1/8
Interesting deal announced between Brisbane based @VeccoTom and Shanghai Electric for the supply of an electrolyte plant in Australia.
Yet another sign of momentum that is gathering in the VRFB inudusty.
#BMN #Vanadium
veccogroup.com.au/vecco-group-to…
Interesting deal announced between Brisbane based @VeccoTom and Shanghai Electric for the supply of an electrolyte plant in Australia.
Yet another sign of momentum that is gathering in the VRFB inudusty.
#BMN #Vanadium
veccogroup.com.au/vecco-group-to…
2/
Shanghai Electric recently announced plans for a 100MW/400MWh VRFB project in Yancheng in east China's Jiangsu province.
One of several high profile projects and which alone should demand c. 1,600 mtV of vanadium,
argusmedia.com/en/news/219673…
Shanghai Electric recently announced plans for a 100MW/400MWh VRFB project in Yancheng in east China's Jiangsu province.
One of several high profile projects and which alone should demand c. 1,600 mtV of vanadium,
argusmedia.com/en/news/219673…
3/
which is close to 1.5% of total world vanadium supply in 2020.
Just one project.
A subject I discussed in a recent blog (see here).
bbnbigbitenow.com/post/do-newly-…
which is close to 1.5% of total world vanadium supply in 2020.
Just one project.
A subject I discussed in a recent blog (see here).
bbnbigbitenow.com/post/do-newly-…
4/
According to the enclosed article below,
"once the plant reaches full scale" it will "produce $60 million worth of vanadium electrolytes a year."
According to Vecco Group, full scale is currently 300MWh per annum.
afr.com/street-talk/ch…
According to the enclosed article below,
"once the plant reaches full scale" it will "produce $60 million worth of vanadium electrolytes a year."
According to Vecco Group, full scale is currently 300MWh per annum.
afr.com/street-talk/ch…
5/
Given the article is Australian based, I take that to be AUD dollars. Converted to US dollar, we are talking c. $46m in revenues at 300MWh
If we now reference this back to @BushveldMin_Ltd, then at initial production of 200MWh, their plant would be producing $30m...
Given the article is Australian based, I take that to be AUD dollars. Converted to US dollar, we are talking c. $46m in revenues at 300MWh
If we now reference this back to @BushveldMin_Ltd, then at initial production of 200MWh, their plant would be producing $30m...
6/
of electrolyte per annum.
If we then employ the conversion rate of 4.2 mtV (see my blog post above), then we are talking c. 840 mtV of vanadium required.
As a barometer, in 2019 BMN reported $116.5m in revenues from 2,392 mtV sold, at an ave. price of c. $48 per kg.
of electrolyte per annum.
If we then employ the conversion rate of 4.2 mtV (see my blog post above), then we are talking c. 840 mtV of vanadium required.
As a barometer, in 2019 BMN reported $116.5m in revenues from 2,392 mtV sold, at an ave. price of c. $48 per kg.
7/
Therefore when fully operational, the electrolyte plant has the ability to generate more than 25% of the total 2019 revenues but in energy storage, non-steel industry-related sales.
To this, we need to add,
25% ownership of Enerox,
Vanadium rental partnership with Invinity,
Therefore when fully operational, the electrolyte plant has the ability to generate more than 25% of the total 2019 revenues but in energy storage, non-steel industry-related sales.
To this, we need to add,
25% ownership of Enerox,
Vanadium rental partnership with Invinity,
8/
Mini-grid projects solutions in S.A,
Ambitions to secure S.A. utiliy scale VRFB projects.
All of which has the ability to push even an expanded BMN (2021 production = 4,250 mtV), beyond that 25% figure.
Not a pipedream. All fully funded and on the way to being realised.
Mini-grid projects solutions in S.A,
Ambitions to secure S.A. utiliy scale VRFB projects.
All of which has the ability to push even an expanded BMN (2021 production = 4,250 mtV), beyond that 25% figure.
Not a pipedream. All fully funded and on the way to being realised.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
