Recently, Hitachi energy began to cooperate with Nevada vanadium industry in the United States to provide 100% renewable energy for the first primary vanadium mine in the history of the United States.

Nevada vacuum Mining Corp is building a gibellini open-pit vanadium mine in the battle mountain area in the western United States.

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The company expects the facility to be operational in 2024. The recently completed preliminary economic assessment (PEA) of the site shows that a 25.4% after tax internal return on investment can be achieved under the assumption that the price of ordinary vanadium pentoxide is $10 / pound (0.45 kg).

Vanadium is used as an additive in construction steel. Only a small amount of vanadium can make steel stronger, thus reducing the weight, volume and carbon footprint of steel used in this industry.

It also has industrial applications in national defense, aerospace and other fields. Of course, it is also used as an electrolyte in all vanadium flow energy storage batteries. Although the energy storage field is still marginal consumption for the time being, it is expected to increase significantly in the next few years.