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Bushveld Minerals

Vanadium batteries the solution to meet growing energy storage demand – Bushveld

Vanadium redox flow batteries (VRFBs) are a front-runner technology for meeting the growing demand in the energy storage sector, says Bushveld Energy CEO Mikhail Nikomarov.

During a webinar on energy storage this week, he noted that data by US-based multiservice professional firm Navigant shows that VRFB demand is expected to increase to over 18 000 MWh by 2027.

 

Bushveld Energy Limited (LON:BMN)  is an energy storage developer and component manufacturer focusing on the African market, with registered offices in Mauritius and a wholly owned subsidiary in South Africa. Bushveld Energy recognises that electricity in Africa intersects paramount potential for social transformation with an immense commercial opportunity.

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