Excerpt from a competitor's call re flow batteries addressing Li-Ion safety concerns16 May 2022 16:38
[...] And then I think the third thing that comes up is safety and sustainability, which have been on the table from the very beginning, are now getting a lot more attention as we increasingly have two things, one fires that have happened with large scale lithium batteries out in the field. And the second is an increasing drive towards total carbon and total kind of environmental impact of solutions. We get a lot more inquiry now of people who are worried about those safety implications or kind of end-of-life disposal problems than we did even six months ago.
CK:
That's helpful. Eric. Actually, I was going to ask about because, I think, just in the last week, there has been more evidence of safety issues with, I think, a large scale fire, I think, in Korea with an installed lithium system. So it's going to ask if the anticipated benefit from the reinsurance – how should I put it, paradigm that you have, if that's actually translating into a competitive advantage as you as you engage with customers? Thanks.
ED:
Yes, so I think that's right. There was a fire announced in Korea, there was also one in Arizona a couple of weeks ago. So it is a regular part of the news now and people are paying more and more attention to it. So yes, the short answer is, I think, the safety benefits and the durability benefits of our solution are getting more attention than they did before. It really, like a lot of things in a new emerging market comes down to education, that these things build momentum as people understand them on an increasing and deeper level."
As this applies to all flow batteries, I would expect the V-team players to profit from the hightened awareness regarding Li fire hazards. Also, lithium supply is very tight and should dominantly be directed towards EV and handheld products rather than stationary applications which also should help flow batteries gain market share going forward.
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