Vanadium could have its ‘Elon Musk’ moment as it powers 25pc of ‘stationary’ batteries
Date: Sep 19, 2018
Elon Musk, boss of electric car maker Tesla. Pic: Getty
Vanadium could have its “Elon Musk moment” as it advances towards powering 25 per cent of stationary battery storage by 2028.
That’s the view of Benchmark Minerals Intelligence boss Simon Moores, who spoke at the battery metals research firm’s conference in Perth on Monday.
Stationary storage systems are big batteries often designed to store excess power from the power grid — including from renewable sources — for use during expensive peak demand periods.
While the EV space is firmly dominated by lithium-ion, stationary storage is more diverse.
By 2028 Benchmark predicts 50 per cent of the burgeoning stationary storage market will be lithium-ion, and 25 per cent vanadium flow batteries — also known as vanadium redox flow batteries (or VRFBs).
