2021
DOI: 10.1016/j.est.2020.102094
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The potential supply risk of vanadium for the renewable energy transition in Germany

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Cited by 22 publications
(18 citation statements)
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“… Decision theory Institutional economics 4. Analysis of raw material availability (rare earth) for electro mobility [ 67 ] Simulation (Bayesian algorithm) Environmental science Core II: “CO 2 price component for fossil fuels” 5. Impact of user cost increase for conventional vehicles of 2% p.a.…”
Section: Resultsmentioning
confidence: 99%
“… Decision theory Institutional economics 4. Analysis of raw material availability (rare earth) for electro mobility [ 67 ] Simulation (Bayesian algorithm) Environmental science Core II: “CO 2 price component for fossil fuels” 5. Impact of user cost increase for conventional vehicles of 2% p.a.…”
Section: Resultsmentioning
confidence: 99%
“…Vanadium production is concentrated in China (62%), Russia (21%), South Africa (10%), and Brazil (7%), where the parenthetical percentages represent each country's proportion of global vanadium production [53]. With so few countries dictating the production, the global vanadium market has experienced strong price volatility in response to local changes (see Figure 1) [47], and this uncertainty increases risk for investments in large-scale and capitalintensive VRFB systems to attract investment. Like many other energy-relevant minerals, this geographic concentration of production necessitates dependence on global supply chains.…”
Section: Current Landscape Of the Global Vanadium Supply Chainmentioning
confidence: 99%
“…Supply chain studies have provided useful, research-driving insights for related technologies such as LIBs (e.g., concerns with the cobalt supply chain [41] have motivated research into alternative chemistries that minimize or avoid its use [42]). Such analyses have been lacking in the RFB field; while some recent studies have explored the vanadium supply chain, these have focused on the environmental, health, and safety considerations of vanadium production and VRFB operation [43][44][45][46][47][48]. Here, we focus on the production scale and growth rates needed to deploy sizable amounts of VRFB storage and examine opportunities to expand and stabilize the vanadium supply chain via the development of various supply streams and employment of economic hedging strategies.…”
Section: Introductionmentioning
confidence: 99%
“…Despite the high prices of membranes, their contribution to the capital cost of VRFB is lower than electrolytes by up to 37% versus 50%, respectively [ 10 ]. This is due to a very volatile and high price of vanadium determined by different resource constraints [ 11 ]. For this and other reasons, various alternative electrolytes are being considered for use in redox flow batteries.…”
Section: Introductionmentioning
confidence: 99%