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Bushveld Minerals, which is listed on the London Capital Markets, announced that its 84%-owned subsidiary, Bushveld Energy, has commissioned Eskom's state-owned power company to carry out a vanadium Redox flow battery (VFRB) project, including on-site acceptance testing. After the project is completed, the unit's maximum power generation will reach 450 kWh. Mikhail Nikomarov, chief executive of Bushveld Energy, said the company and Eskom's state-owned power company have completed the first energy storage project in Africa. This allowed Bushveld Energy to expand its project development capabilities in the fourth quarter of 2018. And the company is more confident to develop a more complex project, including hybrid solar power and vanadium redox flow battery (VFRB) storage technology. The company has launched a 1 MW small-grid vanadium mine development at Bushveld Minerals in Vametco, using vanadium redox flow battery (VFRB) technology to combine solar photovoltaic power generation with energy storage. The electricity is then delivered directly to the mine's internal distribution network. Mikhail Nikomarov, chief executive of Bushveld Energy, also said that the mini-grid project will showcase long-term vanadium redox flow battery (VFRB) systems with renewable energy. Combine superior technical advantages while providing business returns to investors. It will also use locally mined and synergized vanadium, indicating that the Vanadium Redox Flow Battery (VFRB) energy solution can create more possibilities for South Africa than any other energy storage technology. At the same time, the company also developed vanadium electrolyte production equipment, including the purchase of 2 tons of vanadium into electrolyte. The conversion process is currently being enhanced. He also said that the market demand for vanadium electrolytes is growing enough to install a 2 megawatt-hour capacity facility in South Africa. At present, Bushveld Energy's goal is to implement a 10 million megawatt project in Africa by 2020.
https://theenergyst.com/oxford-goes-large-hybrid-storage-evs-heat-pumps/
There is no doubt where this is going: https://cosmosmagazine.com/technology/power-shift Industry analysts are forecasting annual demand for VRB systems to rise to between 18,000 and 27,500 MWh by 2027, or about 25% of the energy storage market. “This technology is starting to achieve cost parity with lithium-ion at a systems level after only five years of development – compared with the more than 25 years that lithium-ion cells have been in production,”
Obviously nobody likes to be losing money, but moaning that you got in at a certain price and it’s dropped below that.... well I’m sure you’re all big boys and girls and know that this is a game where you can win and lose. If you can’t take it when the price drops then I suggest don’t bother. This share has had its drops and reached new heights. If you don’t think it’s going to reach new heights then get out.
Apolgise if this has already been posted. https://www.greenbuildingafrica.co.za/sa-energy-minister-encourages-mining-sector-to-adopt-renewable-energy-technology/
Personally I’m quite happy where the share price is today. The slightly off production figures is not a great concern. (I know it’s not great to miss these figures) but they now know what they have to do and they’ll learn from this. There is so much up and coming news that IF they get it right then the only way this can go is up. I am under no illusion that we won’t have further issue along the way, but that is just part of any growing business. I still stand by my £1 prediction in September. I can’t remember the exact date I said now. But everybody knows that the milkman always delivers. Milkman
I also couldn’t be bothered in the slightest. I’ve held for 3 years and I’m happy to hold for another 5 as I know where this is going. These dips don’t scare me nor should they scare any investor that has done the right amount of research. If you’re worried now simply just do more research on the company and I guarantee you will be less worried by the day
I think what he is trying to say is don’t get too hung up on the day to day and that if you did switch off for 6 months and looked back then you would be handsomely rewarded. Although I wouldn’t advise switching off for 6 months