RE: Insight into flow batteries19 Mar 2019 18:39
Mkx007, I don't think it's a 'global trend'. There are VRFB projects completed or in progress worldwide, see
http://vanitec.org/vanadium/Energy-Storage-News
VRFB technology is cost effective in the long term, as VRFBs have a 20 year lifespan and the electrolyte can be reused / recycled after. They can be used for grid support (e.g. peak shaving, system balancing), large and small scale off-grid installations. They are stable, safe and ideal for storing wind and solar power. The world is moving towards renewable energy and VRFBs are ideal for energy storage.
I'm not a Redt investor, but like them I believe in VRFBs, and hoped that Redt would do well.
GLA