Member Info for pb940

https://twitter.com/BushveldMin_Ltd/status/1536714948340076544?s=20&t=T1qXaVAYs5LSaH8JcLye7Q

We welcome the appointment of RBC - a Tier 1 broker - to the Bushveld advisory team, who will enable us to focus on delivering our strategy and goals as we progress our operations. https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/wvj0e3w
#BMN #Vanadium #VRFBs #Vanadiumredoxflowbatteries #BESS

Why do we want 2 brokers?

Normally a sign of a placing but surely not here?
--------------------------------------------

We already had two brokers last year

Replacing Peel Hunt who they dumped before Christmas?

RBC Capital Markets

https://twitter.com/ruffles80/status/1536320832766615552?s=20&t=n5fI47maztF2Sj9Ha7LTiw

And it still looks crap, *******s :)

Formatting looked weird so posted again.

Enerox GmbH ('CellCube’)
Rolling Five-Year Framework Agreement to deploy at least 1 Gigawatt of Long
Duration Energy Storage in Southern Africa (RNS 17 May 2022)
• Kibo granted selective exclusiverights
• Marketing, sales, configuration and delivery within targeted Southern African
Development Community (SADC) countries
• Specified target sectors and behind the meter installations
• Within a commonly agreed project pipeline, subject to specific
milestones being achieved by both parties including the delivery of
the Proof of Concepts (POC)
• Kibo intends to develop an order pipeline with firm annual commitments
from its already existing project pipeline
• Of up to 21,200 installations, ranging from small-scale 40kWh to
larger 2,000kWh systems per installation
• In target sectors consisting of ICT towers, gated communities,
shopping centres and commercial parks
• The parties will also review an already identified bespoke renewable
energy microgrid projectpipeline
• Specified POC projects in relation to the agreed target sectors and areas are
to be ordered by June 30, 2022
• Kibo to establish and maintain the capability and capacity to act as a project
developer and an integrator of the CellCube solutions, subject to audit and
certification by CellCube
• Kibo granted first right of refusal to any production output delivering
CellCube core components or technology within the target region subject to
firm order commitments by Kibo in the event that CellCube may establish a
local assembly facility

Includes the following on page 17

Enerox GmbH ('CellCube’)
Rolling Five-Year Framework Agreement to deploy at least 1 Gigawatt of Long
Duration Energy Storage in Southern Africa (RNS 17 May 2022)
• Kibo granted selective exclusiverights
• Marketing, sales, configuration and delivery within targeted Southern African
Development Community (SADC) countries
• Specified target sectors and behind the meter installations
• Within a commonly agreed project pipeline, subject to specific
milestones being achieved by both parties including the delivery of
the Proof of Concepts (POC)
• Kibo intends to develop an order pipeline with firm annual commitments
from its already existing project pipeline
• Of up to 21,200 installations, ranging from small-scale 40kWh to
larger 2,000kWh systems per installation
• In target sectors consisting of ICT towers, gated communities,
shopping centres and commercial parks
• The parties will also review an already identified bespoke renewable
energy microgrid projectpipeline
• Specified POC projects in relation to the agreed target sectors and areas are
to be ordered by June 30, 2022
• Kibo to establish and maintain the capability and capacity to act as a project
developer and an integrator of the CellCube solutions, subject to audit and
certification by CellCube
• Kibo granted first right of refusal to any production output delivering
CellCube core components or technology within the target region subject to
firm order commitments by Kibo in the event that CellCube may establish a
local assembly facility

I assumed it was for the new Electrolyte Plant but the location looks like Vanchem

Posted 9 days ago

https://www.recruit.net/job/plant-manager-jobs/BFDEE44DE6A865DC

he Chemical Plant Manager is responsible for the efficient and effective operation of the area of responsibility. The role also carries the legal responsibility of creating a safe working environment. Planning, Leading organizing, and providing all material support needed for full utilization of the plant. To report all defects in the plant to relevant departments and to make sure all samples are taken and sent to the lab for analysis and follow-up. The Chemical Plant Manager will oversee all daily operations of the Chemical Plant and FeV plants from production and manufacturing to ensuring policies and procedures are followed

And just for info ARCM I don't always wear pants :) I have trousers too ;)

Pretty sure that the advisors would have told me it's a bad idea :)

I'd have put a clause in that if just one worker decides to strike then the deal is off for everybody.

So you aren't happy or think a 5 year wage agreement is worth anything but if they didn't have an agreement and the workers went on strike you would presumably complain that they should have done something to prevent the strike. Either way they can't win no matter what they do?

https://www.investegate.co.uk/bushveld-minerals-ld--bmn-/rns/vametco-signs-five-year-wage-agreement-with-amcu/202206101150234969O/

I wouldn't say we are 2 years on from covid though. The impact didn't begin and end when covid started. It's effects will rumble on for another year or two and if the Russian's, sorry Putin as I don't really blame the Russian people, continue to hold the world to ransom with threats of armageddon then things aint settling down anytime soon.

The impact from covid, the Ukraine war and the after effects of extricating ourselves from the European union will continue to be felt in terms of money flowing in and out of the markets. I would expect that a lot of people investing have had to remove funds either to allow themselves to navigate the cost of living increases or to protect the cash they still have left.

In terms of regions, Guidehouse expects Asia-Pacific to lead installation figures, with Western Europe and North America the other top global regions. Asia-Pacific deployments are predicted to reach about 14.5GWh annually, Western Europe about 9.3GWh and North America about 5.8GWh according to the white paper.

Vanadium is currently used in a number of industries, with the biggest share today being as an additive that can greatly strengthen steel alloys used in construction with even just a small amount of vanadium added.

As we noted in an article last year for the journal PV Tech Power, there are however only three primary vanadium producers in the world, with the majority of vanadium coming from secondary sources as a byproduct of steel production.

That said, there are efforts ongoing to create bigger resources of vanadium feedstock, not least of all in Australia where financial support has been extended to companies looking to extract vanadium from the ground and turn it into electrolyte.

Guidehouse Insights forecasts that the growth of VRFBs will be such that by 2031, between 127,500 and 173,800 tonnes of new vanadium demand will be created, equivalent to double the demand for the metal today.

The electrolyte constitutes around 30% to 50% of the total system cost of a VRFB energy storage project, which Guidehouse noted is the highest percentage cost for a key mineral in any type of battery. However, the batteries could be capable of 10,000 to 20,000 cycles during their lifetime without requiring rest periods or experiencing capacity degradation, which raises their operational availability versus an average of around 3,000 cycles for Li-ion batteries.

The paper does acknowledge some of the technology’s downsides, albeit whilst pointing out that the industry is working to address those, such as: lower round-trip efficiency (flow batteries average 70% to 85%, versus 90% to 95% for Li-ion), lower energy density and therefore larger footprint and the most pressing barrier, the need to “substantially reduce costs,” in light of the technology’s vulnerability to spikes in the price of vanadium and high capital cost.

https://www.energy-storage.news/rising-flow-battery-demand-will-drive-global-vanadium-production-to-double-by-2031/

The vanadium redox flow battery (VRFB) industry is poised for significant growth in the coming years, equal to nearly 33GWh a year of deployments by 2030, according to new forecasting.

Vanadium industry trade group Vanitec has commissioned Guidehouse Insights to undertake independent analysis of the VRFB energy storage sector. These have been collected in a white paper, “Vanadium redox flow batteries: Identifying opportunities and enablers”.

The research and market intelligence firm found that while lithium-ion dominates global energy storage deployments today by market share, various attributes of VRFBs make them a promising option in tandem with existing chemistries.

Advantages include the long lifespan and durability of VRFBs, their low operating costs, non-flammable design and a low environmental impact, both in manufacturing and in operation. Meanwhile, they can meet the needs of developers that require long-duration energy storage and can be operated with minimal maintenance for a 20-year lifespan, Guidehouse said.

Major R&D efforts have been made into the technology invented at the University of New South Wales in Australia, by both private and public companies and institutions since patents began expiring in the early 2000s.

Guidehouse noted however that despite the progress and attractive features of VRFBs, commercial challenges that have prevented them from take-off persist.

VRFBs have a higher capital cost than lithium-ion battery energy storage system (BESS) technology but can offer a lower cost of ownership and levelised cost of energy storage over their lifetime. Yet this detail is often missed when procurement decisions are made.

There is also what the analysts described as an over-reliance on lithium in the market today, but if VRFB manufacturing and deployment can scale up, continuous growth in the industry could be unlocked.

Forecasting a healthy growth trajectory for VRFBs
The white paper picked up on a couple of major projects that it said was evidence of growing interest in flow batteries internationally.

These were a 800MWh project in China by Rongke Power/UniEnergy that is scheduled to come online this year and a 200MWh project in South Australia which is in development through manufacturer CellCube, while the biggest VRFB installation in the world today is a 15MW/60MWh system brought online in northern Japan by maker Sumitomo Electric a few years ago.

Revenues from VRFB project deployments are expected to be worth about US$850 million this year and projected to rise to US$7.76 billion by 2031.

That means annual global deployments of an estimated 32.8GWh per year by that later year and a compound annual growth rate of 41% in the market over this decade.

Some 200MW/832MWh of standalone BESS projects at eight sites through REIPPPP were in final stage pre-contract discussions in March this year. And an even bigger round of procurement is expected to start in the next few months, Adam Terry, technical director at Harmattan Renewables, which is working with IPPs on projects in the country, said in a recent interview with Energy-Storage.news.

The standalone assets will provide national peak shaving services for four hours a day plus ancillary services and local support, Eskom said.

Doesn't say what type of battery it is and I can't see anything on the Scatec website.

https://www.energy-storage.news/scatec-signs-ppa-for-co-located-solar-with-1-1gwh-storage-in-south-africa/

Renewable energy power producer Scatec has signed power purchase agreements (PPA) for three co-located solar and storage projects with 1.1GWh of energy storage in South Africa.

The Norway-based company has signed the PPAs for the three Kenhardt projects in Northern Cape. The projects are providing dispatchable energy resources to grid operator ESKOM to help reduce shortfalls in capacity on the grid, procured under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP).

Scatec’s three projects, which pair 540MW of solar PV with 1.1GWh of battery energy storage system (BESS) capacity, will provide 150MW of dispatchable energy from 5 a.m. to 9.30 p.m. The BESS will enable the flexible dispatch of energy and allow ESKOM and Scatec to reduce the size of the grid connection needed to integrate the new resources.

The company’s announcement does not spell out the power of the BESS, while an announcement last year when it was awarded preferred bidder status said it would be a 225MW system.

They are the only fully renewable resources awarded PPAs under the RMIPPPP tender, and will provide power under a 20-year agreement. Scatec will cover all engineering, procurement and construction (EPC), operation & maintenance (O&M) and asset management services for the project.

Financial close is expected within 60 days of the PPA signature date (2 June) and construction will begin thereafter although an expected commissioning date hasn’t been revealed. When Scatec was awarded preferred bidder status, the resources were expected to be up and running by the middle of this year.

Scatec will own 51% of the equity in the project while H1 Holdings, its local Black Economic Empowerment (BEE) partner will own the remaining 49%. BEE is a government programme to facilitate broader participation of the black population in the economy to redress the lingering inequalities of apartheid. Standard Bank Group was lead arranger and debt provider.

Gas resources were the big winner in RMIPPPP, although up to 430MW/1,300MWh of energy storage was successful according to consultancy Clean Horizon’s analyst Corentin Baschet. The South African government is seeking to add more storage to the grid through other programmes too.

A separate programme by ESKOM, the Renewable Energy IPP Procurement Programme (REIPPPP), is solely for renewable energy resources and the two programmes together are expected to add about 1GW of storage to the South African grid.