Bushveld Minerals, a vertically integrated vanadium producer, has announced the commencement of construction on a facility which will make electrolyte for vanadium flow batteries in South Africa’s Eastern Cape. Bushveld is one of three primary vanadium producers in the world, producing over 3,600 metric tonnes of the metal annually from its mines in South Africa.
Installation of plant equipment is planned to take place in Q3 2021, and the expected commissioning is in second half 2022.
The company will invest around US$5.1 million into the project through 2024, with the remaining required funding of about US$8.5 million financed through an equity and debt agreement between the national Industrial Development Corporation of South Africa.
The company already supplies vanadium to flow battery maker Invinity Energy Systems and has launched a subsidiary, Bushveld Energy, which focuses on making flow battery components and developing projects.
The company also announced investment of US$7.5 million into European vanadium redox flow battery (VRFB) manufacturer Enerox, which makes and sells VRFBs under the brand name Cellcube.
Moreover, Bushveld recently deployed a 3.5MW of solar PV generation with the 1MW / 4MWh vanadium redox flow battery (VRFB) storage unit to demonstrate the technical merits and viability of long duration VRFB systems when paired with renewable energy.
Link to the news: https://www.energy-storage.news/news/vanadium-producer-bushveld-minerals-begins-building-flow-battery-electrolyt