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Sanchez599 - this appears to be a flow battery production facility rather than one large VRFB.
"Zeng Lecai, chairman of Shanghai Electric Energy Storage Technology Co., Ltd., said that Shanghai Electric Energy Storage Technology Co., Ltd. was established to better promote the industrial development of flow batteries. The mission of the energy storage company is to manufacture first-class flow battery energy storage for customers. Products, and provide customers with efficient and customizable overall energy storage solutions. The newly commissioned liquid flow storage battery project adopts an advanced automated production line with a designed capacity of 200MW/1GWH and an output value of 2.5 billion yuan, which injects new impetus into the development of the energy storage industry."
http://hch.ahwang.cn/chnews/20201023/2171996.html
This is from the "Responses to Clarifications" document released in August by Eskom.
Can you please clarify
a) When is the intended tender award date?
b) When is the intended contract signature date? (how long after tender award)
Response from Eskom
a) The contract will be awarded 10 business days after issuing notification of intention to award the contract during November or December 2020;
b) Letter of acceptance including the contract agreement will be issued after a Standstill period of 10 business days.
Someone has got a long trade of 1.8m shares and hasn't paid for it. They pay a fee to keep the trade going for a short period of time, usually a few weeks. When the time expires they can roll it over and extend it by paying another fee.
More potential for the IES pipeline.
https://tinyurl.com/y46fovbd
Updated 3 days ago.
https://tinyurl.com/y6sy3yt4
Value £4.6m
I make that about 100 MWh per annum.
In my first post I used the word "apparently" as I don't know whether it is true or not.
What I do know is that I've been investing on AIM for 30 years and in that time I have come across numerous instances of a lone dissenting voice being trodden on by uber-positive PI's who refuse to adequatley consider all the facts. It's been remarkable how often those lone voices have been proved correct.
Do you really believe that Enerox has the manufacturing capability to produce the package 1 tender requirements?
Of course it's possible to ask the question. In this case the CEO of Enerox has been quoted from his email reply. It's very unlikely that someone would post this very specific information if it wasn't true. Making false statments like that is asking for legal trouble.
"Enerox have confirmed to me that they are not going to tender for the first package of the ESKOM contract. They believe it will be won by a lithium battery company and it will be a race to the bottom on price."
LionelGreen - you can see the nearby Rongke Power manufacturing complex here
https://tinyurl.com/ydhmpwk6
LionelGreen - yes, that is the building that houses all the VRFBs.
See here to get an idea of the scale
http://www.rongkepower.com/Product/show/catid/175/id/103/lang/en.html
Phase 1 complete.
https://twitter.com/DragonEV_/status/1316287275056033792
We should get an update on this fairly soon.
15 MWh is about 70 tonnes of vanadium or 560 tonnes of electrolyte.
From March RNS.
"redT is further pleased to announce that the Company has concluded an agreement with AIM-listed integrated vanadium producer Bushveld Minerals ("Bushveld") to create a vanadium financing partnership (the "Partnership"), which the Company intends to utilise to provide the vanadium electrolyte for the ESO project. The Partnership, which will be owned by redT and Bushveld, will take the form of a special-purpose vehicle structured to hold vanadium, then provide the option to rent that material to the Company's current and future commercial pipeline on a project by project basis. Within this framework, Bushveld has made an initial commitment to supply vanadium for approximately 15 MWh of VRFBs. Further details and developments will be communicated in due course."
Closing date for bids is 25 November.
https://tinyurl.com/y6p53gpo