Deutscher staatlich anerkannter Vanadium-Energiespeicherbetrieb
VanadiumCorp has recently established an office in Frankfurt am Main to facilitate the sales of vanadium electrolyte to the European energy storage market and to
How much vanadium will Germany need in 2050?
Assuming a need of vanadium of 5,500 t/GWh, in 2050 Germany would demand to the vanadium market something between 65 kt (in case of a market share of 10% of VRFBs at the energy storage market) and 650 kt (100% market share) depending on the realized policy, the market share of VRFBs and the installed capacity [12,13].
Does Germany have a vanadium market?
In Germany, the steel industry alone absorbs about 90% of the total vanadium imported . Since vanadium for batteries is not recyclable yet , the entry of the energy sector in the vanadium market would significantly intensify the competition and put a significant risk on the reliability of the vanadium availability.
Does vanadium have a supply chain?
In total, 242 variables were selected to characterize vanadium's supply chain. Considering a successful energy transformation in 2050, four logic-stochastic models were created to assess the supply risks associated with four different market shares of VRFBs at the storage market, i.e. 10%, 25%, 50%, and 100%.
Can vanadium disrupt the energy supply chain?
A supply chain disruption of vanadium can generate complex impacts on national energy systems in particular on the reliability of electricity provision, potentially demanding a reconsideration of the chosen strategy for the energy transformation process.
Is vanadium a critical metal for energy transformation?
The potentially increasing relevance of vanadium for the energy transformation gives the respective governments a strong leverage for acting . Taking into account the risks outlined above, including vanadium in the list of critical metals by the European Commission (EC) was inevitable .
How important are VRFBs & vanadium ore in the supply of strategic goods?
Investment potentials, prices, profits of available VRFBs and vanadium ore itself need to be further investigated and better modelled. Given the importance of these aspects in the supply of strategic goods, it is expected that the results of the analysis would change as result of their introduction into the model.
