Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Bushveld Minerals Limited    BMN   GG00B4TM3943

BUSHVELD MINERALS LIMITED

(BMN)
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector news

Bushveld Minerals : Energy commissions first VFRB project

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/28/2019 | 05:34am EDT

At completion, the unit will have a peak output of 450 kWh.

Completion of our first energy storage project in Africa, with [State-owned power utility] Eskom, has allowed Bushveld Energy to expand its project development capabilities during the final quarter of 2018.

We can approach the development of a more complex project that includes a hybrid of solar generation and VFRB storage technologies with even higher confidence, said Bushveld Energy CEO Mikhail Nikomarov.

The company has initiated development of a 1 MW minigrid, combining solar photovoltaic generation and energy storage using VFRB technology at Vametco, Bushveld Minerals vanadium mine, which will feed electricity directly into the internal distribution network of the mine.

The minigrid project will demonstrate both the superior technical merits of long-duration VFRB systems when paired with renewable energy, while providing a commercial return to its investors. It will also use locally mined and beneficiated vanadium, showing how VFRB energy solutions can create more local value to South Africa than any other storage technology, Nikomarov said.

Meanwhile, the company has progressed the development of a vanadium electrolyte production facility, including the procurement of 2 t of vanadium for conversion into electrolyte. The scaled-up conversion process is currently being executed.

Nikomarov stated that there is sufficient market demand for vanadium electrolyte to support the installation of a 200 MWh capacity facility in South Africa.

Bushveld Energy aims to participate in 1 000 MWh of opportunities in Africa by 2020.

(c) Publishing Rights Reserved to Bahrain News Agency 2003 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BUSHVELD MINERALS LIMITED
05/03BUSHVELD MINERALS : acquires Vanchem plant
AQ
05/03BUSHVELD MINERALS : buys Duferco's Vanchem plant
AQ
05/02BUSHVELD MINERALS : South Africa's Bushveld to acquire vanadium processing plant
AQ
04/11BUSHVELD MINERALS : subsidiary secures loan facility for Imaloto power station p..
AQ
04/06BUSHVELD MINERALS : appoints new Vametco GM, group finance head
AQ
03/30BUSHVELD MINERALS : Bushvelds vanadium redox flow battery projects progress
AQ
03/28BUSHVELD MINERALS : Energy commissions first VFRB project
AQ
02/07VANADIUMCORP RESOURCE : engages Dr. Luke Longridge and CSA Global
AQ
2018BUSHVELD MINERALS : fined for breaching AIMs listing rules
AQ
2018BUSHVELD MINERALS : Business briefs
AQ
More news
Financials (GBP)
Chart BUSHVELD MINERALS LIMITED
Duration : Period :
Bushveld Minerals Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BUSHVELD MINERALS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Average target price 0,57  GBP
Spread / Average Target 101%
Managers
NameTitle
Fortune Mojapelo Chief Executive Officer & Director
Ian Clyde Watson Non-Executive Chairman
Geoffrey N. Sproule Chief Financial Officer & Director
Anthony Richard Viljoen Non-Executive Director
Jeremy Friedlander Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BUSHVELD MINERALS LIMITED-26.45%403
ANGLOGOLD ASHANTI LIMITED (CHESS)-2.87%4 893
ANGLOGOLD ASHANTI LIMITED--.--%4 875
PANGANG GROUP VNDM TM & RES CO LTD--.--%4 125
CAMECO CORP-11.69%4 021
LARGO RESOURCES LTD-38.16%680