Things are heating up for battery storage industry. Interestingly, there is a race now to decrease the cost of vanadium electrolyte. Imergy, an American company has developed a patented method of using low grade recycled vanadium. Australian Vanadium's strategy to use it's own vanadium is another way of reducing cost. So the battery sellers who have their own Vanadium quarries will have distinctive cost advantage over their competitors.
Energy storage included in major Indian PV tender
AVL Vandium Waking up after Bottoming., page-213
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