The subject on everyone's lips at the moment is energy stability due to the SA saga and now gas supply to the eastern states
Some of this energy instability is due to the move from fossil fuels to clean energy; but this is not a new discussion as California has been grappling with this issue for over a decade and implementing some solutions
So why is RFX not discussing their future on large scale grid storage solutions
Their current productivity should not be an issue; easily resolved as follows:
Flow battery storage is new technology and everyone in the power business knows that; so as in any fledgling industries contracts are assembled in phases
Phase 1. Install a pilot battery storage bank based around key performance indicators; in this case technical performance based over a determined time frame
Phase 2 Assuming all performance hurdles in phase 1 are met; Install or extend battery bank based on current full production capacity of RFX; in this case new key performance indicators are added being based around production capacity delivery and quality control.
Phase 3 Providing Phase 1 & 2 are achieved; The full scale contract is signed with a Period to Finance clause; This allows RFX to obtain finance or establish a JV to enable a rapid production capacity scale up
I do not recall RFX making any announcements regarding large scale grid storage; however if they want to enter the race they had better start
Companies in the vanadium flow battery space have entered the race by entering into JVs with engineering companies and are actively seeking potential projects CCE TNG AVL
If RFX want to be at the finish line with zinc bromide flow batteries in the grid storage space then they need to think big and act; the race starter has already fired his starter pistol!
RFX if they do not currently have a person on board solely focused on the development into this market, then they should do so forthwith; the other quick route would be to find a well funded engineering company with power distribution experience to JV with.
The next ten years in grid power storage will determine the winners from the losers
What will become of RFX?
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