these people dismiss your positionVanadiumset for “disruptive”...

these people dismiss your position

Vanadiumset for “disruptive” growth as battery energy storage gains momentum(miningreview.com)

The use of vanadium in the battery energy storage sector isexpected to experience disruptive growth this decade on the back ofunprecedented vanadium redox flow battery (VRFB) deployments.

Accordingto an independent analysis by market intelligence and advisory firm, GuidehouseInsights, global annual deployments of vanadium redox flow batteries (VRFBs)are expected to reach approximately 32.8 GWh per annum by 2031. This representsa compound annual growth rate (CAGR) of 41% over the forecasted period.

The VRFB deployment forecast by Guidehouse Insights would equateto between 127,500 and 173,800 tons of new vanadium demand per year by 2031,according to Vanitec calculations based off Guidehouse’s projection. That wouldbe more than twice as much vanadium as is currently produced annually.

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In a report on the metals required for clean energycommissioned by Eurometaux – Europe’s metals association – VRFBs wereidentified as one of the alternative energy storage technologies that may growin importance and might reach penetration rates of 20% of the market.