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I've invested in BMN for the quality of their assets and the growth potential so will be holding all my shares until I see some of these come to fruition. So look at this in a positive way, the shorting creates a temporary opportunity to buy more shares at a discounted price.
Presume the H1 results will be around 24th Aug if they're the same time as last year. PW has previously mentioned increased production with the Rabul discoveries being put into production so hopefully this will be reflected in the H1 results.
That was a decent watch thanks for sharing.
IMO BE should be looking at these small scale off-grid installations while they're waiting for eskom get their act together.
There must be a decent size market for off-grid solutions in Africa and BE can cut their teeth on some smaller installs.
The SP seems to have responded to the end of the 2018 drilling programme, as there seems to be a lull in news now until SD production commences towards the end of the year. This should hopefully spark interest on the lead up to the start of sales, then we'll have details of the seismic surveys, further leads and the 2019 programme to build some momentum with.
https://www.edie.net/news/8/Battery-storage-set-to-complement-solar-panels-at-Kingfisher-distribution-centre/
B&Q installing 756kw battery storage at a retail distribution centre. This type of application seems to make perfect sense with the building having a large footprint to cover with PV's.
You would expect most landlords / tenants with this type of building would be looking to implement this solution.
I'm assuming VRFB's could be scaled accordingly to work for this application.
https://www.esi-africa.com/energy-absolute-seize-battery-storage-market/
https://asia.nikkei.com/Business/Business-Trends/Thailand-s-Energy-Absolute-to-pour-3bn-into-battery-gigafactory
Looks like energy storage is gaining traction pretty quickly, not sure which tech there proposing to use probably Litium iron I would think.
Apparently "Solar and storage go together like peanut butter and chocolate — great on their own and even better together,"<br /><br />https://www.miamiherald.com/news/business/article215737115.html<br /><br />Battery storage with renewable projects appears to be gaining traction but lithium-iron looks like the preferred solution currently. The VRFB sector needs to step up and push this technology.
After the RedT announcement I've just been looking at the electricity production for Germany and the charts available show the scale of the problem in terms of balancing power generated from renewables:
https://www.energy-charts.de/power.htm?source=all-sources&year=2018&week=30
Of the total daily c80GW of power generated c35% is from renewables, with a massive daily spike for solar. This chart just reinforces how essential battery storage is and VRFB's look to be the perfect solution IMO.
The other interesting consideration is the impact of EV take up on power generation in terms of total load demand and the timing of this throughout the day. I would assume most would charge the EV's evenings or over night which creates greater demand at current off peak times again reinforcing the need for battery storage for renewables.
If VRFB's take off like we hope they do then BE could be a very significant asset for BMN.
The fundamentals of SDX look great IMO but perhaps they're a little too safe for the average AIM investor, who is happy to accept a higher degree of risk, for potentially significant rewards. The oil play in SD-1 generated significant interest last year and we look like having another crack at this in 2019, which will hopefully attract additional investors.