The notion that safer, longer-lasting vanadium redox flow batteries (VRFB) are better suited for large stationary storage than lithium-ion is well established.
Recently, the largest barrier to uptake has been cost.
Vanadium batteries are not viable at V2O5 prices over $US10/lb “in any form”, says David Gillam of consultancy Mastermines, but prices below this should spark the battery sector into action.
“Batteries have the ability to soak large volumes of V205 from the supply chain and will be critical for the future,” Gillam told Stockhead last week.
“With pricing at current levels, we believe that [battery] projects on hold will restart and assist the recovery.”
Jubilee Metals Group plc (LON:JLP) is a diversified metals recovery company, they secured surface platinum-bearing tailings to recover PGMs and chromite, lead, zinc and vanadium bearing tailings in Zambia and holds the mining right to a primary PGM project in the Eastern Bushveld complex.
