RE:VRFB NEWS Cellcube and US Vanadium’s long-term supply assurance deal sees the latter commit to selling up to three million litres of vanadium electrolyte a year for the next five years to CellCube… It appears to potentially account for the bulk of the Hot Springs facility’s output which US Vanadium says is ‘more than 4 million litres per year’.
To put it in perspective:
Even if we assumed that 1 litre of electrolyte contains 100% vanadium (i.e only V and nothing else) then
1) 3M litres of electrolytes = 3,000,000 kg of V = 3,000 Tonnes of V
2) 4M litres of electrolytes = 4,000,000 kg of V = 4,000T of V
There are about 9.89T of V per megawatt hour (MWh) then
1) 3,000T per year = ~303 MWh per year for the next 5 years as per the CellCube - US Vanadium deal.
2) More than 4,000T per year = More than 404 MWh per year = Maximum annual production capacity of US Vanadium
Meanwhile Largo “is charting a course towards capturing 3% or about 1,400 megawatt-hours of the long-duration energy storage battery market by 2025.”
https://www.mining.com/largo-to-capture-3-of-clean-energy-storage-market-by-2025/