The global demand for renewable energy is growing at an unprecedented rate, and as a result, there is an increasing need for energy storage systems. It is projected that by the year 2050, the investment in these storage systems could reach trillions of dollars. One solution for long-duration energy storage is the vanadium flow battery (VFB). VFBs have the capability to store energy for extended periods, typically 10 hours or more, making them well-suited for storing energy generated from renewable sources such as solar and wind power.
VanadiumCorp supports the development of long-duration Vanadium Flow Batteries (VRB's), which will help decarbonize electrical grids by supplying the battery's most important element: vanadium electrolyte. The electrolyte is the most significant cost component of the entire VFB system and is critical to the overall expansion of the Long-Duration Energy Storage (LDES) market to support renewable energy.
VanadiumCorp supports the sustainability of the renewable energy market by contributing to long-duration storage systems in two key ways.
- Supplying Electrolyte: initial production has begun for high-purity vanadium electrolyte intended for use in renewable energy storage, and plans for a second industrial facility are in progress.
- Critical Minerals: by developing its vanadium-titanium-iron mineral Lac Dore resource to ensure a stable, long-term vanadium supply for electrolyte production pending a positive feasibility study and successful permitting and development.
VanadiumCorp is committed to supporting the global energy transition by prioritizing the battery energy supply chain with its vanadium electrolyte offerings.
Our goal is to promote economic growth and advocate for a more sustainable future.
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