Mustang Energy Share Discussion Threads

[dontay] 24/11/2022 16:22

Sichuan ibuilding a world class V and Titanium new material cluster.The layout of the vanadium battery industry is accelerating, and Sichuan is building a world-class vanadium and titanium new material cluster.As a "rookie" in the electrochemical energy storage family, the industrialization of "vanadium batteries" has gradually opened recently, and positive news has also been released on the policy front.On the 23rd, five departments including the Sichuan Provincial Department of Economy and Information Technology jointly issued the "Implementation Opinions on Promoting the High-quality Development of the Vanadium and Titanium Industry" (hereinafter referred to as the "Implementation Opinions"), proposing that by 2025, the integration of vanadium battery systems will reach 1GW/year. Affected by this news and market factors, several vanadium battery concept stocks strengthened on the 24th. Zhenhua shares rose by the intraday limit, and vanadium and titanium shares rose by 5%.According to the "Implementation Opinions", by 2025, Sichuan Province will form a development pattern with reasonable layout, prominent brand, high level of intelligence, green, low-carbon and sustainable development and a world-class cluster of new vanadium and titanium materials, with an output value of more than 200 billion yuan . Vanadium (calculated as vanadium pentoxide) products reaches 100,000 tons/year, vanadium electrolyte reaches 75,000 m3/year, and vanadium battery system integration reaches 1GW/year. Support iron and steel enterprises to increase the application of vanadium, promote the application of vanadium in non-steel fields such as vanadium batteries, and support the demonstration of "new energy + energy storage" vanadium battery energy storage.Https://m.yicai.com/news/101604982.html

[megaman2] 24/11/2022 09:43

They have agreed to do a feasibility study
...
And it will be 50:50 funded ...
Cellcube don't have any money ...
This will take time and money .

[dontay] 24/11/2022 09:42

8 GWh flow-battery manufacturing facility:Australian renewables developer North Harbour Clean Energy will team with European battery energy storage systems supplier CellCube to establish a vanadium redox flow battery manufacturing and assembly facility in Australia with a projected capacity of up to 1 GW/8 GWh per annum.Https://www.pv-magazine-australia.com/2022/11/24/cellcube-eyes-australia-for-8-gwh-flow-battery-manufacturing-facility/

[dontay] 24/11/2022 09:27

CUBE PLANS FOR VANADIUM REDOX FLOW BATTERY MANUFACTURING FACILITY AND PURCHASE OF 4MW-16MWH VRFB LIGHTHOUSE PROJECTNovember 23rd, 2022The global high-tech leader for Vanadium Redox Flow Batteries (VRFB), Enerox GmbH, better known as 'CellCube', and Australian clean energy storage owner and operator, North Harbour Clean Energy PTY Ltd (NHCE), have signed a Strategic Manufacturing Cooperation Agreement to build an assembly and manufacturing line in Eastern Australia to meet GWh demand for long duration energy storage in the National Electricity Market (NEM).The first project executed by the partnership will be developing the continent's largest VRFB, which generates 4MW-16MWh based on CellCube's proprietary technology. CellCube and NHCE will also conduct a feasibility study and work towards a final investment decision on a 50:50 joint venture to manufacture VRFBs in Australia.VRFBs are large-scale, battery storage systems which can store excess power from the grid and can be used in combination or parallel with other renewable energy sources to allow for cheaper, safer, and more scalable energy consumption.VRFBs do not suffer from the multiple issues faced with lithium-ion batteries (LIBs) such as their flammable nature, short life span, rapid degradation, lack of recyclability and lack of flexibility. On a levelised cost of storage basis, VRFBs already outperform LIBs whilst having none of the drawbacks associated with them.There is significant demand for long duration energy storage systems such as VRFBs to allow for 24/7 delivery of carbon free electricity to meet net-zero goals driven by the demand to meet Australia's legislated carbon reduction targets and the rapid build out of utility-scale variable renewable energy together with the accelerated shutdown of baseload coal-fired generators.NHCE – which is backed by one of Australia's largest superannuation funds, Aware Super – has already secured a large project pipeline to include deployments of VRFBs."We are excited to bring manufacturing of this Australian-invented and critical energy storage technology to Australia with our strategic partner CellCube", said NHCE Managing Director and founder Tony Schultz."NHCE and CellCube will collectively review and select the best site to deliver initial annual production capacity of at least 40MW/160MWh, with a target of 1000MW/8000MWh per year and creating more than 200 new jobs in the short term."We believe there are two factors behind our belief that VRFB is the right grid-energy storage technology to install in Australia at scale. The first is that VRFB technology, having been developed in Australia at the University of New South Wales (UNSW) in the mid 1980's, is now on the road to being an accepted alternative battery energy storage technology globally while the second is Australia's abundant vanadium resources."NHCE and UNSW last year launched a jointly-owned company focussed on further improving the cost and efficiency of this cost-competitive technology.CellCube CEO Alexander Schoenfeldt said: "Following our own research & development initiatives both internationally and in Australia to support the vision of large-scale production and deployment of VRFBs as the preferred energy storage technology long term, we are thrilled to have NHCE as a strategic partner in Australia. This cooperation with NHCE follows our business strategy to strengthen regional partnership, create a local product offering and enhance our work with Australian supply chain partners to build well designed megawatt microgrids.In addition, Australia has around 20% of known global Vanadium resources and it makes economic sense to use local Vanadium instead importing it from elsewhere."As part of the Agreement, a 4MW-16MWh CellCube system will be installed at an industrial customer to showcase the various applications which will enable them to move towards net-zero emissions targets.NHCE Executive Director of Development Steve Banning said the Agreement's objective was to provide 24/7 green power supply arrangements to support industrial and commercial customers looking to increase their use of renewable energy sources, and who face severe issues on power quality, grid constraints, rising network costs and high-power prices."In addition, we will be warranting the systems produced for 20,000 cycles or approximately 20 years of use," he said.Mr Schoenfeldt said he was excited to see the Australian market quickly picking up the opportunity of VRFBs and "to have North Harbour Clean Energy as a strategic partner who is committed to finance projects in the energy transition"."We have more than 140 systems deployed globally including several small-scale pilots in Australia and New Zealand but have been searching for the missing piece of the puzzle that makes 24/7 renewable energy available in Australia," he said adding North Harbour Clean Energy was the answer.Https://www.cellcube.com/australia-one-step-closer-to-24-7-green-power-supply-with-north-harbour-clean-energy-and-cellcube-plans-for-vanadium-redox-flow-battery-manufacturing-facility-and-purchase-of-4mw-16mwh-vrfb-lighthou-2/CellCube Enerox / GmbH CellCubeMore than happy to announce the signing of a4MW-16MWH lighthouse project in Australia - thecontinent's largest VRFB system! Moreover an Agreementfor common VRFB production with NHCE has beenconcluded. cellcube.com/australia-one-Https://twitter.com/setcentric3/status/1595691011422191616?s=61&t=5bl4qUxiLkguy-pDCwfdQg

[megaman2] 24/11/2022 08:26

Still struggling to see how cellcube which must be out of cash now will be worth as much as invinity c£25 mill mkt cap.

Don't forget the must RTo is only a part holding of cellcube ...it's internal valuation is exactly that especially as both Lind and prim exited indicating a lower value .

[megaman2] 24/11/2022 05:34

We are excited to bring manufacturing of this Australian-invented and critical energy storage technology to Australia with our strategic partner CellCube”, said NHCE Managing Director and founder Tony Schultz.

“NHCE and CellCube will collectively review and select the best site to deliver initial annual production capacity of at least 40MW/160MWh, with a target of 1000MW/8000MWh per year and creating more than 200 new jobs in the short term
Also:

NHCE founder Tony Schultz said the Strategic Manufacturing Cooperation Agreement will see the two companies conduct a feasibility study and work towards a final investment decision on a 50:50 joint venture to manufacture VRFBs in Australia.


Feasibility study ....
50:50

It's just talk and needs funding

[megaman2] 24/11/2022 05:32

Finally some good news from cellcube . A 16mwh order and a contract to build a factory for production in Australia ...might need some funding

[megaman2] 20/11/2022 05:52

When are they going to come out and tell us that bmns enerox shares are going to be reversed in to ..and signal more delays ? Or admit they can't raise any money and cellcube is in liquidation ...anythings possible here ...we don't know because the company is silent ..
The underlying asset here is now worth significantly less than 19 months ago how is this going to work ?

[megaman2] 18/11/2022 14:59

Cellcube looks screwed anyway it's cash must have ran out and it's off the shelf model flopped because it was too expensive ..
The strategy to build an even smaller model which surely will be pro rata even more expensive seems fundamentally flawed ..
No sales
No cash
Too expensive product ..
Feuding owners bmn also broke ..
Lind and prim with the inside track bailing ..
Extension after extension missed with radio silence ...
These are the facts and reality .

[begorrah88] 18/11/2022 09:21

Usual 2 fingers up to shareholders from Mustang.

Ran away with everyone's money 19 months ago and not even the decency to tell people what is happening.

I suppose we will get an update at the last allowable date [end of Nov based on 28 days + 5 days etc] as DG tries to kick it down the road one last time to ensure he keeps his salary coming in for a few more months. He's always got the 'Covid' or 'Ill health' card to play to squeeze a few more weeks out of it.

Maybe it was BMN who screwed this all up, maybe it was the FCA being overly demanding [although you have to wonder how DG is unable to understand what the requirement is after all these delays] or maybe he is just out of his depth.

Whatever the reason, to refuse to inform your shareholders when key dates have passed is bad form.

[dontay] 15/11/2022 16:17

US government launches US$350 million long-duration energy storage demonstration funding.November 15, 2022Long-duration energy storage (LDES) projects in the US will be able to compete for a share of "nearly US$350 million" of government funding.The funding, unlocked by the passing of the Bipartisan Infrastructure Law in late 2021, will be administered by the US$20 billion US Department of Energy (DOE) Office of Clean Energy Demonstrations, which was opened as part of the landmark legislation.The DOE announced yesterday that energy storage technologies offering between 10 and 24-hours storage duration will be eligible for a slice of the US$349 million total. Up to 11 demonstration projects will be selected that have the potential to move the needle towards the Department's long-term goal of reducing the cost of LDES by 90%.Up to 50% of the cost of each project will be paid out, with letters of intent due by 15 December and full applications due in by 3 March 2023."Advancing energy storage technologies is key to making energy generated from clean renewable resources-like wind and solar-available for 24/7 use, and is critical to achieving a decarbonised power grid and reaching President Biden's ambitious climate goals," US Secretary of Energy Jennifer Granholm said."DOE is taking huge steps to lower the cost and increase the duration of energy storage technologies so that clean, reliable, affordable electricity is available whenever and wherever to everyone, especially Americans living in remote and underserved communities."Long-term goals on long-duration energy storageAs the penetration of renewable energy on the US grid grows, so too does the need for energy storage to balance out peaks and troughs in demand and production. The duration requirement of that storage also grows at higher percentages of renewables.Lithium-ion batteries commonly used for grid storage are typically considered more cost-effective for durations of up to 4 hours. Although some recent projects announced will see 6- and even 8-hour lithium-ion systems deployed, the energy industry seeks viable alternatives for technologies that can offer scalable long-duration storage for several hours, overnight use, or in some cases even longer.The state of California recently just paid out US$31 million funding for a hybrid microgrid using vanadium redox flow battery and zinc hybrid cathode battery technology, which is the first project to get funded from a US$380 million pot.It has been a strategic aim of the US government to reduce the cost of long-duration storage even during the term of Donald Trump as president, with the Energy Storage Grand Challenge competitive funding opportunity launched during his tenure.However, as with other clean energy efforts, long-duration energy storage market seeding activity has stepped up since Joe Biden took office, with the DOE funding a new US$75 million centre for LDES research at Pacific Northwest National Laboratory (PNNL). The Bipartisan Infrastructure Law, aka the Infrastructure Investment and Jobs Act, was a sort of companion piece to the more recently passed Inflation Reduction Act (IRA).Biden described the pair as the greatest steps taken to fight climate change in US history, with the IRA offering incentives for downstream deployment of solar PV, wind and batteries, and the Bipartisan Infrastructure Law offering incentives and stimulus to the upstream, supply side of the clean energy sector.Other Bipartisan Infrastructure Law initiatives underway include a US$335 million programme to support battery recycling and US$675 million funding for critical minerals R&D. A total of about US$7 billion support for domestic electric vehicle (EV) and stationary energy storage battery value chains will be paid out through the law.Https://www.energy-storage.news/us-government-launches-us350-million-long-duration-energy-storage-demonstration-funding/

[dontay] 15/11/2022 16:12

Supply potential remains despite exponential vanadium demand forecasts.Nov 15, 2022Given the pace at which the world aims to decarbonise by transitioning away from fossil fuels towards a low carbon economy, demand for the commodities needed to achieve a net-zero future has surged, raising questions around supply.Vanadium is one of the critical commodities required in the clean energy transition. As the 22nd most abundant element in the earth's crust, vanadium is more abundant than some of the other critical future metals including copper, nickel, cobalt, lithium, and chrome.With 22 million metric tonnes (mt) of known global reserves of vanadium, there is enough vanadium in the ground to meet current market demands for more than 150 years, with several potential high-grade undeveloped vanadium projects identified globally, and several untapped secondary sources of vanadium capable of being exploited.Vanitec, the not-for-profit international global member organisation whose objective it is to promote the use of vanadium-bearing materials, says that while vanadium is mainly used within the steel industry, vanadium is increasingly being recognised for its use in vanadium redox flow batteries (VRFBs). These long duration batteries can store large amounts of electrical energy produced by solar and wind power generators daily to drive the deep decarbonization of electric power systems.Demand drivers of vanadiumAccording to data published earlier this year by market intelligence and advisory firm, Guidehouse Insights, global annual deployments of VRFBs are expected to reach approximately 32.8 GWh per year by 2031. Based on this projection by Guidehouse, the total amount of vanadium needed to meet this level of VRFB deployment would equate to 130,000 mt of new vanadium per year by 2030, according to Vanitec calculations.VRFBs are not the only demand driver of vanadium consumption. About 90% of vanadium demand comes from the steel industry, with around 6-7% demand from the chemical industry and around 2-3% demand from the titanium alloy industry."When adding the potential forecast vanadium demand from energy storage to the current data on total vanadium consumption, the forecast shows that total vanadium demand could increase to close to 300,000 mt by 2030 from the current 115,000 mt of annual vanadium consumption," Terry Perles, Director of US Vanadium – a Vanitec member company – said during the organisation's 11th Energy Storage Committee Webinar in September."This equates to a doubling of demand for vanadium over the next eight years, driven primarily by the growth in VRFB demand" Perles highlighted.While the average growth rate in global vanadium production volume has increased by about 7% a year over the past two decades, vanadium production volume will need to grow by a little over 10% each year for most of the balance of the decade to meet the future vanadium demand that Guidehouse forecast.Current and future vanadium productionAbout 128,000 mt per year of vanadium is produced globally, with significant potential to unlock further vanadium production capacity in the coming years through capacity expansions of current vanadium producers and the recommissioning of idled production plants. According to Perles, doing so could unlock just over 100,000 mt of additional vanadium production. The capacity expansions have the highest probability of realisation with the fastest route to production.In addition to capacity expansions, Perles estimates that about 70,000 mt of new sources of production through greenfield project development would be required to reach the estimated 300,000 mt of future vanadium demand. Most of the recent greenfield projects announced for development are of a co-production or multi-commodity nature.China is expected to continue to remain a major source of vanadium supply in future, followed by Australia, which is expected to emerge as a major supplier in the coming years through the establishment of new vanadium projects in the country. Somewhat smaller, but still important, new vanadium supply is expected to emerge from the Middle East towards the middle of the decade, said Perles, primarily in the form of secondary vanadium materials recovered from petroleum residues from the oil industry.Raw material sources of vanadiumThere are three major sources of raw materials that support vanadium production globally.The most important source is co-product steel slag, which is a vanadium bearing slag containing 14-24% vanadium trioxide content. This slag is produced as a co-product during steelmaking from the processing of vanadium-bearing magnetite ores. This source of vanadium currently supplies about 70% of the world's vanadium needs.Vanadium is also extracted from primary sources, which are mining operations that typically extract vanadium from vanadium-titanium-bearing magnetite ore bodies in countries including South Africa, Brazil, and China. Moreover, there is potential to extract vanadium from stone-coal mining operations in China, and from a large multi-element mining project potentially currently in development in Kazakhstan in future.Lastly, there are secondary material sources of vanadium, in which vanadium (and other trace elements such as nickel) is recovered from the petroleum industry, including petroleum residues and the recycling of spent catalysts used in crude oil refining.A new standard reducing the allowable sulphur content in bunker fuel for ships was imposed in 2021.  As a result, we will see significant increases in vanadium available for recovery from spent heavy oil residue upgrading catalyst in the next few years. Facilities are under development now to process these spent catalysts and contribute to the vanadium supply base."Because it takes much less time to develop a secondary vanadium material production facility to recover vanadium than it is to develop a new vanadium mine, we expect to see significant increases in secondary sources of vanadium in the near term, with new primary sources of vanadium coming online in the longer term, said Perles.Https://africanminingmarket.com/supply-potential-remains-despite-exponential-vanadium-demand-forecasts/14650/

[megaman2] 14/11/2022 06:08

I'm not sure why. CellcUbe have done that comparison.??? Zn fe are seemingly equal to vanadium but a fraction of the price which explains why they are attracting big investments and share prices ...and explains why vfrbs are not winning very many contracts in the west ...
Too expensive ..why would you use vfrb when fev and zinc are much cheaper ?

[dontay] 13/11/2022 15:32

Vanadium set for "disruptive" demand growth as battery energy storage boom gains momentum:According to an independent analysis by market intelligence and advisory firm, Guidehouse Insights, global annual deployments of vanadium redox flow batteries (VRFBs) are expected to reach approximately 32.8 GWh per annum by 2031. This represents a compound annual growth rate (CAGR) of 41% over the forecasted period.The VRFB deployment forecast by Guidehouse Insights would equate to between 127,500 and 173,800 tons of new vanadium demand per year by 2031, according to Vanitec calculations based off Guidehouse's projection. That would be more than twice as much vanadium as is currently produced annually today. In a report on the metals required for clean energy commissioned by Eurometaux – Europe's metals association – VRFBs were identified as one of the alternative energy storage technologies that may grow in importance and might reach penetration rates of 20% of the market. These findings point towards significant vanadium demand increases equivalent to +110% of current demand, and echo Guidehouse Insights' demand forecast.Vanitec, the not-for-profit international global member organisation whose objective it is to promote the use of vanadium-bearing materials, says that while vanadium is mainly used within the steel industry, vanadium is increasingly being recognised for its use in VRFBs. These long duration batteries can store large amounts of electrical energy produced by solar and wind power generators on a daily basis as a means to drive the deep decarbonization of electric power systems.Vanadium has therefore been classified as a critical raw material by several countries around the world. The European Commission identified and formally registered vanadium on the 2017 list of Critical Raw Materials for the European Union, while the United States, Canada and Australia have also listed vanadium as critical to supporting their economies.As power grids across the world continue to replace fossil fuel power plants with large scale renewable energy solutions, long-duration energy storage is critical to ensuring reliable grid operation. VRFBs assist by smoothing out peaks and deficits in power demand, thereby maintaining a consistent and uninterrupted flow of electricity to the grid.Vanitec CEO John Hilbert says renewable energy has become one of the most talked-about topics in recent times. "Solar and wind power are fantastic sources of low-carbon energy. However, renewable energy is a variable power source that poses a key challenge in the global effort to displace fossil fuels with renewable energy generation. Energy storage solutions like VRFBs are essential in enabling the energy transition to a carbon neutral world, as they provide stationary, utility-scale and long-duration energy storage with low maintenance costs, safe operation, and little environmental impact."The VRFB market is poised for steeper growth in the coming years, especially as demand for long-duration storage capabilities increases, but also owing to the technology's durability and safety. Other advantages of VRFBs include: Application: Stores large amounts of variable renewable energy to be used at other times of the day, when the electricity is demanded.Durability: Minimal capacity degradation resulting in significantly longer cycle lifetimes than Li-ion battery technology. VRFBs could be fully discharged multiple times each day without impacting the longevity of the system.Reusability: Liquid electrolytes used in VRFBs can be reused in another battery after the rest of the battery components have worn down. This improves the battery's economics and sustainability.Safety: Flow batteries use aqueous electrolytes, which are largely composed of water and inherently non-flammable. VRFBs do not present the same explosion or fire risks that Li-ion systems do. "VRFBs are also supported by existing industries in their scale up. Many vanadium industry stakeholders see VRFBs as a major source of new demand for the metal that has traditionally been used in steel alloys," states Mikhail Nikomarov, Chairman of the Vanitec Energy Storage Committee (ESC) and CEO of Bushveld Energy.VRFBs are a proven and rapidly growing commercial-scale technology that can store energy from renewable sources and provide on-demand, round-the-clock, carbon-free power.

[dontay] 13/11/2022 15:26

H2's first mass production plant for vanadium flow battery is currently under construction in Korea. The brand-new factory is going to have an annual manufacturing capacity of 330MWh which is an important scale in the global flow battery industry. H2 has made significant investments with new facilities and updates to existing manufacturing capabilities to ramp up production and meet increasing worldwide demands for long-duration and large-scale energy storages. The new facility is in Gyeryong-si located in the central region of Korea and scheduled to be operational in early 2023. The construction of the new facility is an integral part of H2's aggressive go-to-market strategy to secure primary manufacturing capability of utility-scale storage project implemented by H2's proprietary flow batteries. Once completed, it will accelerate the diversification of battery storage technologies in both domestic and overseas market. H2's new supply capability of non-lithium battery storage is expected to give a huge relief especially to Korea's energy storage market which has been dominated by lithium-ion batteries and suffered a lot from 37 fires of lithium-ion storages over the past 5 years.H2 is currently carrying out California's largest 20MWh flow battery project which will be the first noteworthy system manufactured in the new plant.

[dontay] 11/11/2022 11:31

Https://twitter.com/cellcube/status/1591017813963341825?s=61&t=idLQfS2R0LUO0TC7zaqFxA

[megaman2] 11/11/2022 07:37

They can't use that fsa nonsense as an excuse and waiting for guidelines on timescales for an extension date as it's just nonsense ..
They need to come out and admit they haven't got a clue and Mikhail at be is behind all the delays who is clueless and due to this they have no idea what's going on and timescales when this may or may not conclude ...that's the likely truth here

[begorrah88] 10/11/2022 14:15

There is no excuse whatsoever for DG failing to update shareholders.Nothing he says can have any impact on the share price - there isn't an share price

[megaman2] 10/11/2022 05:32

A poster on LSE claiming they have information that must are awaiting info from FCA before rns ....these dates the company are issuing as extensions are just nonsense and meaningless.

I still think be might reverse in here must and acacia probably just want the enerox side they are probably telling mikhail to take a hike and find his own funding he is no doubt claiming be distribution side is worth zillions .....anyway more delays doubt this will happen this year if at all...if they do come up with some other dates we know they are meaningless for investors .


If they delay it long enough a year or 2 might be the next bull run...it's been c 19 months ....isn't using a spac due to its ease and speed of listing ...not with these parties involved it isn't ..

It's been 8 months since the litigation was defended...still not completed...it's the target company who do most of the work and we know who is behind that ...which explains the delay could be a long wait ...

[dontay] 07/11/2022 17:28

Https://www.reddit.com/r/wallstreetbets/comments/yorcts/is_vanadium_the_next_lithium_energy_grid_storage/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button