When lithium-ion’s dominance of the energy storage market begins to wane, redox flow batteries are well positioned as a strong competitor, emerging technology market research and business intelligence group IDTechEx has said.
The Cambridge, UK-headquartered independent group has just published an updated 2020-2030 technical and market analysis of the energy storage technology class, including market forecasts, challenges that redox flow batteries face and opportunities that can be realised.
Experts and pundits have long contended that lithium-ion (Li-ion) will remain the main electrochemical medium of choice for stationary storage projects over the next five to 10 years but many other technologies are poised to either compete with or complement its role in the energy transition.
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.