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.