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Bushveld Minerals

Better stationary battery storage needed to help EV revolution: Bushveld CEO

The much-hyped electric vehicle (EV) revolution can only succeed if utilities act appropriately in order to effectively manage the electricity grid, with battery storage a key component, CEO of Bushveld Minerals said this week.

Speaking to S&P Global Platts on the sidelines of the Mining Indaba conference in Cape Town, Bushveld CEO Fortune Mojapelo said that although the bulk of the current hype around EVs surrounds mobile energy storage, the potential for stationary energy storage was “huge.”

 

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. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.