Be confident and hang in, everything takes time Be confident and hang in, everything takes time.
Excerpts
Strategic Partners
Energizer management is aggressively seeking out strategic partners to participate in the development of the Green Giant Vanadium Project. Strategic partners may take the form of:
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Steel off-take partners – steel manufacturers that will contract in advance to buy vanadium from the Project to ensure sureness of supply and price
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Battery off-take partners – electric car battery manufacturers and Vanadium Flow Battery manufacturers looking to contract in advance to buy vanadium from the Project, which in addition to ensuring sureness of supply and price, will ensure that new vanadium projects will come online to meet this new demand.
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Technical partners – mining, engineering and/or construction companies interested in participating in the construction and operation of the Project.
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Financial partners – financial entities looking to invest money into the Project with a view to participate in the financial success of the Project.
The Tipping Point and Beyond - A 10 Year Vision
When U.S. based investment bank Piper Jaffray projects a $600-billion market for energy storage solutions by 2020, there’s little doubt the future will be battery powered. Piper Jaffray, the U.S. DOE, the prestigious Fraunhofer Institute in Germany and many industry analysts have all identified the VFB as a leading technology for energy storage. We are approaching the tipping point for vanadium in new battery technology. The solution to mass storage of clean energy is here, the technology is being manufactured by numerous companies worldwide, governments are endorsing clean energy initiatives and vanadium is the raw material that will make it happen.
World production of vanadium currently only totals 60,000 tons per year. It is estimated that Vanadium demand will exceed current supply as early as 2013. With limited supply of vanadium, coupled with increasing demand from both steel applications and emerging battery technologies from clean energy initiatives, new vanadium projects, like Energizer’s Green Giant, need to come online to meet this projected supply deficiency.