The redox flow battery market is growing. After more than 40 years of research, and 20 years of testing and demonstration projects, the flow batteries are now technologically ready to compete on the energy storage market. With a forecasted CAGR of 30% in the next years, this technology is looking to have all the characteristics to address each segment of the energy storage market, from residential to grid-scale application.
In fact, the high safety level and the ease to recycle each component of a flow battery, make this technology very promising in large scale applications, and in a futuristic circular economy.
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.