RE: Statagen webinar25 Apr 2019 22:27
Well that was very good if you are a Bushveld shareholder.
Really great to hear the World Bank talking explicitly about their views on the rapidly developing energy storage market and the role they are and intend playing. The presentation was focused on emerging markets and the opportunities and challenges that lie ahead for these nations.
There were a few key take aways for me. I am sure others listening may share their thoughts.
Firstly, and importantlyhe World Bank are agnostic on technologies. They know absolutely thst it is not a battle between technologies. It is going to take a multitude of technologies to actually realise the scale of energy transition being set out across the world by cities, countries and continents. For example, as we know there is already heavy demand on lithium for EV, devices and short duration storage and this directly affects the price of larger grid storage. This is not sustainable as the industry scales up unless augmented fully by other technologies pulling their weight where they are most suited – effectively spreading the load.
They are deeply committed to ensuring emerging nations have sustainable, future-proofed technologies that are appropriate to local context and requirements. This means selecting the best technology for each situation and that by definition places enormous importance on availability of resources, ongoing costs, geography, ongoing maintenance and life cycle.
Local beneficiation is often discussed as a key benefit of Bushveld Energy’s offering, but when you hear TWB discuss the above, you realise it’s much more than that, it’s the key to establishing a clean, self-sustaining, job-creating, low cost, long-lasting, locally autonomous and absolutely effective energy infrastructure within each of these nations. This is absolutely why so much emphasis is placed on it for the Eskom project, a project that for South Africa is so much more than just about proving a stable grid. It can be a game changer, catalysing the development of emerging markets and their economies. And they can capitalise quickly because they can be more agile, if supported effectively by legislation changes and the right international partners / funding.
There was reference to SA during two of the three speakers presentations, and Eskom. Clearly in theye ofSA is front and centre alongside countries such as India in terms of clear and present opportunity.
You can see just why Fortune is so confidently talking up scaling electrolyte production to the volume he is. We talk a great deal about this on this BB, but hearing it in black and white from the people who are helping drive, fund and facilitate it was brilliant. If BMN are going to capitalise, as BBN described so well earlier, the moves ahead have to be soon and substantial because as much as we talk about it, we will have a vanadium hungry electrolyte plant and a mining business meeting the growing demands of the steel (and other) industries.
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