3100% in 10 yrs
" Roskill estimates that vanadium demand "for VRFB markets" could rise to 31,000 tons by 2025, amounting to a rise of 3,100% in a decade California flips 'commercial scale' switch on first grid-connected (vanadium redox) flow battery. The beauty of the vanadium redox battery is that you can charge and discharge it at the same time, something that cant be done with a lithium battery demand for these storage systems are set to skyrocket over the next several years. And as a result, the battery storage industry is at the cusp of a major rally. This industry was valued at about $11 billion in 2018. But by 2030 that number is expected to explode to $170 billion SDG&E is working in coordination with Sumitomo Electric of Japan on the pilot program that uses what is called vanadium redox battery systems that may last longer and suffer less degradation than other types of batteries, such as lithium-ion. https://seekingalpha.com/article/4266850-vanadium-miners-news-month-may-2019 " THE TREND is "THERE...HERE"!