Redt Energy Share Discussion Threads

[dlg3] 05/3/2017 11:30

American Vanadium's 100% controlled, open pit, heap leach Gibellini Project represents one of the lowest cost and most simple vanadium operations to be developed in the world.

The project's NI 43-101 compliant resource represents 131.369 million pounds of measured and indicated vanadium (i.e., vanadium pentoxide or V205) grading at 0.285%, and an additional 48.96 million pounds of inferred vanadium grading at 0.172% (more NI 43-101 details further below).

The Gibellini Project delivered a feasibility study September 2011 and is solidly tracking towards production (subject to permitting), which would make American Vanadium the only primary vanadium mine in the U.S..

The Company is undertaking a feasibility Study basecase under which mine production is projected to average 11.4 million pounds of vanadium pentoxide per year. This will enable Gibellini to potentially supply 5% of current global vanadium demand.

[dlg3] 05/3/2017 11:20

ANOTHER LARGO MINE THAT CAN BE BROUGHT INTO PRODUCTION WHEN VANADIUM SUPPLY TAKES OFF.






Overview

The 9,275-hectare Camp Alegre de Lourdes property is located 875 km north-northeast of Brasilia (capital of Brazil) and 650 km northwest of Salvador (capital of Bahia State) and hosts a large, potentially world class iron, titanium and vanadium deposits (Fe-Ti-V).

Project Developments

The property has had a significant amount of work done in the past, in particular between late 1970's to early 1980's by the state mining agency, the CBPM (Companhia Baiana de Pesquisa Mineral). Work has consisted of geochemical soil sampling, airborne geophysical survey, geological mapping, prospecting, preliminary metallurgical test work, petrographic studies and 60 holes totaling 5,257 metres of diamond drilling. .

All drill cores from the previous work have been moved to Largo's core storage facility at its Maracas Vanadium Project to complete systematic sampling and logging of the drill cores in order to confirm the Fe, TiO2 and V2O5 deposit values. Results may eventually be used to do geological modeling and a new resources estimate. It is expected that an independent consulting firm will be retained to review our modeling and resource estimate as well as review the historical resource estimate, complete independent sampling to verify previous results, and to prepare an independent NI 43-101 technical report.

[dlg3] 05/3/2017 11:18

Largo completed a Definitive Feasibility Study on the titled: Mineral Reserves (Proven and Probable Resources), Mineral Resources, and Inferred Resources for the Maracás Menchen Mine as calculated in: An Updated Mine Plan and Mineral Reserve for the Maracás Menchen Project, Bahia State, Brazil, dated July 8, 2016 and filed on SEDAR on July 8, 2016. Mineral Resource and Mineral Reserve Effective Date: March 31, 2016.

Below are details of the mineral resources for the Maracás Menchen Mine:

Mineral Resources*
Mineral Reserve: 18.4 million tonnes @ 1.17% V2O5 (P&P)
Mineral Resource: 21.1 million tonnes @ 1.24% V2O5 (M&I)
29.5 million tonnes @ 0.85% V2O5 (Inferred)

Mr. Robert Campbell, Vice President of Exploration to Largo, and a Qualified Person as defined by NI 43 101 has reviewed and approved this information

[netcurtains] 05/3/2017 11:16

thanks guys, good replies

[dlg3] 05/3/2017 11:08

The Company began initial construction activities at the Maracás Menchen Mine in June of 2012 and all systems and first production commenced in August 2014.

Production at the Maracás Menchen Mine commenced on August 2, 2014. The Company has achieve consecutive record production volumes in 2016 producing 730, 780 and 801 tonnes respectively.

Brief summary of Items key milestones:

First Production - Aug 2014
CAPEX completed within 2% of Budget - May 2014
Feed to Kiln - May 2014
Kiln commissioning - March 2014
Deammoniator commissioning - Mar 2014
AMV precipitation commissioning - Mar 2014
Leaching commissioning - Feb 2014
Milling and beneficiation commissioning - Feb 2014
Approx 20,000 tonne stockpile of crushed ore accumulated - Feb 2014
Crushing commissioned - Oct 2013
Electrical power line commissioned - Oct 203
Water treatment plant commissioned - Oct 2013

[dlg3] 05/3/2017 11:07

dogrunner11 yes vanadium is 30% of the cost of REDTS storage machine, also vanadium is the cheapest it has ever been ...there are new mines coming online to cope with supply...the reason it was not mined in the past is that additional mining would make it not viable due to oversupply......so vanadium not a problem...

[dogrunner11] 05/3/2017 10:55

> Vanadium Electrolyte (VE) is 42% of the cost of VRFB unlike 3% for lithium in

It's around 30% of our cost, on one of the investor presentations if I recall. I'd look but I'm off out.

Oh and we are cheapest at $490kWh, amazing when you consider tesla is $360 yet degrades by 40% in 5 years and obviously does not have half the lifespan of our product.

[dogrunner11] 05/3/2017 10:51

In 5-10 years it will probably be a new chemical, they are constantly working with new chemicals and Scott mentioned dual chemicals are 5-10 years away from being viable.

Generally where there's a demand they will have supply, Russia no doubt will be happy to fill a void.

We could have a machine that has options of vanadium or other chemicals, vanadium doesn't degrade and is always an asset.

Furthermore there's plenty of resource in slag heaps around the world. It's not something I'm concerned over and I haven't read the article as I'm about to head off for the day!

Plenty of these available...

[netcurtains] 05/3/2017 10:27

dogrunner11: I dont think it does as explain why Vanadium is the future as the web says it is not as simple as that:



prima facie it does not look like you can ramp Vanadium production up to meet a global demand for battery storage. Please explain to me why I have misunderstood the above link:


From pdf LINK below:
Vanadium Electrolyte (VE) is 42% of the cost of VRFB unlike 3% for lithium in
Lithium-ION. VE will remain an expensive rare commodity without primary supply



This is the UK company (based in REDING) in the industry:


could a CLEVER advfn poster manage to get a price list from OXKEM or similar company
Here is Oxkem's web page concerning Vanadium



Thanks

[dogrunner11] 05/3/2017 10:23

RedT emails

This is the reply I got from Redt -Thanks for getting in touch, and for flagging the article to us.

With regard to your query, it’s important to note that conventional lithium batteries are suited to different applications to redT’s patented VRFB technology. Our energy storage machines are stationary, large scale, energy assets that are designed for heavy industrial use over more than 20 years in multiple applications – making them suitable for use alongside renewables, diesel generators and in heavy industry, commercial or grid scale applications.

Lithium batteries on the other hand, are disposable, short duration, conventional batteries that require frequent replacement if used too heavily, which makes them well suited to electric vehicles or for applications requiring occasional, carefully-managed usage. So in this respect, the discovery of new lithium deposits is not likely to affect redT from a competition standpoint, as the respective applications that each technology is suited to are different.

Additionally, from a resource perspective, it is worth noting that Vanadium is more abundant in the earth’s crust than Lithium, making up 0.19%, compared to lithium, which makes up 0.0017%. Vanadium itself is a resource that is not in short supply and can be mined all over the world in large quantities.

I hope this clarifies Suzanne.

Many thanks,
Joe

[netcurtains] 05/3/2017 10:20

The web says that total vanadium production is small and its not that easy to get at.

Is the main problem "vanadium" itself? I mean the amount of GAS, COAL and OIL around appears to be far bigger than the amount of VANADIUM.....

There will be a point at which the demand for Vanadium will push up the price making it too uneconomic. Are we absolutely sure VANADIUM is the answer to the storage problem?

Thanks for any feedback on this topic.

[paleje] 05/3/2017 09:44

Sunday Telegraph today.. battery storage, forecast by Goldman Sachs to increase by a thousand-fold:-



Old energy order draws to a close amid battery storage revolution
JEREMY WARNER
Jeremy Warner 4 MARCH 2017 • 7:46PM
4 Comments
Wind and solar are intermittent forms of energy
Wind and solar are intermittent forms of energy CREDIT: ALAMY
Most revolutions are noisy, violent affairs with often destructive outcomes. But some creep up on you unawares. One such is the coming upheaval in energy supply. This promises to transform the way power is delivered to the consumer, with potentially dramatic implications for existing generators and distributors. And as if to prove the point that not all revolutions are bad, it also promises a world of much cheaper prices.

Changes that began as a regulatory response to global environmental concerns have developed an unstoppable momentum, and are now much more about a transformational tech shift.

The key ingredient here is the rapidly accelerating technology of battery storage. Over the last two years, battery costs have fallen 40pc, with further falls to come as economies of scale take hold. Rapid growth in the market for battery storage, forecast by Goldman Sachs to increase by a thousand-fold from $258m (£210m) last year to $258bn in 2025, should in turn remove a number of the key economic constraints on renewable forms of energy.

Wind and solar are intermittent forms of energy, and hitherto have therefore required complementary back-up generation to ensure there is enough power in the grid at all times to service demand. The great promise of storage is that it should lend renewables the same “always on” characteristics of more conventional forms of power, allowing electricity to be drawn when the wind is blowing, and given out again when it is not.

Solar panels on the roof of Hackney council estate
Solar panels on the roof of Hackney council estate CREDIT: ANDREW AITCHISON
As things stand, conventional power generation, with relatively high operating costs, is required as back-up for still, sunless days, significantly increasing the costs of power supply in the round. The irony is that the heavily subsidised nature of renewables has rendered the back-up grids required to function at all times commercially unviable; no sane investor would risk his money in an unsubsidised conventional power plant that only operates when it is needed; the economics don’t stack up. This in turn limits the scope for growth in marginal cost renewables. In investment terms, it creates a vicious circle of decline.

By removing some of the need for alternates, battery storage helps solve the problem. Nobody can say how quickly the transformation will take place. Self interest plainly drives some of the more starry-eyed forecasts. But estimates from Paul Massara – a former chief executive of Npower who now runs his own battery storage business, North Star – that at least half of all UK households will have installed battery storage facilities within 10 years, seem at least plausible.

In such a world, energy supply ceases to be the linear business of delivering power from the generator to the consumer as and when it is required, and becomes much more about smart grids and data management. There will always be a need for National Grid and the District Network Operator Companies, but they may have to radically change their charging methods from a metered usage basis to a single, all-you-can eat rental charge, to cater for this new, much more diffuse form of power provision. That’s what happened to BT.

Far less certain is that there will be any need for Hinkley Point C, the monstrous Électricité de France nuclear power plant now under construction in Somerset. This will in time be seen as a phenomenally expensive and unnecessary form of power generation; Theresa May’s Government will be cursed for locking us into such ruinously high prices. Too late now

[netcurtains] 05/3/2017 09:17

Thanks guys great thread - and that JOHN WARD link - great find.
Thanks

[dlg3] 05/3/2017 03:23

I wonder if they will install this now that the saudi renewable plan has gone into full swing???

MGT in partnership with Solar Systems Pty Ltd are installing a Concentrated Photo-Voltaic pilot plant in Saudi Arabia. The CS500 CPV system will be installed at the KAUST (King Abdullah University of Science and Technology) in their NEO (New Energy Oasis) solar energy validation centre. This initiative is to demonstrate the technology’s suitability for the harsh environmental conditions experienced in Saudi Arabia and is a prelude to wide deployment in utility scale power plants. The pilot is a single dish installation rated at 40kW. As with commercial installations, the dense array receiver is upgradable and ‘future proof’. The pilot will be third party validation plant for future increased cell efficiencies and innovations.
As the CS500 uses a closed loop cooling system it will not suffer the severe output de-rating effects of high ambient temperature. MGT is creating opportunities with local partners in the installation and maintenance of the systems and pursuing local supply of balance of plant and sub-components.
MGT also plans to integrate a RedT Flow Battery storage system into the NEO as part of complete solar energy solution. By combining both state of the art technologies MGT will demonstrate how the intermittency of renewable energy sources can be overcome, making Solar Energy truly despatchable to satisfy energy demand when it’s needed.

[dlg3] 05/3/2017 03:20

Saudi Arabia’s epic reorganisation
On May 7, 2016, King Salman announced a remarkably far-reaching government reorganization that clearly marks the first step toward the implementation of Vision 2030.
The change that raised most eyebrows internationally was the brisk removal of venerable oil minister Ali Al-Naimi, who had held the post for 20 years. Al-Naimi was the de facto leader of OPEC and mastermind behind the organization’s push for oil market share, which had led to the recent precipitous drop in oil prices.
He was replaced by Khalid Al-Falih, the former CEO and now chairman of Saudi Aramco, who had been temporarily “parked” as health minister for an interim period of a year.
The reshuffle signals a potential game changer for the prospects of renewable energy in Saudi Arabia: Al-Falih was made the powerful head of a new “ministry of energy, industry and mineral resources”, the new manifestation of the oil ministry.
The ministry of water and electricity was “canceled” without further ado; the responsibility for electricity (and thus control of SEC) now residing with the new energy ministry. Continuing his role as chairman of Aramco, Al-Falih holds one of the key positions in the implementation of Vision 2030. Furthermore, his ministry is expected to control KACST, KAUST, SIDF, NICDP and, very importantly, K.A.CARE.
The intent behind this reshuffle is clear – the paralysis brought about by a multitude of competing entities is to be replaced by a central, top-down governance structure, so that Vision 2030 can become a reality.

[dlg3] 05/3/2017 03:15

Clean Energy Finance Corporation chair, Jillian Broadbent, says Australia’s energy system can safely accommodate significantly higher levels of renewable energy, as long as this was “planned and coordinated” with the rollout of smart technologies, including demand management and battery storage.

Speaking on the subject of Australia’s Energy Future, at a conference hosted by UTS, ISF and BNEF on Thursday, Broadbent outlined the kind of technological solutions the green bank would be backing to help achieve what the PM likes to call the “energy trifecta” of security, sustainability and affordability.

[sefton1] 04/3/2017 23:56

Lot of hot air here. Just stick to the important facts and dump all the trivia.

[dogrunner11] 04/3/2017 21:32

Good comments from John Ward, good find DLG hadn't seen this before.

"We have partnered with Jabil (NYSE:JBL) to manufacture our systems for us, which allows us to concentrate on the development and marketing of our technology.

With their assistance we have developed our supply chain, and created a series of modular factory tested units which can be deployed rapidly. Using Jabil’s expertise in manufacturing has enabled our designers to develop a system with them which can be broken down into sub assemblies, so we can quickly set up facilities wherever there is demand and produce systems in volume within a very quick timeframe."

[dlg3] 04/3/2017 19:25

My topic today relates to the deployment of energy storage to industrial energy applications. Many industrial/enterprise facilities are rightly concerned with security of supply and the need to deploy renewables to decarbonise the overall enterprises carbon footprint. Since around 2007 I have been focused on a challenge, which is how can renewables be shaped with energy storage to deliver the type of quality power system that industrial consumers require.

The various forms of renewable energy generation have been rapidly declining in price to a point where they are at or less than the cost of conventional fossil generation. There now exists what I would consider a once in a generation opportunity to completely decarbonise electricity generation. The absence of any meaningful carbon tax and historically low fossil fuel prices distort this scenario somewhat but the overall trend is heading towards low cost reliable industrial power, particularly for embedded generation.

redT is commercialising a vanadium redox flow technology. This technology is suitable for long duration and constant cycling. It is quite unlike any other ‘batteries’ because it utilises the reduction and oxidation of the same material, meaning that charging and discharging can be virtually unlimited. The material never wears out. This long life aspect of the system and its robustness means that it is very useful for high duty cycling. We like to think of our system as an energy storage machine.

Other battery systems such as lithium ion and lead acid have specific applications. These can be used in combination with flow systems. redT is examining the application of these systems with super capacitors and other battery technologies to develop hybrid options.

Industrial energy consumers are concerned with cost. Some examples of this have been developed out and obviously exact costing depends on location, solar regime and wind regime. There is an interesting pattern of wind and solar in Ireland, see diagram below. What I have done here is run two generation series with wind and solar. What is interesting about this is that the PV generation increases when the wind is decreases.

[dlg3] 04/3/2017 18:46

07/02/17
VSA Capital Appointed Corporate Adviser by redT energy plc
AIM listed redT energy plc (AIM: RED), a leading vanadium redox flow battery developer and manufacturer, has appointed VSA Capital as its Corporate Adviser.