The massive surge in renewable power generation, combined with the recent events in Texas and elsewhere, highlights the need for long-duration battery storage. 

Vanadium Redox Batteries provide one such solution, and their usage is growing in China and elsewhere. IRT talks with industry expert Terry Perles about the potential for this technology to address some of the problems associated with intermittent power sources, as well as its potential applications in certain EV technologies. 

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Terry Perles 

Terry Perles has more than 32 years of experience in the vanadium industry in roles including sales, marketing, strategic planning and senior management.  

Mr. Perles joined US Steel Corporation in 1980 as a Construction Management Engineer and held assignments at the company’s steel mills in Homestead and Clairton, Pennsylvania.

In 1988, Mr. Perles joined vanadium producer Stratcor and during his 20-year tenure held positions in sales, marketing and senior management.  In 1998, he was appointed Vice President of Sales & Marketing and charged with the responsibility to manage global vanadium sales to the steel, titanium and chemical industries.  Mr. Perles also chaired the company’s strategic planning committee.

By 2006, the EVRAZ Group had acquired controlling interest in Stratcor and Mr. Perles joined East Metals S.A. of Lugano Switzerland, the trading arm of the EVRAZ Group.  During this time EVRAZ Group operated vanadium assets in Russia, South Africa, Czech Republic and the USA, and Mr. Perles directed sales and marketing of the corporation’s global vanadium business.

In March 2010, Mr. Perles established TTP Squared, Inc., a metals industry consulting firm serving both producers and consumers of vanadium chemicals and alloys.  In December 2010, Mr. Perles established MoTiV Metals, LLC, a Pennsylvania corporation acting as a North America sales agent for metal producers supplying vanadium, molybdenum and titanium alloys and chemicals to steel, titanium alloy and chemical industries.  

In May 2012 Mr. Perles joined the senior management team of Atlantic Ltd., owners and operators of the Windimurra vanadium project in Western Australia.

In 2019 Mr Perles and a group of investors formed US Vanadium LLC for the purpose of acquiring Evraz Stratcor Inc and the vanadium production facility in Hot Springs Arkansas.,US.

Vanadium now operates the facility in Hot Springs producing high purity vanadium oxides and downstream chemicals.  Mr. Perles is a non-executive board member at US Vanadium.

Mr. Perles holds a Bachelor of Science degree in Mechanical Engineering from the University of Virginia and an MBA from the University of Pittsburgh.  He served as a member of the International Titanium Association board of directors from 2005 to 2009.  He has been an active member of the Vanadium International Technical Committee (VANITEC) since 2004 and served as Chairman of the VANITEC Market Development Committee from 2012-2014.

Mr. Perles has made more 30 presentations on the vanadium market at key conferences in North America, Asia, Europe and India over the past ten years and is recognized globally as an expert in the field of vanadium market fundamentals.