Vanadium Electrolyte Cost and Purity Considerations for Vanadium Redox Flow Battery Applications

The All-Vanadium Redox Flow Battery that was pioneered and has been developed at the University of New South Wales (UNSW) in Sydney since the mid-1980s is currently regarded as one of the most attractive energy storage systems for large-scale implementation in a wide range of grid-connected and offgrid applications. Several companies are now manufacturing and installing MW-scale VFBs in applications ranging from renewable energy storage, load-levelling, emergency back-up power and power arbitrage. The full-scale uptake of the VRB in commercial energy storage systems however, is heavily dependent on the availability and cost of vanadium used in the VRB electrolyte. Cost is also a function of purity requirements and although there is little scientific evidence on the effect of impurities on the VRB life and performance, VRB developers continue to demand high purity vanadium at considerable cost. This paper will provide a brief overview of the current understanding of electrolyte impurities on VRB performance together with an economic analysis of the impact of vanadium prices on overall VRB capital and levelised costs for a range of applications.