China plans to build storage for 5% of its energy by 2021...
While renewables like wind and solar are getting cheaper and more efficient, they need storage to make them viable says Ron MacDonald, executive chairman of American Vanadium, who sees a big opportunity in supplying the market with vanadium-flow batteries.
"Renewables have never met their promise," said MacDonald, who was interviewed at MINExpo 2012 in Las Vegas this fall.
"One of the reasons for it is that storage was a problem. How do you store vast amounts of electricity that are coming from wind that is generating the power at night when there is no market or from solar when the demand is down?