I get the impression that a project at Mungari is not on a tight schedule. Several attempts have been done before to get something done without success, cost being the main reason.
The dramatic drop in the cost of solar technology now makes it a possibility.
VRB technology is dearer than Li ion technology at this time, that could change in the future.
The expected boom in ev transport may lead to a shortage of lithium which will drive up the cost Li ion batteries.
TIVAN technology being developed by TNG, is expected to halve the cost of producing VRB electrolyte. TNG is in the last stages of getting approvals to build a refinery to produce the electrolyte.
The longer life of VRB energy storage, plus the cost trajectory of both types of electrolytes moving in opposite directions, seems to be swinging in favour of VRB.
Given that CCE is only just in negotiations to lease the land at Mungari, there appears to be ample time to allow the VRB option to develop.
CCE Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
