Mustang Energy Share Discussion Threads

[megaman2] 17/2/2023 10:11

Will cellcube go bust before this re-lists ? Must be potless now . Could Garnett instigate the shotgun clause and buy enerox for a pittance ...would they want to ? Can see another extension here but can't see how cellcube makes it through without a capital injection . Just guess work but a comparison to invinity says cellcube is already insolvent .

[aimbagger] 17/2/2023 08:04

Nice one Dontay, appreciate your board input whilst we remain in the dark for now.

[dontay] 16/2/2023 16:08

No links available but recent shipping reports are showing things are on the move for CellCube in the states.On 28th January 5 containers of Electrolyte from Enerox Gmbh arrived in Los Angeles for Cellcube, 65,800Kg.Enerox Gmbh of 3 IZ NOE-SUED STRASSE WIENER NEUDORAT and Receiver Cellcube of 1776 S.JACKSON ST. SITE 603 DENVER 80210-3801 CO 80210 US. It was picked up in Wiener Neudorf and shipped from Rotterdam to Los Angeles.(CellCube American operations are based in Denver)There was also an earlier consignment reported in mid January, consisting of 3 containers of electrolyte.

[dontay] 16/2/2023 13:08

The BELCO facility is a cutting-edge energy innovation that optimizes the use of vanadium oxides and Bushveld feedstocks to achieve the lowest possible cost while meeting specific customer electrolyte specifications. #bmn #BELCO #vanadium #VRFBThread......... Https://twitter.com/wikipenny1/status/1626195263445520386?s=20

[dontay] 16/2/2023 11:17

World Bank: South Africa could 'play significant role' in global battery value chain by 2030.The report also highlighted that South Africa's plentiful vanadium reserves give it the potential to develop a strong vanadium redox flow battery (VRFB) value chain. Bushveld Minerals is the main firm active in this space in South Africa, in both upstream and downstream through its ownership of VRFB firm CellCube.A further 260MWh of VRFB production capacity could be developed in the country, CES estimated.See the full report here.February 15, 2023South Africa could play a big role in the global battery value chain with the potential for 10-15GWh of domestic demand for battery energy storage by 2030, according to a report from the World Bank.The report – titled South Africa & Southern Africa: Battery Market & Value Chain Assessment Report and written by consultancy Customized Energy Solutions (CES) – mostly focused on the upstream battery value chain for both EVs and the energy storage system (ESS) markets, but covered downstream demand and applications too.It said the country's battery storage market could reach 9,700MWh of demand by 2030 and 10,400MWh including the wider Southern Africa region, in a base case scenario. In the best-case scenario, that demand could reach 15,000MWh for South Africa and 17,000MWh for the wider region. This is a big increase from just a few hundred MWh in 2020.Southern Africa generally refers to the dozen countries that form the southern portion of the continent, with Angola the northernmost.Some 99% of the 2020 demand for battery storage in South Africa came from the behind-the-meter ESS market, including commercial and industrial (C&I), residential and mobile applications. Local companies active in the space today include Maxwell and Spark, Blue Nova, Balancell and Freedom Won.In a base case scenario, by 2030 that demand is set to be split 69:27:4% between behind-the-meter, e-mobility and front-of-meter renewable energy integration being the smallest.As Energy-Storage.news has written extensively, including yesterday, the government in South Africa is procuring significant quantities of grid-scale battery energy storage to support the integration of renewable energy and improve grid resiliency. Grid operator Eskom has struggled to prevent frequent and widespread grid outages.Https://www.energy-storage.news/world-bank-south-africa-could-play-significant-role-in-global-battery-value-chain-by-2030/

[peakyblinderssss] 15/2/2023 11:08

Anybody knows of good small caps to get into?

[dontay] 15/2/2023 09:46

South Africa government to issue RFP for 513MW of battery storage.February 14, 2023The government of South Africa will soon issue a request for proposals (RFP) for 513MW of battery storage.A tweet today from the official account for the ruling African National Congress, ANC Parliament, confirmed that the government would "...issue a request for proposal (RFP), consisting of: 513MW of battery storage by the end of February 2023".Mineral resources minister Gwede Mantashe said the same earlier in the week, adding it will be issued by the Department of Mineral Resources and Energy and will seek the resources from independent power producers (IPPs). The department's website said that grid operator Eskom would be the buyer of the stored energy.The department is launching the RFP through its Independent Power Producer Procurement Programme, sometimes referred to as the IPP Office. The head of that, Bernard Magoro, told media at the end of January that it would seek to procure another 1,200MW of battery storage by the end of 2023.Https://www.energy-storage.news/south-africa-government-to-issue-rfp-for-513mw-of-battery-storage/

[dontay] 15/2/2023 09:20

South Africa on the cusp of an R18 billion energy boom14February 2023South Africa may be poised to be a global hotspot for both the mobile and stationary battery storage markets, reports the World Bank Group.According to its latest flagship report assessing the South African battery market and value chain, the country is on the cusp of a change in terms of demand for batteries.The battery market and value chain could lead to the generation of thousands of jobs in the country and a market revenue estimate of $1 billion (R18 billion) by 2030........Https://businesstech.co.za/news/energy/664607/south-africa-on-the-cusp-of-an-r18-billion-energy-boom/

[megaman2] 13/2/2023 15:15

What's clear and what we know is he has told lies and constantly blamed the FCA for delays when it simply has not been the case. His emails are not to be trusted another aim crooked director .

When will cellcube go into liquidation ? Must be broke by now ? I can't see how it can go past march without more funds .

[begorrah88] 13/2/2023 14:47

A chap on the LSE website has posted that Gallegos has e-mailed back to him saying 'grinding through the FCA process' but Gallegos told him back in May of last year that the proposals were being looked at by the FCA.So either,1) The FCA have now been sitting on this for over 9 months.2) Gallegos is completely out of his depth & unable to understand what the FCA requires.3) Gallegos hasn't even submitted any proposals to the FCA yet & is unable to get any prospectus to a point where it would be fit for submission.I'm pretty confident that it is 3

[jonny_wright] 13/2/2023 12:43

Will we ever relist? This is massively frustrating now

[dontay] 09/2/2023 13:47

You can't kill this battery": DISTRIBUTECH attendees tour San Diego long-duration storage and microgrid project2.7.2023Https://www.power-grid.com/energy-storage/you-cant-kill-this-battery-distributech-attendees-tour-san-diego-long-duration-storage-and-microgrid-project/

[dontay] 09/2/2023 12:41

LinkedIn 9 Feb 2023Intelligent Generation's Post. Executives from Intelligent Generation and Greenleaf Advisors recently visited G&W Electric for meetings and a tour. G&W, a maker of medium voltage electrical equipment, has installed a microgrid at its Bolingbrook, IL, headquarters and manufacturing facility.In the photo is their magnificent 2 MW/8 MWH CellCube vanadium flow battery. Https://archive.is/px5G8

[dontay] 09/2/2023 11:21

TIMES EARTH.How renewable energy can power the UK when the wind isn't blowing.There's long been a problem with wind and solar power - they serve our needs only when the conditions are right. It can be solved with new ways to store electricity for longer...........Https://archive.is/jyV6o

[megaman2] 06/2/2023 06:02

I don't think cellcube want to concentrating their efforts on Africa there is not enough government support they need bribing for everything .

As for the fca it's been used constantly as an excuse ..it was simply a lie last year..ant delay.now will be due to inability to raise funds either at all or a price that is acceptable.

[dontay] 04/2/2023 20:35

Overcoming Europe's system challenges with energy storage."Do we have enough projects in the pipeline, yes we do, is it fast enough, no it is not."26 January 2023In order to meet the goal of 200GW of storage by 2030, however, Clerens insists we need to facilitate the rollout of storage faster and in a more uniform fashion in Europe. Furthermore, all storage technologies will be critically important, including long duration storage. It is therefore important to develop the market design to accommodate these solutions.Https://www.enlit.world/energy-storage/overcoming-europes-system-challenges-with-energy-storage/

[dontay] 03/2/2023 20:33

Another door opening for CellCube.Mini-Grid proposal right next to the new BMN Electrolyte Plant at East London Industrial Development Zone.• Likelihood of implementation is very high, as the ELIDZ is already talking to funders to support this project. Implementation could be by Q2 2023.• There is also a battery manufacturer of redox flow technology setting up in the ELIDZ, so it may be possible to source this product locally in the future. (This is a reference to the BMN chemical plant due to start up production in the next couple of months)• Two 1-MW battery storage systems will increase the quality and reliability of electricity for the ELIDZ estate services.• Two 1-MW battery storage systems with 4-hour stand-by time each with a 75% efficiency (3 hours), could supply 6 megawatt-hours (MWh) per day. Https://www.industrialefficiency.co.za/wp-content/uploads/2022/06/Rhonda-Jansen-van-Rensburg-Pre-feasibility-studies-done-as-part-of-the-GEIPP.pdf

[dontay] 03/2/2023 13:52

Huge door opening for CellCube:Seriti Green raises need for Africa to appraise vanadium as electricity storage battery metal.3RD FEBRUARY 2023 JOHANNESBURG (miningweekly.com) – Wind farm builder Seriti Green, which is planning substantial electricity storage capacity at its big renewable energy project in Mpumalanga, has raised the need for vanadium to be appraised as a battery storage metal of choice in Africa owing to the difficulties of sourcing lithium batteries."As Africans, we really need to look towards metals such as vanadium for electricity storage because the lithium supply chain is under extreme pressure," Seriti Green CEO Peter Venn disclosed in announcing his company's 155-MW-to-900 MW wind farm project that is getting under way in Mpumalanga province. (Also watch attached Creamer Media video.)Long-duration battery capacity that vanadium can provide supports the integration of renewable energy into electricity grids and is seen by some as providing a generational opportunity that South Africa should not miss.The 155 MW portion of the Seriti Green project in that province is expected to come in at R4-billion and the eventual 900 MW at R25-billion, with the far-reaching initiative forming part of an agreement that will see clean, green power wheeled through the national grid to meet the carbon neutrality aspirations of coal-mining company Seriti Resources.Speaking alongside Seriti Resources CE Mike Teke, Seriti Resources corporate finance head Layton Nenzinane, and Seriti Resources CFO Doug Gain, Venn said in response to Mining Weekly: "We have 800 MWh of storage permitted in our environmental authorization – whether that's vanadium, whether that's lithium, is still to be decided............Https://www.miningweekly.com/article/seriti-green-raises-need-for-africa-to-appraise-vanadium-as-electricity-storage-battery-metal-2023-02-03/rep_id:3650

[dontay] 30/1/2023 13:38

New demand for Vanadium Electrolyte for VRFB storage batteries appears to be driving Vanadium Pentoxide prices higher with ferrovanadium now trading at a large discount to the V2O5 price.Https://www.proactiveinvestors.co.uk/companies/news/1004660/today-s-market-view-atlantic-lithium-celsius-resources-empire-metals-and-more-1004660.html

[dontay] 28/1/2023 15:58

High Voltage: Battery boom could make vanadium demand explode.A big change seems on the way for the vanadium market, thanks to "mega scale energy storage" battery technology. And ASX stocks are set to benefit.The current market is largely driven by steel consumption, with up to 92 per cent sold as ferrovanadium (a mixture of iron and vanadium).This market is projected to grow by an average 1.4 per cent a year between 2021 and 2050. Solid.However, steel's market share is expected to fall to 75 per cent by 2050, as vanadium redox flow battery (VRFB) installations provide significant upside.Https://www.theaustralian.com.au/business/stockhead/high-voltage-battery-boom-could-make-vanadium-demand-explode-with-these-stocks-set-to-benefit/news-story/6bad5a2665d36330dcbd6d0c138e3bba?amp&nk=0039f389373ba5713b118706775ed616-1674902045

[dontay] 28/1/2023 15:52

JANUARY 25, 2023.Flow batteries for grid-scale energy storage:Https://energy.mit.edu/news/flow-batteries-for-grid-scale-energy-storage/This is an interesting summary of some work at MIT to compare different types of flow battery technologies. In particular, it looked at implications of potential new flow battery chemistries and to what degree they could challenge vanadium-based flow batteries.Here are some key points:1) We often forget the technical reasons for why vanadium is the only chemistry that is proven to work extensively. Vanadium-based flow batteries "addresses the two major challenges with flow batteries. First, vanadium doesn't degrade...And second, if some of the vanadium in one tank flows through the membrane to the other side, there is no permanent cross-contamination of the electrolytes, only a shift in the oxidation states, which is easily remediated by rebalancing the electrolyte volumes and restoring the oxidation state via a minor charge step." 2) The only reason other chemistries are pursued is because the cost of the electrolyte could be cheaper. However, the writers note that "while other chemistries may offer lower initial capital costs, they may be more expensive to operate over time." There is a lot of analysis of how much cheaper the non-vanadium needs to be to make the overall battery operating costs lower. The required range is 10-20 times cheaper.3) The researches do not opine whether another flow battery technology (if it works) could ever compete with a vanadium one. In reading between the lines and assessing how much needs to go right for another flow battery technology supply chain, including electrolyte costing $10-20/kWh, it seems unlikely that there will be a flow battery cheaper than a VRFB on a total cost of ownership basis.Mikhail Nikomarov. Bushveld Energy CEO.

[begorrah88] 27/1/2023 10:18

Still doesn't say whether a prospectus has been submitted to the FCA for review yet. I don't believe it has got to that point yet & the reply purposely avoids saying that. Next delay already being prepared for.

[dontay] 27/1/2023 09:43

Response from Mustang Energy:The FCA were closed for document review between 16 December – 3 January but we have been making progress with the FCA process since the start of the new year.  Unfortunately, this process is one of those that we are unable to give any updates to shareholders until it has been completed and we have an FCA approved prospectus.  At the current time we are still aiming to complete the deal within the current maturity date of the Convertible Loan Notes which is 31 March, however this is dependent on the FCA. I wish I could be more succinct but unfortunately I can't at this time.