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Does Australia need new vanadium projects?

Australia needs new vanadium projects to make renewables a reality. “Australia has one of the largest resources of vanadium in the world, and we produce none, so not only are we securing Australia and potentially the western world’s supply chain, but we are actually creating a new industry from scratch,” Mr Price said.

Can vanadium be used in Australia?

“Those regional areas in Australia can be powered up with the batteries and we can create an industry for vanadium to meet the domestic market as well and start supplying the rest of the world.”

What is growing demand for a vanadium flow battery?

“What’s growing demand is the adoption of the vanadium flow battery,” he said. “In Asia — China in particular — Northern Europe and North America, the adoption of that battery is growing very quickly. “For every gigawatt hour of battery storage, you need 10,000t of vanadium pentoxide.

Are vanadium flow batteries a viable storage solution?

Vanadium is vying to become another favourite among the likes of minerals like lithium. Vanadium flow batteries (VFBs), originally invented in Australia in the 1980s, have popped into the picture as another viable storage solution as these batteries are potentially safer, cheaper and longer lasting than their lithium counterparts.

Is HBIS a green manufacturer of high-purity vanadium?

HBIS has independently developed a new technology for the green manufacturing of high-purity vanadium, which includes "calcification impurity removal, ammonium purification, acidification refining". In 2019, we completed the first international green and clean production line for high-purity vanadium materials.

How long does a vanadium battery last?

“The vanadium electrolyte in the battery has an infinite life and it never degrades. “This means you have a battery system with a 30-year warranted life. After 30 years, the vanadium electrolyte can be pumped and transferred into a new set of equipment to run for another 30 years.