Mustang Energy Share Discussion Threads

[begorrah88] 20/9/2021 10:40

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 10:30

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

[stevedd3] 17/9/2021 13:02

No sign of this relisting yet?

[dontay] 16/9/2021 13:17

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 18:33

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 18:30

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

[megaman2] 09/9/2021 15:26

hxxps://www.wsj.com/articles/renewable-storage-firm-energy-vault-reaches-1-6-billion-spac-deal-to-go-public-11631136600

[dontay] 09/9/2021 08:11

The value of long-duration flow battery energy storageThu, Sep 9, 2021 4:30 PM - 5:30 PM BSTThe webinar will address the functional benefits of a flow battery that:- delivers 10+ hours duration at full rated power- contains no toxic elements- can operate in low and high African temperatures.Mikhail (Bushveld Energy CEO) is a Panellist @ the SAIEE Energy Storage Chapter in a live debate on battery storage vs fuel cells. Register here, it's free:Https://www.saiee.org.za/News/DisplayNewsItem.aspx?niid=51507Https://register.gotowebinar.com/register/3894179232429267214

[dontay] 07/9/2021 13:47

New CellCube web site:Https://www.cellcube.com/casestudy/bushveld-vametco/

[dontay] 02/9/2021 21:22

U.S. Vanadium Launches $2.1 Million Capacity Expansion of Ultra-High-Purity Vanadium Redox Flow Battery Electrolyte Production; Signs Offtake Agreement for 580,000 Liters with CellCube.Sep 02, 2021HOT SPRINGS, Ark., Sept. 2, 2021 /PRNewswire/ -- US Vanadium is pleased to announce a $2.1 million expansion of its production capacity for ultra-high-purity electrolyte used by grid-level vanadium flow batteries ("VRFB"). The production expansion comes on the heels of a purchase agreement for 580,000 liters of ultra-high-purity electrolyte by Austrian VRFB manufacturer and energy storage provider Enerox GmbH, which sells its systems under its brand name CellCube. CellCubeThe CellCube contract is believed to be one of the largest such procurements of ultra-high-purity electrolyte known to have been secured by a VRFB electrolyte producer outside China. USV plans to produce the electrolyte at its flagship Hot Springs, AR facility.The electrolyte will enable operation of an eight megawatt-hour VRFB system to be installed at an industrial manufacturing site nearby Chicago in Illinois, as part of a resilient microgrid system featuring roof top solar, flywheel, and the CellCube long-duration flow battery. The system will operate at up to 150 percent of its nominal load and, as such, can provide the facility a flexible range of power, from 1MW for 10 hours to as much as three megawatts for nearly two hours.US Vanadium's expansion of its electrolyte production capacity at its Hot Springs, AR facility, to be completed in a development partnership with CellCube, is designed to enable the company to produce more than 2.25 million liters per year of ultra-high-purity VRFB electrolyte for CellCube and other customers. US Vanadium's electrolyte is the highest purity electrolyte produced anywhere in the world today. Ultra-high-purity electrolyte helps to increase the performance and efficiency of VRFB battery systems.In addition to producing ultra-high-purity electrolyte, US Vanadium can also recycle spent electrolyte from VRFB systems at a 97% vanadium recovery rate."US Vanadium looks forward to supplying CellCube with our high-quality VRFB electrolyte and to launching our expansion of electrolyte production capacity in Arkansas in partnership with CellCube," said US Vanadium CEO Mark A. Smith. "This expansion allows US Vanadium to enter the next phase of our growth plan, which focuses on supplying the world's finest and highest purity VRFB electrolyte to multiple customers around the world.""We at CellCube are enthusiastic about having entered into this important partnership with US Vanadium," states Enerox CEO Alexander Schoenfeldt. "Operating our bankable CellCubes with ultra-high-purity vanadium electrolyte is key to achieving our goal of continuous operation of our flow batteries of 20 years or more. In addition, our partnership with US Vanadium will both secure supply for our projects in North America and de-risk our clients from volatility of market prices mid-term."........... Https://www.prnewswire.com/news-releases/us-vanadium-launches-2-1-million-capacity-expansion-of-ultra-high-purity-vanadium-redox-flow-battery-electrolyte-production-signs-offtake-agreement-for-580-000-liters-with-cellcube-301368656.html

[dontay] 30/8/2021 11:45

Vanadium based energy storage solution (ESS) lifting off in China: VRB Energy's 100MW project in Hubei is among a growing number of 100MW flow battery projects being prioritized in China as part of its national energy storage policy and accelerated infrastructure investment in support of post-Covid economic growth. In addition, provinces from Xinjiang to Shandong are now requiring minimums of 5% to 20% energy storage to be installed with new solar and wind power development.Beyond China, the company 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. Developers and utilities are attracted to the low levelized cost of energy (LCOE) that VRB-ESS deliver – with no cycle limits and no degradation of the vanadium electrolyte they are an ideal fit for the "heavy duty" daily cycling required for solar and wind integration to utility grids.Https://stockhouse.com/news/press-releases/2021/03/15/vrb-energy-announces-agreement-for-china-s-largest-solar-battery-a-100mw-solar

[dontay] 18/8/2021 15:26

China going big time for Energy storage. HTtps://t.m.china.org.cn/convert/c_wUd1WTn7.htmlXI'AN, Aug. 17 (Xinhua) -- China has released a slew of policies to turbocharge the energy storage industry, which insiders believe will bring huge opportunities to enterprises in the country.Power generation firms are encouraged to build energy storage facilities and improve their capability to shift peak loads, according to a notice co-released by the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA).Hua Yin Technology, one of the pioneering companies in China's flow battery industry, detected an opportunity soon after the policy was unveiled."In recent years, the power storing business has become the main engine driving the company's revenue growth," said Fu Hongtao, vice president of the firm based in northwest China's Shaanxi Province.Dedicated to the vanadium industrial chain, Hua Yin Technology entered the vanadium flow battery market in 2016, and the company's electrolyte production line now has an output value of 1.6 billion yuan (about 247 million U.S. dollars).Fu said the industry is set to make further progress as an increasing proportion of clean power sources are used across China.Data shows that China has seen leapfrog growth in its new energy generation capacity, as the newly added installed volume hit 119.87 million kilowatts in 2020, accounting for 63 percent of the nationwide total.But the steady growth of installed capacity has put a strain on the country's power system due to insufficient regulation capabilities."Renewable energy sources including solar and wind are intermittent and volatile," said He Gang, a professor at the Xi'an Jiaotong University (XJTU), noting that the grid will see mounting pressure as electricity is used in a continuous manner.To realize the transition to a new type of power system with new energy as the main body, He underscored that new types of power storage will play an increasingly important role.New types of energy storage technologies are, with the exception of pumped storage, those that have power as their main output form. In late July, the NDRC and the NEA released a plan for the blueprint of the industry.According to the plan, the country's total installed capacity for new types of power storing is expected to surpass 30 million kilowatts in 2025, about 10 times its present level.It is the first time that China has set a national installed capacity goal in the sector," said NEA official Liu Yafang, adding that the policy is not just about scale but puts forward other requirements including technology and industry standards to realize high-quality development.

[dontay] 17/8/2021 15:49

Link.HTtps ://twitter.com/Mustang_Plc?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

[dontay] 17/8/2021 15:47

Enerox on Twitter.CellCube. This is the world's 1st #CellCube FB 500-2000, recently installed in Austria (picture)The FB 500-2000 is the flagship of the new generation of industrial grade & bankable flow batteries. They are highly efficient, secure, easy to scale#VRFB #Eneroxlinkedin.com/posts/cellcube...This is the world's first CellCube FB 500-2000, which we installed here in Austria!The FB 500-2000 is our flag ship of the new generation of industrial grade and bankable flow batteries. These new modular CellCubes are highly efficient, secure, easy to scale and provide power up to 10 hours. Visit us on www.cellcube.com or send an E-Mail to [e-mail] if you want to learn more about CellCube and how it can benefit your project!#cellcube #energystorage #renewableenergy #microgrid #evcharging #vanadium #redoxflow

[megaman2] 11/8/2021 06:35

I'm sure I read before the must transaction was going to be voted on in the AGM but the special resolution about calling a meeting was added . Must have already bought the vrfb-h shares clearly a complex situation but why would the litigation against vfrb-h prevent must from re-listing? If they are prohibited for some listing reason would they be due compensation?

[dontay] 10/8/2021 17:48

Global Vanadium Market Outlook to 2026 Featuring Evraz, Bushveld Minerals, Australian Vanadium, Angang Steel Co, AMG Vanadium - ResearchAndMarkets.comAugust 09, 2021Global vanadium market is expected to witness growth at a considerable rate during the forecast period. The major factors responsible for the global vanadium market's growth would be increasing government schemes towards energy generation and rising demand for efficient, low-cost wires and various types of alloys.Giving steel higher temperature strength and lower weight, vanadium has high demand from steel industries. Its application in the automotive industry and certain component manufacturing sectors is also invariable. However, a decreasing supply of vanadium and increasing health concerns related to vanadium consumption would serve as restraining factors for this market's growth.Asia-Pacific region is expected to be the largest market for global vanadium due to the presence of a large number of mines and end-user industries here. The growth here is also likely to be faster than that in other regions for the same reason. China, Japan, and South Korea (Republic of Korea) are the critical markets for vanadium in APAC. High consumption of steel in APAC will significantly drive the vanadium market's growth in this region over the forecast period.The global vanadium market is concentrated, with several players occupying the market share. Major players in the market were found to be Evraz, Bushveld Minerals, Australian Vanadium, Angang Steel Company, AMG Vanadium, among others.The biggest challenge faced by the renewable energy sector is being able to store energy for use at a later time. The biggest issue with lithium, or Li-ion batteries, is that they degrade rapidly. Current information indicates that they last for just 3000 to 4000 charge/discharge cycles (around 5 to 10 years) before they need to be replaced.They also lose capacity quickly with use. Whereas vanadium flow batteries have a typical life cycle of 15,000+ charge/discharge cycles or up to 25 years - the other parts wear out, but not the vanadium. While lithium only lasts 5 to 10 years, vanadium has a potential lifespan of 20 to 25 years! This could be the revolutionary revelation that the aerospace industry has been waiting for.Australian Vanadium has signed a memorandum of understanding with UK consultancy company GSA Environmental as part of a commercial and technical collaboration to integrate GSAE's vanadium extraction process into the planned processing plant at Australian Vanadium's project at Gabanintha in Western Australia.The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.Key Topics Covered:1. Executive Summary2. Research Scope and Methodology3. Market Analysis3.1 Introduction......................Https://www.businesswire.com/news/home/20210809005248/en/Global-Vanadium-Market-Outlook-to-2026-Featuring-Evraz-Bushveld-Minerals-Australian-Vanadium-Angang-Steel-Co-AMG-Vanadium---ResearchAndMarkets.com

[megaman2] 08/8/2021 08:10

hxxps://youtu.be/9EpEXfN0exw. Fortune from bmn after about 30.minutes in waffles on about must legal case. Have to admit I'm concerned about my investment here as fortune gave no indication that this might be resolved quickly and prim can convert it's clns to equity in December which means must will be scuppered

In the previous rns regarding this what you wanted to see was something along the lines we believe the case has no legal merit ..and not we will defend it strongly or whatever they said .absolutely no idea how this will play out clearly there are people behind the scenes who know a lot more .

[aimbagger] 05/8/2021 12:31

As long as they sort out the dispute this should turn out to be a big winner, fingers crossed for holders.

[dontay] 05/8/2021 08:58

10 years of continuous operation with only 1% capacity loss. This is unbeatable! No Lithium or Redox-Flow battery has yet performed like this. EVN – the major energy provider in Lower Austria – installed this CellCube FB 10-100 at a test-site for windmills in Lichtenegg. The CellCube is used to test operating the grid with fluctuating renewable energy and simulating multiple residential loads at the same time. Visit us and learn more about our industrial grad CellCube systems at cellcube.com! #cellcube #energystorage #renewableenergy #microgrid #evcharging #vanadium #redoxflow Https://www.linkedin.com/posts/cellcube_cellcube-energystorage-renewableenergy-activity-6828586372798980096-Wi59/

[dontay] 29/7/2021 07:59

International Flow Battery Forum (IFBF) July 2021 Successful flow battery deployment - CellCubeToday.P. Oldacre discusses Vametco Mini-Grid.Https://youtu.be/JCvTmcd-Ozw

[megaman2] 22/7/2021 06:22

Any news here? In limbo awaiting direction to the door to hell or heaven....

[dontay] 21/7/2021 14:14

An interview with Mikhail Nikomarov ( CEO of B.E) with possible implications for Enerox's future! Innovative Storage Solutions to Improve Energy Access in Emerging MarketsJul 14, 2021As global economies turn toward renewable energy generation, energy storage solutions are becoming a critical part of the conversation. For Sub-Saharan Africa, which faces the largest energy access deficit globally, and where 600 million people lack access to electricity, innovations in energy technology are critical.Battery technology has the potential to play a significant role in growing the sustainable energy supplies that can fuel economic growth. The Energy Sector Management Assistance Program (ESMAP) estimates that 25.9 GW of new wind and solar capacity will be installed in Sub-Saharan Africa by 2025, despite challenges around enabling environment, access to financing, and project development.Our Sustainable Business Group (SBG)'s William McKenzie and Monique St Jarre sat down with Bushveld Energy co-founder and energy expert, Mikhail Nikomarov, to discuss the future of batteries as a sustainable and competitive solution for emerging market economies. Launched in 2016 by Bushveld Minerals, a vanadium producer in South Africa, Bushveld Energy is an energy storage investor, component manufacturer, and project developer focused on energy storage systems called Vanadium Redox Flow Batteries (VRFB).Many of the countries we work in are seeking new technology solutions that can support their growing energy sectors. Why are innovations in battery technology so important?"As the world increases its reliance on electricity and reduces dependence on fossil fuels, battery storage technologies are becoming an essential part of the energy landscape. With increasing reliance on electricity in new areas, such as electric vehicles or the information sector, comes a need to store more electricity for longer periods of time."The inability of electricity to be stored easily creates a management challenge for utility companies and energy producers as they try to match supply with demand in today's changing landscape. Traditional methods of pumped hydro storage are large, centralized plants and are increasingly facing environmental challenges around siting and water usage."Additionally, the rise of renewable energy technologies such as solar and wind means that there is an even larger mismatch between when energy is being produced and when it is being consumed. Unlike coal and gas, you cannot control when the sun shines or when the wind blows. This creates significant need for both short-term (under four hours) and long-term (six to 10 hours) storage technologies."Enter battery storage technologies. Lithium batteries have become increasingly competitive solutions for short-duration storage, even substituting for peaking power at times. Flow batteries, which differ from lithium in that they utilize liquid for the electrolyte, are cheaper for long-duration storage. Batteries such as the VRFBs, that Bushveld supports, allow you to have the equivalent of more gas in an automobile's tank to give you more hours of energy, at a lower cost."Tell us more about Bushveld and its approach to vanadium battery technology."We focus on electrolyte production, battery investment and manufacturing, and project development. We are trying to introduce an innovative circular economy model that allows for the chemical electrolyte in the battery to be financed and fully re-used. This allows us to implement a rental product model where the customer can rent out the electrolyte in the battery rather than buying it upfront-making it more economical and environmentally sustainable. We think that this circular economy approach, first applied to vanadium, can be applied to other areas as the African continent becomes more consumer-centric."Catalyzing private sector investment in Sub-Saharan Africa is a challenge that cuts across sectors, despite the tremendous growth being seen across the continent. Where does Bushveld see opportunities in Africa?"Often technologies become available first in markets where they are developed, not where they are most needed or applicable. An example of this is solar PV. The first place you should go would be to Africa or Australia given their tremendous renewable primary energy resources, but that's not what happened in the global economy. Sub-Saharan Africa is often the last place most companies go and usually only when other markets are saturated. But Bushveld sees the use case as superior in Africa for three reasons:"First, the high cost of electricity in Africa. If you really look into what African consumers pay for electricity, it's much higher than what consumers pay in the United States or Europe, sometimes up to 0.60 US cents versus 0.10 – 0.20 US cents per kWh. Often people also must invest in backup diesel generators, increasing their costs even more. This disparity is a positive incentive for us as it means that storage can be built into project development costs to provide energy that is cheaper and more reliable."Second, poor grid stability and reliability mean that utilities in Africa are incentivized to invest in storage solutions that assist in grid management. Batteries-especially as costs are driven down and production scaled up-can help strengthen existing electricity grids."Finally, the transmission and distribution (T&D) deferral opportunity. Battery storage would offset the expenses required by utilities to build new T&D lines to connect rural residents and remote industry, by putting a battery at the end of the lines to support growth. Additionally, as distributed energy infrastructure, such as mini-grids and micro-grids, are developed across the continent, battery storage can also help renewable energy producers reach rural or isolated communities not served by the power grid."South Africa is a great example of these. The energy storage market in South Africa is often overlooked when compared to the US or China or Germany or Australia. However, it is quite large. According to HIS Markit, South Africa was the sixth largest residential energy storage market in the world in 2020. Furthermore, based on the awarded and announced tenders in 2021, Bushveld's own analysis expected South Africa to be a top utility energy storage as early as 2022."As the private sector expands in these markets, international and local development actors are also seeking to support the energy storage industry's growth in Africa. What do you see as the role for development stakeholders?"We engage closely with actors, such as the South African Energy Storage Association (SAESA), that are seeking to support the growth of the industry. In fact, SAESA was a founding member of the World Bank Energy Storage Partnership that is seeking to deploy 17.5 GW hours of storage in low- and middle-income countries by 2025. Industry associations, multilateral agencies, and development finance institutions have a key role to play. In markets where there may be a historic mistrust of the private sector, there is a need for objective third parties, who don't have a vested interest, to serve as intermediaries. They can bridge the gap between private sector companies and government institutions, supporting on critical issues of energy sector regulation and planning. Often these messages are better delivered by a non-private sector voice."Even as storage technology becomes more viable in global markets, questions remain about the feasibility of scaling up in emerging markets. Where do you see gaps in supply chain and workforce in the countries where you work?"There are clear gaps in the energy storage supply chain currently. For example, most production is centered in China, with few competitors elsewhere. With vanadium, there may only be one manufacturer who can produce at scale for a large utility project. Bushveld is able to overcome some of these challenges given that we are also vanadium producers; however, the issue remains critical for scaling the industry at large. Producing and sourcing these technologies locally, instead of importing, is an even larger challenge as most project developers want to get the best product at the best cost for the lowest risk, which often means reliance on international companies."Workforce also presents an issue for scaling. While there are electrical engineers, civil engineers, and technical experts in almost every country, the challenge is when the industry tries to scale exponentially and suddenly there isn't enough supply to meet that demand. That's where investments by development actors or private sector companies can help to build up capacity. Universities could be further supported to start anticipating some of these industry shifts and preparing students for cleantech versus traditional oil and gas careers."Many multinational companies in the oil and gas sector in Africa and other places are looking to shift toward other types of energy solutions. What do you see as a role for those stakeholders in the storage sector?"As they start to invest less in exploration, shifting some of that CAPEX into renewable energy investments or projects is a huge opportunity for the sector given the size of its budgets and operations. For example, they can invest in high-risk, high-reward opportunities such as R&D for battery technologies, which can, in turn, help startups and smaller companies drive innovation. They could also invest in something more mature, such as the supply chain gaps I just mentioned. There are synergies between the core business of oil and gas operations and the supply chain needs of battery storage technologies; for example, toxic waste storage solutions would be a smart investment for the multinational, while benefitting the sector."Https://dai-global-developments.com/articles/innovative-storage-solutions-to-improve-energy-access-in-emerging-markets

[megaman2] 14/7/2021 12:44

Probably stating the obvious but must have subscribed for the shares and paid the money just they need to issue a prospectus and attain shareholder approval. They are not being litigated against and perhaps the legal declaration claim has no effect on readmission procedure other than the shareholders deciding it's a bad idea.

[megaman2] 14/7/2021 08:56

It might well be the control issue as if vrfb-h gain more than 50% they can call the shots and complete a full r.t.o. where everything gets reversed into must. No doubt all will be revealed in due course.

[megaman2] 14/7/2021 08:51

But prim clns can be converted in December into bmn shares as a backstop so part of the funding might be removed . What do you or anyone think garnet are not happy with ?

If the transaction completes are the other parties going to try to dilute garnet by shifting the cash from must to enerox ? Resulting in the vrfb-h shares owning more than the current 50% .as it stands it's just the vrfb-h shareholders who will be diluted but how will they deploy the cash? If it moves to enerox then vrfb-h will want an increase in its equity stake. This seems to me a potential reason for garnets action but just my musings . Looking for answers as there little info.