Velox Energy Materials Inc CUIRF

Yup Billionaires . Read On . Info Is Power.

[Goldy63]

• Mr. Robert Friedland received the 2017 Northern Miner's Lifetime Achievement Award, and talked about vanadium in a recent interview with Northern Miner.
• We think there’s a revolution coming in vanadium redox flow batteries,” Mr. Friedland says. “You’ll have to get into the mining business and produce ultra-pure vanadium electrolyte for those batteries.
• "With a vanadium redox flow battery (VRB), you can put solar power and wind power into the battery, and you can put excess grid power into the battery at night".
• Wind and solar energy generation capacity has increased more than 7-fold in the last 10 years, the future renewable energy capacity is practically limitless.
• Given that there are no vanadium strategic stockpiles , any increase in vanadium redox flow battery demand will cause an increase in vanadium price.

Disclosure: I am the Chairman and CEO of Prophecy Development Corp.

Mr. Robert Friedland is the recipient of the 2017 Northern Miner's Lifetime Achievement Award, and when the legendary mining billionaire offered his rare insights on vanadium in a recent interview with The Northern Miner, I paid my full attention. Mr. Friedland stated:

"We think there's a revolution coming in vanadium redox flow batteries," he says. "You'll have to get into the mining business and produce ultra-pure vanadium electrolyte for those batteries on a massive scale.

We're very deeply interested in how you store electrical energy in the grid.

The beauty of the vanadium redox battery is that you can charge and discharge it at the same time, something that can't be done with a lithium battery. With a vanadium redox flow battery, you can put solar power and wind power into the battery, and you can put excess grid power into the battery at night, and at the same time you can have a stable output into the grid."