"When Robert Friedland Talks Vanadium, I Pay Full Attention"
http://www.prophecydev.com/when-robert-friedland-talks-vanadium-i-pay-full-attention/
Highlights:
1. Mr. Robert Friedland received the 2017 Northern Miner's Lifetime Achievement Award, and talked about vanadium in a recent interview with The Northern Miner
2. “We think there’s a revolution coming in vanadium redox flow batteries,” Mr. Friedland says. “You’ll have to get into the mining business and produce ultra-pure vanadium electrolyte for those batteries on a massive scale.
3. "With a vanadium redox flow battery (VRB), you can put solar power and wind power into the battery, and you can put excess grid power into the battery at night"
4. Wind and solar energy have now lowest levelized cost of all commercial energy sources, an unthinkable proposition only a few years ago.
5. If solar and wind energy capacity sustains an annual compounded growth rate of 10%, the world would generate about 20% (from the current 6%) of its electricity from those resources by 2030.
6. Indeed, with the capacity of solar and wind energy increasing and enhanced by VRBs and efficient long distance transmission interconnectors, the future capacity and deployment of wind and solar energy is practically limitless and the levelized cost will further decrease.
7. Given that there are no vanadium strategic stockpiles , any increase in vanadium redox flow battery demand will cause an increase in vanadium price.
Kindly ensure bio is updated as follows
John Lee, CFA is an accredited investor with over 2 decades of investing experience in metals and mining equities. Mr. Lee is the Chairman of Prophecy Development Corp (www.prophecydev.com). John Lee is a Rice University graduate with degrees in economics and engineering.
Thank you,
John Lee, CFA
