Vanadium redux: WA project leads VFB charge
Investing News Network
AVL CEO, Graham Arvidson, discusses the unique opportunity Australia has to build a world-class vanadium battery storage and circular value chain on the back of a 50-year resource;
- The long-term demand for vanadium and price links to steel are transcended by the metal’s use in long-duration energy storage linked to renewable power and a multitude of industrial and societal use cases
- Shaw and Partners says battery energy system storage is the fastest growing battery demand market in the US as that market matures and duration increases;
- Vanadium’s use in batteries has grown from 1% of the market two years ago to more than 10% now;