By Jaime Llinares Taboada
Ferro-Alloy Sources Ltd. mentioned Monday that it has acquired a Kazakhstan patent for its know-how to provide electrolyte for vanadium movement batteries instantly from ammonium metavanadate.
Ammonium metavanadate is a precursor type of vanadium from which vanadium pentoxide is normally made, the London-listed vanadium producer mentioned.
As well as, Ferro-Alloy mentioned it has signed an settlement with a German institute to check its electrolyte for battery functions.
“Vanadium movement batteries are the front-running know-how for large-scale storage of vitality produced from photo voltaic and wind which generally require storage and discharge over many hours,” Ferro-Alloy mentioned.
Shares at 0727 GMT had been up 6.4% at 33.5 pence.
Write to Jaime Llinares Taboada at firstname.lastname@example.org; @JaimeLlinaresT