Solar energy and wind power are replacing fossil fuels as sources of green energy. But an efficient method of storing that energy, for use when needed, remains a serious problem. Many believe the answer lies in large scale chemical flow batteries.
In June (2020) the UK Government loosened the planning rules on large scale energy storage units making the outlook for battery technology industry brighter. One battery design in particular stands out – the Vanadium redox flow battery (VRFB). Redox flow batteries have been touted as one answer to storing renewable energy, so it is surprising that progress with their development has been glacial.
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.