Well, if I was one of those institutions who did their due diligence and participated in the placement @ $0.47 I'd be buying more. But I would first wait for the price to bottom and if the price goes above $0.047, before the spp closes on 16 June, I'd apply for more shares from the spp.
With coal fired power stations getting phased out, gas prices going through the roof and solar and wind being only capable of intermittent, volatile power generation - the grid will see greater need for battery solutions to make renewables more continuous and reliable.
There is considerable blue-sky potential for the Vanadium Redox Flow Battery (VRFB) battery market share to grow as VRFB batteries offer superior performance, safety, cost-effectiveness, lifespan and recyclability when compared to lithium-ion in industrial energy storage applications.
It has been said that larger-scale deployments over the next five years could result in redox batteries revolutionising modern electricity grids. It is one-third the cost of lithium-ion, is reusable and recyclable, has a longer lifespan of 25+ years, is non-flammable, and is extremely safe. There is even an opportunity to combine lithium with vanadium in electric car batteries for longer charges.
VRFB batteries are gaining steam in China. Vanadium demand from the redox battery industry in China alone is expected to hit >250% increase to a minimum of 9,100 t of vanadium pentoxide (V2O5) equivalent in 2022 - up from last year’s 3,640 t, on the back of energy storage projects that started production in the first half of the year. And this is just the start.
And the US does not like being left behind. Biden’s infrastructure bill earmarks roughly US$7bn of grants aimed at expanding US-based battery raw materials, research & development and supply chains - which has investors very excited about vanadium’s future prospects.
Solar-VRFB power generation/storage facility in Huzhou, Zhejiang province in China.
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