Mustang Energy Share Discussion Threads

[dontay] 05/10/2021 17:33

Wiener Neudorf, Austria / Oldenburg, Germany, October 6th, 2021Two proven experts joined forces to address the increasing demand in decentral flexibility behind the meter to both integrate more renewable energy like solar roof top and cover local peak demand coming from EV chargers. This comes as a result from the highly future-oriented project ‚Electric City' with Rhine Main University of Applied Sciences (in Ruesselsheim, Germany) initiative, in which be.storaged GmbH has won a competitive public tender as general contractor for all engineering and energy management services incl. PV integration and providing an energy storage system.Be.storaged, the expert in engineering customized energy management solutions and operating BESS of different technologies, brought on board Enerox GmbH, an Austrian based global tech leader for sustainable and save, long-duration storage of renewable energy. The company's 'CellCube' battery is run by a vanadium electrolyte-based technology 'VRFB' which is the only flow battery technology available to provide industrial grade and proven long-term energy storage services of more than 10 years. For the 'Electric City' project be.storaged and CellCube have chosen the CellCube FB 200-400, delivering 200kW rated AC power and 400 kWh capacity, to serve best the requirements of the Microgrid to integrate PV and local demand incl. EV chargers. It comes alongside be.storaged agent-based Energy Management Software and customer specific solutions complying with all given environmental requirements incl. reduced noise emissions. In this specific project the Rhine Main University of Applied Sciences is providing scientific support for the 'Electric City' project. It is involved in the project with two departments, Engineering and Architecture and Civil Engineering."We are glad about working on a groundbreaking microgrid project jointly with the local expert be.storaged and look forward to the system's final installation and operation start, before the end of 2021. Our joint microgrid solution for Ruesselsheim serves as a reliable EV charging backbone and is one further example of the importance of flow batteries enabling a more sustainable and qualitative energy transition", says Alexander Schoenfeldt, CEO of Enerox GmbH, owner of the brand 'CellCube'."For be.storaged the cooperation with CellCube is the ideal complement to our product portfolio. It is clear that the challenges ahead cannot be solved by one storage technology alone. It will be crucial to be able to offer our customers as broad a portfolio of solutions as possible and the corresponding practical experience with the respective technology. Therefore, we are very happy to enter into this close cooperation", emphasizes Dr. Magnus Pielke, Co-CEO of be.storaged. "In the coming months we want to bring our innovative energy management system into this cooperation as an interface between the Enerox product range and the industry use cases, in order to be able to efficiently integrate the use of the CellCube systems in customer plants and to optimize them across the board in daily use", adds Hendrik Brockmeyer Co-CEO of be.storaged GmbH.For the upcoming massive demand in Germany to achieve Green-House-Gas emission targets, CellCube and be.storaged will jointly go-to-market and align engineering and deployment services, specifically for use cases in which energy storage is required to offer up to 16 hours of storage and which can be operated more than 15 years without any performance degradation.About CellCube – Enerox GmbHUnder its trademark 'CellCube' the Austrian based Enerox GmbH develops, manufactures and distributes vanadium redox flow batteries. 'VRFB's are sustainable, long-duration energy storage systems, improving and securing the consumption of energy from renewable sources. Enerox is a developing pioneer and the global technology and industry leader in its field of operation. The bankable VRFB systems suite various microgrid applications alongside four focussed business segments: renewable energy storage for industrial customers, commercial and private deployment, green energy storage for remote microgrids and island solutions as well as long-term back-up systems for green and critical infrastructure facilities. CellCube systems are currently operating in over 130 sites on the planet. www.cellcube.comAbout be.storagedbe.storaged operates as EPC and combines machine learning, edge computing and state-of-the-art battery technology to create effective energy storage systems. By massively reducing energy costs, we enable companies from the fields of industry, trade/commerce and e-mobility to sustainably secure their competitiveness – and possibly even expand it. The efficiency of our solutions is based on three things: deep data analyses, state-of-the-art battery technologies and AI-supported energy management software. www.be-storaged.comHttps://www.cellcube.com/cellcube-and-be-storaged-co-operate-for-long-duration-energy-storage-delivering-joint-microgrid-solution-for-electric-city/

[dontay] 04/10/2021 18:54

Borromeo is very best buddies with FM, BMN's CEO. He and his family were the original shareholders and founding members behind BMN's listing. Berromeo is the owner of Arcacia Resources. Berromeo is one of the largest major shareholder in BMN. Berromeo became the majority shareholder in MUST which instigated the rto plans.When VRFB Holdings Ltd was incorporated (in Guernsey on 3/12/20) the share ownership was 66% Borromeo's Acacia Resources and 33% BMN (not BE). So the obvious conclusion is that the remaining 27.4% of VRFB-H's shares (after accounting for Mustang's 22.1% and BE's 50.5% ) that we didn't know about, belong to Acacia. Also, when Enerox Holdings Ltd (EHL) was incorporated the ownership was 50% BMN and 50% Garnet Commerce Ltd. Garnet Commerce is based in Alberta Canada and owned by one Dean Petersen, a HNW individual with a more than passing interest in Vanadium. At one point about 5 years ago he was a buyer of about $1.5m dollars' worth of Largo shares. Finally, on December 10th 2020 Stephen L Prince, ex CEO of Younicos, was appointed a director of EHL on December 10th, and to the Cellcube board at about the same time. He is so a special advisor at Alexa Capital, an international corp finance advisory firm with a focus on 'the energy transition'. It's not clear if his appointment is associated with another, as yet unknown member of the mysterious consortium, wishing at the current time to remain anonymous... that's involved with the BMN's spiders web. Imo, this rto is only the tip of of a long, far reaching, ongoing big game being played buy some major players of the investment world. Interesting also, that a mainstream investment giant, Schroders are continuing in building a large stake in IES and even Siemens are getting involved. Imo, there is much more to be revealed and more moves will be made before all these strands get brought together under one huge industrial umbrella.Such is the way industrial dynasties are built.

[megaman2] 03/10/2021 21:04

Must Twitter..it's interesting that they have put in bold a section of the must recent rns ...relating to exploring further investments and a relisting. Why bother when must is suspended...don't forget acacia resources are already a shareholder and are also invested in bmn. This is an apt time for bmn to move to a main listing imo . Is it bmn that must are progressing their strategy with to relist?

[megaman2] 01/10/2021 14:23

Let's hope it's still relevant to must...

[dontay] 01/10/2021 14:08

58 Follower:innen2 Std.Only a few days left till ees - electrical energy storage in Munich opens its gates! Visit us at our booth no. B6.558 and learn everything about CellCube's Vanadium redox flow battery solutions for sustainable, long-duration storage of green energy.See you at Europe's largest exhibition for energy storage systems – from October 6th – 8th, 2021.www.cellcube.com#cellcube #energystorage #renewableenergy #microgrid #evcharging #vanadium #redoxflow

[megaman2] 30/9/2021 14:03

Bmn is aim listed and it has talked about a main listing and also a jse listing . To list on jse it is a requirement to be on the main market so actually it could well be a possibility . Also depending on the v price bmn might need to raise some cash which could coincide.

[chutes01] 30/9/2021 12:37

could be curtains here

[presto77] 30/9/2021 12:33

Rubbish. It means MUST needs to do a deal or its curtains. You can only be suspended for so long before a full relist requiredBMN is already listed. Wtf does it need to participate in an rto.Btw Any Rto on Standard needs a £50m threshold under the new rules

[dontay] 30/9/2021 12:06

The 'delay' and their strategy of "exploring further investments in the energy storage value chain and renewable energy projects development space and how these might facilitate a relisting of the Company's shares" ... may not be as negative as some will imagine.It could mean there are also plans being made to incorporate a RTO of BMN at the same time... it would be an ideal short cut route to get Bushveld off AIM and listed on the main market, which is highly desirable for them ... and could be, imo, being seen as an ideal opportunity by ALL the associated main investors and company 'players' ... to expand this rto move and turn it into a much bigger event than originally planned.

[megaman2] 30/9/2021 09:49

Oops I thought it was a press quote...yes I saw it now....

[skyship] 30/9/2021 09:00

Today's RNS - see Header!!!

[megaman2] 30/9/2021 08:00

Thanks for posting doesn't look good . Can you put a link to the source?

[begorrah88] 30/9/2021 07:12

Dean Gallegos, the Managing Director of Mustang Energy, said: " We appreciate shareholders patience at this current time. The Company has been in active discussions with the counterparties to the transaction announced on 27 April 2021. In addition, we continue to progress the previously articulated strategy of exploring further investments in the energy storage value chain and renewable energy projects development space and how these might facilitate a relisting of the Company's shares."

Does that suggest that the only current route back to relisting is if they can progress a different path to the one involving BMN? That is presumably jammed up with the Garnet action.

Presumably something has to give before they put out the results otherwise why delay them?

[dontay] 26/9/2021 10:52

Gonna need lots of CellCubes!Portliner aiming to build 500 VRFB powered ships per year.The Netherlands: Port-Liner Project.Based in the Netherlands, Ton van Meegen, inland waterways entrepreneur in the Nijmegen Area, Netherlands has started up Port-Liner Holdings CV to develop a fleet of fully-electric crewless container barges to transport freight initially from the ports of Antwerp, Amsterdam, and Rotterdam.Called "Tesla ships", One Kempenaar-sized vessel called the Tempsnip is 170 ft (52 m ) long and 19ft ( 6.7m) wide, and able to carry twenty-four 20ft (6 m) containers weighing up to 468 tons (425 tonnes).Its electric motors will be driven by 20-ft (6 m) Vanadium Redox Flow Batteries (VRFB), giving it 15 hours of power, charged on shore by the carbon-free energy provider Eneco.Although designed to operate without any crew, EC52 will be manned initially. Adjustable wheelhouses enable them to go under 5m60 (16 ft) bridges, while by flooding its ballast tanks, it can further reduce its height.The EC 110 version has a length of 328 ft (100 m) and a width of 38 ft (11m45), to load 14 containers of 20 ft (6 m). or 7 containers of 40 ft.(12 m) or any combination of the two sizes with four E-Powerboxes would have an action radius of about 30 hours (143 mi or 230km). This allows the vessel to easily cover the Rotterdam/Antwerp/Duisburg corridors, at competitive cost compared to conventional diesel propulsion.The ship can be customized (dimensions, cargo type ) up to 7700 tons (7,000 tonnes).Port-Liner submitted a project under which it will build five hybrid barges that will ply between De Kempen intermodal terminal in the Netherlands and Antwerp.Thanks to these hybrid barges there will be 23 000 fewer diesel trucks on the roads annually and a reduction of about 18,000 tonnes per year of CO2.According to a report from transportation news site Elektrek, the 100 millioneuro (US$122 million) project has been supported by a €7 million (US$8.6 million) subsidy from the European Union, with Loadstar also having reported that the Port of Antwerp had added a €200,000 (US$245,000) subsidy as part of a wider initiative to improve its port's efficiency.Port-Liner can build 500 of these ships per year.Https://inlandwaterwaysinternational.org/wp-content/uploads/2021/02/IWI-Alternate-Fuels-Case-Histories.pdf

[dontay] 22/9/2021 14:48

Primorus swings to loss as it looks for 'exciting' new investments.Primorus Investments reported an operating loss of £0.12m in its first half on Friday, swinging from £3.29m profit year-on-year.Financial Services22/09/21The AIM-traded firm said total assets including cash at period end on 30 June amounted to £9.17m, up from £8.09m a year earlier.It described its balance sheet as "strong", with no debt."The last six months have been a very busy time at Primorus," said chairman Rupert Labrum."The board has spent considerable time reorganising the company and its balance sheet to provide investors with what it believes to be a low cost, high impact strategy underpinned by the revised investing policy."The board has reduced the overall operating costs, appointed a new chief executive, fully appraised all the current investments, and pursued new investment opportunities."Labrum said the results of the appraisal of the firm's existing investments led to it increasing its holdings in Fresho and Engage which, along with Zuuse, were the three companies from investments made before November 2020 that the directors believed would deliver the greatest shareholder returns.In addition, in April Primorus made a new investment into Mustang Energy to gain exposure to the vanadium flow battery storage market.The board said it believed that the sector, along with other forms of renewable energy and clean technology, was going to be a "financially rewarding market" to be invested in."The board remains confident that significant opportunities exist for the company going forward," Rupert Labrum said."We look forward to the remainder of 2021 being a period in which we can further demonstrate our business model which is now underpinned by the new investing policy."Primorus' directors were currently reviewing several "exciting" investment opportunities that were aligned with its new investing policy, Labrum added."The board has been screening several opportunities and has identified at least one that could begin to generate value for shareholders this calendar year."shares in Primorus Investments3.90p13:05 22/09/210.00%Https://www.sharecast.com/news/aim-bulletin/primorus-swings-to-loss-as-it-looks-for-exciting-new-investments--8085298.html

[dontay] 21/9/2021 14:00

POWER PROJECTS in India!Our pleasure to announce that we have bagged a project in Philippines to model Batter Energy Storage System for dynamic studies. The scope includes preparing the dynamic model and user guide for the the following BESS and fly wheel1. Tesla Powerpack 2. Delta PCS with CATL Battery3. CELLCUBE PCS with Redox flow batteries4. Amber Kinetics PCS with FlywheelThis combined system is going to be installed in distribution system for multiple applications such as 1. Peak shaving2. Renewable smoothing3. Spinning reserve4. Voltage supportWe appreciate Selvakumar S for bringing such wonderful business. Congratulations to Dijo VJ and Suriya kumar for execution.For any enquiry related to Power Systems Studies, renewables, Energy storage and Microgrids requirement do get in touch with us [e-mail]@powerprojectsindia.com+91 9894578833+91 9962188337#renewables #energystorage #batteries #battery #electricvehiclesHttps://www.linkedin.com/posts/power-projects_renewables-energystorage-batteries-activity-6845963243576532992-_1mC

[megaman2] 20/9/2021 12:31

Johnny I agree with most of what you said . However all the shareholders of vfrb-h did the deal as it says must subscribe for 22.1% of vfrb-h so all are diluted and it's bmn who have provided the backstop. It's irrelevant to must who got a free ride but surely it should have been bmn ? Or at least bmn should have had half their money refunded as they have been diluted.

[jonny_wright] 20/9/2021 11:57

We've got 3 months to get this sorted

[jonny_wright] 20/9/2021 11:56

EHL resolved to raise $30m from its shareholders.VRFB-H contribution is half of this. So $7.7m came from BEL and $7.5 from MUST.The MUST payment bought them 22.1% in VRFB-H but the payment went towards the $30m capital raise. It's all there in the RNS.The other 27.4% shareholder hasn't paid anything presumably because they did a deal with MUST to get them onboard.The other $15m has come from other EHL shareholders who are not obliged to reveal the details.If the 31 December deadline is not met then the MUST shareholding in VRFB-H is bought out by Bushveld Energy by issuing BMN shares.

[begorrah88] 20/9/2021 11:40

Quite a detailed conversation going on in the BMN thread about the situation. All just speculation but interesting while we wait for something to happen.

[dingdong62] 20/9/2021 11:30

stevedd3 i was wondering the same thing. still no news?

[stevedd3] 17/9/2021 14:02

No sign of this relisting yet?

[dontay] 16/9/2021 14:17

This is (imo) the specific opportunities that Enerox is being prepared and set up to take advantage of.16TH SEPTEMBER 2021 South African energy project finance specialist estimates that the country's near-term battery energy storage project pipeline could grow to about R53-billion over the coming three years, potentially making the country one of the largest adopters of such systems globally.The estimate includes assumptions not catered for in the country's Integrated Resource Plan of 2019 (IRP 2019), however, and also assumes large growth in private battery storage investment.Futuris Advisory founder Bertie Strydom, whose previous 20-year stint at the Industrial Development Corporation included a strong recent focus on the development of a domestic energy storage industry, calculates that the pipeline could grow to about 3 746 MW/14 648 MWh, once Eskom and private projects were aggregated."If we take a conservative estimate of saying that these solutions can be deployed at about $250/kWh, we are taking about an investment of R53-billion," Strydom told participants to a webinar hosted by the South African Institute of Electrical Engineers on Wednesday.The pipeline outlined by Strydom included:the 513 MW/2 052 MWh allocation for 2022 in the IRP 2019;Eskom's tenders for 197.5 MW/827 MWh of battery energy storage across seven sites; andthe five non-gas projects named as preferred bidders under the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPPP), which will have combined battery storage of 640 MW/2 475 MWh.However, he was also of the view that some battery storage could be added to the 1 000 MW of solar photovoltaic (PV) and 1 600 MW of wind currently being procured under the Renewable Energy Independent Power Producer Procurement Programme, at a RMIPPPP-type ratio of 82.5% storage to contracted capacity.Should that be the case – a proposition not currently catered for in the IRP 2019 – another 2 145 MW/8 294 MWh could be added to the pipeline.Likewise, should 10% of the 5 000 MW of new private embedded generation that could be added in the wake of the recent 100 MW reform involve storage a further 250 MW/1 000 MWh of additional batteries could be injected into the pipeline."What this tells us is that better storage presents the country with a huge opportunity."We have very limited local technology and capacity to deliver on these opportunities in the short- to medium term and unfortunately, therefore, the biggest portion will leave our shores and go to other economies," Strydom said, while arguing that battery energy storage represented a significant localisation opportunity.Speaking on the same platform, Bushveld Energy CEO Mikhail Nikomarov expressed optimism about the domestic market outlook, as well as the prospects for localising battery storage systems."Last year, the sixth largest battery market for residential batteries was South Africa and on the utility side, Eskom has got a large programme and, in the risk-mitigation round, everything that was not a [power] ship had a large battery tied to it and we will probably see a lot more in future," Nikomarov highlighted, stressing that "batteries are already here" and the outlook is even more positive.He also argued that South Africa could not only localise for its domestic needs but could also become an exporter of battery storage solutions in future."I know this because we are doing it ourselves with vanadium: yes, we've got the vanadium in the ground, but we can also make the electrolyte and we believe we can do the batteries here ourselves. ((CellCube S.A. battery assembly factory next stop!)"And I think that opportunity is not limited to the vanadium version of battery storage, it is also possible with other technologies." Https://www.engineeringnews.co.za/article/south-africas-battery-energy-storage-market-poised-for-growth-2021-09-16/rep_id:4136

[dontay] 13/9/2021 19:33

US Vanadium Secures Feedstock, Acquires Arkansas Processing Plant From Saint GobainUS Vanadium has followed up a recent commitment to ramp up its flow battery electrolyte production with a deal to secure vanadium feed material and the acquisition of a processing plant near its existing facilities in Arkansas.The company said on 7 September that it had secured a five year supply of feed material from a supplier in India. The vanadium will be processed into vanadium oxides and downstream vanadium chemicals for a variety of off takers, including electrolyte for vanadium redox flow batteries (VRFBs).Vanadium is also used in aircraft as an additive to titanium-aluminium alloys in engines, in building construction and other industries to strengthen steel and other applications in its chemical form. The company said it has vanadium from other sources too.On 8 September US Vanadium said it has acquired a materials processing plant from French multinational Saint Gobain, which will enable more efficient grinding and roasting of vanadium feedstock ahead of chemical processing to turn it into the company's range of related products, like the vanadium pentoxide it uses in VRFB electrolyte production.US Vanadium CEO Mark A Smith said the acquisition of the plant is a vertical integration step which will allow the company to ramp up high-purity vanadium production "more efficiently and at a lower cost". The facility is in Benton, Arkansas, about 30 miles from the company's main processing plant in Hot Springs, Arkansas."This strategic acquisition gives US Vanadium greater flexibility and processing capacity for the various sources of vanadium feedstock that we utilise," Smith said.VRFBs enable energy to be stored for several hours, using liquid electrolyte tanks which can be scaled up in size to accommodate higher capacities of energy. This means that unlike lithium-ion batteries, the devices could be suitable for meeting the increasing need for long-duration energy storage as renewable energy penetration of electricity systems around the world grows.The electrolyte in the batteries also does not degrade even over many years or thousands of duty cycles and the amount of maintenance required is also considered to be less than for other kinds of battery. They also do not face the risk of thermal runaway which can happen in defective or misused lithium battery cells.Electrolyte supply is key to scaling up vanadium flow battery industryThe governments of China and the US have both identified the great potential of flow batteries as an enabler of high shares of renewables on the grid: China is supporting the building of several giant flow battery projects, while the US has put vanadium on a list of critical minerals and Secretary of Energy Jennifer Granholm acknowledged earlier this year that flow batteries are "good for grid storage".However, two of the chief stumbling blocks to the adoption of VRFBs have been that electricity markets are not yet structured to recognise their long-duration benefits and the upfront cost of a VRFB system is still higher than that of lithium - although their lifetime cost of ownership may be lower.In an interview for the latest edition of our quarterly journal PV Tech Power, University of New South Wales emeritus professor Maria Skyllas-Kazacos, one of the original inventors of the flow battery, explained that while refinements in the technology can be made to reduce cost and increase efficiency, vanadium electrolyte makes up nearly half of the total cost of a VRFB system.Lowering that cost could be key to the success of the VRFB, Prof Skyllas-Kazacos said, and strategies including having access to vanadium feedstock, increasing the overall supply of vanadium and making electrolytes local to where demand is, and even renting out the electrolyte - which can be recycled once a VRFB's project life is over - to customers, could help.Earlier this month, Energy-Storage.news reported that US Vanadium is expanding its vanadium electrolyte capacity to 2.25 million litres a year on the back of a deal to supply 580,000 litres of electrolyte for an 8MWh VRFB system that Austrian manufacturer CellCube is delivering for a US customer. US Vanadium and CellCube are partnering on the production ramp up, which the vanadium company said would require around US$2.1 million investment.www.ferroalloynet.com

[dontay] 13/9/2021 19:30

Chinese firms to promote vanadium energy storage.13 September 2021Major Chinese titanium and vanadium producer Pangang Group Vanadium/Titanium Resources and the world's largest producer of high-purity vanadium products and vanadium electrolyte Dalian Borong New Materials (BNM) will jointly promote the commercialisation of vanadium redox flow battery (VRFB) energy storage.The agreement, signed on 10 September, marks Pangang's entry into the energy storage industry, which will accelerate comprehensive utilisation of vanadium resources in the Panzhihua region and promote the upgrading of the vanadium industry.China's aim to accelerate a transition to lower energy consumption and to stimulate demand for renewable energy and energy storage products during its 14th five-year economic plan for 2021-25 has prompted many companies to develop new VRFB projects. VRFBs have a much larger energy storage capacity than lithium batteries. It is more effective for China's plans to achieve its target of peak carbon emissions by 2030 and carbon neutrality by 2060, according to market participants. China aims to install 120GW of new wind and solar power generation capacity in 2021.The firm has also expanded its layout in the vanadium industry recently. It acquired 100pc equity of Xichang Vanadium Products Technology on 6 August, which is expected to double its vanadium output after the acquisition.The firm on 4 September signed a cooperation framework agreement with key domestic vanadium flake supplier Sichuan Desheng to set up a joint venture focusing on processing vanadium slag. Pangang will contribute 65-70pc of cash capital, while the remainder will come from Sichuan Desheng. The joint venture will build a vanadium slag processing facility with 20,000 t/yr vanadium pentoxide equivalent of capacity.Market participants estimate around 9.25t of vanadium pentoxide is used in each MWh of vanadium storage battery. 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.BNM develops and produces high performance vanadium products. Its full product range includes vanadium oxides, vanadium compounds and vanadium electrolyte, which have applications in aerospace, energy, chemical industry and other emerging marketsHttps://www.argusmedia.com/en/news/2253359-chinese-firms-to-promote-vanadium-energy-storage?backToResults=true