According to Trend Force forecast，the global energy storage market is estimated to reach USD $35 billion in 2020.
Best Use for Solar Plant
Vanadium Redox Flow Battery
- 20 years life with 15,000 – 20,000 charge/discharge circle.
- Non-flammable electrolyte.
- Electrolyte can be recycled.
- Electrolyte volume decides storage capacity.
Industrial
Lithium Iron Phosphate Battery Advantages
- Lighter and better battery capacity in the same amount of space.
- Lower cost comparing with VRFB
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Source: https://www.e-formula.com/service/energy-storage/