Publication:
Circular Business Model for Vanadium Use in Energy Storage

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-04-23T13:31:33Z
dc.date.available2024-04-23T13:31:33Z
dc.date.issued2024-04-23
dc.description.abstractThis report examines the potential of circular business models for vanadium, focusing on the leasing model for Vanadium Redox Flow Batteries (VRFB). VRFBs are posited to become increasingly significant in the decarbonization of power systems due to their unique attributes as a grid-scale energy storage solution—characterized by long duration, modularity, and site independence. While the report does not delve into the technological advancements or energy-specific applications of VRFBs, it does underscore their economic and climate sustainability benefits. Additionally, the report discusses how innovative business models, particularly leasing, can overcome the challenge of high initial costs and promote broader adoption of VRFBs. The leasing model is presented as one of several feasible strategies to facilitate the deployment of VRFBs in the energy storage market.en
dc.identifierhttp://documents.worldbank.org/curated/en/099020324185517458/P1740031e1bed00471a3c214deb8aa275af
dc.identifier.doi10.1596/41459
dc.identifier.urihttps://hdl.handle.net/10986/41459
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectAFFORDABLE AND CLEAN ENERGY
dc.subjectSDG 7
dc.subjectCIRCULAR BUSINESS MODELS
dc.subjectVANADIUM
dc.subjectPOWER SYSTEMS
dc.subjectECONOMIC SUSTAINABILITY
dc.subjectCLIMATE SUSTAINABILITY
dc.subjectLIFE ON LAND
dc.titleCircular Business Model for Vanadium Use in Energy Storageen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleCircular Business Model for Vanadium Use in Energy Storage
okr.date.disclosure2024-04-23
okr.date.lastmodified2024-04-18T00:00:00Zen
okr.doctypeReport
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099020324185517458/P1740031e1bed00471a3c214deb8aa275af
okr.guid099020324185517458
okr.identifier.docmidP174003-e1bed04f-b49a-4647-a3c2-4deb8aa275af
okr.identifier.doihttps://doi.org/10.1596/41459
okr.identifier.externaldocumentum34303858
okr.identifier.internaldocumentum34303858
okr.identifier.report189387
okr.import.id3983
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099020324185517458/pdf/P1740031e1bed00471a3c214deb8aa275af.pdfen
okr.region.geographicalWorld
okr.sectorMining
okr.themeForests Policies and institutions,Mitigation,Energy,Gender,Human Development and Gender,Energy Policies & Reform,Environment and Natural Resource Management,Environmental policies and institutions,Climate change,Adaptation,Renewable Natural Resources Asset Management
okr.topicEnergy::Energy Conservation & Efficiency
okr.topicEnergy::Energy Technology & Transmission
okr.topicEnergy::Energy Resources Development
okr.topicEnvironment::Adaptation to Climate Change
okr.topicEnvironment::Natural Resources Management
okr.unitInfra Energy Extractive Industry (IEEXI)
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