RE: VRFB Contracts18 Jul 2021 17:07
'Invinity’s Vanadium Flow Batteries are a form of heavy duty, non-degrading, stationary energy storage which are deployed in high-utilization, industrial applications such as grid balancing, renewable ‘firming’ and electric vehicle integration. VFBs will complement California’s significant wind and solar generation by storing power for eight to ten hours, over the 20- to 30-year life of those generating assets.
Vanadium flow batteries will play a crucial role in supporting the global energy transition, with the market for this technology expected to exceed $4.25 billion by 2028. Excelling at heavy-duty, stationary, high-throughput applications, they are ideal for storing and dispatching energy on demand from industrial scale solar generation, delivering more flexible, more valuable low-carbon energy projects.'
Even a small percentage win here for VRFB's in market worth over $4b will have significant impact on the demand for Vanadium. Just remind me who owns 2 of the world’s 4 operating primary vanadium processing facilities?