Bushveld Energy, IDC studies indicate favourable vanadium battery, electrolyte demand

There is favourable demand for vanadium redox flow batteries (VRFBs), particularly in the utility and offgrid, as well as minigrid markets, with demand to peak in 2025 to 2030. This is according to recently concluded market studies, commissioned by Aim-listed Bushveld Minerals’ energy subsidiary Bushveld Energy, in conjunction with the Industrial Development Corporation (IDC), in the second half of 2016, to assess African VRFB demand and opportunities and global vanadium electrolyte demand and requirements.