The global renewable energy market is anticipated to grow significantly to around $1.5 billion by 2025 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.
As part of Vanitec’s Energy Storage Committee (ESC) strategic objectives, the ESC is committed to the development and understanding of fire-safety issues related to the Vanadium Redox Flow Battery (VRFB), with emphasis on the solutions the VRFB can provide to the energy storage industry to mitigate fire-risk.
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.