Vanadium redox flow batteries are almost as reliable as diesel generators in providing resiliency, but won’t be competitive against lithium-ion unless cost reductions can be achieved with the scaling up of manufacturing and deployment.
When lithium-ion’s dominance of the energy storage market begins to wane, redox flow batteries are well positioned as a strong competitor, emerging technology market research and business intelligence group IDTechEx has said.
Multinational chemicals company BASF has furthered its interest in the energy storage industry, partnering on the development of ‘metal-free’ flow battery electrolytes with German startup JenaBatteries.
Flow batteries have so far, failed to live up to the disruptive potential they promise, a new report says, but authors Alex Eller and William Tokash at Navigant Research have identified 12 leading vendors in the nascent field, based on metrics of strategy and execution.
