Vanadium chief backs energy storage

Cynics might say a story that can be boiled down to “Man who runs huge vanadium mine says vanadium is the key to energy storage” is not really news, but we beg to differ. True, Ron MacDonald, executive chairman of American Vanadium, which owns the only vanadium mine in North America,  sees a big opportunity in supplying the market with vanadium-flow batteries.

But in a fascinating interview (below) conducted byMining.com he also highlights the overall importance of energy storage as an essential component to the renewables mix, and quotes a figure of between USD$400 billion and a $1 trillion of global investment predicted for in energy storage between now and 2021.

In fact, from our point of view the interview is yet another sign that understanding of the issues surrounding our sector is expanding rapidly, and that can only be a good sign for the future.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s