European vanadium energy storage

Will EDP deploy a 1MWh vanadium flow battery?

EDP has received clearance to deploy a 1MWh vanadium flow battery as part of a hybrid energy storage project at a retiring gas plant in Spain.

What is vanadium used for?

1. Source: Largo Inc, Investor Presentation, May 2022, page 4 Vanadium is a critical raw material used in electric mobility, defence and space and it enables the transition to renewable energy sources via its use in long duration energy storage (LDES) solutions. Vanadium contributes to decarbonising hard-to-abate sectors.

How can a vanadium flow redox battery increase power and storage capacity?

Adding more electrochemical cells and increasing the amount of the electrolyte solution enables to increase power and storage capacity, respectively, of the vanadium flow redox battery. “Energy storage is an emerging sector in constant development that is reshaping the renewable energy market.

Why is vanadium a promising LDEs solution?

Vanadium contributes to decarbonising hard-to-abate sectors. VRFBs are a promising LDES solution because of their scalability, full depth of discharge, ability to cycle frequently and for long durations, non-flammable construction, and the recyclable nature of the electrolyte. 2.

Is vanadium a critical raw material?

The European Commission identified vanadium as a "Critical Raw Material" for strategic technologies and sectors in 2017. There is no vanadium production in the EU. The EU is overwhelmingly reliant on Russian vanadium. 1. Source: Largo Inc, Investor Presentation, May 2022, page 4

Where will high purity vanadium be produced?

High purity vanadium will be produced in Finland. The VRP uses a low emission, low temperature hydrometallurgical process with minimal impacts on biodiversity – a competitive advantage and point of difference. High purity vanadium from the VRP will be recovered from steel slag.