Australian Rare Earths

Australian Alternative Energy Forum


Not Really a Forum, more of my memory aid.


Comments on this forum should never be taken as investment advice.


Go Back   Alternative Energy Forums > Alternative Energy Discussion > Mass Storage for Green Energy

Reply
 
Thread Tools Display Modes
  #1  
Old 01-26-2012, 04:08 AM
Sparty Sparty is offline
Administrator
 
Join Date: Mar 2009
Posts: 1,765
Default Vanadium set for key energy storage role - American Vanadium Executive Chairman

Vanadium set for key energy storage role - American vanadium Executive Chairman Ronald MacDonald
http://www.miningweekly.com/article/...ium-2012-01-25


Snippets:
China has started a new industry and it's in energy storage, and vanadium flow batteries are going to play a major role in providing that storage, MacDonald forecasts.


China's "soft target"is for 10% of all its power to be held in storage facilities in the next eight years.


We knew the numbers were high, but what we didn't realise is that they're not just talking storage for renewable energy, but for all the power that will be produced by 2020.


This is an enormous move forward considering that globally right now you probably only have about 1 000 MW of storage capacity. You?re talking here about an exponential number, MacDonald says.


The other interesting aspect is the level of investment that will be required to reach the target.


The global investment in a variety of storage solutions is expected to be a trillion dollars in the next seven years.


Vanadium occurs in multiple states in the vanadium flow battery, making it more like a capacitor or fuel cell.


The market for vanadium in steel is also poised to increase, as China's changed building code requires the use of vanadium-containing rebar.


The chart below shows Australian companies with JORC resources of more than 1,000,000 tons of Vanadium Oxide (V2O5):


Vanadium Resource - V2O5 (t)




U.S. Geological Survey, Mineral Commodity Summaries, January 2010
estimates the world's vandium resources to exceed 63 million tons or 224.9 million tons of V2O5.
Note: One tonne of V
metal = 3.57 tonne of V2O5 / 1.016 FeV (80%V)


About Australian Vanadium - resources, stocks etc

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT. The time now is 10:20 AM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.