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From fastmarketsMore vanadium used in energy storage in...

  1. Melen100
    1,189 Posts.
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    02/03/24
    09:49
    Post #: 72708663
    From fastmarkets

    More vanadium used in energy storage in 2024

    Energy transition will influence the upstream raw materials market in other ways too. The amount of vanadium pentoxide used in crude steel production is decreasing, while more vanadium will be used in green energy in 2024, including vanadium batteries. Vanadium batteries currently have less than 1% of the energy storage market share, sources said.

    According to sources, vanadium batteries will likely experience a booming development period in 2025, with global vanadium energy storage consuming an estimated 45,000 tonnes of vanadium pentoxide.


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    lightbulb Created with Sketch.  Great analysis
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