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There are reports out there that the death till is way higher. Don't know if this is just conspiracy theory, but worrying nonetheless.
https://www.taiwannews.com.tw/en/news/3871594
There was mention of the first installation by Dec 2020 which seems ultra tight so they need to be getting on with it sharpish. Although that must massively skew the decision BMN's way. I don't know of anyone else with the local presence etc who would be able to deliver.
One intriguing point about the leasing model is the question of how the residual value is ascertained. With traditional leases for items of plant, say a forklift, the dealer has an obligation to buy back the asset in say 5 years time at a value of X - which could well be 10% of the original cost. However one assumes that electrolyte will not depreciate in a similar manner - its residual value will fluctuate wildly depending on the underlying V price - but how can that value in 20 years time to be determined today?
Please do correct me if I am wrong, but it seems to me that if BMN wins the Eskom tender then this project alone will suck up the equivalent of ALL BMN's annual V output. Surely there only needs to be a few of these projects on the go to create a significant supply deficit and major upward pressure on price? In fact will the V price not immediately leap as soon as the news is announced?