Battery Storage Revolution: How BESS is Reshaping Global Energy Infrastructure by 2032
The Energy Storage Transformation The global battery energy storage system (BESS) market is undergoing a remarkable transformation, projected to surge…
Tag: Energy storage
South Africa Poised to Become Global VRFB Manufacturing Hub, Study Finds
The Localisation Support Fund reports South Africa’s high-grade vanadium resources could establish the country as a key player in the growing vanadium redox flow battery market. With global VRFB capacity projected to increase from 4 GWh to 40 GWh by 2030, analysts suggest the timing is critical for investment in local manufacturing capabilities.
South Africa’s Vanadium Advantage
According to reports from the Localisation Support Fund (LSF), South Africa possesses significant potential to develop a commercial vanadium redox flow battery (VRFB) value chain. The assessment comes after the LSF commissioned energy consultancy Customised Energy Solutions to evaluate the country’s competitive positioning in the emerging energy storage technology sector.