The transition to clean energy is a significant topic today. The United States has set a goal to reach 100 percent carbon pollution-free electricity by 2035, and many individual states, such as California, have even more ambitious energy storage targets. Municipalities, utilities and corporations have also made commitments to net-zero carbon emissions. It is projected that by 2050, almost 50 percent of total power generation will come from renewable energy sources. While wind and solar are the fastest-growing renewable energy sources, they contributed less than five percent of the total energy used in the U.S in 2020.
While renewable energy is critical to help lower the world’s carbon footprint and move towards zero greenhouse gas emissions, harvesting this intermittent green energy isn’t enough. A successful transition to clean energy requires safe, cost-effective, and reliable energy storage systems. Such storage systems will also be necessary to improve the efficiency of the electrical distribution grid by reducing power surges and balancing the load over time.
Ferro-Alloy Resources Limited (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.
