Vanitec discusses the safety of the vanadium redox flow battery and its application in renewable energy projects.
The global renewable energy market is anticipated to grow significantly to around $1.5 billion by 20251 as most countries commit to reducing their greenhouse gas emissions that significantly impact the environment, this is according to Allied Market Research’s Renewable Energy Market Outlook – 2025.
Renewable energy technologies convert energy from natural resources such as the sun or wind into usable forms of electricity that can be used at any time, regardless of changes in weather patterns. This indicates the growth potential for reliable energy storage solutions.
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.
