The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I did see blue. See below.
The Oracle sees.
The Oracle has not made a prediction for 5 consecutive days because the only Red he likes to predict is the colour of the brake callipers on his Aston Martin DBS.
The Oracle feels something coming.
Too late now. There will be angry villagers with pitchforks if your 100% definite inside tip from Fortune himself doesn't materialise into a 400% increase in the SP by 9:00am Thursday.
Nobody is taking the Oracle's mantle. We propose:
Mystic Megan,
Voltaire,
Crystal Belle,
Zoltar,
etc.
PS. The Oracle saw red again this morning. Typed out the post, but deleted it. The Oracle can't bring itself to support whoever is suppressing the SP.
UK power outage cuts critical services and highlights need for grid-scale batteries or additional capacity to balance wind and solar power
Lithium-ion and Vanadium Redox Flow Batteries ‘VFRBs’ could contribute a key part of the solution for grid balancing and backup power
Friday afternoon saw a significant power failure in many parts of the UK as the network automatically cut power to major parts of the country.
The outage was caused by the failure of a 727MW gas-fired power generator alongside a major 1.2GW wind-farm off the East coast.
While other generators scrambled to make up for the near 2GW power loss the 15 minute incident triggered widespread power cuts causing major disruption on trains and at one hospital where the back-up generators failed to work. Many consumers were also left without power.
The windfarm possibly went offline due to unusually high-gusting winds in which windfarms cannot operate.
The issue highlights the risk of moving to wind and solar power without adequate back up power supplies.
The UK grid wanted to tender mixed backup power but the EU halted the tender process in a court ruling last year.
The EU suspended the UK Capacity market auction which provides for back-up electricity generation and opened a investigation into its compliance with EU state aid rules
The next power tender / auction has been indefinitely postponed pending the EU court ruling
The UK 2016 Capacity Market auction for 2020/21 period permitted 500MW of battery projects.
Capacity market prices have fallen from £22.50/kw per year to £8.40/kw per year for 50.4GW procured in 2018 for 2021/22 winter.
Battery storage was awarded only 153MW out of 1.344GW that pre-qualified. Arenko won 15-year contracts for 73MW
UK has 900,000 homes with solar installations. The UK FIT ended in 2016. Smart energy storage is growing strongly e.g. products such as Powervolt.
UK Balancing Mechanism market worth £350m pa – this for Distributed Energy Resources (DERs). The market is expected to grow 179% to 145MW
The UK may look to install sizeable grid-scale battery power capacity with Lithium-ion and Vanadium Redox Flow Batteries ‘VFRBs’ potentially offering robust, credible and reliable source of back-up and distributed power to balance the imperfect supply of wind and solar power generation.
I must have missed it. Is there a link to this interview? Was it posted today?
And there is only one Oracle.
The Oracle made no prediction for Friday.
Fantastic news! My boy is around the same age. Its scary how much love you have for them - and fear! Puts everything into perspective. Glad he's going well!
sending love bassguy
Much darkness around this share.
But today will be blue.
https://youtu.be/7rTERqua4Vk
Got my mojo back.
Less accurate than predictive text, but saved by an audience vote, the oracle is back for another chance at glory. What do you say, oracle?
THE ORACLE SAYS BLUE. GLA.
https://www.youtube.com/watch?v=zA52uNzx7Y4
Unless this post gets 20 likes, there will be no more Oracle until next Monday. (Gameshow audience rules)
D'oh!
It's alright mate! At least you had time to format yours! I did mine from the gym.
Ferro-vanadium prices rise on Chinese buying
Vanadium prices are rising in China and Western Europe with strong gains in China seen as driving a turnaround in European pricing.Ferro-vanadium prices recovered 10.8% to US$40-42/kgVin China last week (prices are from FastmarketsMB).Prices for ferro-vanadium also recovered by 3.6% to US$31-32.95/kgV in Western EuropeVanadium pentoxide prices in Rotterdam also recovered US$10.1% to 6.7-7.5/lb.The weaker renminbi combined with strengthening demand in China may cause traders to move vanadium stocks into China and away from weaker demand growth in Europe.Expectations for greater stimulus in China to support the economy during US-China trade war negotiations may have some impact. China’s green shied and other environmental policies are keeping steel makers busy through the summer with maintenance shutdowns now scheduled in the winter months.Greater enforcement of China’s new construction steel and rebar standards is also expected to drive vanadium demand in the short term. Chinese regulators appear to have allowed smaller steelmakers to continue to get away with producing lesser quality Quench & Temper steel which is tough but brittle and does not perform so well in earthquake or stress situations.We suspect that steel mills supplying into major government infrastructure projects should use the higher standard vanadium rebar.Vanadium demand should also rise for Vanadium Redox Flow Batteries ‘VRFBs’ as power storage to match solar and wind power gains increasing acceptance.While Lithium-ion battery storage has delivered much of short-term power storage demand for new instillations a developing shortage of lithium-ion batteries combined with their cost and shorter lifespan should cause power utilities and industrial consumers to favour VRFBs going forward.Bushveld Mineral’s recent innovation in vanadium rental finance should make VRFBs very much more affordable for utilities with vanadium prices becoming less of an issue.
The trolls are earning their £6.50 p/h tonight!
From Pdub "Thanks for pointing out the simple date typo InYellow. Obviously 31.07.19.
I'm pleased that the only comment you feel able to make about that very positive interview is about the date I typed. Haha. Brilliant!"