanys-schmid-plans-saudi-energy-storage-jv-with-gw-scale-production-654087/

German technology group SCHMID and two Saudi investors plan to form a joint venture in Saudi Arabia to develop and manufacture vanadium redox flow batteries (VRFB).

SCHMID said on Tuesday that it has signed an agreement for this JV with Riyadh-based Nusaned Investment, which is owned by SABIC, and the RIWAQ Industrial Development Company.

The trio will seek to create a “champion” in the utility-scale energy storage segment, with plans for a GW-scale manufacturing facility in the Kingdom. This complex is expected to enter production in 2020.

The new company will also rely on research and development facilities in both Germany and Saudi Arabia.

The Kingdom targets installing 57.5 GW of renewable energy capacity by 2030 and the JV partners consider utility-scale stationary energy storage to be critical in stabilising and connecting this new power generating capacity to the grid.

Tihis collaboration was orgionaly announced last October.
https://www.refiningandpetrochemicalsme.com/petrochemicals/24156-sabic-schmid-and-riwaq-ink-collaboration-at-future-investment-initiative

At the FII forum in Riyadh, Saudi Basic Industries Corporation (SABIC), SCHMID Group and RIWAQ announced their collaboration for establishing a KSA-based joint venture with the support of SABIC NATIONAL initiative ‘Nusaned’ focusing on manufacturing and technology development in the fields of advanced silicon materials and large-scale energy storage solutions utilising SCHMID’s redox flow technology, for which the companies signed a Memorandum of Understanding (MoU).

SABIC, SCHMID and RIWAQ ink collaboration at Future Investment Initiative.

Headquartered in Riyadh, SABIC is one of the top three largest global chemical companies with more than 40 years of organic and inorganic growth. SABIC has global footprint serving its clients in 100 countries while operating in 50 countries across Americas, Europe, Middle East, Africa and Asia-Pacific.

RIWAQ is a company based in KSA and active in the field of industrial project development, focusing in strategic sectors that capitalise on Saudi Arabia’s valuable raw materials and future industries.

Founded in 1864, SCHMID Group is a technology leader in the electronics, photovoltaics and energy storage markets, offering customers innovative systems and automation solutions that address their production requirements. SCHMID Group, with its headquarters in Freudenstadt, Germany, has 1,000 employees globally. The group owns technology centres and manufacturing sites in Germany, China, Turkey and the USA, and supports customers with more than 17 worldwide sales and service locations.

https://www.fin24.com/Economy/business-civil-groups-to-ramaphosa-shrinking-cabinet-is-not-enough-now-ministers-must-deliver-20190530-2

No time for Eskom
The banking association also had strict instructions for Public Enterprises Minister Pravin Gordhan, noting that the minister had made little progress in resolving the challenges at Eskom. "There is no time left for patience and studying and understanding the problems at Eskom, when much of this work has already been done, and every day increases the company’s debt burden and operational inefficiencies," BASA said.

Banks are willing to support public enterprises, but there needs to be a sustainable business case, BASA explained. "Banks cannot be expected to risk the money of their customers on unsustainable companies to which the state is ideologically committed."

BASA also warned Minister of Trade and Industry Ebrahim Patel, charged with facilitating growth of business and investment, not to deal with "poor policy enforcement" by piling on more regulation which causes policy uncertainty.

Robbo666.... as in the rest of the word including developing countries... there is a wholesale rethink going on in the USA... state after state are reporting the cancellation of investment plans in fossile dependent energy generation and joining the green renewable and storage revolution.

PacifiCorp’s IRP already calls for more than $3 billion in investment into renewables over the coming years, including the addition of up to 1,200 megawatts of new wind power in the Pacific Northwest and Rocky Mountain regions, along with major new transmission lines to carry it westward.

Parent Berkshire Hathaway Energy, whose other utility subsidiaries include MidAmerican Energy and NV Energy, is the country's second-largest owner of wind capacity, with nearly 8 gigawatts clustered in Iowa and Wyoming, according to the American Wind Energy Association.

In last week’s economic analysis, PacifiCorp also revealed for the first time that it will be considering a major investment in standalone energy storage for a majority of its early-retirement replacement plans.

https://www.greentechmedia.com/articles/read/pacificorps-march-from-coal-toward-clean-energy-alternatives#gs.f6bjps

Gigawatt-scale solar-plus-storage facilities are quickly becoming the "new norm," following similar announcements out of Arizona and Puerto Rico this year, Finn-Foley said.

"Based on what we are seeing out of Arizona, Florida, Puerto Rico and Hawaii, you can draw a line across the sunniest parts of the U.S. and find where solar-plus-storage has begun to outcompete natural-gas peakers," he said. "As battery costs continue to drop and incentives are rolled out, expect that line to creep farther and farther north."

https://www.greentechmedia.com/articles/read/florida-power-light-to-build-409-megawatt-solar-powered-battery-system#gs.f6a21x

Hi extrader, things are VERY rapidly changing!

At the start of 2017, China announced that it would invest $360 billion in renewable energy by 2020 and scrap plans to build 85 coal-fired power plants.

In March, Chinese authorities reported that the country was already exceeding official targets for energy efficiency, carbon intensity, and the share of clean energy sources.

And just last month, China’s energy regulator, the National Energy Administration, rolled out new measures to reduce the country’s dependence on coal.

https://www.weforum.org/agenda/2017/08/how-china-is-leading-the-renewable-energy-revolution

https://www.weforum.org/agenda/2018/02/countries-behind-global-renewable-energy-growth

https://www.weforum.org/agenda/2017/07/china-megacity-xiongan-renewable-energy

sgreeen... fair comments, the only real risk I can see is coal and fossil fuel type energy generation has very rapidly become a dirty word in the states, even in the last few months there has been a massive change in generation 'climate' There is a global re-think going on and there is a very radicle sea change in process in energy generation industry, the fall out could conceivably be perceived to have a knock on effect on the companies reputation and make them decide to back away from schemes like this. I wouldn't be surprised to learn that the delays in signing are due to a corporate rethink at GE.

I don't think it will, but it's possible GE might decide to make a corporate decision to disassociate the company from the dirty stuff.

I doubt China will be too concerned but even there.... renewable forms of generation and battery storage are taking off big time! In fact it is actually China that is leading the world into green energy and storage forms of energy generation.

South Africa is going for it big time!

Cancellation of old style energy generation schemes are being reported across the world virtually every month, they are falling out of fashion at very rapid rate of knotts and plans are being redrawn and replaced by renewable types of generation and battery storage schemes. Green energy generation and storage has become cheaper and more efficient than other forms of generation and is becoming front and centre of virtually all energy generation schemes across the globe.

South African President Cyril Ramaphosa has been sworn in before a 30,000-strong crowd, vowing to create jobs and tackle deep-rooted corruption.Mr Ramaphosa, the country's fourth democratically elected president since the end of apartheid, took the presidential oath in a packed Loftus Versfeld stadium in capital Pretoria."Today our nation enters a new era of hope and renewal," said the 66-year-old, flanked by foreign leaders including Congolese President Felix Tshisekedi and Chinese Premier Li Keqiang.Mr Ramaphosa, who urged South Africans to forge "a state that is free from corruption", admitted the challenges facing the country "are huge and are real but they are not insurmountable".Thousands of supporters gathered at the Loftus Versveld stadium in Pretoria© Reuters Thousands of supporters gathered at the Loftus Versveld stadium in Pretoria"They can be solved and I stand here to say they are going to be solved," he added.Mr Ramaphosa's African National Congress (ANC) clinched a 57.5% majority in a general election earlier this month, down from 62% in 2014, as voters turned against the ruling party due to revelations about government corruption and record unemployment.The challenges facing Mr Ramaphosa were highlighted on Friday by the resignation of Eskom's chief executive, who quit only a year since he was appointed in a bid to stop nationwide blackouts.https://www.msn.com/en-gb/news/world/huge-challenges-as-south-african-president-is-sworn-in/ar-AABTOcK?li=BBoPRmxALSO!!!! It would be really, really great if the LTH on this board would STOP feeding the Trolls and giving them an excuse to keep posting their BEARS pov's. Although the bears are just as entitled to post their views as anyone else on a public bb... It's VERY boring for regular readers having to continually have to read through all the crap before finding if there's been any intelligent opinions posted. Many well known LTH's such as BBN have asked for the same... and it's really disappointing that those requests are continually ignored. MOST members and readers of the posts on this bb are ADULTS and we don't need to be lead round and round in circles by these continuing infantile arguments! There is an IGNORE facility on this BB.... PLEASE, PLEASE use it... and STOP these ever, continually boring comments. Try practising a well known and VERY wise POV... "A wise man once said NOTHING"!

On the face of it, the RNS didn't really tell us about anything that we weren't already expecting except for the timing of the upcoming yr end financial statement. However... "The Company confirms that it is not aware of any corporate developments that support such a movement".... can imo be taken as a rather good update that all is also well with BE and that the Eskom battery trial is proceeding on track as planned!

Anyone know if VECs appeal against the UK adjudication has started yet or when it's scheduled to start?

Extract from full year results statement:
GSK litigation.
As previously reported in December 2018, the UK High Court ruled in favour of GSK in an action based on certain additional Vectura patents which GSK previously had an option to take a licence to under the patent licence and option agreement with Vectura dated 5 August 2010 and which they chose not to exercise.

Having taken advice from experienced advisers on the issues covered in the judgement an appeal process has been initiated.

The judgement applies only in respect of the UK patents and does not directly affect the proceedings which Vectura commenced against GSK under its US patents.

There is no impact on the timing of US litigation; the Group still expects the US jury trial to go ahead in April/May 2019. The Group will provide an update on these litigation actions in due course. (which of course it did with great results!)

Be good if they can now also win their UK IP appeal! GSK on the run! :) :)

Flutiform sales in Japan.... Y13.1b yr end to March 2019, beating Kyorins target of 12.3b by 6.5% and last years sales
by 10%.

Targeting Y14b for this year.

https://www.kyorin-gr.co.jp/en/ir/pdf/20190514_presentation_doc.pdf

'Eskom of the future is already dead in the morgue' - energy experts
16 minutes ago Fin24

Energy expert Ted Blom, who serves on the Presidential Task Team on Eskom, says the Eskom of the future is already "dead in the morgue".

Blom was speaking along with fellow energy expert and task team member, Dr Grove Steyn at a panel discussion at African Utility Week on Tuesday
The overview of the panel discussion was contained in a statement issued by African Utility Week and Powergen Africa. The event comes to a close today.

'Dead in the morgue'
“Eskom’s governance has collapsed. We don’t know who is running Eskom because it certainly does not look like it is the board. All it can be is a third force,” said Blom. “We simply do not know who is held responsible because it is not maintained properly and not run properly. So, in terms of Eskom of the future – it’s already dead in the morgue. All we are throwing money at is for more people to be corrupt........ "

'Drastic Changes'
For Eskom to move into renewable energy, it will require "drastic changes.... "

https://www.fin24.com/Economy/eskom-of-the-future-is-already-dead-in-the-morgue-energy-experts-20190516

ANC win positive for financial markets.
25 minutes ago Mike Cohen and Amogelang Mbatha, Bloomberg

https://www.fin24.com/Economy/anc-win-positive-for-financial-markets-20190511

The margin of the ANC’s election victory is within the range anticipated by most analysts and has buoyed financial markets. President Cyril Ramaphosa is now expected to implement structural reforms to revive an economy that has expanded by less than 2% annually for the past four years.

The rand gained for a fourth straight day against the dollar on Friday, advancing 1.3% to 14.1597. Government rand bonds firmed.

The ruling party has Ramaphosa to thank for halting its decline. The ANC won 57.5% of the votes cast in May 8 national elections, the final tallies show. The party looked to be in danger of losing its majority when its support slipped to a record low of 54.5% in municipal elections three years ago, as many of its supporters boycotted the vote in protest at then-President Jacob Zuma’s immersion in a series of scandals.

YTSS... it seems there's been at least one big lump disposing in the background for several months.... maybe more than one. Many millions of shares have been disposed of. It's possible that it's one or more hedge funds working together have been slowly hovering up the sales. It's such typical hedgie activity that keeps an sp depressed below normal expected values.... and somewhere down the line when a sufficiently large percentage of stock has been acquired.... seemingly coming out of the blue.... an offer is made.
It may not be the case here.... but I've been very suspicious for a while that the sp has been deliberately held back for a reason... and this latest 'event', coming as it does as so soon after that RNS was issued... it seems to me to be a further extension of that deliberate activity. My problem is, I'm naturally suspicious due to having experienced this sort of puzzling activity before... this is following a very similar pattern to one of my Pharma stocks.

Endion... I have other holdings which are registered as having some shorts.... and in all cases they show what the previous level was (even it was below the 5% minimum) and the date that change took place. But whatever the case... even if WAS only a threshold crossed... I don't believe for one second that this was the result of ignorance of the RNS or through a 'mistake'. I believe it's more possible that it was deliberate and this hedge fund has a vested reason for keeping the sp depressed imo.... and the only reason I can think for that.... is a prelude to a possible bid to see the books!