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Bushveld Minerals

Bushveld Minerals: A large-scale battery storage contender

AIM-listed integrated primary vanadium producer Bushveld Minerals’ energy subsidiary, Bushveld Energy, who is currently proving the viability of its first utility-scale vanadium redox flow battery (VRFB), believes that VRFBs are a front-runner technology for meeting the growing demand in the energy storage sector in Africa.

While much of the hype around energy storage has been around lithium-ion batteries, which have a wide array of uses – for powering personal electronic devices to electric vehicles – there is a need for bigger batteries that are able to store much more energy.

The VRFB is emerging as a solution to the challenge faced by the renewable energy generation sector for storing energy – as the energy is not always generated at the same time as peak demand occurs.

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.