Exploration partners for vanadium mineral to recharge looming shortage
Vanadium is another material in lithium-based batteries that is also highly demanded. Its addition is known to promote better energy storage and is termed as “supercharged” batteries. In an Audi A2 electric car developed by DBM Energy and German utility Lekker Energie that is running on a lithium-vanadium battery, a distance of 600 kilometers was […]
Cobalt’s price continues to soar through 2022 and beyond
Cobalt is expected to follow its upward trajectory through 2022 and beyond, according to the chief executive officer of diversified mining company Eurasian Resources Group (ERG). With about 119% increase in the price of cobalt observed in the past year, no discernable signs of easing in the trend. The continuous increase in its price from […]
Vanadium set for “disruptive” demand growth as battery energy storage boom gains momentum: Vanitec
Originally posted on Vanitec by Dr Yu Li According to an independent analysis by market intelligence and advisory firm, Guidehouse Insights, global annual deployments of vanadium redox flow batteries (VRFBs) are expected to reach approximately 32.8 GWh per annum by 2031. This represents a compound annual growth rate (CAGR) of 41% over the forecasted period. […]
Redox Flow Batteries Intensifies the Need for Vanadium
The demand for efficient energy storage through “green” batteries and microgrids is steadily increasing throughout the years as solutions for intermittent renewable energy are continuously sought. Redox flow batteries, or RFBs, are seen to be ideal in large-scale storage of solar and wind energy for use around the clock. With this, the said technological discovery […]
Rising flow battery demand ‘will drive global vanadium production to double by 2031’
Originally posted on Energy Storage News by Andy Colthorpe Cell stacks at a large-scale VRFB demonstration plant in Hubei, China. Image: VRB Energy. The vanadium redox flow battery (VRFB) industry is poised for significant growth in the coming years, equal to nearly 33GWh a year of deployments by 2030, according to new forecasting. Vanadium industry […]
EV industry moving in right direction to close gap with internal combustion engines – report
Valentina Ruiz Leotaud Electric cars on parade. (Image by Dept of Energy Solar Decathlon, Flickr). Although there is still a way to go for electric vehicles to close the performance, safety, and cost gap with internal combustion engines, a recent report by IDTechEx says some specific moves by the EV industry are steps in the right direction. […]
David Rosenberg: Junior mining and exploration boom needed to push EVs over the top
The transition to electric vehicles will require huge investments into mining for the key resources that go into batteries David Rosenberg Petro Canada’s electric vehicle charging station is shown on display at the Canadian International Auto Show in Toronto. PHOTO BY THE CANADIAN PRESS/CHRISTOPHER KATSAROV FILES By David Rosenberg and Ellen Cooper Electric vehicles are […]
The raw-materials challenge: How the metals and mining sector will be at the core of enabling the energy transition
As the world gears up for net zero, demand for raw materials is set to soar. The energy transition presents unique challenges for metals and mining companies, which will need to innovate and rebuild their growth agenda. The transition to a net-zero economy will be metal-intensive. As the move toward cleaner technologies progresses, the metals and […]
Rushing headlong into electrification, the West is replacing one energy master with another
Rick Mills – Ahead of the Herd The United States and its allies, such as Canada, the UK, the European Union, Australia, Japan and South Korea, face a dilemma when it comes to the global electrification of the transportation system and the switch from fossil fuels to cleaner forms of energy. On the one hand, […]