Named after the Norse Goddess Vanadis due to its beautiful multi-coloured compounds, Vanadium is a soft, silvery grey, pliable transition metal and is the 22nd most abundant element in the Earth’s crust.
Vanadium has remarkable characteristics which give it the ability to make things stronger, lighter, more efficient and more powerful. Adding small percentages of it to steel and aluminium creates exceptionally ultra high-strength, super-light and more resilient alloys.
Think of your favourite spanner, screwdriver or wrench – did you notice the word Vanadium stamped on it? Many engineering tools have vanadium added with chromium to provide strong, wear resistant tools.
Nearly 80% of the vanadium produced is as an additive to steel.
Great potential however lies in vanadium’s use in rechargeable batteries for energy storage – very much a growth industry.
Vanadium batteries can store large amounts of energy almost indefinitely, which makes them perfect for wind or solar farms, industrial and utility scale applications, to supply remote areas, or to provide backup power.
By providing a stable supply of cleaner, lower cost vanadium, Richmond Vanadium Technology aims to establish Australia as the prime supplier of Vanadium and assist grid-scale battery makers unlock the potential of Vanadium Redox Flow Batteries in supplying efficient and reliable renewable energy to consumers.