The grid storage market, page-3

Vanadium battery demand and ways to invest in its potential - Excerpts
by Lsigurd on January 30, 2018

“The Vanadium market has been in deficit for over five years.”​

“Because vanadium redox batteries are well-suited for large energy storage applications, they are well suited to helping solve the storage problem.”
”But vanadium redox flow batteries do use a lot of vanadium. A few numbers will go a long way to illustrating the opportunity:”
”First consider that the vanadium market is small; its only about 80,000 tpy.”
”From this article, it takes 15 tonnes of vanadium to build 1.6MWh of vanadium redox flow battery capacity. What this is saying is that if these batteries are implemented at scale, they are going to require A LOT of vanadium.”
”China is building a 800MWh vanadium redox battery project in Dalian. This project alone will use 7,500 tonnes of Vanadium. That in itself would give a big boost to global demand.”
”If Vanadium redox flow batteries catch on in scale, demand for vanadium is going to increase substantially.”

https://reminiscencesofastockblogger.com/2018/01/30/vanadium-battery-demand-and-ways-to-invest-in-its-potential/

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