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Ferro-Alloy Resources Limited

The first major long-duration storage procurement has arrived

California regulators said this year that the state will need 1 gigawatt of long-duration storage by 2026. But the technologies that can cost-effectively meet that need have so far attracted more attention from white-paper authors than paying customers.

That changed on Thursday, when a coalition of eight Californian community-choice aggregators, led by Silicon Valley Clean Energy (SVCE), published a request for offers seeking 500 megawatts of long-duration storage capacity. In doing so, they beat the state’s investor-owned utilities in making good on the California Public Utilities Commission’s call to invest in this resource.

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.