Indian Institute of Technology (IIT) Madras researchers have made significant advances in developing alternatives to conventional lithium-ion and lead-acid batteries for industrial usage. Such advances are crucial as India is aiming to achieve 40% of its electricity generation from non-fossil fuel sources such as solar and wind by 2030. IIT Madras researchers have filed two patents and presented this in numerous conferences, besides publishing research papers in reputed peer-reviewed journals.
Research into vanadium redox flow battery stack development opens up possibilities for indigenous fabrication of flow battery stacks by MSME units for domestic and grid-level energy storage applications
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.