VanadiumCorp Electrolyte Approved for CellCube Vanadium Flow Batteries

VanadiumCorp

VanadiumCorp Resource, a Canadian critical minerals producer, has achieved a significant milestone as its high-purity electrolyte has been approved for use in CellCube’s vanadium flow batteries (VFBs). This development underscores the growing collaboration between VanadiumCorp and Austria-based energy storage system manufacturer CellCube, aimed at enhancing the efficiency and scalability of vanadium flow battery technology.

Collaboration and Production Expansion

Following the approval, the two companies plan to test larger quantities of VanadiumCorp’s electrolyte with CellCube’s VFBs, further strengthening their partnership. This collaboration is crucial as the demand for sustainable energy storage solutions rises globally.

To support this growing demand, VanadiumCorp is scaling up its production capabilities. Currently, the company produces 250,000 liters per year at its pilot plant in Quebec, which is sufficient to supply 4.75MWh of energy storage in VFB installations. However, this is only the beginning of a more ambitious expansion plan.

VanadiumCorp is in the early stages of developing a second plant in Quebec, with a planned initial production capacity of 4 million liters per year. The first phase of the C$20 million ($14.4 million) project is expected to significantly boost the company’s output. By 2028, VanadiumCorp aims to reach an annual production capacity of 26 million liters, enabling 500MWh of energy storage for vanadium flow batteries.

Addressing the Global ESS Market

The collaboration between VanadiumCorp and CellCube positions the companies as key players in the energy storage system (ESS) supply chain. Vanadium flow batteries are gaining traction as a preferred solution for large-scale energy storage due to their long cycle life, scalability, and ability to store energy efficiently from renewable sources like wind and solar.

VanadiumCorp has also announced its intent to seek external investment to solidify its role in the VFB supply chain, a strategic move that aligns with the increasing demand for sustainable and efficient energy storage technologies.

Future Outlook

As the energy storage industry expands, the partnership between VanadiumCorp and CellCube represents a significant step forward in meeting global renewable energy storage needs. With ambitious plans for production growth, VanadiumCorp is poised to play a central role in the evolving market for vanadium-based energy storage solutions.