Member Info for mogwhy

https://tinyurl.com/y6k8wk2w

If you read the construction schedule in the tender, the handover date after commissioning is July 2022.

Handover to Bushveld Energy after commissioning is 19.07.22.

Alfacomp - that's not correct. The engineering drawings show that phase 2 of the facility will be on the landscaped area adjacent to the phase 1 factory.

fatbanker - my understanding is that although we know EHL owns 90% of Enerox , we don't know how much of EHL that Bushveld owns.

"EHL is a newly incorporated investment vehicle formed by a consortium of investors, including Bushveld Energy"

Paul150 - the Crux interview takes place on 19 Nov.
Add a day or 2 for editing before we see it.

The timing is probably to coincide with the release of the Q3 results.

Good candidate for a VRFB.

"175MW operational solar power plants in the area – with an additional 675MW approved and a further 300MW pending authorisation"

https://orionminerals.com.au/projects/south-africa/prieska-project/

Then read this https://tinyurl.com/y6gu2vmd

Yes Daitom, my bad.
Duferco will have a $6.15m cash pile to play with.

I find it difficult to subscribe to the BMN / GS conspiracy theory. The evidence of the AGM voting and the subsequent GS sell off points to a falling out between GS and the BoD.
It appears that the end of the GS sell off will coincide with the end of the 10 day VWAP period at the end of next week. That's just too much of a coincidence.
GS have inflicted maximum damage to the share price at their own expense.
I suspect the lack of promotion by the company has been to appease Duferco in the runup to their share issue. It would be nice to see the brakes come off once Duferco are on board and I think we'll see newsflow increase substantially from mid-November.
And to those who would say that news can't be held back or timed to suit only have to look at the 2 RNS's released on 30 Sept only 23 minutes apart.
Duferco will shortly receive just over $1m. I wonder if they will use any of it to buy on the open market at these bargain prices once GS are out.

Not sure that Oxkem count as a major producer.
http://www.oxkem.com/index.html

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)
---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 295,300 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 superzero8. Just need someone with a line to Terry Perles to ask him what their annual production capacity is for electrolyte.

Apart from BNM which can produce about 700 MWh of electrolyte per year, does anyone know of other major electrolyte producers. I've got the major planned projects, but would like to list current manufacturers.

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)
---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 295,300 tonnes of vanadium per annum

Complete
700 MWh - China - Bolong New Materials (3,150 tonnes per annum)

Total of 3,150 tonnes of vanadium per annum

A reminder of the major VRFB projects around the world.
These are only 40MWh and above.
Add in all the smaller projects and you can probably at least double the total MWh.
That would mean a total one off vanadium requirement equal to about 54% of the 2019 global production over the next 2 to 3 years.

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)
---640 MWh------ Eskom BESS phase 2 (2,880 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)
---332 MWh------ Eskom BESS phase 1 package 2 (1,494 tonnes max)
---320 MWh------ Eskom BESS phase 1 package 1 (1,440 tonnes max)
---300 MWh------ Australia - Pangea, Port Augusta (CellCube) (1,350 tonnes)
---180 MWh------Bushveld Minerals self generation project (810 tonnes)
---165 MWh------ Eskom BESS phase 1 package 3 (743 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 29,376 tonnes of vanadium required
Global vanadium production in 2019 - 111,225 tonnes

A reminder of the major VRFB projects around the world.
These are only 40MWh and above.
Add in all the smaller projects and you can probably at least double the total MWh.
That would mean a total one off vanadium requirement equal to about 54% of the 2019 global production over the next 2 to 3 years.

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)
---640 MWh------ Eskom BESS phase 2 (2,880 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)
---332 MWh------ Eskom BESS phase 1 package 2 (1,494 tonnes max)
---320 MWh------ Eskom BESS phase 1 package 1 (1,440 tonnes max)
---300 MWh------ Australia - Pangea, Port Augusta (CellCube) (1,350 tonnes)
---180 MWh------Bushveld Minerals self generation project (810 tonnes)
---165 MWh------ Eskom BESS phase 1 package 3 (743 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 29,376 tonnes of vanadium required
Global vanadium production in 2019 - 111,225 tonnes

Under this circumstance, how will flow batteries expand their market share in many battery technology routes?

In Liu Qinghua’s view, with the successful development of high-power density all-vanadium redox flow battery stacks, the maturity of the new generation of all-vanadium redox flow battery technology, and the participation of more enterprises in the upper reaches of the industry chain, all-vanadium redox flow batteries are in the initial stage. Competitiveness in terms of investment cost and system efficiency will continue to improve.

Yan Chuanwei also pointed out that in the past two to three years, the technology of all vanadium redox flow batteries has advanced by leaps and bounds. Now this technology has been able to form a complete R&D system, and there are no insurmountable difficulties or bottlenecks in industrial development.

"The emergence of high-power density all-vanadium redox flow battery stacks provides basic technical support for the development of a new generation of low-cost all-vanadium redox flow batteries, and also provides an opportunity to promote the integration of the industrial chain. Technological innovation will continue to attract more Strong price-competitive electrolyte developers, high-reliability system integrators, and large-scale capital entry have since provided a foundation for further reducing the cost of energy storage systems." Liu Qinghua said.

Liu Qinghua told reporters that from the operation of the previous demonstration project, the all-vanadium liquid flow energy storage function is complete, the single energy storage power station also has advantages, and the safety and reliability have been fully verified. According to statistics, as of the end of 2019, there have been more than 200 demonstration and application projects of vanadium flow battery technology worldwide, and the first project has been in operation for more than 20 years.

The industry generally believes that under current technological development conditions, large-capacity, fast-response all-vanadium redox flow battery energy storage systems can have a certain market space in a variety of future energy storage application scenarios, and specific application scenarios may include Renewable energy distribution and storage, grid-side energy storage, thermal power frequency modulation, emergency power protection of urban energy storage power stations, etc.

The bottleneck of industrialization no longer exists

Relevant data show that as of the end of 2019, among the energy storage projects that have been put into operation in my country, pumped storage capacity accounts for 93% of the total installed capacity, including electrochemical energy storage for technical routes such as lithium ion batteries, lead batteries, and flow batteries. The installed capacity accounts for about 5%, while in the electrochemical energy storage installed capacity, the flow battery accounts for about 2%. At the same time, the installed capacity of lithium-ion batteries accounts for more than 75%. In the energy storage industry, lithium-ion batteries are still in a "dominant" position.

Liu Xiaolu, vice president of the Smart Energy Division of Tianneng Battery Group Co., Ltd., pointed out: “Compared with other electrochemical energy storage technology routes, lithium-ion batteries are easier to achieve standardization and modularization, and at the same time, they are more capable of flexible deployment. Ion battery technology has been in a leading position globally, and lithium ion batteries are likely to remain the mainstream of the energy storage industry for some time to come."

In Liu Qinghua's view, the design innovation of high-power density battery stacks is an important breakthrough in cost reduction. The reporter learned that the latest research results of the Low Carbon Institute show that innovations in the design of all-vanadium redox flow battery stacks can effectively improve battery power density. The Low Carbon Institute also won the "2020 China Energy Storage Industry Best Frontier Energy Storage Technology Innovation Award" by the Organizing Committee of the China International Energy Storage Conference. Liu Qinghua told reporters: "Compared with conventional all-vanadium redox flow batteries, the all-vanadium redox flow battery newly developed by the Low Carbon Institute has significantly improved the power density of the energy storage stack and the energy efficiency of the battery, and the cost has also been reduced by about 30%. Around, the low-carbon institute's technology has obvious cost-effective advantages.

With the continuous iterative update of battery technology and the declining cost, industry experts generally believe that the all-vanadium flow battery has the conditions for commercial development. Yan Chuanwei, a researcher and professor at the Institute of Metal Research, Chinese Academy of Sciences, once publicly stated that the current all-vanadium flow battery is the most mature flow battery. Considering the advantages of the flow battery itself, the all-vanadium flow battery can meet the requirements of large-scale energy storage industrialization. Ideal technology, its technical performance and cost have also reached the level of large-scale development.

Demonstration projects have been "settled" in many places

The reporter learned from public information that demonstration projects of all-vanadium flow batteries have been implemented in many regions of my country. On September 23 this year, the Xinjiang Aksu All-vanadium Redox Flow Battery Industrial Park project started laying the groundwork. The project is expected to form a 100 MW all-vanadium battery energy storage equipment production capacity, which will play an important role in the peak shaving of the local power grid. In the same month, my country’s only chemical energy storage peak-shaving power station, Dalian flow battery energy-storage peak-shaving power station national demonstration project also launched a 220kV transmission project. The advancement of this project also means that the application of flow batteries in the field of energy storage has entered a new stage.

Thanks SG.

"During the '14th Five-Year Plan' period, China's all-vanadium flow battery will usher in a very good opportunity for large-scale promotion. With the implementation of all-vanadium flow battery energy storage demonstration projects in various places and successful technical verification, it is expected to be in the next five years. It is an important window period for the flow battery to move from maturity to promotion." Liu Qinghua, head of energy storage technology at the National Energy Group Beijing Low-Carbon Clean Energy Research Institute (hereinafter referred to as "Low-Carbon Institute"), said in an interview with reporters recently. Since the beginning of this year, all vanadium flow battery projects have been put into operation in Xinjiang, Fujian, Liaoning and other regions of my country. Flow battery is the "star of the future" in the field of large-capacity energy storage. With the continuous expansion of the energy storage market, how will it win market favor in the fierce competition in the future?

Technological iteration costs are falling rapidly

In recent years, the scale of installed energy storage capacity in my country has always been in a stage of rapid growth. Under the tide of the global "green economy", the demand for renewable energy storage has also greatly boosted the energy storage market. Flow battery, as a kind of electrochemical energy storage, has attracted the attention of the industry due to its advantages such as large capacity and high safety. Among them, the all-vanadium flow battery is more favored by researchers because of its good battery performance.

It is understood that the all-vanadium redox flow battery has higher safety performance due to its water-based energy storage medium. At the same time, the all-vanadium redox flow battery has a cycle life, full life cycle electricity cost, resource sustainability and resource recovery. Features and other key performance indicators have obvious competitive advantages. For many years, domestic and foreign researchers have been promoting the cost reduction path of this emerging battery technology.

Updated list of major electrolyte production facilities planned or complete.

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)
1,000 MWh pa --China, Chaohu - Shanghai Electric (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