Q&A: It's Technology Metals' time to shine with vanadium demand set to double by 2032 - *
this is the linkHow important is it for governments around the world to support the progress of alternative energy technologies?
“It is important but I think we are seeing it with ARENA and several other government initiatives that are supporting the deployment of larger scale generation capacity, but it has only really been in the last 12 months or so that they’ve started to recognise that storage is key to that.
“Around the world it has been quite different, China has really been at the forefront of these batteries.
“The Chinese Government has been a massive support for rolling out these large batteries for several years now, probably for the last five or six years, so they recognise the benefit there.
“We’re certainly seeing it more and more with the Inflation Reduction Act in the US and there’s also some things happening – the EU Green Deal Industrial Plan announced recently to encourage industrial manufacturing capacity of key technologies such as batteries.
“As the technologies and needs develop, we will continue to see a lot more support in this space.”
