Intermittent energy sources such as solar and wind power are an increasingly viable option for small and large-scale power applications thanks to improvements in energy storage. Lithium-ion batteries are currently the most popular power source for electromechanical energy storage applications, but these have relatively short lifespans and aren’t easily recycled.
Redox flow batteries (RFBs), on the other hand, provide an attractive and cost-effective alternative to these limitations. A type of rechargeable flow battery, RFBs employ a process of reduction and oxidation – involving the transfer of electrons – which stores excess energy for later use. All-vanadium RFBs (VRFBs) are the most commercially available and researched of the flow battery systems. They have long life cycles of 10 to 20 years, can be reused up to 10,000 times and discharge 100% of stored energy without damaging the cells’ overall performance.
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.