Vanadium flow batteries are gaining attention in the media, various industries, and even the general public for the many benefits over lithium-ion batteries.
Those benefits include longer life, very little degradation of performance over time, and a much wider operating temperature range. All of which significantly reduces the cost of ownership.
The vanadium flow battery (VFB) is a rechargeable electrochemical battery technology that stores energy in a unique way. In contrast to lithium-ion batteries which store energy using solid forms of lithium, flow batteries use a liquid electrolyte stored in tanks. In VFBs, this electrolyte is composed of vanadium dissolved in a stable, non-flammable, water-based solution. Vanadium is a non-toxic, widely-available metal that is typically used for making steel.
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.