Member Info for Slinkyfink

Wasn't supposed to post yet...

What I was going to say is that the LSE figures aren't really reliable, but is there a way to tell what the buy/sell has been over a period of time - one that is pretty accurate?

On days like this I often check the buy/sell ratio as it's often the case that it is out of kilter with the SP movement.
SO Vol. Sold 2,113,752
Sold Value £335.03k
Vol. Bought 3,636,947
Bought Value £576.46k
I know the LSE figures aren't reliable,

I see that one of our listed BE partner/collaborators Sumitomo built out the demonstration VRFB in California that has been running since 2017.
https://www.energy-storage.news/news/japan-california-funded-flow-battery-used-in-tests-to-help-achieve-zero-emi

"Now, the project’s scope has been extended: around 70 electricity users will be connected to the battery storage system and its ability to run a microgrid, isolated from the main grid, will be trialled until December 2021."

Hard to see why the SP was moving lower today when you look at the buys vs. sells.

# Trades 430

Vol. Sold 752,934
Sold Value £124.23k

Vol. Bought 7,815,984
Bought Value £1m

Nice bit of publicity for VRBF's...
https://www.ft.com/video/98272dcd-9447-4c02-a506-492004092798

Article doesn't really tell us anything new, but V is definitely getting a lot of exposure at the minute.
https://stockhead.com.au/resources/chinas-big-battery-sector-lights-a-rocket-under-vanadium-prices/

“China is expected to install around 30-60GWh of new energy storage capacity by 2030, corresponding to 28,000-56,000 t/yr of extra demand for vanadium pentoxide during 2021-2030.”

@gambitxjs - 100% agree. We're different teams in the same sport . Excuse the sports analogues today, but it fits the narrative! I welcome any company that raises the awareness of Vanadium. Was very close to investing a little something in them myself but I missed it by days and the spike put me off. I don't buy on rapid spikes anymore as an investing rule.

The fact that THEY have had such a spike is good exposure for us too. The more exposure and investment our sector gets, the more it validates our 'first mover advantage'. This isn't about how many people get into V, it's about who has the advantage at the moment. We are many years down the road. We don't need to get into ****ging matches with a 'junior' (no offence). All this rivalry is counter active. I congratulate them on having a 'splash' in the market, and I hope when things level out we find ourselves at a value that levels us all fair value in relations to our value!

Build it and they will come!
VRFB's

Just out of interest... did the gov pre-announce any of the other LFT tests which are currently being used, or did they just drop them into the mix? Obviously the company would announce when they have CE mark, but do you think the gov will specifically mention a 'brand' in press briefings?
I just want to see it mentioned in the order book!

...weird it posted before I had finished & spell checked & clicked submit.

last line should be "BMN is already running the race. We are a leader..."

Just watched the interview. So they are only running the nursery school plant at the moment, and the full plant build will only be next year. A lot can happen in that time. TBH I know they are a competitor, but we are both in the same race, and the more people getting into the race only reaffirms that we are on the right track. I wish them well.
I'm sure we are going to need more Vanadium producers just to cover demand. If that prediction I saw the other day is true , re. the consumption of V on the energy side of things ramping up to 50% of demand p/y from what is now less that 1%, then we are going to need way more V producers just to make V a viable option.
BMN is already a trunning the race

Great interview.
There is so much noise building around Vanadium, I honestly believe it's going to blow the doors off at some point! So many high profile people/countries are starting to beat the drum, you can only think it's but a matter of time.
Maybe when there are some VRFB projects similar in size to what China's doing, then things will really ignite on the energy front. Can you imagine a Dalian size VRFB getting the go ahead in the US or UK?!

So whether it's next week, or a year from now, the longer the SP remains suppressed, the longer I build my stake.
TBH I really should stop as BMN is now double any of my other holdings, but it's hard when the eventual outcome becomes clearer to see each day :)

GLA.

Just been reading some articles on VRFB's, and came across this one which is about the VRB 100MW Hubei development. This news isn't new to this BB, but I hadn't came across this quote before which specifically mentions SA.

"Beyond China, the company (VRB) has stated it is in discussions with numerous developers and utilities in the U.S., Australia and South Africa for 100MW-class PV+VRB projects."
https://www.globenewswire.com/news-release/2021/03/15/2192967/0/en/VRB-Energy-announces-agreement-for-China-s-largest-solar-battery-a-100MW-solar-storage-project-in-Hubei-Province.html

Couple more interesting articles:

US Secretary of Energy: ‘Flow batteries are good for grid storage’
"US Secretary of Energy Jennifer Granholm said yesterday that flow batteries are “good for grid storage” as her Department of Energy (DoE) announced funding to support domestic manufacturing for the energy storage technology."
https://www.energy-storage.news/news/us-secretary-of-energy-flow-batteries-are-good-for-grid-storage

"According to Guidehouse Insights, flow batteries are anticipated to see the greatest decline in costs over the next decade."
https://guidehouseinsights.com/news-and-views/key-long-duration-storage-technologies-to-watch

US energy storage market shatters quarterly deployment record
https://www.woodmac.com/press-releases/us-energy-storage-market-shatters-quarterly-deployment-record/

"Australia's Atlantic Vanadium is also upbeat on the outlook for VRFBs ... Atlantic expects the battery sector to account for 50pc of demand by 2025 — a rapid rise given batteries accounted for just 0.3pc of vanadium consumption in 2020."
https://www.argusmedia.com/en/news/2187258-upward-momentum-builds-in-vanadium-market

Vanitec Energy Storage Meeting videos
http://www.vanitec.org/vanadium/ESC-Meetings

Hi all,

I've been poking around the last couple of days trying to figure what other companies BE is affiliated with, and thought it might be good to create a thread which highlights these.

So looking at the BE Collaborations & Partnerships page you see the expected ones:
- Bushveld Minerals & Vanadium
- IDC – The Industrial Development Corporation (SA)
- Bushveld Belco (Electrolyte division)
- SAESA – The South African Energy Storage Association
- Vanitec - association of vanadium producers
- VRBF OEMs - equipment manufacturers of VRFBs

In regards to the last one there is a pic with a bunch of logos. It's out of date as it still shows RedT & Avalon which have now merged into Invinity. Here are the companies in that image - not sure which are still in the picture, and what others there may be.

- Schmid
- Volt Storage
- Thyssenkrupp
- GEFC
- Avalon Battery & REDT = Invinity of which BMN holds a percentage.
- Pu Neng
- PVH
- Big Pawer
- Nuriplan
- Solibra
- UET
- Proxhima
- Visible
- Shen-li High Tech
- Volterion
- H2
- WattJoule
- Storion
- Sumitomo
- Rongke Power
- HR

Besides the above I'm aware of connections with the below:
- Pivot Power (part of EDF Renewables) - BMN supplied the electrolyte via VERL to the Oxford Energy Superhub VRFB built by Invinity.

I'm sure I've forgotten many, and there may be others I'm not aware of, so please add to this list, and add any details against those already listed in order to fill in the blanks.

Have great weekends all,
Slinkyfink

There might not be a lot of comms coming from the company, but there sure is a lot of buzz around RE + battery storage at the moment.

Came across this last night when doing a little digging...
https://esmap.org/sites/default/files/ESP/31_Bushveld%20Minerals_vf.pdf

This 'presentation' is about Bushveld Energy and is hosted on the 'Energy Sector Maintenance Assistance Program' website:
https://esmap.org/energystorage

They happen to be connected with the World Bank Group who are committing billions into battery storage development.
https://www.worldbank.org/en/news/press-release/2018/09/26/world-bank-group-commits-1-billion-for-battery-storage-to-ramp-up-renewable-energy-globally

Good find that. At least it shows that BMN/BE is rubbing shoulders with some of the local industry leaders...

Until they do ramp up comms - particularly in regards to BE - at least we have the numbers which speak for themselves.
It's going to be hard for these to be ignored when they tell a story of exponential increases in output, and increased yields on these outputs due to V price appreciation.

In regards to there being no limit on MW or license required for power that isn't connected to the grid, that is going to be a very interesting one to watch.
Considering 6 municipalities have already announced that they are getting off the Eskom grid, how many more will follow? This could lead to the rollout of some pretty major micro-grids, which would be a perfect fit for VRFB's!

Nice to hear the mention of renewables coupled with storage, and local content. In regards to local content they said they were looking at what will be in place locally by the time roll out happens.

An electrolyte plant perhaps???

No license required if not connected to the grid.
Threshold increase from 1MW -> 10MW.
50MW denied.

Just saw this article.
https://www.pv-magazine.com/2021/03/15/iron-redox-flow-battery-promises-to-store-power-at-e0-05-kwh/

It mentions that a V company is involved in this, but I'm curious if this "iron redox flow" uses Vanadium in a different way to a traditional VRFB? Sounds pretty good, and there is so much innovation going on with these flow batteries.