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The coming vanadium battery revolution

Vanadium: an important role in renewable energy

Flow batteries look set to play an important part in the development of the global renewables market, which itself is expected to reach a size of $1.5 trillion by 2025. According to a report from Markets and Markets, the flow battery market, valued at a mere $187 million in 2017, is projected to reach $946 million by 2023. This represents a CAGR of 32.7% between 2018 and 2023.

Vanadium battery technology looks to be critical in terms of the capital cost of energy storage, due to its high efficiency, superior energy density, and most importantly, lengthy lifespan. Energy companies are seeking infrastructure solutions like this that can help them to build a grid that operates cheaply and reliably, and where batteries using expensive vanadium can be counted on to last for years.

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. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.