Plans for a gigawatt factory in Saudi Arabia, bullet-proof warranties and an international vanadium rental service are propelling a new generation of batteries into the energy storage big league. Pioneers of redox flow technology claim that they can put an end to the degradation and safety issues afflicting lithium-ion batteries. They also expect imminent economies of scale to reduce the cost of bulk energy storage and unlock new markets for solar power.
According to Avalon Battery’s Matt Harper, creative financing and vanadium leasing schemes are making vanadium flow projects like this one more bankable
Image: Avalon Battery
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