U.S. Energy Storage Surges 46% in Q3; 2018 Could Be a Breakout Year for Vanadium Batteries

Summary

• U.S. energy storage increases 46% in third quarter.  Hawaii, California, Massachusetts aim to be powered by 100% renewable energy by 2045.
• Global storage market to double six times by 2030 to a total of 305 GWh.  China reportedly started construction of world’s biggest 800 MWh battery and it's made with vanadium.
• Lithium batteries' parasitic load factor and scalability may hamper growth.  Vanadium batteries could start dominating the utility energy storage sector due to their proven reliability and longer battery life.
• With fierce competition amongst vanadium battery makers and without a clear winner, investing in vanadium mining company may be the best way to participate in the rise of vanadium usage in batteries.
• Upside of vanadium mining company valuations can be seen when compared with uranium mining company valuations.

U.S. energy storage increases 46% in 3rd Quarter.  Hawaii, California, Massachusetts aim to be powered by 100% renewable energy by 2045.

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