United States-based vanadium producer Largo Resources is aiming to capture 3% of the long-duration energy storage battery market by 2025, which equates to 1,400MWh, the company said on Wednesday June 9.
The company is undergoing a "transformational shift" towards vanadium redox flow batteries (VRFB), a type of rechargeable flow battery that employs a vanadium electrolyte liquid solution to store and release energy.Vanadium is mostly used in high-strength steel, which accounts for around...