Vanadium flow batteries (VFBs) are promising for stationary large-scale energy storage due to their high safety, long cycle life, and high efficiency.
The cost of a VFB system mainly depends on the VFB stack, electrolyte, and control system. Developing a VFB stack from lab to industrial scale can take years of experiments due to complex factors, from key materials to battery architecture.
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.