The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Taking on a broker that will cover JSE?
I won’t be so daft as to make any SP predictions for 2022 (even the very well informed stalwarts of this forum have been wildly inaccurate on that front) but it is very clear that BESS/VRFB contracts are going to be pouring in across the globe during the next 12 months and this will do us no harm at all.
The UK’ largest flow battery has been energised as part of the Energy Superhub Oxford project led by Pivot Power.
The 2MW/5MWh vanadium redox flow battery manufactured by Invinity Energy Systems is being combined with a 50MW/50MWh lithium-ion \b battery\b0 to operate as a single energy storage asset, which is also the largest battery to be directly connected to the UK’ transmission network to date.
The partners said this hybrid approach will allow them to leverage the respective advantages of the different technologies. The flow battery does not degrade with usage and will therefore be used as a buffer, acting as the “irst line of response”nd performing much of the “eavy-lifting”o reduce wear on the higher capacity lithium-ion battery.
Tim Rose, programme manager for Energy Superhub Oxford at Pivot Power said: “nergising the vanadium flow battery is an important step towards full commissioning and operation of the system. Once live, this cutting-edge hybrid battery will demonstrate how vanadium flow and lithium-ion technologies can be combined for maximum benefit, to accelerate net zero and power our lives with clean energy.”
The hybrid battery system will share its connection with a private wire supplying power to electric vehicle charging stations and domestic ground-source heat pumps in Oxford.
Invinity chief executive Larry Zulch said: “nergising the largest flow battery in the UK marks a proud moment for Invinity, but even more important is how this innovative project is a model for cities worldwide. It demonstrates that energy storage pioneers such as Pivot Power can collaborate with local government to deliver a future-proofed, flexible grid that supports the renewable energy transition and the shift to an electrified, net zero future.”
Pivot Power is using the project as a blueprint for a 2GW fleet of transmission-connected batteries that will likewise provide power to nearby electric vehicle charging stations.
"The global redox flow battery market was valued at $130.4 million in 2020, and is projected to reach $403.0 million by 2027, growing at a CAGR of 15.2% from 2020 to 2027."
https://www.taiwannews.com.tw/en/news/4377769
Yes i was, thankyou.
So much wasted energy on Coffecups. Can we all not just agree to just let him post away but not rise to the bait?
Whatever happened to the plan to list in SA?
The Palaszczuk Government will build and own a new $10m vanadium processing plant in Townsville.
The vanadium facility will be part of the Palaszczuk Government's plan to make Queensland a leading producer and exporter of new-economy minerals, with several vanadium mines planned for the North West.
Vanadium is used in large-scale grid batteries to store charge in tanks of liquid which means redox batteries can be built to a larger scale.
Treasurer Cameron Dick said Australia had the world's third largest deposits of vanadium resources, but didn't produce any processed vanadium.
"The mining companies looking to process vanadium at an industrial scale don't have the capital necessary to make that jump, that's where our Government can step in," Mr Dick said.
"Through our $520m Invested in Queensland program, we will put at least $10m towards this common-user facility."
Mr Dick said the common-user facility could be used by smaller mining companies without the available capital to set up their own processing facilities.
"This is an important step in attracting further investor interest and future off-take agreements," he said.
"Once producers can see for themselves how processing occurs, they will have the confidence to invest in more manufacturing infrastructure and more jobs."
Mr Dick said they were in the final stages of site selection. "Mining companies will be able to transport ore from their mine site to Townsville, enabling them to begin producing mineral samples at scale," he said.
The North West Minerals Province is a significant source of these minerals, and the government is determined to keep supporting the resource companies extracting them.
Minister for Resources and Member for Townsville Scott Stewart said the project is a key milestone in delivering on the work of the North West Minerals Province Taskforce.
"In September the Palaszczuk Government joined with Multicom Resources to announce the go-ahead for the $250 million Saint Elmo vanadium mine near Julia Creek," Mr Stewart said.
"Saint Elmo mine will support 400 jobs, a potential next level industry in manufacturing vanadium redox flow batteries."
Other vanadium projects include QEM's Julia Creek vanadium and oil shale project and Horizon Minerals Richmond - Julia Creek Vanadium Project.
A NEW vanadium mine employing 200 people has moved a step closer with its proponents announcing plans for a new company to develop the resources.
Horizon Minerals and its joint venture partner Richmond Vanadium Technology intend to bring the Richmond-Julia Creek oxide vanadium project under the control of the company for listing on the Australian sharemarket through an initial public ffering.
Horizon Minerals holds 25 per cent and Richmond Vanadium Technology 75 per cent in a project that a pre-feasibility study has found could produce 790,000 tonnes of vanadium concentrate a year at a new mine 45km northwest of Richmond.
It is one of three vanadium projects in the area including Multicom’ St Elmo project, which has received mining lease approval, and QEM’ Julia Creek project.
Horizon managing director Jon Price said a review clearly showed greater potential shareholder value would be achieved by demerging their holding into a dedicated vehicle.
Mr Price said it was an exciting project being developed at a time when there was significant interest in using vanadium in the manufacture of redox flow batteries.
He said work would continue on a definitive feasibility study while a listing for the IPO vehicle would be sought in the June quarter next year. This week the government announced $10 million for a demonstration processing plant for vanadium to be developed in Townsville.
Singapore energy storage company VFlowTech is to team up with Seoul National University of Science & Technology (SeoulTech) and South Korean-based CompanyWE to install green EV charging infrastructure at existing filling stations in South Korea.
The announcement makes VFlowTech the first renewable energy battery provider to achieve international recognition and business contracts for utility-scale storage that supports EV charging infrastructures.
The announcement continues VFlowTech’ upward trajectory after announcing a $3mn pre-Series A funding round last month.
VFlowTech will deploy its 500-kWh Vanadium redox flow energy storage system for renewable energy, through its partnership with RC-EIT and CompanyWE.
The storage system for the smart technology electric car fast-charging infrastructure will use VFlowTech’ 150-kW modular PowerCube batteries that will be installed in a pilot implementation to meet the electrification needs of South Korea’ rapidly expanding EV market.
Young Il Lee, director of RC-EIT from SeoulTech, said: “orea plans to have 1.13mn electric vehicles on the road with 500,000 EV charging stations by 2025. Our collaboration with VFlow-Tech to install green EV charging stations at gas stations ensures we are ready to meet future energy needs for a fully sustainable energy supply. Our self-reliant green EV charging infrastructure will have a continuous energy supply powered by VFlowTech’ energy storage systems to mitigate the irregular source of electricity from intermittent renewables like solar or wind energy.”
Jae Woo, CEO of CompanyWE, said: “lobally, there is a need for energy storage solutions that can accommodate larger capacities of renewable energy. Vanadium flow batteries store their energy in tanks, which means they have a much larger capacity for energy storage and are also cost-efficient, as they can last for up to twenty-five years. We are excited to develop a pilot implementation of a virtual power plant system for nationwide distributed hybrid gas and EV stations that are self-reliant with VflowTech’ batteries. With VFlowTech’ unique technology, we have a truly innovative solution with utility-scale batteries that can operate at much wider temperatures and mitigate risks of fire, which is extremely important, since our systems will be built underground at gas stations.”
Urban locations can leverage existing gas station infrastructure to provide DC fast charging and net-zero energy balancing, where the electrolyte can be recharged at nearby renewable energy power plants (i.e. hydrogen fuel cells). In rural regions, VFlowTech battery-based EV charging stations are co-located with renewable energy microgrids which suffer from intermittency and curtailment and can provide 24/7 stable energy supply to the power grid.
The project in South Korea follows a successful deployment of a test-bed project in Singapore, supported by Temasek Foundation to demonstrate the efficacy of its scalable long-dura
A subsidiary of Australian Vanadium has completed the first phase of a trial of battery technology that could deliver a network of green charging stations for electric vehicles.
VSUN Energy —et up by aspiring miner Australian Vanadium to capture more value from the supply chain of the commodity —s using small solar-powered vanadium redox flow batteries as EV charging stations that can be set up anywhere in Australia.
The 5-30 kilowatt-hour units can handle all the requirements of EV charging but can also be scaled to suit domestic use and large grid-scale industrial and agricultural purposes.
VSUN Energy’ business development manager Zamien Sumich said vanadium redox flow batteries were the “issing piece of the renewable energy jigsaw”
“he VRFB is well suited to the capture and storage of large quantities of renewable energy, enabling stable power output,”e said.
“Vanadium electrolyte doesn’ degrade, meaning that thousands of EV batteries can be charged from the one station.
“he battery’ long life, exceeding 20 years, makes it one of the most sustainable and long-lasting ways of storing renewable energy. At the end of the battery’ mechanical life, the vanadium electrolyte can be reused indefinitely.”
The unit can also handle high temperatures without the risk of explosion. VSUN Energy is collaborating on the project with Singaporean partner V-Flow Tech and EV specialists Gemtek.
The charging station trial comes after recent news that IGO will test VSUN’ batteries as a standalone power system at its Nova nickel mine in the Fraser Range region near Balladonia.
Vanadium has been used in steel-making but it is increasingly gaining profile for its capacity to store large amounts of renewable energy in a battery.
ERA Elcora Advanced acquires Moroccan V exploration company
Stockwatch
850 words
24 November 2021
Canada Stockwatch
CNSW
English
(c) 2021 Canjex Publishing Ltd.
Elcora Advanced Materials Corp (TSX-V:ERA)
Shares Issued 148,737,013
Last Close 11/23/2021 $0.11
Wednesday November 24 2021 - News Release
Mr. Troy Grant reports
ELCORA ADVANCED MATERIALS ACQUIRES MOROCCAN VANADIUM EXPLORATION COMPANY
Elcora Advanced Materials Corp. has acquired STE Ermazone.A.R.L, which includes 10 vanadium licences/concession sites in Morocco. This strategic acquisition supports Elcora's plan to enhance both its mining and energy storage solutions by adding additional markets related to battery technologies.
Elcora's methodology in processing along with mining and battery experience creates an opportunity to leverage battery metals and minerals critical to energy storage applications. Vanadium's role in the growing energy grid storage will increase dramatically over the coming years, enabling wider use of renewable power such as wind and solar. According to the latest (BNEF) forecast, energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040. Furthermore, the U.S. Biden administration has also pledged to deploy 1050-1570 gigawatts of solar power by 2050 and over 30,000 megawatts of offshore wind in the United States by 2030, therefore the need for energy storage is crucial.
Vanadium flow battery (VFB) is a type of rechargeable flow battery that employs vanadium ions in different oxidation states to store chemical energy currently used for grid energy storage attached to power plants and electrical grids. Roll out of large-scale vanadium flow batteries are underway across the globe, with many others being planned or under construction. Securing a strong supply of quality vanadium minerals will be key to the growth of energy storage solutions.
Because of this, Elcora is pleased to broaden its scope to supply materials and applications associated with battery technologies. Vanadium-based cell chemistries hold the promise to resolve persistent problems associated with large-scale energy storage.
Commented Troy Grant, CEO, "Elcora is devoted to unlocking the full potential of solar and wind through large-scale energy storage capacity. Like other minerals and metals needed for li-ion batteries, the thriving renewable industry will accelerate demand for high quality vanadium. Elcora will commence trial production to obtain sufficient material for a production process test run."
Advantages of vanadium flow batteries (VFB):
The main advantages of the vanadium flow battery are that it can offer almost unlimited energy capacity simply by using larger electrolyte storage tanks. [1]
VFBs can be left completely discharged for long periods with no ill effects. [1]
If the electrolytes are accidentally mixed, the battery suffers no permanent dam
The latest results showed costs had fallen, production had increased and projection of production was higher.
I think some news flow from BE would be welcome. Yet to issue an RNS since its stated intention to RNS its own news months ago.
800mw commitment
https://www.centrica.com/media/5295/centrica-climate-transition-plan-2021_final.pdf