American Vanadium, which is listed on the Toronto Stock Exchange, currently sells "CellCube" vanadium flow batteries made by German technology firm DMG Mori Seki.
"The long-duration flow battery market is expected to be worth $5 billion in 2020. The CellCube is expected to be a major global player, capturing at least 20 percent of the market by then," Bill Radvak, the company's president and chief executive, said in an interview.
The electrolytes for flow batteries sell at around $25 a pound weight equivalent, compared to just $6.50 a pound for vanadium pentoxide for the steel-strengthening market, Radvak said.
"We are able to increase our margins several-fold by going into the electrolyte business," he added.
Smart for PB to leave the door open, especially since american Vanadium won't be in production until 2017. Giddy up TNG!
Have a good weekend all.
Commy
TNG Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
