With about 650-million people in Africa currently with no access to electricity, Bushveld Minerals subsidiary Bushveld Energy CEO Mikhail Nikomarov believes the solution lies in area-specific solutions.
Mikhail explained in an interview with Mining Weekly Online that a solution needs to be an energy-intensive one, which he says can be found in adopting vanadium redox flow battery (VRFB) technology in renewable energy applications.
Bushveld Minerals Limited (LON:BMN) is an integrated vanadium producer supplying more than 3% of the global vanadium with plans to grow this to >5% in the short term. The Company’s flagship vanadium platform includes a 59.1% controlling interest in Bushveld Vametco Alloys (Pty) Ltd a primary vanadium mining and processing company which has one of the world’s largest high grade primary vanadium resources. In addition, Bushveld Minerals is focused on developing and promoting the role of vanadium in the growing global energy storage market through application in vanadium redox flow batteries.