VoltStorage specializes in energy storage, making renewable energy available day and night. For commercial enterprises, businesses and agriculture, the technology used – Vanadium Redox Flow – is particularly suitable. It stands out from other storage technologies due to its durability, safety, and environmental friendliness, making it the answer to todays and future energy requirements, especially in the industrial environment.
Renewable energies constitute an increasingly significant portion of today´s global electricity mix. In the first half of 2023 alone, their share of gross electricity consumption in Germany reached 52 percent. According to the EEG (Renewable Energy Sources Act), this share should be increased to reach at least 80 percent by 2030. As renewable energies continue to expand, the demand for generating and storing energy through wind, solar, or biogas plants is also rising in commercial and industrial settings. Businesses enhance their self-consumption, increase energy autonomy and make the use of renewable energies reliable and plannable. Accordingly, RWTH Aachen University recorded a 47 percent increase in commercial storage systems in Germany between January and November 2023.
Ferro-Alloy Resources Ltd (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.
