Canadian mining company VanadiumCorp announced this week that it has reached an agreement with a Dutch naval architect and a German shipowner on the development and testing of a novel energy storage system for shipboard use.
VanadiumCorp is the developer of a massive, high grade vanadium ore prospect at Lac Doré, Quebec. The element’s largest industrial use is in the production of vanadium alloy steels, commonly used for tool steel and other high-strength applications. But VanadiumCorp has another idea in mind: it sees the Lac Doré deposit as a supply source for industrial-scale deployment of the vanadium redox flow battery (VRFB) – a liquid electrolyte energy storage system with few existing commercial installations.
Ferro-Alloy Resources Limited (LON:FAR) is developing the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan. The ore at this deposit is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process.