Vanadium is a low-cost alternative to cobalt in batteries. And it has higher energy storage potential. Thus, lithium/vanadium batteries may be the wave of the future in hybrid and electric automobiles as well as many other devices.
Jon Hykaway, Byron Capital Markets analyst, said, "The charge-discharge rate for [lithium/manganese-oxide] is 10C (where C stands for nominal charge capacities), whereas lithium/vanadium/phosphate batteries have a charge-discharge rate of nearly 50C. That means you can charge the battery faster, which makes them very attractive."
He also said Subaru and China’s BYD Auto were developing batteries made with vanadium.
The use of these batteries will not be limited to just consumer electronics and automobiles, but also as energy storage for renewable energy sources such as solar and wind power.
International Business Times reports these batteries take only minutes to recharge compared to hours with standard lithium-ion batteries, and have approximately 10 times the lifespan.