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Thursday, August 25, 2011 2:43:02 PM
American Vanadium Eyes Foray into Renewable Energy
"American Vanadium Corp. (TSX: AVC), formerly Rocky Mountain Resources Corp., a small Vancouver-based mining company primarily engaged in the exploration and acquisition of the metal-alloying element vanadium, is primed to enter the clean energy race.
It would seem, at first blush, that vanadium, a heavy metal found in crude oil, is an unlikely candidate for a darling role in the renewables industry. But probe a bit further and the metallic element used to strengthen steel—often for use in construction, military and aerospace applications—has other unique properties.
Adding vanadium to lithium-based batteries allows them to store more energy, provide more power and be recharged faster. Expanding on this technology, the element has the potential to play a vital role in a key aspect of green power production: large-capacity energy storage, the answer to intermittent power supplies inherent with solar and wind energy. American Vanadium is poised to tap this burgeoning market in North America.
The company is currently developing the Gibellini Project, a vanadium mining operation about 25 miles south of Eureka, Nevada, and has recently completed successful pilot testing of the vanadium electrolyte used in vanadium redox batteries, or VRBs. VRBs have shown great promise for grid-scale storage in research conducted by the U.S. Department of Energy's Pacific Northwest National Laboratory.
With a new CFO onboard, plans to raise around $1 million to finance ongoing operations, and commercial production of vanadium electrolyte under way, strategic partnerships with flow cell battery producers appear sure to follow."
Here's link to the article: http://bit.ly/pCUibZ
Sincerely,
Michael Hyslop
Director of Corporate Development
American Vanadium Corp.
http://www.americanvanadium.com/disclaimer.html
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