Munich-based residential vanadium redox flow battery start-up VoltStorage has secured another $7 million from investors including the Bayern Kapital subsidiary of the development bank of Bavaria; family investment house Korys; the EU-backed EIT Innoenergy, New Jersey-based venture capital fund and seed investor SOSV and Zurich power company Energie 360.
The firm claims its flow battery system can complete more than 10,000 charge cycles without any effect on capacity and says its electrolyte is a recyclable, non-flammable vanadium solution. VoltStorage’s modular unit reportedly offers a continuous power rating of 1.5 kW and nominal energy of 6.2 kWh. The unit comes with a ten-year warranty.
Ferro-Alloy Resources Limited (LON:FAR) is developing the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan. The ore at this deposit is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process.
