Development of the all-vanadium redox flow battery for energy storage: a review of technological, financial and policy aspects

The commercial development and current economic incentives associated with energy storage using redox flow batteries (RFBs) are summarised. The analysis is focused on the all-vanadium system, which is the most studied and widely commercialised RFB. The recent expiry of key patents relating to the electrochemistry of this battery has contributed to significant levels of commercialisation in, for example, Austria, China and Thailand, as well as pilot-scale developments in many countries. The potential benefits of increasing battery-based energy storage for electricity grid load levelling and MW-scale wind/solar photovoltaic-based power generation are now being realised at an increasing level. Commercial systems…