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Morning all.
Just wondering your thoughts on what kind of S.P you think might be possible here.
Thank you
Just bought in here.
Should have bought in here last year in the 2p range but ummed and arred.
Still think 7p a good buy in price
Nothing to apologize for Numpty5, great idea.
Morning all.
Ive always been uber positive about BMN but the lack of comms is beginning to do my head in.
Been here approx 3 years and at pretty much break even point but over that time always loaded up buying BMN shares and missed so many opportunities elsewhere.
So overexposed here which is never a good thing but Im torn between selling some of my BMN shares to invest elsewhere in order to diversify my portfolio and keeping the faith a little longer.
After 3 years I expect some financial gains by now.
Aaargh!!
Frustration beginning to show!!!
Great email Sammy58
Excellent and to the point. Hope you get a reply soon. I understand that you have spoken to your M.P on a few occasions and was wondering if She gave any indication of when this might be debated in the houses of parliament.
Also do you mind if I use sections of your message to add to my correspondence with my M.P and/or peoples or organisations Im contacting over this?
Have a great weekend
Faramog I agree with you that the point that lithium fires cant be put out. Perhaps something writing to their M.P could add this fact to their letter.
BakedPotato I agree that numerous letters to the same M.P could loose impact so I'll start off the list of letters to my M.P and if anyone could be so kind as to add their M.P to the list as they message their M.P
Of course these batteries when hooked up to solar/wind farms greatly reduce pollution as we as consumers rely heavily on fossil fuel power stations during peak demand times in the evenings when the sun doesnt shine or the wind doesnt blow.
Im really concerned about companies such as tesla (lithium batteries) installing these in peoples houses where as I see it thermal runaway will occur and potentially people can die through fire or explosion as these batteries degrade.
https://www.tesla.com/en_gb/ powerwall
There are safer alternatives on the market and more companies will most probably come on stream over time.
https://voltstorage.com/en/
In south korea, they had to stop the roll out of energy storage completely due to the number of fires due to lithium batteries. South Korea have now switched to Vanadium Flow Batteries for that reason alone.
Thank you so much for listening to my concerns.
Very many thanks
continued...
By contrast, vanadium redox flow batteries store energy in a solution of vanadium that is about 95% water and, therefore, not flammable. They do not degrade with every charge cycle like lithium ion and can be run flat without damaging them, unlike lithium ion, so their life-span is about 3 times that of lithium ion and, after that time, the vrfb can be reconditioned whereas lithium ion cells would have to be expensively dismantled and recycled after 10 years.
I believe vrfbs are the future but, that notwithstanding, am terrified that ‘big money’ has invested in lithium ion batteries; that the fire risk will be hushed up and they will be foisted on us by ill-informed or callous companies.Please lobby to prevent grid-scale lithium ion batteries in the UK.
Taking into account the size of the battery planned by Pivot Power in Coventry (please refer to attachment)
The key statement is on page 90:-
"From this calculation, the expected heat of combustion (heat output from the combustion) of an individual 18650 cell is
approximately 280 kJ. The individual cells in the battery pack likely contain between 7 and 11 Wh (25 and 40 kJ) of energy when fully charged."
Thus the heat of combustion of a Lithium-ion cell is approximately 10 times the electrical energy storable in that device.
50MWh is equal to 50 x 3600 MegaJoules = 180 Gigajoules. This is the electrical energy storable. The potential energy produced in a fire or explosion is ten times this - so the approx 1800 Gigajoules you have outlined.
This 1800 GJ is approximately half of the 3850 GJ liberated of the 2700 Tonnes of Ammonium Nitrate stored at beirut port. The Beirut explosion had an equivalent force of 1,800 tonnes of TNT thus the Coventry battery is equivalent in energy to around 900 tonnes of TNT
This coventry development is to be located at Parrots Grove, Coventry near a housing development and another one planned in brimingham so a major cause for concern.
If you could look into this it would be greatly appreciated and please feel free to forward to whoever you feel may need to be advised on this matter.
I sent this to my MP and await a reply. I can't take credit for this as it was a cut and paste I put together from several posters on here last year.
In addition to contacting my M.P I have also contacted my local emergency services to warn them of the risks.
Please use and feel free to cut and paste as you see fit.
As the world transitions to using intermittent renewable energy, there will be a growing need for grid-scale battery storage. There are several technologies available, but the two current stand-out batteries are lithium ion and vanadium redox flow batteries (vrfb) because of their ‘round trip’ efficiencies. Lithium ion batteries are unsafe.
Lithium ion batteries don’t catch fire very often but when they do, the combustion products are (obviously) heat, often explosion, large volumes of poisonous hydrogen fluoride and other noxious fumes. For this reason alone, they should not be sited anywhere near or upwind of where we live or work, rather like nuclear power stations.
The nature of ‘big’ lithium-ion batteries is that they consist of many small cells wired together to give the power to drive, say, a car. The ‘entry level’ Tesla 3 is powered by 2,976 ‘2170’ (21mm diameter by 70mm) long cells arranged in groups of 31 (75kWh total). Lithium ion cells are prone to physical damage either during manufacture, installation or use and that damage can cause ‘thermal runaway’ in a single cell. That cell causes its neighbour to overheat which cascades until you have a catastrophic fire. The electric car that Richard Hammond famously crashed in Switzerland whilst filming The Grand Tour burned for two days as its batteries were slowly consumed by their own fire. More recently , a 2MWh lithium ion battery caught fire in Arizona, causing life-changing injuries to two firemen (https://spectrum.ieee.org/energywise/energy/batteries-storage/dispute-erupts-over-what-sparked-an-explosive-liion-energy-storage-accident). I can cite dozens more fires.
As grid-scale batteries storing hundreds of megawatt-hours of electricity charged by wind or solar farms are going to become ubiquitous, there is enormous business opportunity for grid-scale battery manufacturers. Lithium ion battery manufacturers, clearly, would like to down-play the risk of fire with their technology in order to secure some of that market. The purpose of my email is to highlight the risk associated with large lithium-ion batteries so that if you hear of any proposals for them, you might steer companies away from that technology. I would prefer us to have learned the lesson from the Arizona fire rather than wait for a disaster in the UK, but fear Oxford Energy Hub’s 50 MW lithium ion battery currently under development may lead to us repeating American mistakes.
Me too bushy100
https://twitter.com/somtam67/status/1385223632847347723?s=07
Good afternoon.
Can anyone please assist as Im going to be writing a letter to my mp regarding lithium v Vanadiim.
Had a lovely chat on the phone a few minutes ago and is very interested in the fire risks plus any other additional info ie: you tube video links etc
Thank you so much
Love to see positive posts from Libero.
If 20p is a good buy price, where we are now is truly amazing.
No one has a crystal ball so DYOR and YOU,no one else makes that judgement on whether to sell, buy or hold at any given time.
Vauch I agree that vanadium cant be used in electric vehicles, hope my post didn't create any confusion.
I was trying to highlight the danger of lithium to the masses and that mass storage wont be touching lithium with a bargepole
Last night I posted a sad post where 2 people died in an electric car which only highlights the fact that lithium will be used less and less making VRFB the go to mass storage batteries globally. The two big superpowers are fully committed to this agenda, the rest of the world will catch up over time.
Bmn are fully aware of the supply deficit and increasing V price, we will be producing more year on year making us £££££.
Next year we will have the electrolyte plant up and running.
The whole world is going green. This is no fad, this is permanent and BMN are slap bang in the middle.
No brainer in my humble opinion.
Many others can quote figures better than me but even from a layman's perspective this must be the top shares of the century about to unfold.
So sad to hear of this loss of life https://www.dailymail.co.uk/news/article-9484391/Two-die-Tesla-auto-pilot-no-one-driving-crashes-tree.html