Member Info for mogwhy

It looks likely that a lithum battery fire was responsible for these 34 deaths in a boat fire.

https://tinyurl.com/y38xx643

Exactly Colt45. Current intelligence suggests that vanadium stocks are being run down according to reports from China.
Then look at the increasing number of VRFBs reportedly being deployed.
Then look at the major project pipeline in my list of VRFB projects and the amount of vanadium required in relation to current annual production.
Then look at the electrolyte production facilities in the planning stage on my list and the amount of vanadium required in relation to current annual production.
With worldwide infrastructure projects currently gearing up, it all points to another vanadium price spike in 2021.

Planned electrolyte production (4.5 tonnes of V per MWh)

2mt electrolyte- China - Fangchenggang (250,000 tonnes per year)
--------?------------ China - Ningde, Fujian (30,000 tonnes per year)
3,000 MWh pa -- Saudi Arabia, Dammam (13,500 tonnes per year)
1,650 MWh pa - China - Yichun - Jiangxi Yinhui New Energy (7,425 tpa)
1,000 MWh pa - China - Ankang, Shaanxi - Huaqin Energy (4,500 tpa)
---200 MWh pa - South Africa - Bushveld Energy Phase 1 (900 tpa)
---200 MWh pa - USA - New York (Margaret Lake) ph 1 (900 tpa)

Total of 307,225 tonnes of vanadium per annum

Another planned electrolyte production facility in China to add to the list.

Jiangxi Yinhui New Energy Co., Ltd. plans to build a new project with an annual output of 66,000 cubic meters of vanadium electrolyte in Yichun, with a total investment of about 200,000 yuan. The main construction includes new factory building, complex building, administration building and ancillary facilities. The main production technology is the use of reaction kettle, pure water and other equipment, the application of raw material dissolution, mixing reaction, REDOX and other processes. The production scale is planned to build ten vanadium electrolyte production lines, with an annual production capacity of 66,000 cubic meters of vanadium electrolyte.

https://tinyurl.com/yxsm55ry

Colt45 - I don't know but it must be a very small percentage.
Off the top of my head I think VRFB's captured less than 1% of the BESS market last year.

I wonder if Mikhail has been using moggy's list, which is tracking 5 GWh of projects in China.

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

One off total of 29,096 tonnes of vanadium required
Global vanadium production in 2019 - 111,225 tonnes

gambitxjs - a tie up with the Chinese is almost inevitable. A deal with Rongke on the Eskom tenders could pave the way for a Mokopane offtake agreement further down the road. The Chinese have previously declared that South Africa's vanadium resources will be used in their huge Fangchenggang project which will produce 2m tonnes of electrolyte per year.

"Next to Qisha Port, the new energy storage material industrial park invested by China Energy Storage Materials (Hong Kong) Co., Ltd. is under construction in full swing. This planned project with a total investment of more than 30 billion yuan will become the largest production base for new energy storage materials in China after completion. It will use South Africa’s high-grade vanadium-titanium magnetite resources to produce a new generation of high-purity vanadium electrolyte, provide core materials for the world’s most advanced vanadium batteries, and sell them all over the world, allowing the world to recognize "Made in China" again. .
Fangchenggang Economic Development Zone, all the way to the sea, spring is boundless."

http://www.fcgs.gov.cn/zxzx/tpxw/201804/t20180410_57409.html

Everyone should watch the Crux interview at 20:25 and take note of Fortunes facial expression when he mentions RKPs involvement with the deployment of the Dalian installation.

Planned & complete electrolyte production (4.5 tonnes of V per MWh)

Planned
2mt electrolyte- China - Fangchenggang (250,000 tonnes per year)
--------?------------ China - Ningde, Fujian (30,000 tonnes per year)
3,000 MWh pa -- Saudi Arabia, Dammam (13,500 tonnes per year)
1,000 MWh pa - China - Ankang, Shaanxi - Huaqin Energy (4,500 tonnes pa)
---200 MWh pa - South Africa - Bushveld Energy Phase 1 (900 tonnes pa)
---200 MWh pa - USA - New York (Margaret Lake) ph 1 (900 tonnes pa)

Total of 299,800 tonnes of vanadium per annum

Complete
700 MWh - China - Bolong New Materials (3,150 tonnes per annum)
----- ? ------- USA, Hot Springs, Ark. - StratCorp (US Vanadium)
----- ? ------- UK - Oxkem

Total of 3,150 tonnes of vanadium per annum

Thanks Alfacomp.

Thanks Sloppy.
Does anyone want to have a bash at converting 40,000 cubic meters of electrolyte into tonnes of electrolyte ? Divide the result by 8 to get the vanadium requirement.

BenAlder - unknown. Best guess is probably over the next 1 to 3 years depending on project size. Lead times for electrolyte will also depend on project size.

Alfacomp - from BMN.
https://tinyurl.com/y2mpspjv

Update.
I've scaled back the Eskom projects so that VRFBs capture 50% just to make it a bit more realistic.
This list only includes projects of 40 MWh and over.
Who knows how much all the smaller projects add up to ? Double ?

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

One off total of 29,096 tonnes of vanadium required
Global vanadium production in 2019 - 111,225 tonnes

daitom - Saudi Arabia are building a 3,000 MWh per annum VRFB production plant, so.....

https://tinyurl.com/yawhb2ow

Fortune has indicated this year that they intended to participate in the tender so it'll be fascinating to see how it plays out. Not long to wait now.

Nick26 - I realise that, but the tender is biased towards existing facilities in South Africa. Vanadium is no use on its own without further processing capabilty.

We might be able to get small quantities of electrolyte made in the UK, but that doesn't help with the Eskom tender. Without an electrolyte production facility or VRFB assembly in South Africa it's difficult to see how we can participate in any real way with the local content requirement.

Frederic Verdol specifically mentions Bushveld in his presentation at 42:10 with a little smile on his face.

https://tinyurl.com/y2b8hy2f

https://tinyurl.com/y4efjd6h