While several industry players are jostling to take advantage of the budding North American vanadium-redox flow battery (VRB) market, barriers to entry such as raw material cost and equipment availability are still issues, making input costs prohibitive.
“The industry is still looking for a champion. If battery producers can commercialise economic VRB production, there’s no reason this technology couldn’t become a major segment of the utility battery market in the longer-term,” Benchmark Mineral Intelligence consultant Andrew Miller explained to Mining Weekly Online.
