RE: Oil Death Spiral7 Aug 2019 21:30
YTSS - There is no doubt in my mind that the next 10 years will see a huge change from ICE (Internal Combustion Engine) to Electric Vehicles and that range and battery life will improve. The move away from Petrol and Diesel will massively impact the oil and gas industry. We will also see a move towards higher electricity use in our homes, due to vehicle charging as well as other products. Then when we look at air source heat pumps which will mean less need for gas and oil will all need more electricity. If we are to move to renewables including solar, wind and even wave power generators as well as other potential forms we will reduce emissions, but only with a balanced distribution grid. This means energy storage at strategic locations around the grind to reduce transmission distance, to allow power distribution at low energy usage times of the day so we have the power we need locally to the point of use. This will mean lots of energy storage across every country of the world to build balance grids. In countries where there is no power distribution, then multiple mini-grids to give communities power where there is currently hardly anything. This is why stationary energy storage is critical to the future of the planet and reducing global carbon emissions.
We talk about VRFB as this is our focus using vanadium, but the reason is not only because the technology is our client, but because it is the best technology for stationary storage. Up to 30-year life span, (the limit is not the electrolyte but the power stack, which is likely to be easy to replace, so the VRFB can be easily updated and renewed, without the need for new tanks and electrolyte. This means their life is potentially huge. Also compared to the Lithium-Ion systems which will have to be replaced every 10 years and the depth of charge will reduce over time. This will make them exceptionally expensive, and they could kill the market. So for the energy distribution network, they need to choose the right technology. VRFB have no risk of fire or thermal runaway so they need no cooling either, which is a massive factor. The more you gain an understanding in this technology the easier is to see why this investment in Bushveld Minerals makes so much sense. Vanadium will play a huge part in the steel strengthening market, the developing world will use more steel no less, and a massive part in stationary energy storage.
So remember that Bushveld Minerals has the largest high-quality vanadium reserve on the planet and huge potential for massive upscaling the business when it is required. Vanchem with 4 Kilns (4 times the potential of the current Vametco plant) is key to low-cost expansion. This businesses growth potential here is off the scale if you start to look at this carefully. they have no debt and making already over $1 million per week and this is increasing.
I hope this helps all looking in this evening.
Cheers, RK
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