Non-Binding MOU Signed Between AVL and Metrowest for VRFB in Australia

Industry Global News24

There has been a signing of a non-binding memorandum of understanding by the Australian Vanadium Ltd with Metrowest Power Systems; the EPC service provider, for pursuing opportunities to set out the technology of vanadium redox flow battery in Australia. The firms are hopeful about pushing forward with greater projects and making a way for the VRFB technology to give a demonstration of its capabilities.

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Australian Vanadium signs MoU for energy storage opportunities using vanadium redox flow battery technology

Proactive Investors

Australian Vanadium Ltd has signed a non-binding memorandum of understanding (MoU) with Metrowest Power Systems to facilitate energy storage opportunities using vanadium redox flow battery (VRFB) technology.

Metrowest’s proven track record and networks in industrial and utility sectors, combined with the financial, marketing and technical capabilities of AVL and its subsidiary VSUN Energy, will provide the MoU participants the ability to tackle larger projects and rival prominent market players.

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