By Damon van der Linde - Exclusive to Vanadium Investing NewsDemand for vanadium can be expected to rise if the vanadium redox battery (VRB) is widely adopted in large-scale energy storage of renewables like wind and solar power. “The VRBs are a very good technology in the renewable energy sector and that's where we think it will help out significantly,” said Jonathan Lee, a Battery Materials and Technologies Analyst at Byron Capital Markets, in a recent interview with Vanadium Investing News. Properties of vanadium make VRBs well suited in large power storage applications such as the energy stabilization of highly variable generation sources—such as wind or solar power—or to help generators cope with large surges in demand. Lee explained that this is because vanadium possesses the unique benefit of having multiple charges, allowing for use in both the anode and cathode of the battery. This quality gives the battery a longer life because less contamination occurs. “With wind power, for instance, most of the wind happens at night and most people use the most electricity during the day so there's a mismatch between when electricity is used and when it is consumed,” said Lee. "A VRB would be able to store and stabilize some of this energy.” The main advantages of VRBs are that they can offer almost unlimited capacity simply by using larger storage tanks, they can be left completely discharged for long periods with no ill effects, they can be recharged simply by replacing the electrolyte if no power source is available to charge it, and if the electrolytes are accidentally mixed the battery suffers no permanent damage. In spite of its many benefits in large-scale energy storage, VRBs are a relatively new technology and could face some uncertainties in the future. For instance, the vast majority of global vanadium supply is used as a hardener in steel production. Today, more than 85 percent of existing vanadium demand is from the global steel industry, driven by increased steel production primarily in China, India and the developing world.