Australia’s Yellow Rock Resources has inaugurated a Vanadium Redox Flow Battery (VRFB) incorporation scheme.The firm is working on the Gabanintha Vanadium Project near Meekatharra, within the Mid-Westarea of Western Australia, which it indicates is one ofmost supervisor quality vanadium projects worldwide.
In July, Yellow Rock made public a novel superior-grade vanadium finding at Gabanintha after a reverse-circulation (RC) drilling project brought back intersections of at most 2.15% V2O5 (Vanadium Oxide); the most superior grade ever observed at the project. The Gabanintha Vanadium Project is now going through a feasibility analysis, with perspective to various ultimate economic analyses in 2016.
In August, the firm stated it had long ago started a concise evaluation of the electricity supply needed for the project and it is working out a megawatt-scale solar-diesel-vanadium battery hybrid power station.
An extra company, VSUN Pty Ltd, has been formed to look into the potentials in the distribution of vanadium cells. A distribution right has been granted.
“As we develop this project we are seeing the rapid development of commercial grid storage technologies, such as the scalable Vanadium Redox Flow Battery. The VRFB is very well suited to the commercial and grid solutions being called for in this exciting space,” stated Yellow Rock CEO, Vincent Algar.“Our step into the battery and vanadium electrolyte distribution market is designed to build a significant market share as an integrated company, benefiting shareholders with early cash flows.”
Yellow Rock noted that battery storage rotation will shortly create the need for extra 300,000 tonnes of vanadium – three times recent vanadium consumption in the international steel industry. It is confident not more than 30% of energy storage demand will be achieved by vanadium flow batteries the following years.