Thread by @BigBiteNow

A comprehensive update on what being an investor in @BushveldMin_Ltd means for today and tomorrow.

"VRFBs that use #vanadium that we produce and the electrolyte that we manufacture, even if they were made elsewhere, will carry more than 50% local content"

https://twitter.com/MiningWeekly/status/1229327761543716865

#BMN 21st Jan ESP 2nd Stakeholder Consultation presentation ;

"If local content in the Eskom Battery programme achieves the 40-50% level, as was prescribed during REIPPP, from the start, it will accelerate the manufacturing and investment business case"

esmap.org/sites/default/…

Meaning if @BushveldMin_Ltd win sufficient large scale battery mandates from the Eskom BESS Project, it will accelerate electrolyte manufacturing and ultimately drive the investment decision to move those "elsewhere" #VRFBs a lot closer to the contract source.

#BMN

Where I am struggling @BushveldMin_Ltd, is how does one winning bidder on 800MWh of batteries, build out capacity fast enough, from a 200MWh standing start?

Or is the targeted package less than 200MWh?

Its certainly fun trying to find out.

#BMN

@BushveldMin_Ltd The article states ;

"Investments into battery companies will also take place in an effort to establish a platform that will be used to mobilise other funding from third-party sources to support the upscaling of VRFB manufacturing in South Africa."

#BMN

#BMN have to date NOT invested in UET.

The above statement if quoted correctly, lends itself to 1 of 2 outcomes ;

1. An investment in UET to help drive future S.A. based #VRFB manufactuing.

2. An existing (pending) VRFB OEM investment partner, will be supported in this.

I may well be proved wrong but right now I very much like the look of Enerox as the first S.A. based #VRFB manufacturer, which places them in position A, as the technical 'partner' for any assault on the Eskom BESS Project tender.

#BMN #vanadium