VFlow's Modular approach suggests targeting multiple segments...

VFlow's Modular approach suggests targeting multiple segments (IF and WHEN this ever takes off with TNG and as Australia's energy sector evolves from old grid technologies, policy reforms & regulations). https://www.pv-magazine-australia.com/2021/10/07/vanadium-redox-flow-batteries-with-purported-lcos-of-0-10-kwh/

VFlow seem to have a small install-base according to this 2020 map https://flowbatteryforum.com/wp-content/uploads/2020/07/200701-FB-World-Map.pdf

Vanitec, Sumitomo (missed opportunity for TNG?), CellCube, US Vanadium were some of the sponsors in the last conference in July 2021 https://flowbatteryforum.com/2021-july-symposium/ Interesting to note other sponsors included AMG Titanium Alloys & Coatings and Chemours (world’s largest producer of high-quality titanium dioxide, with Ti-Pure™ for coatings, plastics, and laminates according to their website. Their TiO2 products should compete with TNG360 but they also provide membranes for flow batteries). Coincidence of titanium players sponsoring this flow battery forum event?

Don't fully understand LCOS comparison but this 2019 published source https://www.storage-lab.com/levelized-cost-of-storage suggests favouring Lithium batteries in the longer run, with VRFB disappearing? (Happy to be corrected if I have misinterpreted this). I cannot tell if Dr Schmidt's credentials are based on theoretical or real-world battery deployment experiences. But he does expose other datasets here https://www.storage-lab.com/data if anyone wants to dive in.

I hope I am not creating a monster out of our TNG forum Yoda, @Propunter2, by opening this can of worms for him In my head, it is very easy for me to ignorantly conclude on causal inferences as the world of renewable energy is new to me.

But what all this does demonstrate is just how advanced Europe and US are in the longer duration storage space, but in an industry that is still in its infancy. In this 2020 International Flow Battery Forum preso - the first presenter talks about overall activity in EU but of note was his description European Battery Alliance, which is all about a complete battery manufacturing value chain and the funding that is available to them in EU; the US Dept of Energy guy in the Q&A provides support (indirectly) for how TiVAN can bring cost of extracting Vanadium down (think TiVAN patents in global geo's that Propunter2 shared with us this week); the IDTechEx preso supports Jonathan Fisher's point on funding availability (and briefly talks about both flow and hydrogen in comparison to Lithium batteries); The other presos from this event also have some fascinating content e.g. in 2nd preso

in Australia we may think of mining companies and remote communities as typical buyers of VRFB or maybe the current energy providers adopting VRFBs into the grid infrastructure, where as the birch infrastructure preso gives an alternate target market of tech sector customers. His last statement of "scale production backed by investment-grade warranty" appears to me to be directly supported in part by SMS's TiVAN product and process guarantees; Bushveld energy talking about how VRFB could come down the cost curve; All very promising and very good. For TNG's local market, it begs the questions of how ANZ compares in this regard to mature energy markets and when will VRFB & Hydrogen become viable revenue generating markets here. And will TNG present in such forums for increased PR in parallel to investor conferences but only after permitting? After funding? After TPF becoming operational? I need to revisit SMS's wording around product and process guarantees. This industry is calling out for collective success to make VRFB more mainstream and yet here we have a SH on HC suggesting how TNG should be better marketing their story (maybe PB shares his bonus with me now?)

Back to reality of TNG today and I repeat - Vanadium is just 1 or 3 product lines from TiVAN. And TNG wants to go up value chain for VRFB and Hydrogen energy. The TNG business model as presented of late seems well supported by all of this. BUT this is all pie in sky talk until such point that TNG to moves to obtain permitting, provide revised reduced funding figures, secures finance and turns soil at Mt Peake.