The prevailing lithium-ion battery is not suited for the longer-duration energy storage needed to back up renewable energy. Flow batteries could be the perfect complement.
As a stifling heatwave spreads across Europe, solar panels all over the continent are busily transforming the scorching sunshine into electricity – particularly to meet the soaring demand for air conditioning. In fact, solar power met almost a quarter of all energy demand in five of Europe’s biggest power markets on 15 June, but it is times like these that also make power companies yearn for more utility-scale energy storage to bottle up all the extra renewable energy that could not be used at the time of generation, ready to be unleashed on gloomier days.
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.
