Bushveld Announces Strategy To Work With Vanadium Battery Manufacturers

AIM-listed Bushveld Minerals intends to establish a vanadium redox flow battery (VRFB) investment platform to lead investments for original-equipment manufacturers (OEMs) with upside potential.

The company and its initial investment will play a catalytic role and mobilize additional capital from third-party funders to establish an investment capital pool to support VRFB OEM growth.

Additionally, the partnerships with VRFB OEMs through the platform are expected to help promote joint development of region- or project-specific business models for vanadium electrolyte rental, and joint development of large potential customers of projects well-suited for VRFBs.