Nick Zeng and Chris Guilbaud: Vanadium Flow Batteries Need an Elon Musk

TL;DR

Golden Share Resources CEO discusses the potential of vanadium flow batteries and the company's plans for developing solid-state Canadian batteries.

Transcript

I'm Melissa Schaaf the investing news network and I'm here at PDAC in Toronto with Nick's a chairman president and CEO of golden share resources and Chris key Guilbeau board director with golden share how are you guys doing okay why I'm very good thank you great so what do you think of the conference so far how's it going I think it's better than l... Read More

Key Insights

• 🔋 Golden Share Resources is focused on exploring properties in Ontario and investing in vanadium projects for battery applications.
• 💐 Vanadium flow batteries are considered a simple and mature technology, ideal for utility-scale energy storage.
• ℹ️ The company has partnered with a Chinese vanadium mining company and the Pacific Northwest National Laboratory to secure a stable source of vanadium and commercialize advanced technology.

Questions & Answers

Q: What makes vanadium flow batteries a potential game-changer in the energy storage industry?

Vanadium flow batteries are considered a mature and simple technology, ideal for utility-scale applications due to their long duration of energy storage.

Q: How does vanadium compare to lithium-ion batteries?

While lithium-ion batteries are best suited for shorter-duration applications, vanadium flow batteries are more suitable for utility-grade, longer-hour renewable energy storage.

Q: Can you explain the agreements with the Chinese firm and the Pacific Northwest National Laboratory?

Golden Share has partnered with a Chinese company that has a primary vanadium mine in operation, ensuring a stable source of vanadium. They have also signed an agreement with the Pacific Northwest National Laboratory to commercialize their advanced vanadium electrolyte technology.

Q: What are the company's plans for 2018?

Golden Share is focused on overcoming challenges such as increasing energy density and decreasing cost for vanadium flow batteries. They are also developing a solid-state Canadian battery, which could revolutionize the industry.

Summary & Key Takeaways

• CEO Nick discusses his background as a chemical engineer and entrepreneur before getting involved with Golden Share Resources.

• The company is focused on exploration properties in Ontario, but is also investing in vanadium projects for battery applications.

• Golden Share has signed a deal with a Chinese firm and the Pacific Northwest National Laboratory to produce and sell vanadium electrolyte for batteries.