2017-2022 All-Vanadium Redox Flow Batteries (VRFB) Market: Latest Demand, Trend and Global Industry Growth Analysis Research Report
The global vanadium redox batteries market size is expected to witness a significant CAGR of 59.7% over the forecast period since vanadium redox batteries have longer lifespans (up to 25 years), and are well suited for industrial and utility applications. VRFB's stands distinctly in the energy storage market, since they deliver power instantly and store up to hundreds of megawatts of energy usable during peak hours. Rising demand for renewable intermittent electricity supply (wind, solar, tidal) requires subsequent growth of...
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