Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Bushveld Minerals delighted with solar power and vanadium-based energy storage project

% of readers think this story is Fact. Add your two cents.


Bushveld Minerals Limited (LON:BMN) told investors it is delighted with the progress with a solar power and energy storage project at the Vametco mine site.

The ‘mini-grid’ project will comprise around 3.5 megawatts of solar photovoltaic (PV) generation and 4 megawatts hours of vanadium redox flow battery (VRFB) energy storage.

It will boost energy security for the mining operation and also demonstrate the utility of vanadium-based energy storage solutions for industrial settings.

READ: Bushveld raises US$35mln

Bushveld said the project will demonstrate the superior technical merits of long duration VRFB systems when paired with renewable energy, while providing a commercial return.

The mini-grid will supply around 10% of Vametco’s electrical energy consumption at any one time.

The company has so far secured government approval for the project, has selected its technologies providers and suppliers, and has inked a memorandum of understanding with a South African investment group which will be strategic and funding partner for the project.

A power purchase agreement was previously signed for the project along, separately, with a term-sheet for long-term debt funding.

“I am delighted with the progress of the Vametco mini-grid project,” said Fortune Mojapelo, Bushveld chief executive.

“In showcasing the business case for solar plus long duration VRFB solutions, this project will open up significant opportunities for further VRFB deployments.”

Mojapelo added: “Most importantly, we are building a large-scale solar project with a vanadium-based battery, to store the generated electricity.

“The vanadium comes from our mine and the battery, comes from Enerox, one of our VRFB manufacturing investments.

“The project has already attracted both debt and equity funding interest from reputable funding institutions which demonstrates the economics of such solar and VRFB mini-grids, even when compared to grid tariffs.”

Story by ProactiveInvestors


Source: https://www.proactiveinvestors.com/companies/news/933676/bushveld-minerals-delighted-with-solar-power-and-vanadium-based-energy-storage-project-933676.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.