News & Updates
The growth of the VRFB market
The vanadium market is projected to grow at a compound annual growth rate (CAGR) of 3.2%, reaching a market value of approximately $4Bn. This is backed by major growth in the VRFB market as emerging technologies for a better renewable energy storage for wind or solar power.
Vanadium as a critical mineral
With the continuous increase in the demand for Vanadium, mainly in the steel industry, VRFBs and chemicals. Vanadium is classified as a critical mineral by the European Union, US, Canada, Australia, Japan, Brazil, South Africa and UK.