Tuesday, December 03, 2013
In July 2013, Sumitomo Electric Industries Ltd. (SMTOF: OTC), a subsidiary of Japan’s industrial powerhouse Sumitomo Corp. (SSUMF: OTC) , announced the sale of a special battery to Hokkaido Electric Power Company. The battery, rated at 60,000 kilowatts, is a vanadium redox flow battery. These batteries are unique in that the electrolyte is held in external tanks. Pumps supply the electrolyte to a ‘flow’ cell where electricity is charges and discharged. Sumitomo’s batteries are additionally unique by using vanadium for both electrode and cathode. The electric reaction is accomplished simply by changing the valence of vanadium ions.
Friday, November 29, 2013
Some who read the recent post on American Vanadium (AVCVF: OTC) saw too much risk in the low priced micro-cap stock. As exciting as the new industry of high capacity energy storage might be, the risk inherent in early stage companies is….well a ‘buzz killer.’ Limited financial resources, no operating track record and unproven products are just a few of the worries that can keep a shareholder awake at night.
Tuesday, November 26, 2013
Friday, November 22, 2013
In the last post we looked at a developmental stage mining company, American Vanadium (AVCVF: OTC), that has artfully integrated forward into its end markets through a marketing agreement with one of its customers. American Vanadium controls the largest vanadium source in the U.S. and plans to begin mining operations in the near future. One of its principal products will be vanadium electrolyte for use in large batteries like Gildemeister’s CellCube targeted at electric grid owners for power storage and demand management. Some investors might be surprised that we bother with American Vanadium. It has no revenue. Its stock barely trades and is priced below a dollar.