Member Info for mogwhy

The key conclusions of the FLO-MAR project can be found here.
https://www.mseinternational.org/projects/?story_id=153

and you can download the full presentation here
https://tinyurl.com/y2n8jtsn

The BE website that be reached from www.vrfb.co.uk is not the same as the official one at https://www3.bushveldenergy.com/
Last year I complained about and highlighted numerous typos and capitalized words in the website and this now appears to have been attended to in the "test website".
It would be good if everyone could compare the two and see if you can find any significant changes.

If I recall correctly, there wasn't much content on the website when I last looked, maybe a few months ago.
It's only recently that BE have taken it over.

Not sure of the significance of this but if you go to
www.vrfb.co.uk
you now get redirected to BE.

No, I've optimistically assumed that VRFBs will capture 50% of the tenders.

The 3 newly added Dalian projects are due to be commissioned in the next few months.
It's hard to get data on China projects but I'm guessing all the other projects will be spread out over the next 5 years.
Commissioning of phase 1 of the 800 MWh Dalian project is now delayed until mid-year.

Some useful intel came out of the Vanitec ESM about current and proposed VRFB projects in China. The updated list includes 3 more projects under construction by Rongke in Dalian and a new 200 MWh project for VRB Energy.

Utility scale planned VRFB projects (4.5 tonnes of V per MWh)

1,000 MWh------- China - Jiangsu TianWan nuclear station (4,500 tonnes)
1,000 MWh------- China - Jiangsu offshore wind integration (4,500 tonnes)
---800 MWh------ China - Shijiazhuang (3,600 tonnes)
---500 MWh------ China - Hubei Zaoyang Ph 2 (VRB Energy) (2,250 tonnes)
---400 MWh------ China - Dalian (Rongke/UET) stage 2 (1,800 tonnes)
---400 MWh------ China - Yancheng (Shanghai Electric Group) (1,800 tonnes)
---400 MWh------ China - Wuhan (1,800 tonnes)
---320 MWh------ Eskom BESS phase 2 (1,440 tonnes max)
---300 MWh------ Australia - Pangea, Port Augusta (CellCube) (1,350 tonnes)
---200 MWh------ China - VRB Energy project TBA Q1 2021 (900 tonnes)
---180 MWh------Bushveld Minerals self generation project (810 tonnes)
---166 MWh------ Eskom BESS phase 1 package 2 (50%) (747 tonnes max)
---160 MWh------ Eskom BESS phase 1 package 1 (50%) (720 tonnes max)
-----82 MWh------ Eskom BESS phase 1 package 3 (50%) (369 tonnes max)
-----60 MWh------ China - Hongyanhe, Dalian (Rongke) (270 tonnes)
-----51 MWh------Japan - Abira Town Hokkaido (Sumitomo Elec) (230 tonnes)
-----40 MWh------ China - Tuoshan, Dalian (Rongke) (180 tonnes)
-----40 MWh------ China - Lejia, Dalian (Rongke) (180 tonnes)
-----40 MWh------ China - Wafangdian Zhenhai W/farm (Rongke) (180 tonnes)
-------?--------------China - VRB Energy / Hanloon Energy power station

One off total of 27,626 tonnes of vanadium required
Global vanadium production in 2019 - 111,225 tonnes

somtam87 - fyi since I uploaded the BMN / vanadium price graph last week, it's been downloaded 132 times.

https://uk.investing.com/search/?q=Vanadium&tab=quotes

https://uk.investing.com/commodities/ferro-vanadium-80-min-united-states-futures
https://uk.investing.com/commodities/ferro-vanadium-80-min-europe-futures

No problem. Use it for whatever you want.

We've potentially got up to 5 partnership announcements to look forward to in the next few weeks or months.
1. An OEM VRFB manufacturer (Rongke Power?) for the Eskom BESS phase 1 package 1 tender.
2. A (South African?) OEM solar PV manufacturer and installer for the 2GW Risk Mitigation IPP tender.
3. A (South African?) OEM wind turbine manufacturer and installer for the 2GW Risk Mitigation IPP tender.
4. An OEM VRFB manufacturer (Enerox?) to set up a production facility in South Africa to service the above tenders.
5. An existing or new partner to bid in the 5th round of the 6.4 GW Renewable Energy Independent Power Producer Program (REIPPPP) which includes 513 MW of storage.

Lots to look forward to in the short term.

From page 14.

Technology risk. Many battery technologies are still under development. Battery technologies,
however, are inherently hazardous as they utilize materials that could potentially react violently
with each other. A primary focus has been on the fire hazards associated with Lithium-ion
batteries and the potential for a condition known as thermal runaway, which results from internal shorts inside a battery cell and can ultimately lead to the battery catching fire or exploding.
Mitigants. Technology risks will be critically evaluated. IFC will ensure proper planning, risk
assessment, storage methods, and response protocols are in place to manage technology risks.

Here's a larger easier to see graph showing the BMN price lag.
https://www.mediafire.com/file/rn7eaxr6l4df2s6/Ferro+Vandium+vs+BMN.JPG/file

GLR1990 - add in all the small scale IES type projects as well and you can probably double that vanadium requirement.

VRB Energy / Hanloon Energy power station project added to the list, as although there's no details yet, it appears to be a large scale project which will require large amounts of vanadium.

https://tinyurl.com/y2gplkyf

VRB Energy https://vrbenergy.com/gw-class/

Utility scale planned VRFB projects (4.5 tonnes of V per MWh)

1,000 MWh------- China - Jiangsu TianWan nuclear station (4,500 tonnes)
1,000 MWh------- China - Jiangsu offshore wind integration (4,500 tonnes)
---800 MWh------ China - Shijiazhuang (3,600 tonnes)
---500 MWh------ China - Hubei Zaoyang Ph 2 (VRB Energy) (2,250 tonnes)
---400 MWh------ China - Dalian (Rongke/UET) stage 2 (1,800 tonnes)
---400 MWh------ China - Yancheng (Shanghai Electric Group) (1,800 tonnes)
---400 MWh------ China - Wuhan (1,800 tonnes)
---320 MWh------ Eskom BESS phase 2 (1,440 tonnes max)
---300 MWh------ Australia - Pangea, Port Augusta (CellCube) (1,350 tonnes)
---180 MWh------Bushveld Minerals self generation project (810 tonnes)
---166 MWh------ Eskom BESS phase 1 package 2 (50%) (747 tonnes max)
---160 MWh------ Eskom BESS phase 1 package 1 (50%) (720 tonnes max)
-----82 MWh------ Eskom BESS phase 1 package 3 (50%) (369 tonnes max)
-----51 MWh------Japan - Abira Town Hokkaido (Sumitomo Elec) (230 tonnes)
-----40 MWh------ China - Wafangdian Zhenhai Wind Farm (180 tonnes)
-------?--------------China - VRB Energy / Hanloon Energy power station

One off total of 26,096 tonnes of vanadium required
Global vanadium production in 2019 - 111,225 tonnes

BMN will lose the right to have a member on the board of IES on April 1st unless they hold 10%.
So it seems that they're happy that IES have found their feet and can go it alone going forward from here.

Sanchez599 - of course they haven't.
The company has not given me any details of what they are bidding for.

Daisydog - thanks for replying without resorting to abuse or snide comments.
The project pipeline contains a maximum of 70 MWh of potential projects in the medium term excluding the self generation. Fact.
The total of Eskom phase 1 (3 packages) is 815 MWh. Fact.
So that's a maximum of 9% which BMN/BE will bid for not including any other South African projects they may be looking at. I'm expecting BMN to secure a small amount of the tender as part of the vertical integration process which will hopefully see them establish a VRFB manufacturing facility in SA with a partner.
The company was actively bidding for one or more contracts in Q4. Fact.
I can confidently predict that the posters here who have regular contact with the company will not refute this. If they do, they have not been asking the right questions.

BMN is unlikely to be playing a significant role in the initial round of Eskom BESS projects.
The BE project pipeline of 250 MWh includes the self generation options for all future BMN requirements which is 180 MWh.