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Therookie88

2,685 Posts.

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22/01/24

17:08

Post #: 72005710
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Originally posted by P0ckets: ↑

Just tacking on to the battery thread

H2 Inc in South Korea are the only company I've found that have committed to building a VRB facility at GWh scale. Compared to 240+ lithium based giga factories (Google). More would be very helpful to de-risk projects and gain a foothold into big grid storage. AVL have previously suggested multiple electrolyte plants, assumingly due to the cost of transportation. May need to upscale significantly once familiar with the setup in order to take advantage of economies of scale and to be able to tender for much larger than the 50MW they're currently limiting themselves to.

https://m.etnews.com/20231121000249

Also worth perusing is this Reddit post about concerning cost comparisons between the technologies. The source is in the comments, and its important to remember that the graph is logarithmic, not linear. Suggests a strong future for VRBs, provided the industry can be developed against the incumbents.

https://www.reddit.com/r/dataisbeautiful/comments/17r9q6s/oc_most_costcompetitive_technologies_for_energy/

Cheers

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25 giga factories would consume the entire vanadium supply available today and leave zero for the steel market which is 90 percent of demand.

don't need to have lithium type comparisons it's a much bigger market, 2 to 3 VRB giga factory's swings the needle in the vanadium supply/demand dynamic massively . it Will happen sooner rather than later but imo it's a bit of the chicken before the egg type scenario. no one wants to commit to building a GWH scale production facility if there's not GWH scale electrolyte facility's to supply the batteries and vice versa.

patience required.

AVL Price at posting: 1.9¢ Sentiment: None Disclosure: Held
9 Upvote

1 Great analysis

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