RE: Batteries1 Jun 2023 16:07
This was posted on linkdin recently too by MH.
'It is understood that large-scale vanadium battery energy storage projects under construction in China in 2023 mainly include 1GWH of China National Nuclear Corporation Huneng, 1GWH of China Energy Conservation Xinjiang, 500MWH of Hubei Xiangyang of State Power Investment Corporation, and 400MWH of Hunan Jishou Phase I project, etc., totalling more than 2.5GWH. According to the forecast of professional institutions, the installed capacity of vanadium batteries is expected to reach 8.6 to 12.9 GWh in 2025, requiring more than 100,000 tons of vanadium resources.'
That's a lot of vanadium if correct and we are talking 18 months time!?
GLA