Bushveld upbeat about VRFB future as subsidiary secures funding for Vametco hybrid mini-grid

Integrated primary vanadium producer and energy storage solutions provider Bushveld Minerals has secured funding for the engineering, procurement and construction (EPC) of the R113-million Vametco hybrid mini-grid, which is owned by Bushveld Minerals’ 84%-owned energy subsidiary, Bushveld Energy. Bushveld Energy has completed the development and achieved financial close for a 3.5 MW solar photovoltaic (PV) plus a 1 MW/4 MWh vanadium redox flow battery (VRFB) hybrid mini-grid project for Vametco, which will operate as a funded independent power producer (IPP).