ESS Inc. Gets Ul1973 Certification For Flow Battery Modules

ESS Inc. has received UL1973 certification for the battery modules in its utility and industrial flow battery energy storage systems.
The company, headquartered in Oregon, US, said earlier this week that the S200 modules powering its Energy Warehouse commercial and industrial (C&I) products and Energy Center large-scale utility and grid battery storage have received the key certification.
ESS holds the IP for its proprietary flow battery technology, which is based on an iron and saltwater electrolyte. Not only is it safer from a fire risk perspective than lithium batteries, but is also non-toxic, unlike the electrolyte used in some other flow batteries, according to ESS.
UL1973 concerns the safe operation of battery energy storage system (BESS) technology, including evaluation of the systems’ ability to withstand simulated abuse conditions within the charge-discharge and usage parameters specified by the manufacturer.
As such it is considered important if not essential in making technologies bankable, as well as making it far easier or quicker to get site-level permitting, commissioning and negotiate other obstacles in the early lifecycle of a BESS project.
This was explained in an interview with by Matt Harper, the president of Invinity, another flow battery company, which achieved UL1973 certification last year for its VS3 modules.
Furthermore, recent updates to UL1973 as well as an overview of the certification and how it works were given in a webinar hosted by with experts from standards organisation CSA Group in October last year.
Meanwhile ESS, which went public in late 2021, claiming to be the first long-duration energy storage (LDES) provider to do so in the US, ended 2022 with 800MWh annual production capacity for its flow battery.
The company has claimed some big orders, including a 2GWh multi-year deal with California municipal utility SMUD, and has licensed its tech to a partner in Australia, but only banked US$894,000 revenues for the whole of last year, and will be looking to start realising the revenues from those and various other deals. Representatives claimed in an interview with this site last year that ESS is receiving significant interest from major players across the energy space.

Mercuria Boosts Exposure To Transition Metals In Hybrid Approach

Commodity trading house Mercuria is ramping up exposure to metals needed for the green transition such as copper, cobalt and lithium, both through buying company stakes and forging trading relationships, an executive said.
In the past two years the Swiss trader has invested in several firms involved in critical minerals, even when there is no immediate prospect of getting offtake deals, Guillaume de Dardel, head of energy transition metals, told Reuters.
The companies are in different parts of the supply chain providing raw materials needed for electric vehicles, renewable energy and energy storage.
Mercuria has targeted 50% of investments by the firm would be in the energy transition sector by 2025, de Dardel added in an interview.
“We have investments where there’s no immediate trade flow angle, we did it to build partnerships and equity exposure. It’s a hybrid model,” he said.
“Once we decided to have exposure, then we try to find synergies, overlap or touch points with more our more traditional business, but that’s not the starting point.”
Mercuria holds many of its investments through privately held TechMet, which has stakes in companies such as Brazilian Nickel plc, Cornish Lithium and U.S. Vanadium.
The U.S. International Development Finance Corp is TechMet’s second biggest investor after Mercuria, and partnership with the U.S. government is one of the attractive factors of the investment, de Dardel said.
Both the EU and United States are seeking to curb their dependence on China, which supplies about 95% of the EU’s rare earths, needed for EVs and wind turbines.
“TechMet is also addressing the geopolitical constraints around rebuilding supply chains for the West in a very strict ESG framework.”
Mercuria also has holdings in Australia-listed Jervois Global Ltd (JRV.AX), which owns the only cobalt mine in the United States, an operating cobalt refinery in Finland, and is restarting a nickel refinery in Brazil.
It also invested in Norway’s REEtec to increase its exposure to the processing area of the supply chain, de Dardel said. The company uses environmentally friendly technology to separate rare earths in Europe, which still relies on Chinese refining capacity.

AMG Advanced Metallurgical Group N.V. Announces 25% Shareholding In Zinnwald Lithium Plc

AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that it has agreed with Zinnwald Lithium Plc (“Zinnwald”) (ZNWD, AIM) to subscribe for up to 124 million newly issued ordinary shares as a cornerstone investor to Zinnwald’s accelerated book build. The shares will be subscribed for at a 10% premium to the 20-day Volume Weighted Average Price (“VWAP”) as of the close of market on March 20, 2023, that is, a price of 10.41 pence per share. Upon admission of the newly issued ordinary shares, expected on March 29, AMG will become a 25% shareholder of Zinnwald.
Dr. Heinz Schimmelbusch, AMG’s CEO, commented, “AMG’s investment in Zinnwald is a valuable strategic opportunity. As a partner with Zinnwald, together we will pursue a definitive feasibility study for their project in Eastern Germany. Establishing a raw material base in Germany close to our Bitterfeld operations has obvious logistical and strategic benefits for AMG, and we look forward to working with Zinnwald on this exciting project.”
About Zinnwald
Zinnwald is an AIM quoted, lithium development company focused on becoming an important supplier to Europe’s fast-growing battery sector. The Company owns the integrated Zinnwald Lithium Project in Germany, a development-stage project with attractive economics and approved mining licence. A PEA published in September 2022, highlighted the positive economics of the Project with a Pre-tax NPV8 of US$1,605m, IRR of 39.0%, $192m EBITDA and a payback of just 3.3 years. The Project is located in the heart of Europe’s chemical and automotive industries and has the potential to be one of Europe’s more advanced battery grade lithium projects.
About AMG
AMG’s mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG’s products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets.
AMG Clean Energy Materials segment combines AMG’s recycling and mining operations, producing materials for infrastructure and energy storage solutions while reducing the CO2 footprint of both suppliers and customers. AMG Clean Energy Materials segment spans the vanadium, lithium, and tantalum value chains. AMG Critical Materials Technologies segment combines AMG’s leading vacuum furnace technology line with high-purity materials serving global leaders in the aerospace sector. AMG Critical Minerals segment consists of AMG’s mineral processing operations in antimony, graphite, and silicon metal.
With approximately 3,400 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, Sri Lanka, and Mozambique, and has sales and customer service offices in Japan.

RFB Offering Opportunities To Australian Vanadium

ASX-listed Australian Vanadium is evaluating the economic opportunities that vanadium redox flow batteries (VRFBs) could offer the company.
Speaking at the second day of the Paydirt Battery Minerals conference, in Perth, Australian Vanadium CEO Graham Arvidson said that the company was “open-minded” on how Australian Vanadium and its subsidiary VSUN Energy could participate in the opportunity.
“How we can participate in that whole commercial economic spectrum is really important and I think it offers lots of opportunity for optionality in the business,” he said.
Meanwhile, Australian Vanadium is also looking to expand its vanadium electrolyte manufacturing capabilities into the Australian East Coast.
The company recently completed detailed design, ordered long-lead items and secured a site for its initial vanadium electrolyte manufacturing facility in Western Australia. At this facility, US partner US Vanadium’s proven electrolyte manufacturing technology would be deployed, with Australian Vanadium targeting the production of up to 33 MWh/y of VRFB high-purity electrolyte.
Until production of vanadium oxides from Australian Vanadium’s Midwest Processing Hub commences, vanadium oxide feedstock for the electrolyte facility will be sourced through the company’s agreement with US Vanadium.
“We are proceeding apace with the electrolyte facility,” Arvidson told delegates.
“We expect to be first movers and we expect to produce the highest-grade electrolyte here in Perth initially, and we are talking to and looking for opportunities on the east coast where we think there’s even bigger opportunities in the redox flow batteries.”

HBIS Invites Bids For Ferrovanadium

BEIJING (Asian Metal) 23 Mar 23 – HBIS Group Co., Ltd. invited bids starting on March 23rd to purchase 20t of ferrovanadium 80%min with the delivery to be made on March 31st.

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Shaanxi Steel & Iron Group Announces Bidding Result For Vanadium Nitride

BEIJING (Asian Metal) 23 Mar 23 – Shaanxi Steel & Iron Group Co., Ltd. on March 23 purchased 40t of vanadium nitride through bidding at RMB201,000/t (USD29,437/t) delivered D/A 180 days.

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Ansteel Machinery & Mill Roll Invites Bids For Ferrovanadium

BEIJING (Asian Metal) 23 Mar 23 – Ansteel Machinery & Mill Roll Co., Ltd. invited bids starting on March 23 to purchase 10t of ferrovanadium 50%min.

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Chinese Vanadium Pentoxide Powder Prices Down

BEIJING (Asian Metal) 23 Mar 23 – In view of the soft demand and dropping raw material prices, Chinese vanadium pentoxide powder 99.5%min market mentality kept weak during the past week. Currently, the mainstream prices of Chinese vanadium pentoxide powder 99.5%min stand at RMB155,000-160,000/t (USD10.2-10.5/lb V2O5) EXW D/P, down by RMB5,000/t (USD0.3/lb V2O5) from late last week. Considering that most buyers prefer to watch the market, insiders believe that the mainstream prices of Chinese vanadium pentoxide powder 99.5%min would keep soft in the coming week.

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Chinese Vanadium Nitride Prices Move Down Slightly

BEIJING (Asian Metal) 23 Mar 23 – Due to the sufficient supply in spot market, Chinese vanadium nitride market mentality went weak accordingly during the past week. Currently, the mainstream prices of Chinese vanadium nitride stand at RMB201,000-204,000/t (USD37.5-38.1/kg V) delivered D/A 180 days, down by RMB1,000/t (USD0.2/kg V) from late last week. Considering that most producers face growing inventory pressure for the moment, insiders believe that the mainstream prices of Chinese vanadium nitride would move down slightly in the following week.

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Chinese Ammonium Metavanadate Prices Drop

BEIJING (Asian Metal) 23 Mar 23 – As vanadium alloy bidding prices keep moving down, Chinese ammonium metavanadate prices couldn’t get effective support and the market mentality stayed negative during the past week. Currently, the mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB128,000-130,000/t (USD18.4-18.7/kg) EXW D/P, down by RMB1,000/t (USD0.1/kg) from late last week. Considering that few buyers would like to add inventory and the rare inquiries in spot continues, insiders believe that the mainstream prices of Chinese ammonium metavanadate 98%min would edge down in the coming week.

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China Top Five Vanadium Pentoxide Flake Producers By Output In Feb

BEIJING (Asian Metal) 23 Mar 2023

  • Unit:mt
  • Company Output
    Pangang Group Vanadium Titanium & Resources Co. 3,000+
    Sichuan Tranvic Group-S 1,000+
    Sichuan Desheng Group Vanadium and Titanium Co.,Ltd 1,000+
    Hebei Steel Group Chengde Steel Co-S 600+
    Heilongjiang Jianlong Steel Co-S 600+
Vanadium Pentoxide Powder 98%min EXW China

China vanadium pentoxide flake producers’ output statistics by province by month
Unit: mt

China Top Five Vanadium Pentoxide Flake Producers By Operating Rate In Feb

BEIJING (Asian Metal) 23 Mar 2023

  • Company Operating rate
    Sichuan Desheng Group Vanadium and Titanium Co.,Ltd 100%
    Pangang Group Vanadium Titanium & Resources Co. 100%
    Heilongjiang Jianlong Steel Co-S 90%+
    Panzhihua Yangrun Technology Co. 80%+
    Yudian Vanadium Industry Co., Ltd. 80%+
Vanadium Pentoxide Powder 98%min EXW China

China vanadium pentoxide flake producers’ output statistics by province by month
Unit: mt

China’s 5 Vanadium Nitride Producers Stopped Operation In Feb

BEIJING (Asian Metal) 23 Mar 2023 – In Feb, a total of 5 vanadium nitride producers stopped operation in China. 3 of the 5 vanadium nitride producers locate in Hubei, 1 in Jiangxi and 1 in Fujian. The idled production capacity for vanadium nitride was 9,660.00mt in total, 1,932.00mt on average each producer.

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China’s Days Sales Of Inventory Of Vanadium Nitride Producers Increased 23.08% YoY In Feb

BEIJING (Asian Metal) 23 Mar 2023 – In Feb, China’s days sales of inventory of vanadium nitride producers were 16 days, 13 days in the same period last year and 16 days in the previous month, up 23.08% YoY.

In Jan-Feb, China’s monthly average days sales of inventory of vanadium nitride producers were 16 days, 12 days in the same period last year, up 28.00% YoY.

In Feb, China’s days sales of inventory of active vanadium nitride producers were 16 days, 13 days in the same period last year and 16 days in the previous month.

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Chinese Clean Energy Players Catl, Jinkosolar, Sungrow Take Battery Storage To Japan Market

At World Smart Energy Week in Japan last week CATL, Jinkosolar and Sungrow exhibited battery storage products, with the country’s utility-scale BESS and commercial and industrial (C&I) markets showing strong potential.
The Tokyo show plays host to a number of co-located exhibition and conference strands, including PV Expo and Battery Japan. While it had been much quieter than usual during the first two years of the pandemic, the show attracted tens of thousands of guests in years prior to that.
Held last week, the 2023 show marked a return to that previous form, and while video of the event shows guests to be masked up as a safety measure, the numbers looked healthy.
CATL, the world’s biggest manufacturer of lithium-ion batteries, also makes complete energy storage solutions including racks, cabinets and containerised battery energy storage system (BESS) units. The company exhibited the range at international shows last year including RE+ 2022 in California, US, where it also announced a 10GWh multi-year supply deal with system integrator FlexGen, as well as a similarly-sized deal a few months later with the UK’s Gresham House.
At the Tokyo expo, CATL showcased its cell-to-pack (CTP) solutions for larger scale commercial and utility applications, including its EnerOne modular liquid cooled battery storage solution for outdoor installation and EnerC, its containerised units.
Both use lithium iron phosphate (LFP) cells and are certified to international standards, as well as having received test reporting for UL 96540A cell, module and installation level testing. The systems’ independent liquid-cooling plates outside the modules maintain temperature difference between cells to within 3? at rack level and within 5? when containerised.
Meanwhile JinkoSolar, rated as one of the members of the Solar Module Super League of manufacturers by our colleagues at PV Tech, launched its SunGiga liquid-cooled battery storage product at the Tokyo event.
The Japanese commercial and industrial (C&I) market segment has a strong business case for peak shaving applications, and SunGiga is aimed at this segment. Compatible with 1000V and 1500V DC systems, each cabinet has up to 344kWh capacity in eight battery modules.
It can be configured in system sizes from 500kWh to 2MWh, suitable for up to 4-hour durations, with integrated power conversion system (PCS), switchgear and fire protection system. It comes with automatic state of charge (SoC) calibration, while the liquid cooling and other thermal management can keep temperature difference within 2?, JinkoSolar claimed.
Together with Jinko’s n-type TOPCon (tunnel oxide passivated contact) solar PV cells, the BESS creates what the company described as a comprehensive solar-plus-storage offering.
Similarly, Sungrow, also a major player in solar PV from China, exhibited its liquid-cooled PowerTitan energy storage system (ESS) for utility-scale applications, as part of its complete portfolio together with residential and C&I products.
Launched fairly recently and featured in a PV Tech Tech Talk webinar in November 2022, Sungrow claimed more than 9GWh of orders have been booked for PowerTitan globally already. The system features a DC-DC controller, which can charge and discharge individual battery racks.
Sungrow said PowerTitan is being launched in Japan to capture growing promise in the utility-scale space, which the company said “holds great potential, especially for the demand for frequency regulation”.
As reported by yesterday, battery manufacturer Gotion High-Tech from China’s Anhui Province also entered that market through a strategic cooperation deal with Japanese renewables platform Edison Power.

Europe Deployed 1.9GW Of Battery Storage In 2022, 3.7GW Expected In 2023

Some 1.9GW of grid-scale battery energy storage was deployed across Europe last year, of which nearly 85% was in UK, Ireland, Germany and France according to research firm and consultancy LCP Delta.
The company said 170 grid battery storage projects came online last year totalling 1.9GW, a record-breaking year. It is forecasting 3.7GW to come online in 2023, nearly 100% year-on-year growth. The figures are from its new energy storage data platform STOREtrack.
A press release did not provide a country-level breakdown but LCP Delta did provide this data to, detailed in the infographic below. Hover over a part of the bars in the chart to see which country it represents.
According to the firm’s data, 833MW was deployed in GB in 2022 (UK excluding Northern Ireland). Solar Media’s Market Research UK Battery Storage Project Database Report pegs the figure at around 750MW/800MWh including Northern Ireland. In either case the figure corresponds to around 40% of the European total.
LCP Delta pegs Ireland as the next-highest market with 328MW deployed in 2022 (17%), followed by Germany’s 226MW (12.3%) and France’s 224MW (11.6%). The four countries combined therefore accounted for 84.4% of the 1.9GW deployed in 2022.
Italy is expected to jump substantially, from 1.3% of deployments in 2022 to 22.7% in 2023.
What were claimed to be the largest (by MWh) projects in Europe overall, and Europe excluding the UK, both came online last year. Harmony Energy brought a 196MWh system online in Yorkshire, Northern England, while two 100MWh projects in Belgium were commissioned around the turn of the year; one from developer Corsica Sole and another from Aquila Clean Energy EMEA.
The European Union made several high-profile policy moves last week to help foster the growth of the continent’s energy storage market which were welcomed by the industry.
Its new Net Zero Industry Act, part of the Green Deal Industrial Plan, was proposed last week to help “scale up the clean energy transition quickly” and included energy storage as one of the technologies covered. Earlier in the week, its proposed Electricity Market Design reforms were welcomed by energy storage trade bodies.
LCP Delta was formed through the merger of LCP Energy and energy transition analysis and research group Delta-EE.

Jubilee Metals Group’s (JLP) “Buy” Rating Reaffirmed At Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Jubilee Metals Group (LON:JLP – Get Rating) in a research note issued to investors on Monday morning, reports. They currently have a GBX 20 ($0.25) price target on the stock.
Jubilee Metals Group Stock Down 9.0 %
LON:JLP opened at GBX 7.19 ($0.09) on Monday. Jubilee Metals Group has a 12-month low of GBX 7.12 ($0.09) and a 12-month high of GBX 17.50 ($0.21). The company has a quick ratio of 1.15, a current ratio of 1.77 and a debt-to-equity ratio of 4.26. The firm has a market capitalization of £196.29 million, a P/E ratio of 722.50 and a beta of 1.52. The stock’s fifty day simple moving average is GBX 10.54 and its 200-day simple moving average is GBX 11.24.
In related news, insider Ollie Oliveira purchased 326,000 shares of Jubilee Metals Group stock in a transaction dated Thursday, February 16th. The shares were acquired at an average cost of GBX 9 ($0.11) per share, for a total transaction of £29,340 ($36,030.95). 31.63% of the stock is owned by corporate insiders.
Jubilee Metals Group Company Profile
Jubilee Metals Group plc operates as a diversified metals recovery company. It operates through PGM and Chrome, Copper and Cobalt, and Other segments. The company explores for platinum group metals, such as platinum, palladium, rhodium, ruthenium, iridium, and osmium; and chrome, lead, zinc, vanadium, copper, and cobalt ores.

Corcel (LON:CRCL) Shares Down 3.6%

Corcel Plc (LON:CRCL – Get Rating)’s stock price fell 3.6% during mid-day trading on Monday . The stock traded as low as GBX 0.26 ($0.00) and last traded at GBX 0.27 ($0.00). 2,038,174 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 6,433,642 shares. The stock had previously closed at GBX 0.28 ($0.00).
Corcel Price Performance
The firm has a market capitalization of £2.18 million, a P/E ratio of -30.00 and a beta of 1.56. The firm has a 50 day moving average price of GBX 0.26 and a 200-day moving average price of GBX 0.30. The company has a current ratio of 0.17, a quick ratio of 0.09 and a debt-to-equity ratio of 45.55.
Corcel Company Profile
Corcel Plc engages in the exploration and development of natural resources and battery metals. The company owns a 41% in the Mambare nickel-cobalt project with license EL1390 covering 256 square kilometers near Kokoda in Papua New Guinea; and 50% interest in the Dempster vanadium project comprising 196 mineral claims covering an area of 40.96 square kilometers located in Yukon, as well as 100% interest in the WoWo Gap nickel-cobalt project in Papua New Guinea.

Anglo Pacific Group (OTCMKTS:AGPIF) Shares Up 5%

Shares of Anglo Pacific Group plc (OTCMKTS:AGPIF – Get Rating) rose 5% during mid-day trading on Monday . The company traded as high as $1.46 and last traded at $1.46. Approximately 500 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 23,434 shares. The stock had previously closed at $1.39.
Anglo Pacific Group Price Performance
The business has a 50-day simple moving average of $1.72 and a 200-day simple moving average of $1.77.
About Anglo Pacific Group
Anglo Pacific Group plc operates as a natural resources royalty and streaming company. The company has royalties and investments in mining and exploration interests in cobalt, coking coal, iron ore, copper, vanadium, uranium, and gold primarily in Australia, North and South America, and Europe. Anglo Pacific Group plc was incorporated in 1967 and is headquartered in London, the United Kingdom.

Silver Elephant Delivers Additional 2,937 Tonnes Of Coal To China From Its Ulaan Ovoo Mine In Mongolia

Silver Elephant Mining Corp. (TSX: ELEF) (OTCQX: SILEF) (FSE:1P2) (“Silver Elephant” or “the Company”)  announces that, further to its news release dated February 22, 2023, Another rail shipment totaling 2,937 tonnes of coal has departed for China from its Ulaan Ovoo mine in Mongolia.
About Mega Thermal Coal Corp.
Mega Thermal Coal Corp. is a wholly-owned subsidiary of Silver Elephant, which owns and operates the Ulaan Ovoo mine. Mega Thermal Coal Corp. also owns and operates Chandgana Khavtgai and Chandgana Tal coal mines in Mongolia.
About Silver Elephant Mining Corp.
Silver Elephant Mining Corp. is a premier silver mining and exploration company, with its flagship Pulacayo silver project in Bolivia. It also owns 100% of Mega Thermal Coal Corp and 39% of Oracle Commodity Holding Corp. (“Oracle”). Oracle has equity and royalty investments in nickel and vanadium mining companies.