viewBushveld Minerals Ltd

Vanadium flow batteries to 'revolutionise' power industry

Bushveld Energy's Mikhail Nikomarov caught up with Proactive's Andrew Scott to update on developments with their first vanadium redox flow battery (VRFB) deployment in South Africa.

The system's being deployed with Eskom, the country's national power utility, at its Research, Testing and Development Centre.

He says they're expecting to deliver and commission it towards the end of Q2 this year.

''It's quite exciting ... it's our first project and from Eskom's point of view it's an ability to really test how the technology works for the purposes that they expect''.

Nikomarov also touches on the broader potential and applications for the technology - not just in South Africa, but globally.

''There are some regions that are heavily pushing the technology - an example is China.''

''The country actually has a formal policy that came out at the end of 2017 where they basically mandated that they're going to look at 100MW-sized Vanadium Redox Flow Batteries''.

Quick facts: Bushveld Minerals Ltd

Price: 13.375 GBX

Market: LSE
Market Cap: £154.21 m

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