Countries using vanadium energy storage

Which countries are focusing on vanadium based storage?

Exceptions include Australia and Canada, which are starting to focus on vanadium and vanadium-based storage. The US is also recognizing the need for vanadium, long duration storage and VRFBs through its policies. In all other regions, the private sector is moving first.

Where is vanadium found in the world?

Just four countries share vanadium's world resources: China with its 47%, followed by Russia at 26%, South Africa at 18%, and, finally, Australia at 9% [ 12, 14, 15 ]. Currently, due to strong environmental constraints affecting its production , , , only few mines of vanadium are in operation in China, Russia, and South Africa.

Where does Germany import vanadium?

Germany has trade agreements with the majority of countries that have vanadium reserves . On the basis of EC data , Europe imports firstly from Russia (71% of the overall demand share), secondly from South Africa (13% of the overall demand share) and thirdly from China (13% of the overall demand share).

Why are there no vanadium mines in Australia?

Currently, due to strong environmental constraints affecting its production , , , only few mines of vanadium are in operation in China, Russia, and South Africa. This increases the risk of supply disruption. Opening new mines in Australia will not change the share of resources.

Which countries export vanadium?

In terms of vanadium exports, China's are 'quite small', according to Fastmarkets, as producers can turn a bigger profit in the domestic market.

What has driven global vanadium-producing countries in recent years?

Global vanadium-producing countries have benefited from infrastructure spending in China in recent years. In 2024 and beyond, the market is likely to be driven by demand related to energy storage as well.