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.