World’s largest battery is being built in Vanadium

Date: Jan 04, 2018

U.S. energy storage increases 46% In 3rd quarter. Hawaii, California, Massachusetts aim to be powered by 100% renewable energy by 2045. Global storage market to double six times by 2030 to a total of 305 GWh. China reportedly started construction of world’s biggest 800 MWh battery (equivalent of 16,000 Tesla model 3 batteries), and it’s made in vanadium

Lithium batteries’ parasitic load factor and scalability may hamper future growth. Vanadium batteries could start dominating the utility energy storage sector in 2018 due to their proven reliability and longer battery life.

With fierce competition amongst vanadium battery makers without clear winner, investing in vanadium mining company may be best way to participate in the rise of vanadium usage in batteries.

The considerable upside of vanadium mining company valuation can be seen when compared with uranium mining company valuation.

U.S. energy storage increases 46% in 3rd Quarter. Hawaii, California, Massachusetts aim to be powered by 100% renewable energy by 2045.

The article “U.S. Energy Storage Increases 46% in 3rd Quarter,” by Joshua Hill, published on Dec. 7, 2017, revealed latest US Energy Storage Monitor report by GreenTechMedia (“GTM”) Research showed a total of 41.8 MW (megawatts) worth of new energy storage capacity was deployed in the third quarter of 2017, representing an increase of 46% year-over-year and 10% quarter-over-quarter.

Texas led the way in the utility-scale segment with its 30 MW project, followed by Massachusetts, California, and Hawaii. GTM Research also highlighted the increasing role that energy storage is having in utilities’ Integrated Resource Planning (IRP), with utilities across 14 states including nearly 2 GW (gigawatts) worth of storage into their IRP thinking.

Article “California To Meet 2030 Renewable Energy Targets By 2020” by Joshua Hill dated November 21, 2017 indicates California state’s major utilities have already met and should soon exceed the state’s 2020 renewable energy target of 33% and will likely meet the 2030 target of 50% by 2020.

California’s investor-owned utilities have already surpassed their interim targets and, according to the CPUC, “have sufficient resources under development to exceed the 33% by 2020 RPS requirement.”

Pacific Gas and Electric Company: 32.9%

Southern California Edison: 28.2%

San Diego Gas & Electric: 43.2%

According to the Forbes article “California Goes All In — 100% Renewable Energy by 2045” by Trevor Nace (August, 2017), an ambitious plan set forth by Senate President Kevin de León (D) would set in place a goal of producing within California’s electricity grid 60% renewable energy by 2030 and 100% renewable energy by 2045.

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