Independent board with range of expertise.
Building the sustainable energy storage supply chain.
Partners, consultants memberships
Proven record of operational experience.
Vanadium mining & energy expertise.
Principles of honesty, integrity and ethics.
Disruptive Technology for Energy Storage to Steel Production
Progress of global deployment targeting cashflow and commercialization (Optioning, Licensing, Royalties and more)
Vanadium, Iron and Titanium recovered from Multiple Sources Efficiently and Sustainably
Development VTM Resource with 22.5km Geophysical Footprint
Former Crown Asset With Over 60yrs of Development next to Blackrock Metals Proposed VTM Mine and Concentrator
Copper Gold Exploration Projects and Royalties Available For Option or Sale
The Future of Sustainable Energy
Reusable and Lowest Cost Battery Electrolyte without Carbon
Current Demand and Price for Vanadium
Our latest press releases
Latest Vanadium Industry Developments
Sustainable Energy, Development, and Innovation
Conventional & Emerging Applications
VRB Stock Fundamentals
General Investment Information
Frequently asked Questions and Terminology
Extensive Compendium of most Relevant Research
Corporate Presentations & Global Directory
As climate change marches on, world leaders and scientists alike have considered the potential of geoengineering solutions to capture and store emissions. In fact, scientists recently concluded that we need to have “carbon-sucking” geoengineering tech in place by as early as 2030.
As reported by Quartz, it seems Iceland is ahead of that deadline, with the help of a 300-megawatt geothermal power plant that’s been built in Hellisheiði. The plant captures more carbon dioxide (CO2) than it produces, meaning it produces negative emissions. That said, it’s true that the plant only produces about one third of the carbon a traditional coal plant would — but more than what it emits is both captured and stored underground.
To accomplish this engineering marvel, a wall of fans sucks in air, filters out CO2, and injects the CO2 into water which is then pumped into the ground where it becomes rock. This process is simple and produces usable energy while eliminating emissions from the environment; truly a win-win. So why hasn’t this technology been immediately adopted and replicated in every state in every country in the world? The short answer is cost.
Currently, this process costs about $30 (USD) for every ton of carbon dioxide that is turned into rock, which is not particularly expensive. However, capturing the CO2 from the air would be significantly more cost-intensive. If the cost of pulling carbon dioxide could be whittled down to $100 per cycle, as its creators are aiming for, then the technology’s adoptability would be much improved.
The concept of capturing and storing carbon underground is nothing brand new: geoengineering solutions to climate change have been brewing and developing for years. However, the concrete completion of this plant proves not only that this process works as intended, but that the costs of producing energy in this manner aren’t completely out of reach. As the technology continues to advance and improve, they will hopefully continue to become more affordable, and in turn, more widely adopted.
If we continue to produce energy in the same manner, and at the same rate, as we currently are, climate change will only worsen. Its life-threatening repercussions will continue to become increasingly devastating — not to mention costly. While we shift from fossil fuels to renewable resources, it’s important to note that our emissions aren’t going anywhere.
Even if we were to eliminate our entire carbon footprint right now, we’d would still see years and years of energy usage left in our wake. This isn’t to say we shouldn’t do anything, as we’ve already jeopardized ourselves and the planet. Rather, it serves as a reminder that while we make changes regarding the types of energy we use, and how we use them, we can also invest in and support the elimination of existing emissions through emerging technology.