4 main reasons to look at investing opportunities in Vanadium now:
The use of vanadium in renewable energy storage solutions, such as Vanadium Redox Flow Batteries (VRFB), is an efficient and cost-effective alternative to existing lithium-ion (Li-ion)-based batteries.
A redox flow battery (RFB) is an electrochemical energy storage device that converts chemical energy into electrical energy.
An RFB differs from other conventional rechargeable batteries in that the energy storage occurs in a liquid media and the charging and discharging processes can occur within a single cell.
The VRFB is a type of RFB that uses vanadium ions as the charge carriers and has two separate tanks in which one tank contains the positive electrolyte and the second tank contains the negative electrolyte.
Advantages over Lithium-ion batteries include:
– Significantly longer cycle lifetimes and performance result in a lower overall energy storage cost
– Scalability: Can be scaled for small to large energy storage projects
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.