Vanadium redox flow batteries (VRFBs) are emerging as a promising solution for large-scale energy storage, offering numerous advantages over traditional lithium-ion batteries. As the world continues to shift towards renewable energy sources, the need for efficient and reliable energy storage systems has become increasingly important. Solar and wind power generation can be intermittent, and without effective storage solutions, excess energy generated during peak times can go to waste. VRFBs have the potential to address this issue, providing a stable and scalable means of storing energy for use when it is most needed.
One of the key advantages of VRFBs is their ability to store large amounts of energy for extended periods of time. Unlike lithium-ion batteries, which have a limited energy storage capacity and can degrade over time, VRFBs can store energy in liquid electrolyte solutions, allowing for a theoretically unlimited capacity. This makes them particularly well-suited for large-scale applications, such as grid-scale energy storage or backup power for industrial facilities.
Ferro-Alloy Resources Ltd (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.