Member Info for Mkx007

They haven't last time I checked...Unless Governor Cuomo hasn't changed something recently. They just modified the standards which makes it quite difficult for lithium batteries to be installed without a bunch of safety measures.

This is true. Maybe i'm still rooted in the theory that a company has to have a reason to rise. Although sometimes buying and selling the rumour has proven to be a profitable endeavour. As a long term advocate for flow batteries, I really want them to do well. I just don't really see it yet.

Firstly, there have been 28 fires in South Korea since 2017. You can't link "battery safety" and "korean fires" together. The systems there were rushed to be installed as a result of subsidy schemes ending. Bad batches of batteries have also been cited as a potential causer and so too are the BMS systems that were meant to manage and prevent fires. Using an analogy it's like building a premium car using sub-standard parts and then driving it on a road apart from the driver is drunk then expecting the driver to stop before they hit the wall. Problems are going to occur.

In reference to the fire in Arizona, the enclosure was opened by fire-fighters who were not trained in handling battery fires and thus were burnt. Correct training and standards have now been applied across the board in USA - some potentially being overkill. As in the point above, assuming correct use and installation was followed - there is no risk of repeat fires. Systems are regularly checked to assure safe operation.

Finally, flow batteries are inherently safe, there is 0 risk of fires, from problems with equipment to problems with the electrolyte.

Conclusion - none of this has supports why the share price has doubled in the passed 2 weeks. Where are the projects? Where are the orders? If the share price is rising...what is coming? 100% cant be the Oxford hub order and I'm almost certain the German contract has been shelved in favour of lithium battery boosters.

If that is the case then really the VRB is the best solution. Paired with solar so at least 1 cycle per day and duration is key not power. Therefore VRB wins over lithium assuming the capital costs are equivalent.

@fatbanker - VRFB are inert so they are more likely to put out the fire than add to it, as for causing one, virtually impossible and it will most likely be an electrical fault.

Lithium cannot just be referred to as lithium. LFP are safer than NMC (most cars) and NCA (Teslas) but aren't as good from a technology perspective. You also have LMO, LCO, LTO and a range of others that all carry a certain risk - but as I'm said before if operated correctly; wont catch fire.

Use the example of a candle in a barn in summer. Perfectly safe if operated correctly, if you mess about with it or let it burn close to the ground (High depth of discharge) the risk is significantly higher.

I enjoyed that one. Kudos!

@yellow1 yeah sure and operating temperature of 300 degree isn't a fire risk.

The lithium fires in South Korea and Arizona were the result of bad installation/operation/poor cells.

Should the BMS operate the battery correctly then there is no real reason for a fire. which is why the IHS Markit is predicting 11 GW of mostly lithium to be installed by 2025.

Excellent, someone with some understanding on the energy storage market and flow batteries.

Correct, the digital inertia provided by flow batteries is roughly 30-36 times that of conventional generation therefore for a frequency response application (duration sub-1 hour) then battery storage is the way forward. Lithium or flow, it doesn't matter as long as the response time is sub second which allows the system to recovery faster. As seen during that outage when the system frequency dipped, batteries discharged, the frequency spiked, batteries charged, frequency dipped (on second outage), batteries discharged and then the support capacity came back online.

The only issue we have here is that the cost of capacity. Flow batteries have a lower cost of storage as they typically favour longer duration but have lower energy density that lithium making them poor power producers. Once you enter the realm of long-duration storage and seasonal storage. Highview and the CAES/LAES players start coming into the picture.

In reference to the projects. Yes, I was seeing if someone had actually done some research rather than consistently reference what is essentially a dead project. I'm excited my Invinity but assuming they will be targeting FFR in the UK is ridiculous as the market is saturated. The next best markets are the USA and Australia and I've heard nothing about projects starting there. So my conclusion - no reason for the share price to double.

Yes, I'm aware of the project that was announced in 2016 and has spent the past 4 years doing nothing and is yet to break ground on phase 1. 100 MW has been accomplished by Fluence and Tesla/Neoen as well as a few others players. NGK have a massive sodium sulphur project already built.

Please point me to an example of a multi-MWh scale flow battery that has been built in the last couple of years?

No. Not even close.

The response required to balance the outage UKPN suffered last year - which plunged London into darkness was in the order of 1.8 GWh - in the space of 30 mins around 500 MW of (lithium) battery energy storage responded and helped get the grid back online. The equivalent volumes needed for this company to achieve that kind of impact is huge.

Not saying it's impossible but it warrants a massive amount of investment and yes flow batteries are a much better long duration solution to lithium but are nowhere near the scalability yet. Now I could be wrong but there is currently nothing to support the share price rise apart from for 3 reasons. Background buyer loading up because they love the tech, someone in the know - knows a contract/installations is coming or (unfortunately) a pump for placing as the company need more funds to expand.

I mean even if you were taking it on face value...you have options in a company worth 4p - current share price is 13x that price...YES PLEASE EXERCISE MY OPTIONS

The share price drops for what? Offer goes from 3.7 down to 3.1 for no reason...3 trades in the day result in a 9% swing. Utterly ridiculous. Whoever is trying to "make a market" really does suck at it.

If AC has taken some of the funds from the bank and dumped it into some COVID stocks and is now sitting on loads more cash ready for the next investment.
Now that would be amazing!

I have seen several similar comments on the topic of demand for testing slowing down.
Personally, I won't be returning to work, using public transport, going to mass gatherings until I know I have at least some defence against the virus. AVCT and ODX, are the anti-gen/anti-body test kits that will become commonplace in the near future. Beyond 2021 we may encounter something similar but for now. Test everyone and find out who is really at risk!

ODX over UEX? Yeah for sure. There's no telling when this will land...if it will land.
Death rates dip at the weekend for the UK and always higher on a Tuesday therefore COVID and specifically testing plays are still very much in focus.

Yeah I agree it's not GGP. Like many here we either bought into GGP and sold out or are still holding to get the direct interest. PRIMS main play is Engage - GGP is just a sweetener

Rupert adding more to his position. Up to 14.3% now. Decent holding!

Something must have been leaked if there a was a buy at 3.7? That's comfortably above the offer and it's substantial!

2 x 300k buys marked as sells. Wouldn't have said they were caught out but the tick up from 3.2 to 3.5 would suggest they don't have much to sell.

Lol...good joke there Taff8! Not a chance this is a 100 bagger.