RE: 4 days left this week29 Nov 2022 10:48
Cellcube definitely seems to be going places & there will be a clear way to see the market valuation for it via Mustang
A friend just sent me this SP Angel snippet
Bushveld Minerals* (BMN LN) – 5.19p, Mkt cap £67m – VRFB manufacturer CellCube in talks to build Australian gigafactory
(Bushveld Minerals* owns 27.6% of CellCube)
Vanadium Redox Flow Battery maker CellCube and energy storage developer North Harbour Clean Energy (NHCE) are reportedly in talks to develop a factory in Australia with 1GW/8GWh annual production capacity.
The two groups have signed a cooperation agreement for the construction of an assembly and manufacturing line of long-duration energy storage (LDES) assets like flow batteries to participate in the Australian electricity market.
According to NHCE, the initial production capacity will be at least 40MW/160MWh before scaling up to 1,000MWh/8,000MWh per year.
NHCE has recently signed an agreement with Australian Vanadium, who hope to be in a position to supply vanadium electrolyte for a vertically integrated flow battery business in the country from extraction and processing upwards.
*SP Angel acts as nomad and broker to Bushveld Minerals
TTP