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As renewable energy adoption accelerates globally, the vanadium flow battery cost per kWh has become a critical metric for utilities and project developers. While lithium-ion dominates short-duration storage, vanadium redox flow batteries (VFBs) are gaining traction for. . The cost of vanadium has a significant impact on the overall expense of vanadium redox flow batteries (VRFB s) because vanadium is a major material input that can represent about half of the total cost of a flow battery system. In. . ntermitency challenges. This helps to unlock the full potential of renewables towards the global goal of achieving ne ar of vanadium by 2031. Added to steel market dem obal vanadium de . Researchers from MIT have demonstrated a techno-economic framework to compare the levelized cost of storage in redox flow batteries with chemistries cheaper and more abundant than incumbent vanadium. Researchers from the Massachusetts Institute of Technology (MIT) have developed a techno-economic. . This study aims to conduct a techno-economic comparison of two battery technologies suitable for storing renewable electricity: lithium-ion battery (LiB) and vanadium redox flow battery (VRFB). The analysis is conducted using a Mixed Integer Linear Program (MILP) to determine the optimal use of. .