Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Good grief Pactrol get your head out of the sand.
Every country in the world has to tackle climate change.
I never got a grant for my solar, but they exist for the poorest households.
So I reckon with grants for the poorest households that they could have something similar to my setup for 10k
Now lots of companies including octopus energy will get the grants for you and if you don't have the money to pay for it, can get finance at around 9.9 percent.
That means over ten years. Around 100 pounds a month.
Now tell me that they pay less than 100 pounds a month for their gas and electric. I don't believe you.
Sure if 6 people or more living in a house then bills are higher.
But can easily support a family of four.
Slug you are meant to be a mathematician.
So do the sums.
The biggest factor in this is you need a south facing roof.
If you have that you are quids in, nobody could possibly not make money.
Just size your setup so you don't ever have to pay for electric again, and dump the gas.
You can then calculate your real time savings.
By working out how much you pay for gas and electric today.
Lastly insulation plays a huge part, and I could increase my income more by insulating my house better, but just can't be bothered at the moment, as happy with what I have.
If things change I will look at it again.
BBG post all you want.
I happen to agree with your 1-5 percent figures.
I am probably one of the biggest supporters of Solgold on here
Also how can you see my posts when you have filtered me.
ScotKio I have a 9.5kw battery, octopus quote 9.8 but 9.5 is what's usable.
Also don't have 8 Kva, I have 5kva in Solar panels.
I also know what I am talking about when investing.
Being doing it for 43 years and generate more money than I can ever spend.
Hi ScotKio, 15 pence is the flex tariff, I am on the older demand tariff, it changes between 4 and 7 when I discharge my battery, has been as high as 51 pence a unit.
I believe you are correct on 15 p as that's what I get the rest of the day when my battery is full.
Okay Slug just for you.
I have never had a day when my heat pump and solar didn't supply all the heat I wanted, but let's say I did.
I can get power for my 9.5 kilowatt battery sometimes as cheap as 6 pence a kilowatt between the hours of 2-5am.
I currently only take a couple of kilowatts and between 4-7pm when I export about 8 kilowatts ( remember I am still generating as the sun is shining ). I can earn as much as 51 pence a kilowatt.
I think it's around 40 pence a kilowatt at the moment.
It's a flexible tariff and I get paid more, when they need more.
To install my heat pump, rip out all my radiators and have them replaced with modern radiators with greater surface area, plus my IBoost setup and new immersion heater tank, minus the government grant, was just under 4,000 pounds.
I also brought an induction hob to replace my gas hob at roughly 400 pounds on top of that as I had no gas.
On the Solar that was just under 12,000 pounds all in.
I went for the 5kw invertor as the cost of the 3.6 KW and 5 KW are the same. So I guess around 16K all in.
I will never pay another bill again, I get over 1 thousand pounds a year income and it will last me the rest of my life.
Oh dear Slug l did answer your question, just not directly.
I should have realised that you weren't intelligent enough to understand it.
Let's make it simple for you.
My heat pump is turned off during the warm months, so I don't use heating.
I use the IBoost for my hot water.
Great bit of kit, far too complicated for someone with a tiny brain like yours to understand, but for everyone else, it has a sensor around my incoming supply to my meter.
It detects when I am using energy from the grid and when I am exporting.
As I only export when my battery is full or between the Hours of 4pm till 7pm.
It then sends a signal to the IBoost which then heats the hot water to around 50 degrees.
So the water is always warm and hot enough not to get any nasty bugs.
It has a boost button that I hit before I want piping hot water and gives me a fifteen minute boost using electric generated from my solar panels.
I believe the element is only about 3.6 kilowatts.
So less than 1 kilowatt used.
To heat my house during the winter months l of course have an air source heat pump. Which gets turned on, again far too complicated for you as it involves a switch.
Hence why I increase my electricity consumption during the winter to 9-10 kilowatt hours a day.
I still generate more than this on a daily basis. As I have a south facing house.
Please if you don't understand this.
Please do some reading.
Good morning ScotKio.
One question I always ask myself is how can I invest in a changing world?
What changes will be successful?
Also what companies will be profitable and drive these changes.
In order to do this you have to keep up with leading edge science and engineering.
Luckily for me I have done this all my life and I have a keen passion for it.
That's why I understand that today a block cave operation is relatively risky free.
So I suggest the next thing to happen in the electrification of our planet is things have got to become more modular, more efficient in terms of generating power and cheaper at the same time.
I suggest you look up Peskovite .
These are a type of solar panel construction, they are incredibly efficient and currently to boost performance use thin layers of gold and silver.
This is making them difficult to adopt for the masses.
However this article below may have the answer.
I caveat this by saying new things are always coming along and making previous Discovery's redundant.
But will post this article below as if convinced like me, you may want to find a cheap miner that produces nickel.
One that's already in production, I would suggest.
https://www.nrel.gov/news/program/2023/substitute-for-gold-layer-in-perovskite-clears-way-for-cheaper-commercialization.html
Good grief Slug, you really are beyond stupid.
The reason that electricity is more expensive in the UK is our aging infrastructure and the inability to connect wind and solar to it without paying money for upgrades.
Guess what, if more gas and nuclear are connected in the future it will be cheaper to connect due to the work that is being undertaken for renewables at the moment.
This is a capacity issue.
But you believe your conspiracy theories and carry on paying more for everything and pretending it's someone else's fault.
That's about the size of it ScotKio.
However always keeping my nose to the ground on environmental developments for investment purposes or for personal use.
If you are interested, I am looking into green hydrogen.
I suggest reading up on all colour hydrogens.
Their are lots of them and the colour denotes how they are made.
I believe green hydrogen will eventually be created at airports and shipping ports around the world. And will certainly power passenger aircraft and possibly shipping.
Solar plays the biggest part in green hydrogen and requires no batteries whatsoever, so is really efficient.
I am currently looking for investments that have the right locations, correct financing and would be able to obtain the licences on a quick basis.
Addicknt I agree the newsflow is important, but so is the environmental stuff.
If people don't understand the environmental stuff and so many on here don't, then how on earth can they understand commodity prices and the true potential of companies like Solgold.
Every now and again something changes and the world pivots with change.
The environmental stuff opens up loads of investment opportunities, not just on the metals front.
Again Slug as the most unintelligent poster on here you are misunderstanding what's happening.
People like me make electricity cheaper for everyone.
The turbines keep turning producing power, if electric car charging and Solar battery charging don't take place, then that energy is wasted.
Once enough people adopt electric cars, I won't be able to make so much money, as the energy will be used. But I will still make money.
Morning addicknt, the survey tells you the orientation of the roof, also it's load bearing, as Solar panels are heavy.
I have room for more, but my roof comfortably supports 12 without exceeding it's weight limit.
I could have put more on but I have about a 20% contingent on weight, but then things get complicated if you want to go above a 5 KW system. All types of permissions required and so the costs increase.
Sorry Kat to answer your question in full.
I can passively feed to the grid and that is set on my control panel, so I set when it feeds to the grid due to my battery charge.
I always have that element at 100 percent except between 4pm-7pm when it's set too 20%, so takes power from my panels and battery.
And at 2am-5am it is currently set to 40%, so if not at that level it charges my battery at the cheapest rate.
I will of course sell back the excess power the next day at around 300% profit.
Kat it's connected to the grid. The reason is I have my battery drained every day between 4-7pm this gives me money, I also get income during the day once my battery is charged. In the summer my heat pump is turned off and I use a device called an IBoost. To supply my hot water.
I buy back a small amount of electricity during 2am-5am in the morning, so I have enough hot water before the sun rises.
I use about 4 KW a day during the warm months and one day this January used 12kw, but winter months about 9-10kw.
Yes so no costs to me even during the winter, as I make a small amount of money then, but make a lot more during the summer.
One big plus for me is my roof is 1 degree off south, so get great coverage.
You want a system connected to the grid so you can take advantage of selling high and buying low.
These days you definitely want a battery and modern batteries like mine, don't quote cycles, they can last twenty or thirty years and who knows what battery technology will be like in 20-30 years time.
It's going to be better than today.
So in short with the money I get back, that pays my broadband, my water meter, and my building insurance.
My only outgoings are my council tax, Mobile phone and car insurance and cost of running my Citroen picasso.
Plus food which is under 800 pounds a month, not bad as I currently spend about 100 pounds a week on food.
The rest of my income is spending money.
Easy to retire if you put some thought into it.
Thank you Scott, I was late to the party, as have one particular friend who got in on the first fits payments and the payback was under 7 years. He doesn't have a battery.
You are correct as the government scheme on heat pumps has gone from 5,000 to 7,500 pounds.
Have a look at octopus energy heat pump scheme, as they not only fit the heat pump, but also sort out your hot water and central heating and at a much reduced rate. Good luck.
I have 4.86 KW and a 9.5KW battery.
I am with Octopus Energy.
They purchase 80% of my battery storage every night between 4pm and 7pm
Then I buy 20% back between 2am to 5am at about 0.25 of the price, so I never run out.
I also export excess during the day at a variable tariff.
Again Slug you are unable to read and understand.
Well remembered I do have a Picasso, but I said clearly that I could run an electric car for nothing because of all the extra power I generate. Also future EVs will generate their own power .
Little article for you too read, so you don't remain stupid all your life.
https://newatlas.com/energy/sand-battery-finland/
Highwayman without this debate, Solgold wouldn't have a future.
We require copper because their is a big deficit coming.
Understand climate change to understand the future that copper gold and silver are going to play.
Otherwise why are you invested.
Kat wrong again I have a small solar system in place.
I have totally free energy and in the summer months I recieve about 150 pounds per month, I even make money in the winter months, just not very much.
I have energy efficient appliances and am always reducing my footprint.
I don't yet have an electric car, but again will not pay a penny for fuel.
Lots more advances to come on line, that will make me more money in the future and supply my neighbours with power.