The Most Beautiful Metal

Richard (Rick) Mills
aheadoftheherd.com

Page 3 of 3

 

Introducing hydrochloric acid into the electrolyte solution almost doubles the storage capacity and enables the system to work over a far greater range of temperatures, from -40°C to +50°C.

 

Presently, the largest installed V-flow battery in the U.S. is in Washington State at the Snohomish County Public Utility District’s Everett Substation. This vanadium battery can keep the lights on in 1,000 homes for eight hours.

 

V-flow batteries offer the best deployable large battery storage technology developed so far.

 

Vanadium has also begun to play a role in applications for electric and hybrid vehicles. Vanadium acts as a supercharger to batteries by increasing the energy density and voltage of the battery. This is important for electric and hybrid vehicle performance since energy density equates to distance/range, while voltage equates to torque.

 

Demand Outlook

 

“VRFBs have emerged as a promising solution for grid services because of their long lifecycle potential and high energy capacity, which can provide extended discharge times. Additionally, given the ability to scale power and energy of a system independently, VRFB technology may be a long-term solution for off-grid power systems and micro-grids. In particular, these systems could be used to support residential, community, military, and commercial end-users, and to fulfill remote-energy-access needs of rural areas in developing countries.

 

Approximately 90% of today’s vanadium consumption occurs in the steel industry. About 10% is used for non-ferrous alloys (titanium alloys, super alloys, magnetic alloys) and chemical applications (catalysts, dyes, phosphors). VRFB energy storage applications, in which V2O5 quality requirements are usually more rigorous, accounted for about 1 kt V demand in 2014, compared to global production of 94.3 kt V that year.

 

Estimates on vanadium requirements for VRFB vary among producers, with an average of approximately 8 Kg of high purity V2O5 per KWh. Currently, there are few vanadium producers able to produce high purity V2O5 and products show significant differences in purity and trace element levels…

 

Considering the potential size of the grid energy storage market, even a slight increase in VRFB demand would mean significant growth in V2O5 consumption for this end-user product. For example, it is estimated that the vanadium consumption in the battery energy storage industry could rise 3100% by 2025, to 31 kt V.

 

Currently, 55% of global V2O5 production occurs in China, followed by 17% in South Africa, 8% in Russia, and 4% each in the USA and Austria.” Canadian Nation Research Council (CNRC) report

 

There is no primary vanadium production in Canada or the U.S.

 

Conclusion

 

Currently traditional clean, green, renewable energy sources are unreliable sources of electricity production. Vanadium’s unique properties make it ideal for a new type of batteries that will revolutionize our energy storage systems.

 

The Vanadium Flow Battery (VFB), given its unlimited storage capacity, long battery life, low maintenance requirements, adaptability and almost non-existent environmental footprint is today’s answer to efficiently storing and accessing energy. The stored electricity will reduce our reliance on fossil fuels cutting pollution and CO2 emissions.

 

Vanadium, and the fact VFB’s are the basis for a more efficient, reliable, and cleaner electrical energy market, needs to be on your radar screen.

 

Richard (Rick) Mills

aheadoftheherd.com

 

Richard lives with his family on a 160 acre ranch in northern British Columbia. He invests in the resource and biotechnology/pharmaceutical sectors and is the owner of aheadoftheherd.com.

 

***

 

Legal Notice / Disclaimer

 

This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.

 

Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified.

 

Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice.

 

Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.

 

Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.


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