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Vanadium Redox Flow Battery technology takes advantage of eliminating the use of rare earth metals. Most importantly, this battery kind holds the potential to be vastly scaled up for industrial applications while incurring a lower cost increase -- the storage capacity is scaled up by implementing a larger electrolyte storage tank ( compared to lithium ion cells in which the amount of active materials on electrodes need to be increased and are more costly to produce ). Moreover, this type of battery is capable of being charged and discharged for over 10 times the life cycle of lithium ion cells with no capacity loss.

Relevant Articles & Publications (click for links):
  1. "Vanadium Redox Battery" from http://www.vanadium-redox-battery.com/
  2. "Membranes for Redox Flow Battery Applications" Published: 19 June 2012
  3. "A Review of Metallic Bipolar Plates for Proton Exchange Membrane Fuel Cells: Materials and Fabrication Methods" Accepted: 13 June 2012
Videos:

A.
HOW THE VANADIUM REDOX BATTERY (VRB) WORKS video credit: VanadiumCorp Resource Inc.
   
B. Making a vanadium redox flow battery, video credit: Energy Storage CDT (University of Southampton)
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          B.
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