1/12
This energetic and informative interview with #BMN Mikhail Nikomarov gives great insight into what VRFBs can potentially offer the S.A. market
From 3m 23s,
VRFBs are "cheaper if you need multiple hours of storage on a daily basis"
#vanadium
moneyweb.co.za/moneyweb-radio…
This energetic and informative interview with #BMN Mikhail Nikomarov gives great insight into what VRFBs can potentially offer the S.A. market
From 3m 23s,
VRFBs are "cheaper if you need multiple hours of storage on a daily basis"
#vanadium
moneyweb.co.za/moneyweb-radio…
2/
By "shifting energy from when it is sunny to when it's not, like in the evenings."
Also, to "support the transmission system and the distribution network."
There he touches upon S.A.s biggest hindrances "load shedding" but also "overloaded networks."
By "shifting energy from when it is sunny to when it's not, like in the evenings."
Also, to "support the transmission system and the distribution network."
There he touches upon S.A.s biggest hindrances "load shedding" but also "overloaded networks."
3/
Added to this is the vanadium rental product which significantly reduces the upfront capital costs.
Given that Eskom is effectively broke but in need of efficiencies, it is a perfect solution for their ongoing troubles.
Added to this is the vanadium rental product which significantly reduces the upfront capital costs.
Given that Eskom is effectively broke but in need of efficiencies, it is a perfect solution for their ongoing troubles.
4/
All of the above ties very nicely in with the BMN quote from Q1 2021.
"The Company is working with energy policymakers to support initiatives to reverse the downward trajectory of South Africa's power system."
All of the above ties very nicely in with the BMN quote from Q1 2021.
"The Company is working with energy policymakers to support initiatives to reverse the downward trajectory of South Africa's power system."
https://twitter.com/BigBiteNow/status/1395354835831111684?s=20
5/
They can say that because their partner is the IDC.
"The IDC also has important stakeholder linkages with the South African government, regulators and utilities and other key players that are necessary to provide a catalytic stimulus for the energy storage industry."
They can say that because their partner is the IDC.
"The IDC also has important stakeholder linkages with the South African government, regulators and utilities and other key players that are necessary to provide a catalytic stimulus for the energy storage industry."
6/
Given my findings yesterday, it looks very much like the IDC are underwriting the debt required to build the mini-grid at Vametco.
That's buy-in to the tech.
So if the door is to be opened then they've certainly acquired the right key.
Given my findings yesterday, it looks very much like the IDC are underwriting the debt required to build the mini-grid at Vametco.
That's buy-in to the tech.
So if the door is to be opened then they've certainly acquired the right key.
7/
There are two angles here. Eskom and S.A. private industry.
If in tendering for the Eskom BESS the vanadium rental option is on the table then not only is Eskom potentially being offered the most appropriate tech for their chosen applications but also a means to finance it..
There are two angles here. Eskom and S.A. private industry.
If in tendering for the Eskom BESS the vanadium rental option is on the table then not only is Eskom potentially being offered the most appropriate tech for their chosen applications but also a means to finance it..
8/
at a far lower cost to lithium-ion.
Vanadium electrolyte forms c. 35% of the cost of the battery. By renting that element (something lithium-ion cannot offer because it degrades over time), Eskom can improve its RE input efficiencies and save money at the same time.
at a far lower cost to lithium-ion.
Vanadium electrolyte forms c. 35% of the cost of the battery. By renting that element (something lithium-ion cannot offer because it degrades over time), Eskom can improve its RE input efficiencies and save money at the same time.
9/
If an S.A based third party institution were available to carry the risk of the vanadium cost and rent it back to Eskom, then the offering takes on even more meaning.
Over on the industrial side of things the same rental product surely must be very attractive.
If an S.A based third party institution were available to carry the risk of the vanadium cost and rent it back to Eskom, then the offering takes on even more meaning.
Over on the industrial side of things the same rental product surely must be very attractive.
10/
As Mr Nikomarov points out Eskom power generation is still very dirty. That makes their operations dirty and acts as a hindrance in a world market that more and more is seeking cleaner carbon emission friendly purchasing.
As Mr Nikomarov points out Eskom power generation is still very dirty. That makes their operations dirty and acts as a hindrance in a world market that more and more is seeking cleaner carbon emission friendly purchasing.
11/
To this can be added the burden of loadshedding and lost production.
Whether S.A. miners like it or not they cannot avoid the changes taking place in the world forever.
Attitudes are changing at a pace.
To this can be added the burden of loadshedding and lost production.
Whether S.A. miners like it or not they cannot avoid the changes taking place in the world forever.
Attitudes are changing at a pace.
12/
That's why the Vametco mini-grid is so important in demonstrating the tech + its benefits to other similar operations.
Having the IDC at its back only makes it all the more compelling.
So two angles that whilst taking longer to come to fruition are very much in still play.
That's why the Vametco mini-grid is so important in demonstrating the tech + its benefits to other similar operations.
Having the IDC at its back only makes it all the more compelling.
So two angles that whilst taking longer to come to fruition are very much in still play.
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