Let us analyse your streams for potential recovery
of critical metals.
Let us analyse your streams for potential recovery
of critical metals.
Europe is on track to power 85% of its economy with renewable energy by 2050, driving a massive need for large-scale energy storage systems. The vanadium redox flow battery (VRFB) is emerging as a critical solution for the energy transition, offering over 20,000 cycles, exceptional safety, and easy recyclability. With VRFBs projected to meet at least 2.5% of energy storage demands, an estimated 170 GWh of capacity will need to be developed.
Vanadium consumption is set to double by 2031.
Primary producers of vanadium globally are China, Russia, South Africa and Brazil.
Metric Tons. Current market size, primarily produced as a byproduct of steel-making.
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