Energy storage has the potential to fundamentally transform the way we produce and use electricity, just as the refrigerator was a game-changer for food. However, the private sector is not making the needed investments in electricity storage research, development, and demonstration (RD&D) to achieve this transformation. Specific, strategic efforts are needed by the federal government to advance the technology and increase national energy security.
Advanced energy storage will play a key role in the modernization of our nation’s electricity grid. Energy storage enables the integration of renewables, improves the grid’s operating capabilities, enhances reliability, and provides backup power during emergencies.
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.