At the beginning of the year, the California Energy Commission announced that it would be setting aside $20 million to be used to finance research projects for long-duration energy storage. The aim was to establish a clear understanding of the part long-duration energy storage could play in meeting the mandates to decarbonize the state’s electricity sector in 20 years. The solicitation didn’t include lithium-ion batteries.
The commission chose a quartet of energy storage projects from Invinity Energy Systems Plc, which is based in the United Kingdom and North America. The projects had integrated vanadium flow batteries. All the sites chosen are industrial or commercial facilities that can operate off-grid and would like to self-generate power.
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.
