Bushveld Minerals Ltd. (LSE:BMN) announced that it’s established Bushveld Energy Ltd., a new business that will focus on “developing and promoting the role of vanadium in the growing global energy storage market through application in Vanadium Redox Flow Batteries.”
Bushveld Minerals Ltd. (LSE:BMN) announced that it’s established Bushveld Energy Ltd., a new business that will focus on “developing and promoting the role of vanadium in the growing global energy storage market through application in Vanadium Redox Flow Batteries.”
Highlights of the new business include:
- Bushveld Energy is a 84% – owned subsidiary of Bushveld Minerals Limited
- Focused platform through which to support vanadium demand outlook via Vanadium Redox Flow Batteries (“VRFB”)
- Energy Storage market opportunity at a tipping point and presents attractive commercial opportunity in its own right
- Vanadium redox flow batteries well placed to take significant share in the utility scale energy storage market
- Appointment of Bushveld Energy CEO designate, Mikhail Nikomarov, and dedicated management team with extensive energy (and specifically energy storage) experience
- Business model reliant on smart partnerships targeting scale opportunities for energy storage
- Objective to install several VRFB systems during 2016, build awareness of the VRFB proposition and, in the medium term, establish local assembly and manufacturing capacity, thus creating a captive market opportunity for Bushveld produced vanadium in the form of electrolyte.
Click here to read the full Bushveld Minerals Ltd. (LSE:BMN) press release.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1756.65 | +0.31 | |
| Silver | 19.89 | +0.03 | |
| Copper | 3.47 | -0.05 | |
| Palladium | 2018.00 | -36.00 | |
| Platinum | 893.50 | +1.50 | |
| Oil | 92.68 | -1.74 | |
| Heating Oil | 3.41 | +0.03 | |
| Natural Gas | 7.67 | -0.04 | |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured {{ post.primary_section_name }} Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.