Bushveld Minerals sets sights on SA power market
Bushveld Minerals, a vanadium company, expects a change in the cap on electricity generation outside Eskom to give its energy business a welcome boost. Bushveld, which is traded on London’s Alternative Investment Market (AIM), is also positioning itself to become a leading source of vanadium electrolytes, which are used to make long-life, long-duration batteries that can be used by power utilities and energy-intensive companies. Bushveld, which owns the Vametco vanadium mine near Brits, is also rolling out a mini-grid at the site, using a vanadium redox flow battery to store and then supply 1MW of the 12MW the operation needs. However, if energy minister Jeff Radebe’s highly anticipated release of the Integrated Resources Plan, which maps out SA’s energy mix, raises the cap on small-scale generation to 10MW from 1MW, then the size of the grid could be expanded, CEO Fortune Mojapelo said in an interview on Tuesday. Currently, any power generation project outside Eskom that is larger ...
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