A Canadian junior mining firm is set to move into the vanadium redox flow battery materials market after it successfully produced vanadium electrolyte during trials.
Toronto-based Golden Share Mining Corporation’s Vanadium Electrolyte (VE) was developed by Pacific Northwest National Laboratory of the United States Department of Energy (PNNL).
Golden Share was granted a nonexclusive commercial license to produce, use and sell the Vanadium Electrolytes developed by PNNL last October.
Nick Zeng, the president and CEO of Golden Shares said: “This recent development is a major step closer to Golden Share’s goal to become a preferred supplier of vanadium electrolyte.”
Zeng added the company wanted to work with all vanadium redox flow battery manufacturers to become the preferred solution for utility scale energy storage.
However, the company has plenty of competition as a growing line of mining firms producing vanadium electrolyte, including Australian Vanadium and Vanadiumcorp Resources.
