Assessing Market Drivers for Vanadium Redox Flow Batteries

A little about me…

• Co-Founder and CEO of Bushveld Energy, an energy storage solutions company, part of AIM-listed Bushveld Minerals, an integrated vanadium company
• Chair the Energy Storage Committee of Vanitec, the global organisation of vanadium producers
• Founder and founding member of the South African Energy Storage Association
• Previously a consultant in Russia and across Africa, focusing on power sector (strategy and plant operations) and economic development; commercial banker in the USA

Objectives of presentation

• Review the supply and demand landscape for vanadium;
• Cover the balance of vanadium exports and imports in China, South Africa and Brazil;
• Analyse capital, operation and longterm costs of Li-ion vs VRFB technologies;
• Discuss when vanadium batteries are a more efficient choice over lithium, including costs;
• Illustrate how Bushveld is taking advantage of vanadium opportunities

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