The efforts to lift our power generation and electrical grid into the 21st century is a multipronged effort. It needs a new generation mix of low-carbon sources that include hydro, renewables and nuclear, ways to capture carbon that don’t cost a zillion dollars, and ways to make the grid smart.
But battery and storage technologies have had a hard time keeping up. And they are critical for any success in a carbon-constrained world that uses intermittent sources like solar and wind, or that worries about resilience in the face of natural disasters and malicious attempts at sabotage.
The latest technology to emerge is the vanadium redox battery, also known as the vanadium-flow battery. V-flow batteries are fully containerized, nonflammable, compact, reusable over semi-infinite cycles, discharge 100% of the stored energy and do not degrade for more than 20 years. The Earth’s crust has much more vanadium than lithium, and we produce twice as much V as Li each year.
Bushveld Minerals Limited (LON:BMN), together with its subsidiaries, engages in the exploration and development of mineral projects in South Africa. It operates through three segments: Vanadium and Iron Ore, Coal Exploration, and Vanadium Mining and Production.
