American Vanadium Corp may use renewable energy for Gibellini project

VANCOUVER(Scrap Monster): American Vanadium Corp, which developsVanadium Mine, has engaged Hanlon Engineering, a multi disciplined engineering firm, to evaluate the installation of renewable energy generation for the Gibellini Project site in central Nevada.

The system would include a vanadium flow battery combined with integrated solar and wind electric power generation capable of providing energy in excess of the needs of the proposed Gibellini Mine.

Bill Radvak, President & CEO of American Vanadium, says, "We are taking a leadership role in the development of the vanadium flow battery industry in North America based on having the only significant US based vanadium deposit in the development stage. Demonstrating the viability of renewable power generation combined with vanadium storage batteries to power mining projects is important to both our corporate strategy and our environmental commitment to green energy at the Gibellini."

He added, "In its March 2012 forecast, Lux Research, Inc., estimates grid storage demand will be $113 billion by 2017 at which time Vanadium Flow Batteries are expected to become the battery leader with a 33% market share. This highlights the growing value of having the only significant in-ground supply of vanadium in the US."