Bushveld Minerals through its 84%-owned energy subsidiary, Bushveld Energy, has enabled the successful deployment of an innovative vanadium electrolyte rental product in industrial-scale batteries developed and sold by Avalon Battery Corporation in the United States.
Mikhail Nikomarov, CEO of Bushveld Energy comments:
“Renting electrolyte is only practical with vanadium because the metal does not degrade after its useful life, one more reason that vanadium is the preferred mineral for energy storage systems.
“We are pleased to partner with Avalon Battery for commercial deployment of a concept that has been in development for a while, but not successfully implemented.
“Now vanadium takes its place alongside gold, silver, and platinum, as a metal that can be leased, opening up immense future opportunities for this model.”