Vanadium set for “disruptive” demand growth as battery energy storage boom gains momentum: Vanitec
Originally posted on Vanitec by Dr Yu Li According to an independent analysis by market intelligence and advisory firm, Guidehouse Insights, global annual deployments of vanadium redox flow batteries (VRFBs) are expected to reach approximately 32.8 GWh per annum by 2031. This represents a compound annual growth rate (CAGR) of 41% over the forecasted period. […]